News

ValueDefi vSwap Pool Contract Exploited in String of Hacks

The latest hack on May 7th at 07:41:39 PM +UTC has drained 11M USD from the vSwap contract liquidity pools, making it the platform's third exploit. The ecosystem is threatened with this type of event becoming rampant in recent times.

Billion Happiness Launching NFT Marketplace Geared Towards Artists

Billion Happiness is launching their Binance Smart Chain NFT marketplace! Let’s talk about that.

MetaMask Adds Built-In PancakeSwap Feature

MetaMask has added PancakeSwap into their built-in token swap! Here is some information about the integration and potential effects for users.

JGN Reaches All-Time High as Binance Enters the NFT Space

Juggernaut (JGN) has reached a new All Time High! Let’s talk about why the project is seeing so much growth recently.

SafeMoon Resumes Rally, Surpasses 1.5 Million Holders

SafeMoon is seeing tremendous price rallying despite controversy surrounding the safety of their project code. Here’s a look at how the rise has happened and a look at the results.

MDEX Introduces NFT Mascot Campaign as NFT Craze Continues

MDEX launched its NFT mascot campaign on May 6th in a bid to offer exclusive opportunities to design enthusiasts and reignite artist passion for the trend. Let’s dive into that!

ApeSwap Continues “Non-Fungible Apes” Distribution on NFTKEY

ApeSwap has seen recent speculation as they branch out into the NFT market. Let’s dive into what these non-fungible assets are and what it means for the project.

PancakeSwap Launches CAKE Swag in PCS Store, First Two Rounds of Sales Have Been Donated

PancakeSwap has announced that it has donated all the proceeds from the sale of its merch. PancakeSwap had already carried out two rounds of sales and all the proceeds were donated to Give well.

PayPal Sees a Q1 Record Following “Checkout With Crypto” Feature

Paypal delivered incredible growth in total payment volume and revenue in this year's first quarter, leading to a new record performance. Let’s look at how cryptocurrency affected those numbers.

WAULTX Rallies Over 100% as Third Presale Nears

WaultX, even post-migration from $WAULT to $WAULTX, have seen substantial growth in value. Let’s take a look at some of the factors behind their solid improvement.

Goldman Sachs Raises $15M for Coin Metrics

Coin Metrics, a Blockchain analytics firm, has gained a massive boost in funding led by Goldman Sachs. Let’s take a look at why the banking giants decided to fund the project.

Alpaca Finance Users Double as the Protocol Crosses $2 Billion TVL

Binance Smart Chain (BSC) protocol Alpaca Finance has seen tremendous growth in a short amount of time. Let’s dive into some of the contributing factors for this rise.

Beefy Finance Launches Vaults on Polygon

Beefy has announced the integration of yield optimization vaults to the Polygon Network, formerly known as Matic Chain. This integration means Beefy now has vaults on 4 different blockchains.

Wault Swap Revamps Burn Process, Allocating 100% of Protocol Fees to WEX Holders

Wault Finance has announced that 100% of WSwap's trading fees will move to buy back and burn WEX. Currently, the protocol will use approximately $32,000 to buy and burn WEX daily — 0.02% of the daily trading volume.

UFC Continues to Dive Into NFTs, Leveraging CHILIZ to Launch UFC Fan Token on Socios.com

The UFC plans to take advantage of this interest by releasing their own NFT through Chiliz Summary: The world’s largest Mixed Martial Arts fighting tournament, the UFC (Ultimate Fighting Championship), plans to launch its own $UFC fan engagement token in cooperation with Chiliz on the Socios.com website.

bEarn Fi Releases April Update Displaying Continuous Innovation

bEarn has released its monthly wrap-up for April 2021. The wrap-up included updates about their AMA, bFolio, multi-pegs, bLending, and bPower.

As Fantom Continues to Grow, Will Other EVM Chains Outpace the BSC?

