Altcoin News Official TheBitTimes.com

A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it. In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures. Binance’s announcement came on the same day as BANK’s official launch on the BNB Chain. News of the addition sent BANK flying as the digital asset went from a low of $0.03 on April 18th – its launch day – to a peak of $0.057 just a few hours later. The token has since retraced and is trading for $0.044 at time of writing, a 13% decline during the last 24 hours. BANK is a low-cap altcoin with a market cap of $18.85 million. According to Binance, BANK/Tether (USDT) perpetual contracts with up to 50x leverage are available as of April 18th. On its official website, Lorenzo Protocol says it allows users to stake Bitcoin to obtain staked liquid tokens, whi...

On 16 April 2025, the BNB Foundation announced the successful completion of its 31st quarterly BNB token burn, eliminating 1,579,207.72 BNB from circulation, valued at approximately $916.07 million at the time of the transaction. This initiative is part of BNB Chain’s long-term deflationary strategy aimed at reducing the total supply of BNB tokens to 100 million. $916,000,000 BNB burned. https://t.co/S1BINrc0Ya — CZ BNB (@cz_binance) April 16, 2025 Burn Mechanisms and Supply Reduction The BNB Auto-Burn mechanism determines the number of tokens to be burned each quarter based on BNB’s market price and the number of blocks produced on the BNB Smart Chain (BSC) during that period. This process operates independently of the Binance centralised exchange, ensuring transparency and predictability. CZ has burned over 60,000,000 $BNB since launch, That’s $37,000,000,000 in value removed from supply forever. The most aggressive deflationary model ...

The Simon’s Cat price surged 397% in the last 24 hours to trade at $0.00002274 as of 4.35 a.m. EST on trading volume that skyrocketed to $177.4 million. The token went live only yesterday, as announced in a post on X, only to see this massive price surge as a result of demand and hype surrounding the launch. Simon's Cat official token $CAT is live and now trading 😸 Contract Address: 0x6894CDe390a3f51155ea41Ed24a33A4827d3063D KuCoin: https://t.co/biKFnzeVZB Gate: https://t.co/MBshCDIlQW MEXC: https://t.co/tY6TOsAvky Pancakeswap: https://t.co/h8Ae8eJako Let's play on BNB 😼 pic.twitter.com/ekMFKlTFFz — Simon's Cat Token (@SimonsCatMeme) August 22, 2024 Soon after launch, it also saw listing on a number of major crypto exchanges, including KuCoin Futures, which launched Perpetual Contract $CATUSDT-M with up to 8x leverage. However, its primary listing was on BitMart, another highly popular exchange Other than that, the token went live on KuCoi...

According to a report by Hacken, almost half of the crypto hacks in 2023 occurred due to access control issues. The crypto market faced losses totaling $1.9 billion due to hacks in 2023, reflecting a significant 93.6% decline compared to 2022, primarily influenced by the Terra collapse, as per a research report from Hacken, a blockchain security auditor. Despite this decrease, analysts express concern about the dynamics of 2023, emphasizing the quantity and nature of incidents. While the scale of attacks may appear smaller than in 2022, Hacken highlighted a 14% increase in attacks over the past year, identifying access control issues as the most damaging vulnerability in 2023. “Unauthorized access to hot wallets by hackers or insiders accounted for half of all stolen funds, averaging $31 million per incident.” Hacken Other types of attacks, including rug pulls and flash loan attacks, still enriched hackers with hundreds of millions of dollars worth of crypto, as in...

Cyber fraudsters have discovered a new way to distribute virus software among users. According to research by Guardio Labs, attackers have begun manipulating BNB Smart Chain (BSC) smart contracts to hide malware and distribute malicious code. Analysts note that the attack involves compromising WordPress websites by injecting code that extracts partial payloads from blockchain contracts. Attackers hide useful data in BSC smart contracts, essentially serving as anonymous, free hosting platforms for them. You might also like: FTX hacker moves $4.2m worth of ETH after months of inactivity Experts point out that hackers can update codes and change attack methods at their discretion. The most recent attacks have come in fake browser updates, where victims are asked to update their browsers using a phony landing page and link. Source: Guardio As a result, this leads to complete site corruption through fake browser updates that distribute malware. With this attack, attacke...

PolyNetwork has allegedly been hacked again, according to PeckShield Inc., an on-chain data analytics and security company. The hackers appear to have made several transactions in huge assets on several chains. PolyNetwork assets have reportedly been hacked , and the perpetrators have added a huge number of assets to several chains.  Hi @PolyNetwork2 , you may want to take a look:https://t.co/cmbxAsFPGLhttps://t.co/4cqVV6EryK — PeckShield Inc. (@peckshield) July 2, 2023 On Heco, there is 999,8127T SHIB; Metis has received 99,99,184 BNB and 10 billion BUSD, while Polygon now has an additional 87,579,118 COW, and 999,999,434 OOE, 636,643,868 STACK, 88,640,563 GM and 2,175.0 53 03. Avalanche also appears to have received 82,854,568 XTM, 378,028,371 STACK, 11,026,341 SPAY and 89,383,712 GM and BSC, 926,160,132 DOV, 978,102,855 SLD, and 8,882,911 METIS. According to Metis, the newly minted BNB and BUSD on the platform, there is no available sell liquidity. Hence, the funds on...