Tag: PancakeSwap

Phishing attack uses PancakeSwap and Cream domains to steal money

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Two decentralized finance projects are reportedly being targeted by a DNS spoofing attack. According to reports from Monday morning U.S. time, PancakeSwap and Cream Finance, two projects deployed on Binance Smart Chain, are phishing users into entering their private key on the website. Cream Finance is inaccessible as of the time of writing, but PancakeSwap still loads correctly and showcases the phishing attempt. Upon trying to connect MetaMask, the page loads a fake window requesting the user to input their private key. This also happens on browsers like Safari, where MetaMask is…

NewsCrypto Is Next Project Listed on PancakeSwap

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With the NewsCrypto Coin (NWC) token now being launched on PancakeSwap, users are able to benefit from its impressive liquidity and range of additional features – providing even more utility to NWC holders.  Cryptocurrency trading education, analytics, and social prediction platform NewsCrypto is set to become one of the first cross-chain cryptocurrencies added to PancakeSwap – the leading decentralized exchange on Binance Smart Chain. As a platform designed to make cryptocurrency trading more approachable and profitable for traders, NewsCrypto offers a huge variety of tools, insights, and features to help…

PancakeSwap becomes the first billion-dollar project on Binance Smart Chain

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PancakeSwap (CAKE) has emerged as a rising star in the decentralized finance (DeFi) sector with the recent surge in price helping the food-themed token become the first billion-dollar project on the Binance Smart Chain (BSC). Data from Cointelegraph Markets and Tradingview shows that the price of CAKE has risen 520% since reaching a low of $1.89 on Feb. 3 to establish a new all-time high of $11.12 on Feb. 17. This propelled its total market cap above $1 billion for the first time. CAKE/BUSD 4-hour chart. Source: TradingView As DeFi…

PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M

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Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is quite similar to Uniswap’s liquidy pools which are automated by smart contracts. In addition to its traditional functions, PancakeSwap offers staking for its liquidity providers. There’s also a lottery for users holding 10 or…