As crypto scams rise, BNB Chain continues to intensify efforts to protect users.
Beefing Up Security
In 2022 alone, nearly $2 billion worth of crypto has been stolen. These scammers aren't likely to stop soon, as they're constantly seeking new ways to make users part with their funds. Seeking to keep these scammers in check, BNB Chain has been making solid efforts to beef up security by building tools that help users identify safe projects and flag harmful ones, as well as raise alarms to educate users of suspicious attempts.
BNB Chain's Dapp Aggregator Flags Two Scam Projects
BNB Chain's efforts to curb scams on the network had recently intensified with its mid-July launch of DappBay, a new product with risk scanning tools. On July 25, BNB Chain revealed two projects detected by DappBay as potentially harmful to users. The new product's risk scanning tool will come in handy for BNB Chain users, ultimately increasing their safety by flagging harmful projects.
Learn about the identified projects here.
Binance Alerts Users to Massive Phishing Scam Attempt
Crypto is an attractive hub for scammers who are constantly inventing new ways to steal assets from unsuspecting victims. Binance, however, leads the way in protecting user assets. In the year's first quarter, Binance CEO, Changpeng Zhao, raised the alarm about an ongoing phishing scam that targeted users with a fake Binance withdrawal SMS.
Learn more here.
Overcoming a Scam, an NFT Project's Toughest Battle
As non-fungible tokens broke out in 2021, so did scammers in the sector trying to profit off vulnerable users. From fake pop-ups to intellectual property theft, scammers are doing every bit to steal user funds. A team member of a particular victim NFT project discussed plans to revive the project.
Learn about the project and the revival plans here.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News
Delve into the highs and lows of the crypto market's rising stars, including exclusive insights on BlastUP's game-changing trajectory.
Bitcoin's halving has sparked excitement across the crypto world, with some experts hinting at a major bull run that could see values soar to staggering heights. This potential surge highlights the broader market optimism, turning the spotlight on low-key altcoins. These under-the-radar digital currencies offer a tantalizing promise for high potential gains, drawing attention from investors looking for the next big breakout in the crypto landscape.
BlastUP Goes Viral, Raising $3 Million in Just One Month
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $3 million in just one month. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
>> Buy BlastUP tokens before they skyrocket <<
Jupiter's Impressive Growth: Risks and Potential
The recent performance of Jupiter has been impressive, with a monthly increase of over 150% and an even more substantial six-month rise. This trajectory suggests a robust positive trend, which could continue to push the price up, targeting the next resistance at $0.81. The current price of $1.25, slightly below the 10-day SMA of $1.27, implies a healthy momentum, possibly igniting investor interest for further gains. Despite this, any unexpected shifts in market dynamics could see the price test nearer support levels at $0.68 or even $0.42, underlining the importance of vigilance among investors.
In looking at long-term prospects, this meteoric rise of over 4000% in the past half-year positions Jupiter as a noteworthy contender in the market. This kind of movement garners attention, potentially attracting new investors and increasing buy pressure. Nevertheless, market history tells us that assets with such rapid ascents can be susceptible to corrections. Jupiter's support levels at $0.42 and $0.30 could come into play if the tide turns.
Mantle's Price Doubles, Eyes on Upward Trend
Mantle's recent surge to $1.28 from $0.63 in just one month shows a strong upward trend, with the price more than doubling. If Mantle maintains this growth, it could soon break past the second resistance level of $1.27. Long-term, the six-month increase of 223.57% suggests solid momentum. Holding above the simple moving averages of $0.88 and $0.75, respectively, supports a continued rise. However, such rapid increases can invite corrections, potentially testing support levels if traders decide to lock in gains.
On the flip side, if we consider the significant short-term climb, there's a risk of pullback towards the nearest support at $0.63 or even the second support at $0.37. These levels might act as safety nets for the price. In the long run, if the upward trajectory stalls, the price might oscillate around the current simple moving averages. Mantle's ability to sustain above these averages in the face of potential market headwinds will be critical for ongoing growth.
Ondo's Market Surge: Growth & Volatility Risks
Ondo's seen impressive growth, with a one-month jump of over 105% and six-month rocketing close to 2780%. If it keeps catching eyes, the current $0.87 might push past the near resistance at $0.55 and challenge the second at $0.66. This hype could spill over, making short-term gains likely, with the 10-day average at $0.73 hinting at solid interest.
Looking long term, if Ondo holds strong above its support levels at $0.26 and $0.08, we could see steady growth. Such support suggests a faithful base, which helps during downturns. Still, with any asset that's seen a 2779.90% half-year surge, there's a risk of a pullback as early investors take profits.
FLOKI's 1304% Surge: Can It Reach New Highs?
Looking at the impressive growth over the past month of 512.87%, FLOKI's positive momentum could continue. Investors have seen a staggering six-month surge of 1304.41%, pushing past previous expectations. Based on these trends, there's potential for FLOKI to climb towards its all-time high of $0.000313. If buyer enthusiasm persists, the current price could be seen as a stepping stone for further gains.
However, it's crucial to remember that past performance isn't always indicative of future results. The asset has yet to return to its peak, and digital currencies are highly volatile. While historical data provides optimism, it's essential to prepare for fluctuations.
Conclusion
It becomes evident that while the likes of Jupiter, Mantle, Ondo, and FLOKI have piqued investor interest, BlastUP emerges as the most tantalizing of them all. Thriving within the robust Blast ecosystem, BlastUP's concept appears to be a compelling beacon for those seeking substantial returns, potentially outshining its contemporaries. As the crypto community anticipates where the next big rush will materialize, BlastUP's profound potential remains a standout in the current tide of market exploration.
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Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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