Tag: BNB
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BNB Greenfield Network Preparing for Monumental Hulunbeier Hard Fork
Testnet Hard Fork: A Prelude to Progress The testnet phase, a vital precursor to the mainnet launch, acts as a sandbox where the effectiveness and efficiency of the Hulunbeier hard fork will be scrutinized meticulously. Taking place on February 1, this phase is not merely an ordinary update; it serves as a rehearsal for the […]
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Cryptocurrency Industry Braces for Regulatory Crackdown: How Will it Impact Investors?
Regulation of the Cryptocurrency Sector The Securities and Exchange Commission (SEC) took action last week to shut down Kraken, a well-known bitcoin exchangestaking ,’s services. And now, Paxos has been told to stop producing BUSD stablecoins, which mirror the value of the US dollar, by the New York Department of Financial Services. Market Influence The […]
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Community members of Uniswap (UNI) vote to launch the Ethereum-based DEX on the BNB Chain.
The decentralized exchange (DEX) Uniswap (UNI) community has decided to launch the cryptocurrency project on Binance’s blockchain, BNB Chain. The decentralized autonomous organization (DAO) of Uniswap voted 66% in favor of implementing the Ethereum (ETH)-based DEX onto the BNB Chain in a fresh proposal. Despite just 8.4% of the population voting, the statistics shows that […]
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Uniswap V3 Deployment to BNB Chain Approved Despite a16z Opposition
Deployment of Uniswap V3 by Majority Vote Adopted The Motion Is Adopted The deployment of Uniswap V3 (UNI) to BNB Chain (BNB) was opposed by Andreessen Horowitz (a16z), which used its 15 million votes on February 6; however, the proposal was accepted on February 10 with 65.89% of the vote in favor. According to the […]
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Uniswap DAO Votes in Favor of Major Change: Unveiling the Future of Decentralized Trading
Referendum on Uniswap Ends with a Majority Vote The referendum on the Uniswap DAO is over, and the results are in. A astounding 66% of the DAO delegates voted in favor of the modification that was implemented on Friday, according to the site that tallied the results. Important Players Comment on the Vote The motion […]
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BNB Chain Secured: Severe Vulnerability Fixed by Binance and Jump Capital Teams
Critical Vulnerability Successfully Addressed by BNB Core Team Changpeng “CZ” Zhao, the CEO of Binance, recently announced on Twitter that the BNB Core team had successfully resolved a critical vulnerability in the BNB chain. The Jump Capital security team discovered the security vulnerability and quickly fixed it. The Role of Jump Crypto in Binance’s Security […]
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Uniswap UNI Token Holders Approve Move to Binance BNB Chain: A16z and ConsenSys Cast Their Votes
Move to Binance Chain Approved by Uniswap Governance 80% of Uniswap’s UNI governance token owners have voted in favor of moving the decentralized exchange to the Binance Chain, an Ethereum rival. The Concern of A16z with the Proposal A venture investor from California named Andreessen Horowitz (a16z), who cast 15 million UNI votes against the […]
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Decentralized exchange contract exploit costs 550 BNB
A contract hack that allowed money transfers away from the platform recently resulted in the loss of at least 550 BNB (BNB) from an attack on the decentralized exchange (DEX) system known as CoW Swap. MevRefund, a blockchain surveyor, discovered the incident and noted that the money appeared to be moving away from the CoW […]
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CoW Swap’s DeFi Protocol Suffers Exploit Loss of $181,600
Loss in CoW Swap Due to Vulnerability in Smart Contract A recent smart contract vulnerability in the CoW Swap decentralized finance (DeFi) protocol led to a substantial loss of around 551 BNB, or $181,600. How the Attack Began A wallet address was allegedly introduced by the attacker to CoW Swap as a “solver,” enabling them […]