Binance, the world’s largest centralized crypto exchange by trading volume, is removing its name from Binance Smart Chain (BSC), in what appears to be an effort to strike a distance between Binance the exchange and company, and the blockchain ecosystem it created in September 2020. Going forward, the blockchain is named BNB Chain, which suggests…
In previous times, Bitcoin and Ethereum blockchains dominated the landscape as most of the transactions on the space occurred through either of them; however, data from BscScan, an analytical tool used to measure the numbers of transactions alongside other metrics on Binance Smart Chain (BSC) has shown that its daily transaction almost hit 15 million,…
In a document published on Tuesday, Orakuru announced that it will be undergoing its biggest upgrade yet, expanding its development and transitioning to a full-fledged decentralized autonomous organization (DAO). The Binance Smart Chain-based oracle protocol will be testing and then formalizing all of the development into its Whitepaper 2.0, with the changes set to be…
Decentralized finance, commonly known as DeFi, has continued its unabated growth in the crypto industry as one of the metrics used to measure its progress, total value locked (TVL), has reached a new all time high of above $250 billion. DeFi TVL now over $250 billion During Bitcoin’s green run in October, the TVL of…
With each passing day, the Non Fungible Token (NFT) sector is becoming a record-making niche of the crypto world where new ceilings are being shattered with almost every transaction. NFT sales rise by over 400% in 3 months Available information from the last three months has shown that the space has seen its sales rise…