Business
Binance Coin: Building Bridges in the Crypto Space

Introduction to Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of the Binance platform, one of the world’s largest cryptocurrency exchanges. Launched in 2017 through an Initial Coin Offering (ICO), BNB was initially an ERC-20 token on the Ethereum blockchain before migrating to its own Binance Chain in April 2019. BNB is integral to the Binance ecosystem, used for transaction fees, staking, and as a utility token across various Binance services. For those interested in enhancing their investment knowledge, visit this resource link that offers valuable educational resources that can help individuals make informed decisions in the crypto space.
The Concept of Blockchain Interoperability
Blockchain interoperability refers to the ability of different blockchain networks to communicate and interact with each other. Traditionally, blockchains operate in silos, each with its own rules, protocols, and tokens, limiting their usability. Interoperability solutions aim to bridge these gaps, allowing seamless data and asset transfers between disparate blockchain networks. This is crucial for enhancing the functionality and adoption of blockchain technology across various use cases.
What Are Cross-Chain Bridges?
Cross-chain bridges are protocols designed to enable the transfer of data and assets between different blockchain networks. They work by locking tokens on the original blockchain and minting equivalent wrapped tokens on the target blockchain, ensuring interoperability without compromising security. There are two main types of cross-chain bridges:
- Trusted Bridges: Rely on a central entity or custodian to validate and manage transfers, such as the BitGo-managed Wrapped Bitcoin (wBTC).
- Trust-Minimized Bridges: Utilize smart contracts and algorithms to facilitate transfers, minimizing the need for trusted intermediaries.
Binance Bridge: A Key Player in Cross-Chain Solutions
The Binance Bridge is a prominent cross-chain bridging service that allows users to convert select cryptocurrencies into wrapped tokens on the Binance Smart Chain (BSC). It supports major assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, enhancing their interoperability within the BNB ecosystem. The process involves locking the original assets in a smart contract and issuing an equivalent amount of wrapped tokens on BSC, enabling seamless cross-chain transactions.
Recent Innovations and Investments
Binance Labs, the venture capital and incubation arm of Binance, has made significant investments to enhance cross-chain functionality. A notable investment is in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Rango facilitates easy transactions across various blockchain ecosystems, supporting over 60 blockchains, 70+ DEXes, and 20+ bridges. This investment aims to drive DeFi growth by improving interoperability and providing users with reliable cross-chain functionality (Binance).
Security and Risks of Cross-Chain Bridges
While cross-chain bridges offer numerous benefits, they also pose security risks. Smart contract vulnerabilities are a major concern, as demonstrated by high-profile hacks like the Ronin and Wormhole bridge exploits. In March 2022, the Ronin Bridge, associated with the play-to-earn game Axie Infinity, was hacked, resulting in the theft of over $600 million in ETH and USDC. Similarly, the Wormhole Bridge was hacked in February 2022, leading to a loss of approximately $325 million. These incidents highlight the importance of robust security measures and ongoing audits to mitigate risks associated with cross-chain bridges.
The Future of Cross-Chain Bridges with Binance Coin
Looking ahead, Binance aims to further enhance cross-chain interoperability and security. Future developments may include integrating additional blockchain networks and improving existing protocols to ensure seamless and secure transactions. Binance’s vision is to create a unified crypto space where assets and data can move freely across various blockchains, fostering innovation and broader adoption of blockchain technology.
Conclusion
Binance Coin plays a pivotal role in the crypto space, particularly in enhancing blockchain interoperability through cross-chain bridges. These bridges address the challenges of isolated blockchain networks, enabling seamless asset transfers and data communication. Despite the security risks, ongoing innovations and investments by Binance and other stakeholders are paving the way for a more interconnected and efficient blockchain ecosystem. As the technology continues to evolve, cross-chain bridges will likely become integral to the broader adoption and functionality of blockchain applications.
Business
Wales set to lead green energy revolution, says Secretary of State

Jo Stevens: Floating wind farms will bring jobs, prosperity and real change to Welsh communities
WALES is poised to take a leading role in the UK’s clean energy revolution, according to the Secretary of State for Wales, Jo Stevens.
Speaking after the announcement that Milford Haven, Port Talbot and Swansea have been shortlisted as integration ports for the Celtic Sea’s floating wind developments, Ms Stevens described the news as a “once-in-a-generation opportunity” to put Wales at the forefront of green energy innovation.

The UK Government-backed plans could generate up to 4.5 gigawatts of electricity—enough to power more than four million homes—while creating over 5,000 skilled jobs and attracting billions of pounds in investment.
‘A huge leap forward for Wales’
Ms Stevens said: “Floating wind technology is at the forefront of the green energy revolution, offering an exciting opportunity for Wales to lead the way in developing this innovative technology. This is an incredible leap forward for renewable energy and a major economic opportunity for south and west Wales.”

