• BitThumb DeFi Binance Smart Chain
    Technology

    Crypto exchange Bithumb to support DeFi projects on the Binance Smart Chain blockchain

    The exchange plans to launch derivatives, staking, initial project announcements and user airdrops, and multi-regional marketing efforts on its competitor’s smart contract-enabled blockchain

    Binance seems to be hell-bent on making sure that its newest blockchain will see lots of decentralized app development—and most importantly—that it wins a healthy slice of the DeFi craze.

  • Binance Cloud enterprise offerings
    Technology

    Binance expands its Binance Cloud’s enterprise offerings

    Binance’s cloud service offering now also facilitates the development of decentralized finance products on Ethereum and the firm’s own Binance Smart Chain blockchain

    Binance Cloud now offers services for building decentralized finance (DeFi) products on the exchange’s Binance Smart Chain (BSC) and Ethereum blockchains. Furthermore, the offering now also includes perpetual futures and a direct link to payment providers, enabling partners to integrate third-party payment channels.

  • Binance recovers Wine Swap funds
    Cryptocurrencies

    Binance recovers Wine Swap exit scam’s proceeds

    The exchange identified and contacted the scammer the day after he stole more than $345,000, forcing him to return the funds

    A Binance spokesperson said on Nov. 4 that the exchange had recovered 99.9% of the funds stolen in the exit scam conducted by automated market maker Wine Swap. Wine Swap launched on the Binance Smart Chain (BSC) on Oct. 13 as an automated market maker platform. In under one hour after its launch, the developers stole over $345,000 in customer funds.

  • Binance funds DeFI
    Cryptocurrencies,  Technology

    Binance funds five more DeFi projects

    The top crypto exchange wants a slice of the DeFi cake on its Binance Smart Chain blockchain

    Binance announced that the five projects will be supported by its $100 million accelerator fund for DeFi projects that leverage its smart contract-enabled blockchain Binance Smart Chain (BSC). With the first six projects financed by the exchange earlier this month, the total number of projects that the firm plans to fund has reached 11.