The market cap of Fantom ($FTM) has exceeded $2 billion with expectations of reaching its previous high of $0.8444 per $FTM any day. The Ethereum Virtual Machine (EVM)-compatible blockchain allows transactions to be completed in 1 second, meaning that it is a premier choice for developers. The question now is: will this growth be continued across other EVM projects?

Casey Neisat, Famous YouTuber, Tweets About ETH Amidst 20% Rally

YouTube famous Caisey Neisat, known for his amazing, creative, and inspiring videos, made a single Tweet, “Eth!”, as a rally of over 20% ensued.

PancakeSwap Proposes $CAKE Emission Reductions

PancakeSwap has proposed a reduction in $CAKE emissions every month in order to slow inflation. Holders of CAKE will have the opportunity to vote monthly to reduce CAKE emissions.

DODO Introduces Fractional NFTs Through DODO NFT

On May 4th, BreederDODO announced the launch of DODO NFT. DODO NFT aims to help small investors and collectors in the NFT ecosystem overcome their inability to purchase their most desired items due to prohibitive prices. DODO NFT will fractionalize NFTs to reduce investor costs, meaning that NFTs will be available to a wider purchase base.

Most Valuable Builder (MVB) II, A Focus on NFTs

After a successful launch of its first-ever MVB accelerator program in February this year, the BSC has announced the start of the second edition. The focus of the MVB accelerator program is to help innovative NFTs and Defi projects.

Over 5M Cake Burned in The Largest PancakeSwap Weekly Burn

PancakeSwaps deflationary mechanisms are in full swing. A tweet from the official PancakeSwap Twitter account on May 3rd stated that the exchange bought $7.8M of $CAKE back from the market in trading and prediction fees.

CEO of Swipe Burns 17% of SXP Supply, 200M Dollars

Swipe is a platform that connects crypto and commerce. Ahead of the release of the V2 whitepaper, Joselito Lizarondo burned SXP tokens and provided a summary of what is to be expected.

Injective Claims “Unicorn Status” After Raising 10M and Over 50M Locked in Equinox Staking

Injective, a decentralized derivative exchange, just reached Unicorn status. The exchange seems to be on a non-stop mission as it has embarked on major collaboration and integration to grow its platform.

NERVE Launches rUSD Metapool Alongside Partnership with Ramp‍

NERVE is an AMM that focuses on and optimizes trading stablecoins with minimal slippage. It has announced it will partner with DeFi lending protocol RAMP. 

Refinable Announces Big Bang NFT Competition, Calling All Artists

Refinable is a newly launched NFT marketplace on the Binance Smart Chain (BSC) network. They just recently announced its NFT competition calling all artists in the BSC space, tagged the Big Bang NFT competition.

Wault x Eleven Finance Partnership as WSwap Nears 200M TVL

WSwap users now have an easy option to create Liquidity Pools (LPs) and add them to the corresponding vault using Eleven Finance. Users can stake LP tokens in the Eleven Finance vaults and earn ELE for increased rewards.

BAKE Increases 380% in the last 7-days Alongside 20x Increase in Transaction Volume

BAKE experienced a 380% gain over the last seven days alongside a 20x increase in volume. BakerySwap continues to display why it is the hub of most NFT activities on the BSC chain.

Helmet Dives Into NFTs: Gacha Game

The protocol introduced a jigsaw game in version 1 of Pixel Puzzle called "Fight for Dora." Pixel Puzzle is an NFT Gacha game with surprise mechanics that allows users to scoop the final jackpot.

United Kingdom Designates Task Force to Explore Possibilities of Its Own CBDC

The United Kingdom continues to explore the possibility of its own Central Bank Digital Currency (CBDC), as governments and central banks around the world play catch up to China’s CBDC - the digital yuan.

MDEX Overtakes BurgerSwap and PancakeSwap in DEX Ranking

Maintaining a daily volume of more than $1.6 billion coming 2nd to Uniswap $1.7 billion, the HECO-based multichain MDEX has surpassed BurgerSwap and PancakeSwap. The Binance Smart Chain (BSC) Network Dex is now taking over 23% of the market share.