She emphasised that the benefits go beyond electricity generation, with ripple effects expected across construction, manufacturing, logistics and engineering.
“These are skilled, green jobs that will provide long-term, secure employment in an industry that is essential for our future,” she said. “I want these jobs to be in Wales.”
Hope for the next generation
Reflecting on a recent visit to Pembrokeshire, the Secretary of State highlighted conversations with young apprentices at Ledwood Engineering and Dragon LNG in Milford Haven.
“I met Libby and Albie, two apprentices inspired by the clean energy sector and keen to build their futures in their home communities. Their optimism shows how renewable energy can truly deliver for local people.”
From coal to clean energy
Ms Stevens also spoke about the long maritime heritage of Welsh ports and how this legacy positions Wales to become a leader in renewable energy.
“From exporting coal to driving tourism, Welsh ports have always played a vital role. Now they are ready to seize the golden opportunity to become powerhouses of clean energy and innovation. This week’s announcement shows we’re not just part of the plan—we’re leading it.”
She added that the UK Government’s “Plan for Change” would support this ambition by helping the UK become a clean energy superpower, while delivering meaningful improvements at a community level.
Delivering real change
Ms Stevens stressed that floating offshore wind is about more than infrastructure—it is about transforming lives.
“Through floating wind, we are tackling climate change, reducing our reliance on fossil fuels and putting more pounds in people’s pockets. The jobs and opportunities it creates will help lower energy bills and provide affordable, clean energy for generations to come.”
Pembrokeshire at the centre
Momentum is building around Pembrokeshire’s role in the sector. With backing from the Welsh Government and the Port of Milford Haven, work is already under way to prepare the region for its new role in green energy.
“Pembrokeshire can be at the heart of this,” Ms Stevens said. “From local job creation to major infrastructure investment, this is a once-in-a-generation chance to lead the way in clean, green growth.”
She concluded: “I am committed to making sure that this development brings lasting benefits to communities across Wales—from new career paths to lower household bills.”
Business
Little Haven garden shed holiday let scheme refused

PLANS to convert a garden shed to a holiday let at a Pembrokeshire seaside village with the highest rates of second homes and holiday lets in the county have been turned down.
In an application before Pembrokeshire Coast National Park, Shabnam Banihashem of 19a Wesley Road, Little Haven sought permission to convert a rear garden shed, already replace with a summerhouse, to holiday let accommodation.
Local community council The Havens had objected to the scheme, saying it has concerns over parking and highway access arrangements, and concerns about impact on Highway traffic safety-related matters.
The park’s building conservation officer had recommended the plans be refused despite it being a “relatively hidden and constricted site” with a likely low impact on the conservation area, saying there “is likely to be an impact on character due to extra traffic – and the potential for setting a worrying development”.
An officer report recommending refusal said: “The Authority has concerns in connection with the proposal due to the impact upon the residential amenity of the host dwelling, and its immediate neighbours, the impact upon the character of the Little Haven Conservation Area due to the potential for additional traffic, and due to the proposed summerhouse being unsuitable in terms of size for the use of holiday letting.
“Ordinarily, when a proposal would result in the creation of a single residential unit, a financial contribution towards the provision of off-site affordable housing would be required [in accordance with policy].
“However, in this particular case, the unit being proposed would not be suitable for long term residential use due to the limited size of the unit. As such, had the proposal been deemed acceptable, the Authority would have imposed a condition restricting the use of the unit to C6 – short term holiday let.
“Given that it would not have then been possible for the unit to benefit from current permitted development rights between C3, C5 and C6 uses, a commuted sum would not have been sought.
“Overall, it is considered that the proposed development would have an unacceptable impact upon residential amenity, and upon the character of the Little Haven Conservation Area.”
The application was refused on grounds including “introducing a significantly greater level of noise and disturbance than the current situation, to the detriment of the residential amenity of neighbouring properties,” and impact on the conservation area.
A previous national park report, based on the second homes council tax premium payable to Pembrokeshire County Council, has said nearly two-thirds of properties in Little Haven are either second homes or holiday lets.
For the main centres of settlements within the national park, second home rates, at the time of the 2023 report, were: Tenby 28.07 per cent, Saundersfoot 29.35 per cent, St Davids 20.86 per cent and Newport 30.6 per cent.
For smaller communities within the national park, some of the figures were even higher: Amroth 47.37 per cent, Broad Haven 36.58 per cent, Dale 39.47 per cent, Lawrenny 28.57 per cent, Marloes 29.66 per cent, Moylegrove 22.64 per cent, and Wisemans Bridge 35.71 per cent.
Topping the list, by a large margin, were: Nolton Haven 60 per cent, and 62.96 per cent Little Haven.
Business
Senior policymaker’s visit highlights Haven’s strategic role for UK energy

A VISIT by a senior UK Government figure last week saw industry leaders highlight the crucial role of the Milford Haven Waterway in delivering energy, supporting jobs, and driving economic growth across the UK.
The representative met with members of the Milford Haven Energy Cluster – a partnership of key local and national stakeholders – to discuss the region’s contribution to both current energy security and future net zero ambitions.
Milford Haven is the UK’s largest energy port and handles around 20% of the country’s energy needs. It is home to major infrastructure including LNG terminals, a refinery, and a gas-fired power station, and is at the forefront of developing new clean energy projects such as floating offshore wind, hydrogen, and carbon capture.
Industry leaders stressed the need for long-term investment in port infrastructure, grid connectivity, and workforce skills to ensure the region can meet its full potential in supporting the UK’s green energy transition.
A spokesperson for the Milford Haven Energy Cluster said: “We were pleased to showcase how Pembrokeshire is positioned to lead the UK’s clean energy future. The commitment and collaboration here is real – but we need the right policy frameworks and investment to unlock our potential.”
The Herald understands the visit was part of a broader series of stakeholder engagements by national policymakers and officials to assess the UK’s evolving energy landscape.
-
Business6 days ago
SpaceX eyes Milford Haven for new UK facility
-
Crime7 days ago
‘Yeah but no but’ insult to female officer lands Monkton man with court fine
-
Features7 days ago
‘We weren’t wild. We were unprotected’: A generation groomed and forgotten
-
Crime6 days ago
Leaked messages reveal shocking culture at HMP Parc amid misconduct probe
-
Crime7 days ago
Inquest reveals tragic consequences of inadequate medication in prison
-
News4 days ago
Wales faces deepening housing crisis as new figures show drop in home building
-
Crime7 days ago
Pub worker gets suspended sentence for failing to do unpaid work
-
Business6 days ago
Pembrokeshire Coast Path campsite near Neolithic burial chamber plans approved