China News by Thebittimes.Com

The global non-fungible token market is showing signs of a mild rally, marked by a slight increase in trading sales volume in some of the blockchain networks. BNB Chain, a renowned blockchain network from the Binance crypto exchange platform, is one of the blockchain networks that has seen increased trading sales volume in the non-fungible token market. In the past seven days, the BNB Chain has surpassed top NFT chains like Mythos Chain, Polygon, and the Solana network. BNB Overtakes Polygon In The NFT Market Chart Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 blockchain networks, shows that BNB Chain has recorded positive growth in the NFT market this week. In the past seven days, the BNB Chain-based NFTs have raised a trading sales volume of $22 million. BNB Chain has surpassed other top NFT blockchain networks such as Polygon, Mythos Ch...

BNB Chain has emerged as a powerhouse in the decentralized finance (DeFi) space, offering a robust and scalable platform that has attracted a wide array of DeFi projects. The chain’s low transaction fees and high throughput have made it an attractive alternative to other blockchain networks, enabling developers to create more efficient and user-friendly financial applications. The impact of DeFi on BNB Chain is significant. Projects like PancakeSwap, Venus, and Autofarm have become major players, contributing to the network’s growing liquidity and user base. These platforms have democratized access to financial services, offering decentralized exchanges (DEXs), lending protocols, and yield farming opportunities that are accessible to anyone with an internet connection. Moreover, BNB Chain’s thriving DeFi ecosystem has played a crucial role in advancing financial inclusion, particularly in regions where traditional banking services are limited. The network’s interoperability ...

A few hours back, BNB chain based DeFi protocol Ankr was exploited. The team took Twitter to confirm the same. Despite the exploit, the team clarified that none of the infrastructure services were affected. In fact, they also asserted that all the staking assets were safe. The team stated, “ Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading. All underlying assets on Ankr Staking are safe at this time, and all infrastructure services are unaffected. “ Other Details Per on-chain data, the attacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc). The said token, as such, is reward-enduring token for BNB staked on the protocol. Furthermore, the exploiter already exchanged more than 5 million USDC. Seems that @ankr got hack ed an hour ago! The exploiter minted 20T aBNBc and dumped it on #PancakeSwap. At present, the exploiter have successfully exchanged more than 5 million $USDC.https://t.co...