XPool Announces Testnet Plus Important Updates for Mainnet

Binance Smart Chain (BSC)-based Decentralized Finance platform, X-pool has announced the deployment of its Testnet. The deployment of the Testnet features is to aid in ensuring that the Mainnet is launched without any hitch. The launch date for its Mainnet will now be May 8, 2021.

BakerySwap Introduces CAR IDO - A Rare Car Collection

The BakerySwap platform, which is at the forefront of NFTs on the Binance Smart Chain (BSC), has announced a new range of non-fungible tokens called Rare Car Collection. The supporting token $CAR will be made available on the Bakery Launchpad (IDO) on May 5th.

Value DeFi Announces Multiple New Features

Value DeFi announced a suite of new products and features including vSWAP v2, a collaboration with Ren, and an upgraded AMM for the Value DeFi ecosystem. To implement these ambitious plans the company will make some significant changes to how it is funded, including the liquidation of its vested development fund.

Alpha Homora v1 on BSC Adds 2 New Leveraged Pools

Alpha Homora’s leveraged pools allow users to maximize their liquidity for greater potential profits based on a users’ personal taste for risk. As a general rule users should be aware that greater leverage also offers greater opportunity for loss.

The bEarn.Fi Ecosystem Introduces bPower, an Innovative Loyalty Program

bEarn.Fi, a cross-chain and auto yield farming protocol, has added another product to the decentralized ecosystem, bPower. bPower is a unique loyalty system where members earn exclusive benefits & rewards.

HyperJump Farming to Launch in the Fantom Zone

HyperJump is a Decentralized Finance (DeFi) project that is focused around Non-Fungible Tokens (NFTs). The team behind the protocol recently announced plans to expand this unique farming activity to Fantom by next week.

Wault Announces Third Presale for Holder Finance

Wault is quickly becoming a busy launchpad with a number of projects choosing the platform for their token launch. Holder Finance follows on the heels of Euler.Tools and Swirl to become the third platform to launch on Wault.

Blind Boxes Launches Liquidity Mining Event with 1inch Network

Premier gamified NFT curation platform, Blind Boxes, has sealed a cooperation with DEX aggregator, 1Inch. The deal will see the creation of a liquidity mining pool on 1Inch for Blind Boxes' native token.

MDEX and WeStarter Campaign Introduces Liquidity Incentives

Huobi Eco Blockchain (HECO) based Automated Market Maker (AMM), and Decentralized Exchange (DEX) MDEX just launched its WeStarter campaign. It aims to reward participants and liquidity providers (LP).

Current State of the NFT Boom Cycle

The first three months of the year witnessed rocketing demand for NFTs, the market cap of NFT projects rose by 1,785%. Such has been the success of the sector it has begun to draw the interest and participation of celebrities such as Snoop Dogg, Tony Hawk, Lindsay Lohan, Grimes, Lewis Capaldi, and even Edward Snowden fomo-ing in on the NFT craze.

Xend Finance Releases New Website Optimized for the User

The world's first decentralised finance platform for credit unions and cooperatives, Xend Finance, has optimised the look and feel of its website. This change was made in response to the growing community supporting the project.

Uniswap and PancakeSwap Lock Horns, Battling for #1 DEX Spot

The rivalry between the two top Automated Market Maker (AMM) and Decentralized Exchange (DEX) Uniswap and Pancakeswap is far from over. The flippening, subtle competition, and healthy rivalry are fun to see and learn from these two giants.

Spartan Pools v1 Exploited Using Flash Loans, $30m Hacked.

Binance Smart Chain (BSC) network has experienced another hack with the recent Spartan Pool exploit. The exploit appears to be a sophisticated and expensive one as details unravel.

Injective Protocol Partners with UMA Protocol

Injective, a decentralized derivatives exchange, has announced its partnership with UMA, a universal market protocol. The collaboration between both protocols will promote the launch of innovative synthetic products and bridge gaps between DeFi and synthetic assets.

