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DeFi hacks on Binance Smart Chain rise as TVL and volumes increase While Binance Smart Chain expands its footprint, hacks on DeFi protocols housed on the network increase hand in hand. 38191 Total views Follow up
Binance Smart Chain, or BSC, was launched in September 2020 as a parallel blockchain to Binance Chain. It enabled the creation of smart contracts and a staking mechanism for the native token of both blockchains, Binance Coin (BNB).
In its brief nine-month existence, there have been a lot of decentralized finance, or DeFi, projects built on it, but there have been numerous instances of hacks on the blockchain’s protocols as well.
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Bitcoin Price Fell Below $54,000 as $500 Million Worth of Liquidation Triggered in 60 Minutes
Mar 16 2021 · 11:23 UTC by John K. Kumi · 3 min read
Photo: Depositphotos
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Founders of Glassnode disclosed that there was an all-time high record of $500 million in Bitcoin getting liquidated.
The price of Bitcoin has taken its usual pullback soon after hitting an all-time high price of $61,000 on March 15. Many traders believe that this is a normal market behavior as after hitting around $58,000, the price of the digital asset took a nosedive to fall as low as $45,000.
In the most recent attempt to break the $61,000 resistance level, Bitcoin was highly betrayed by sellers forcing the asset to trade down the price curve before pushing a comeback to a current price of $56,000. Interestingly, it was disclosed that liquidations worth about $500 million were triggered on the various exchanges.