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BounceBit abandons its Layer 1 after 286.5M BB exploit – Why BNB Chain?

YZi Labs-backed BounceBit has announced plans to permanently cease its BounceBit Chain. Instead of repairing the network, BounceBit plans to redeem BB as a BEP-20 token on BNB Chain. This comes after a recent attack in which the wrongdoer misused a flaw in one of BounceBit Chain’s built-in protocol modules. This allowed the attacker to Continue reading "BounceBit abandons its Layer 1 after 286.5M BB exploit – Why BNB Chain?"

AMBCryptoAMBCryptoIshika Kumari22 Aug

Grayscale Names 3 Crypto Tokens That Could Gain From New SEC Rules

Grayscale says proposed SEC fundraising rules could benefit ETH, SOL and BNB by increasing token issuance, bringing more U.S. issuers and investors onchain and potentially driving value to the three native assets. Grayscale Identifies Three Potential Beneficiaries Public blockchain activity could expand under proposed U.S. fundraising rules, Grayscale Head of Research Zach Pandl wrote in […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms22 Aug