Swamp Finance Releases 10 New Vaults

Swamp Finance announced it has added ten new PancakeSwap vaults to its platform. The yield optimization protocol announced the latest development on the 29th of April 2021 via Twitter, giving users more options to farm yields.

PancakeSwap Prediction Market is Live

PancakeSwap announced the Beta Phase of their new Prediction market tool is now live. Prediction of market prices going up or down is a market that has yet to be fully realized. PancakeSwap Prediction seems to be making strides forward into this sector, offering users even more versatile trading options.

Binance Smart Chain Witnesses Parabolic Growth and Outperform the Broader ETH Market

Thanks to consistent high-volume transactions on PancakeSwap, BSC activities are now experiencing parabolic growth and haven’t shown any sign of stopping.

Upcoming EasySwap Hard Fork in Response to Hacking Incident

In light of the security incident that happened on the 19th of April 2021, EASY has announced that there will be new changes to its decentralized finance lending protocol. One of which is a proposed hard fork.

APYSwap Features Shareable NFTs on Binance Smart Chain

APYSwap, the DeFi protocol best known for tokenized vaults, has announced a new feature which will see the company make a splash in the liquid-heavy NFT market. The company proposes a model of shared NFT ownership which will allow multiple people to each own a piece of a single NFT.

NFTs and Taxes: What to Know About the Unavoidable

Last week a leak from the White House revealed that President Biden plans to raise capital gains tax for wealthy Americans who earn over $1 million. The new rate at which the tax will be charged for the very richest in society will reportedly be 39.6%, almost doubling from the existing rate of 20%.

Upcoming BSCPad and ZeroSwap IDO for TradeStars TSX Token

Fantasy Stocks trading game platform, TradeStars has announced its upcoming IDO on BSCPad and ZeroSwap. After the IDO on May 4, 2021, its token $TSX will be available to the public and investors. TradeStars has also opened its White list to interested participants.

Seascape Network Opens up Season 1 of Staking Salon

NFT and DeFi gaming Platform, Seascape has launched Season 1 of its third modularized DeFi game, Staking Saloon. It is now live and users can get ready for some ‘gun-blasting good time’ on the protocol. Season 1 of Staking Saloon is packed with actions that will allow users to stake Scapes (the platform's original NFTs) for Crowns (its universal token, $CWS).

StreamingFast Introduces a New and Improved PancakeSwap Dashboard

StreamingFast has integrated its streaming service with the PancakeSwap dashboard to develop a new dashboard that is almost 60x faster than before. Their subgraph stack ensures reliable live data flow, development, iteration, and faster production times, making the dashboard appealing to incoming investors.

Digital Innovation Act Passed by Congress, Taking a Step Towards Efficient Regulation

On Tuesday, April 20, 2021, the house passed six bipartisan Financial Services bills, including Ranking Member Rep. Patrick McHenry’s (R.N.C.) proposed Eliminate Barriers to Innovation Act. This bill aims to improve crypto-regulation efficiency, as well as promote innovation in the sector in the U.S.

PancakeSwap Launches DefiDollar DAO Syrup Pool

PancakeSwap announced on April 27th that DefiDollar DAO is the latest protocol to own a Syrup Pool on the popular DEX. DUSD and ibBTC are two popular products from DefiDollar, which is poised to maximize investor returns as part of the PancakeSwap ecosystem.

Migrating to Kalmar V2 Farms

Kalmar has informed its users to close their old positions and re-open them since their V2 farms are now live. Kalmar had to upgrade their farms to new ones because PancakeSwap migrated to V2.

Golden State Warriors Announce NFT collection

Non-Fungible Tokens (NFTs) are going wild; the industry is getting rocked with news, events, and entries that have begun to shape the concept. And now the Golden State Warriors, the championship-winning NBA club, has just made history as they become the first professional sports team to launch an official NFT collection.

URANIUM FINANCE $50m HACKED or STOLEN?

