Blockchain development firm Enya said it has released a Layer 2 scaling solution called Boba Network on BNB Chain, aiming to scale applications on the blockchain.  The post Layer 2 solution Boba Network integrates with BNB Chain appeared first on The Block.

Layer 2 solution Boba Network integrates with BNB Chain

Binance coin rose to a five-month high on Monday, as cryptocurrency prices continued to trade higher. The token rose to its highest point since mid-May, extending recent gains in the process. Avalanche was also in the green, climbing to a six-week high during today's session.

Biggest Movers: BNB Rallies to 5-Month High on Monday

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding BNB Chain has been a stalwart in the DeFi ecosystem since its initial surge to prominence in 2021, maintaining a significant share of volume and TVL throughout a volatile year in crypto Much of its consistency can be attributed to the enduring popularity of the PancakeSwap DEX As the stablecoin landscape has started to evolve with the rising usage of BUSD on trading platforms, DeFi development on BNB Chain has started to become increasingly focused on enhancing stablecoin and BNB liquidity in the ecosystem

Layer by Layer: BNB Chain Holds Steady in Evolving Market Conditions

Binance CEO and co-founder Changpeng Zhao confirmed that the National Bank of the Republic of Kazakhstan (NBK) will integrate its central bank digital currency (CBDC), on the BNB Chain, the underlying blockchain of the Binance network. Binance had received approval to operate in Kazakhstan two weeks back and since then, the company officials met with Berik Sholpankulov, the First Deputy of the Governor of the NKB, and the Head of Payment and Technological Center Binur Zhalenov.

Binance CEO: This Country's Pilot CBDC Program Will Be Implemented On BNB Chain

The central bank of Kazakhstan intends to use Binance's blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country.

National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils

Binance Coin (BNB) price broke through the moving average lines as the altcoin reached the high of $292. The upward movement was interrupted at the recent high.

Binance Coin Retests $280 High but Declines to Resume Sideways Trend

Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020.

Most Crypto Scams on BNB Chain, Solidus Labs Says

Kazakhstan's central bank has agreed to trial BNB Chain for its digital currency, a Binance spokesperson told The Block. The post Kazakhstan's central bank to test BNB Chain for its digital currency appeared first on The Block.

Kazakhstan's central bank to test BNB Chain for its digital currency

Binance, the world's largest crypto exchange platform by volume, is launching a new oracle service on its BNB blockchain. In a new company blog post, Binance says that it will be launching oracle services in a push to boost the BNB Chain ecosystem and the broader digital asset space.

Crypto Exchange Binance To Launch New Oracle Service on BNB Chain, Citing Huge Opportunity

Crypto exchange Binance has released an oracle service called Binance Oracle, to link real-world data to blockchain applications. The post Binance releases oracle service on BNB Chain, rivaling Chainlink appeared first on The Block.

Binance releases oracle service on BNB Chain, rivaling Chainlink

The program will initially support 10 projects in the fourth quarter, with gas incentives up to 800 BNB a month in total.

BNB Chain Introduces $10M Fund to Incentivize Project Growth on the Blockchain

Bitcoin

A popular analyst says he has his radar locked on one altcoin that's flashing a lot of strength amid the crypto market doldrums. Michaël van de Poppe tells his 636,500 Twitter followers that crypto bulls should consider adding Binance Coin (BNB) to their portfolio. “Also, something to add in your portfolio: BNB.

Top Analyst Says One Altcoin Showing Tons of Strength With Bitcoin Breakout This Week ‘Almost Inevitable'

Binance Coin (BNB) price is still in a narrow trading range. Since the price collapse on October 10, BNB has been hovering between $260 and $280.

Binance Coin Consolidates but May Slide Down to $244 Low

Shiba Inu

At least 208 community members of Shiba Inu token (CRYPTO: SHIB) have signed a petition urging cryptocurrency exchange Binance to list the governance token of the SHIB ecosystem — Bone ShibaSwap (CRYPTO: BONE). What Happened: BONE allows the members of the SHIB community to vote on upcoming proposals.

Shiba Inu Army Clamors For Binance To List Bone ShibaSwap Token

An unknown attacker stole $1 million in Binance Coin (BNB) from BitKeep's Token Swap feature and transferred them to Tornado Cash.

BitKeep Hacker Moves $1M in Binance Coin Through Tornado Cash

Cryptocurrency trading platform Binance has completed the 21st quarter of its (CRYPTO: BNB) burn, depleting its supply of the tokens by almost $551 million. In a statement, Binance confirmed that it destroyed 2,065,152 BNB tokens in total.

Biggest BNB Burn Ever? Not Quite: Binance Destroys More Than 2M Tokens Worth $551M

The burn removed over 2 million BNB from the circulating supply.

Binance Burns as Many BNB Tokens as Hacker Minted From Thin Air

Binance Coin (BNB) price is in a downtrend and has moved down from the $300 resistance zone. Sellers broke below the moving average lines and reached the low of $256, while bulls bought the dips.

Binance Coin Falls To $256, Threatens Another Crash

Binance's smart contract-enabled blockchain, BNB Smart Chain, will undergo a hard fork as a fix for the vulnerability that drained the platform of an estimated $100 million on Oct. 6. In order to reenable the cross-chain, a GitHub article described the release for the mainnet and testnet as a "temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain.

Time For A Hard Fork: Following $100M Exploit, Binance Aims To Enhance Blockchain

The Moran hard fork seeks to amend several issues on the BNB Chain stemming from its $100 million hack last week.

BNB Chain Upgrade Restores Cross-Chain Transfers Following Binance Bridge Hack

BNB Chain has finished a hard fork upgrade called Moran following a large hack last Friday. The post BNB Chain executes hard fork to secure network after $100 million hack appeared first on The Block.

BNB Chain executes hard fork to secure network after $100 million hack

Patrick Hillmann, chief communications officer at crypto exchange Binance, joined “First Mover” to discuss last week's $100 million exploit and how validators prevented the worst-case scenario.

Binance Exec: BNB Smart Chain Hack Could Have Been Worse if Validators Hadn't ‘Sprung Into Action'

Key data In September, the average number of unique active wallets per day increased by 11.5%. Average number of BNB transactions per day increased by 1.2% in September. In September, average number of BSC blocks per day increased by 1.4%. Average BSC gas price decreased by 2.1%, compared to August.

September 2022 – Binance Smart Chain Analysis

Solana

Tron

Crypto analytics platform Santiment says many are bearish on Solana (SOL), Tron (TRX) and Binance Coin (BNB), which might signal a bottom is near. According to Santiment, heavy bearish sentiment is sometimes a signal for an imminent upswing in price.

Sentiment Heavily Bearish on Solana, Tron and One More Ethereum Rival, Says Analytics Firm – But There's a Catch

The BNB chain (CRYPTO: BNB), the native cryptocurrency that powers the Binance exchange, was operational after being suspended temporarily following a major exploit of around $100 million. According to the blockchain, network validators were "confirming their status" and upgrading community infrastructure.

News for BNB Crypto (BNB)