DeFI News by Thebittimes.Com

Shiba Inu adoption continues to grow. Right from top companies accepting SHIB payments to the macro-rise in the number of token HODLers, everything seems to be aligned for Shiba Inu. In fact, the latest development is suggestive of the same. On Tuesday, Binance announced that it has added Shiba Inu to the list of supported cryptocurrencies on Binance Pay. Apart from the #13th ranked crypto, support was extended to a bunch of other tokens as well. Chalking out the same, the official post noted, Binance has added ALPINE, APE, BIDR, BNX, BSW, CAKE, COTI, GALA, HIGH, PORTO, SANTOS, SFP, SHIB, USDT, and XNO to the list of supported cryptocurrencies on Binance Pay. Using Binance Pay, users can send and receive cryptos from mobile devices via email, phone number, Binance ID (UID), or Pay ID without incurring gas fees. Binance Pay now supports more than 70 cryptocurrencies that include the likes of large-cap tokens like Ethereum, Cardano, and Dogecoin. A host of merchants w...

Source: Adobe BNB Chain, the native blockchain behind the Binance crypto exchange, has come back online after being suspended due to an exploit that drained around $600 million in crypto assets .  On October 6, Binance announced the  suspension&nbsp ;of deposits and withdrawals from its BNB chain after it identified that a hacker transferred approximately 2 million BNB tokens, worth around $590 million, to a now-blacklisted wallet. In a Reddit post, the Binance team said an exploit of the cross-chain bridge BSC Token Hub resulted in extra BNB, adding that they asked validators to temporarily suspend BNB Smart Chain (BSC).  "The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly. The Community has already played a pivotal role in assisting and helping freeze any transfers. All funds are safe," the report read. Shortly after the suspension, the blockchain reported that ...