We may never know the true nature of what happened with the code exploit of Uranium.Finance, a fork of Uniswap AMM built on the Binance Smart Chain (BSC). There isn’t enough convincing story from both the team or speculators as to what truly happened. Each party seems to have a different theory; however, there was yet another rugpull.

PARSIQ Integrates Chainlink Price Feeds on Binance Smart Chain

On April 23rd, PARSIQ announced the incorporation of live Chainlink price feeds on the Binance Smart Chain (BSC). Using this feed, developers can develop automated off-chain workflows that respond to events as they happen live on the BSC main network.

Kalmar Releases NFT Fundraiser Landing Page

Kalmar, a decentralized banking protocol, has launched its NFT fundraiser landing page. This release allows users to raise funds via the help of the first NFT-based fundraiser product on the Binance Smart Chain network.

Project Update: Coinbase launches COIN on Nasdaq

April 2021 may be remembered as a landmark month for cryptocurrency, with the flotation of Coinbase on Nasdaq exposing traditional investors to the sector. Until now many US traders would ignore the blockchain sector, but Coinbase has planted a flag on the hill for the entire industry, making it impossible to overlook any longer.

Binance set to launch its groundbreaking NFT Marketplace.

Industry leader Binance, owners of the biggest exchange in the world in terms of volume, market cap, and user base (Binance Exchange) just announced the planned launch of its official NFT marketplace, coming June 2021.

First Round of MVB Results and Recap

Binance’s Most Valuable Builder (MVB) seeks to provide entrepreneur support to project developments on the Binance Smart Chain. The program, which covers projects built on the BSC network, contains integrations that help developers build innovative platforms on the network, providing support and assistance in the form of grants and listing on the Binance Innovation Zone.

Beefy Finance V2 Migration Progress

Beefy Finance has announced that it has started to deploy new vaults for V2 farms. Users are urged to remove V1 liquidity, add V2 liquidity and enjoy auto compounding.

Nifty Gateway Partners With Eminem to Release his First NFT

Nifty Gateway, a digital-asset marketplace, is releasing an NFT series in a partnership with rapper Eminem. These limited-edition NFTs will contain original beats by Eminem, becoming initially available at ShadyCon on April 25th.

The State of BSC NFTs, These Three BSC NFT Projects Were Recently Highlighted by CEX Binance

On Ethereum more than $2B was spent on NFTs in Q1, representing an increase of 2,100% in Q4 2020. This is despite the fact that network fees on Ethereum remain incredibly high, and transaction speeds remain slow.

Binance Incentives Doge Trading, Offers $100,000 Through a “Collect and Win” Promo

Dogecoin has had an incredible month of ups and downs this April; the coin still boasts a healthy 6x in a very short period of time. Now Binance is launching a “collect and win” competition for the coin, inviting users to capitalize even further on this runaway success story.

DODO Raptor Program Releases an Incentivized BRY Trading Competition

The DODO Raptor Program has announced the launch of a Berry Data trading incentive program and $BRY airdrop for vDODO holders. vDODO holders will also receive at least 50 vDODO and $BRY token airdrops.

BitMart Lists Fortress Lending (FTS)

BitMart will be listing Fortress Lending (FTS) on April 26. Only the FTS/USDT trading pair will be available and there are specific dates for the availability of various trading features.

Binance Introduces Happy Staking Promo

Binance has launched the "Happy Staking" promo, a locked staking activity that will generate a massive yield for its users. The promo also comes with up to 42.79% Annual Percentage Yield (APY), according to the platform.

ForTube’s Outlook on DeFi and Lending Markets Alongside Fortube V3

ForTube has recently provided updates to their platform regarding decentralized finance (DeFi) and lending markets, culminating in ForTube V3. ForTube V3 provides effective solutions to the myriad of problems facing the Defi lending ecosystem including funding-pool limitations and transaction security.

Triple Mining Reward Campaign Hosted by BurgerSwap and Helmet.Insure

HelmetInsure and BurgerSwap are running another mining campaign for their members. While the rewards might be worth it, they are a few terms and conditions that participants need to abide by before they can participate and be rewarded.

BurgerSwap Introduces Incentivised MultiVAC (MTV) Farms

BurgerSwap has announced its new partnership with MultiVAC. This will bring a $MTV farming pool to Burgerswap and enable the staking of $MTV - $Burger LP (BLP) tokens to yield rewards in $MTV and $Burger.

A Look Into Binance Debit Card

Binance Visa card has proven to be a huge stride into delivering seamless crypto-based services as you can convert and spend your favorite cryptocurrencies. It is as simple as sending crypto from your spot wallet to your card wallet, thereby enabling you to spend crypto anytime at over 60 million merchants worldwide, according to the Binance Team.

Mark Cuban Invests in an NFT Tracking Tool, CryptoSlam

Billionaire Entrepreneur and celebrity judge at Shark Tank, Mark Cuban has invested in popular NFT aggregator site CryptoSlam. The strategic investment between Mark Cuban and cryptoSlam, an NFT collectible aggregator, was done through his VC entity ‘Radical Investments.’

BTCST CEO, Alex Zhao, Shares Insight on Why Bitcoin fees hit ATH’s

Over the past few days, there has been a 33% APY increase in the BTCST/BTC vault. The decentralized nature of the BTCST hash rate makes it unaffected by recent regional power outages.

Oddz Finance Introduces Customized Options Trading

In their efforts to enhance yield farming, leveraged trading, and liquidity mining on their design, Oddz finance now offers customized trading options via their platform.According to their Medium post, Oddz Finance now has customized options trading. This type of trading allows traders to efficiently trade their strategies and maximize their profits.

Crypto.com Now Supports CAKE.

CAKE, the native token of the Automated Market Maker (AMM) and Decentralized Exchange (Dex) platform PancakeSwap, has been listed in many popular exchange platforms. Crypto.com, one of the foremost fiat/crypto exchanges, has now joined the list of platforms on which users can trade CAKE and spend it with their unique Visa card system.

Jetfuel IJO is Oversubscribed with an Extra $1.2 Million

One hour before the end of the Jetfuel IJO, the fundraising event for the Fortress Loan platform has been oversubscribed by a user who contributed $1.2 Million—taking the IJO oversubscription to 172%.

Venmo Launches Crypto Support to Cater for Widespread Adoption

The Venmo application will now allow users to make transactions using cryptocurrency. This new feature will make it easy for users to own cryptos like Bitcoin, Ethereum and more.

ASAP Rocky Releases First Limited NFT Artwork

Non Fungible Tokens, popularly known as NFTs, are still gaining momentum and maintaining their relevance despite what seems like a pullback of the market. This time the news about NFT is emanating from famous Hip-Hop musician and entertainer ASAP Rocky releasing his own NFT art.

Jeff Bezos and Amazon Display Interest in Digital Currency Payment Service

There are speculations that Amazon is creating a cryptocurrency for the 'digital and emerging payments' division of the company. Major publications reported in February of this year that the e-commerce giants have already started recruiting staff in Mexico and Brazil.

PancakeSwap V2 Migration Vote

Ever relentless in its quest to maintain its position as the top Binance Smart Chain Automated Market Maker (AMM) and Yield Farm platform, PancakeSwap will upgrade to Version 2 for improved performance.

Venus V2 Results in a Loss of User Funds

After launching its Venus V2 upgrade, the start of a new single currency revenue pool service, users have reported losses from it. The fee generated has been attributed to be the cause of the losses.

Swamp.finance and ApeSwap Partnership, BANANA Staking and SWAMP/BNB Liquidity Pools

ApeSwap has announced a partnership with Swamp.finance, allowing its users to earn $SWAMP by staking $BANANA. Through Swamp.finance, ApeSwap can give its users access to a yield optimizer that enables automatic aggregation for them

Binance Launches High Yield DeFi Staking

Binance launched a new high yield DeFi staking activity on the 15th of April 2021. Presently, users can now stake USDC, HARD, XVS and earn almost 37.36% APY (Annual Percentage Yield).
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