Crypto network fees and revenue are good indicators of the state of markets. In bull markets, demand is high, and fees and revenue increase, however, the opposite occurs when the bears have control of things. Around half a year into the current bear market cycle, many crypto network revenues have fallen lower than the asset...Read More
Chainlink – a blockchain oracle platform – recently announced that its price feed technology has been launched on the Solana network. This information will help Solana defi developers use live price information for various financial services. The oracle platform has announced that seven price feeds will be made available for Solana developers. These include BTC/USD,...Read More
The Solana network is once again experiencing technical difficulties, causing the blockchain to halt block production and transaction processing. After multiple hours, the team has identified the problem and is coordinating a network restart among validators. According to the Solana blockchain explorer Solana Beach, a transaction has not been processed on Solana for 6 hours...Read More
With the recent cryptocurrency market crash, where the price of most major coins like Bitcoin, Ethereum, BNB, XRP, and Solana has been down between 12-18% in the past week, is this the ultimate buying opportunity for those brave enough to buy the dip? Let’s look at why the price is crashing and whether this could...Read More
One of the popular Solana wallets, Phantom, announced the official launch of its app on Android. The latest development follows the previous launch of its iOS mobile app earlier in 2022. In a tweet thread on Monday (April 18, 2022), Phantom revealed that users can now download its mobile app from the Google play store....Read More
Binance said that it was aware of the current issues regarding withdrawals on the Solana network and has halted withdrawals for the time being. The platform revealed that it was working with the project team to resolve the issues. No other details have been divulged at the time of writing. Binance tweeted, “SOL withdrawals may...Read More
PayMaya – one of the leading digital financial services platforms in the Philippines – rolled out a cryptocurrency feature on its app, allowing customers to deal with bitcoin and altcoins. The initiative aims to educate locals about the merits of the asset class and grant them access to it. PayMaya Enters the World of Crypto...Read More
WisdomTree, a New York-based exchange-traded fund (ETF) sponsor and asset management firm, announced this week the launch of three new crypto ETPs. They will track the performance of Solana (SOL), Cardano (ADA), and Polkadot (DOT). WisdomTree Launches New Crypto ETPs According to the official announcement, the new ETPs dubbed WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW),...Read More
The leading digital marketplace for non-fungible tokens – OpenSea – announced it will start listing NFTs minted on the Solana blockchain. The development will see the light of day in April. OpenSea disclosed the news in a recent post on Twitter. The video, dubbed “The best-kept secret in web3,” shows enthusiastic users who believe Solana’s...Read More
The anonymous hacker behind the theft of over $50 million from the Solana-based stablecoin protocol Cashio has set some conditions for returning the stolen funds to affected users. The Cashio hacker has set forth conditions for returning funds stolen from the decentralized platform. Data from Etherscan shows someone in control of the wallet linked to...Read More
About $50 million has been robbed from a Solana-native stablecoin protocol using a ‘fake account’ exploit. This apparently allowed the hacker to mint an unlimited amount of CASH, which the team behind the stablecoin has confessed to. As explained by samczun of Paradigm on Twitter, CashioApp requires users to deposit collateral in order to mint...Read More
Silicon Valley venture capital firm, Sequoia is betting big on the leading Solana NFT marketplace – Market Eden. OpenSea happens to be the leader in the NFT space, however, its dominance appears to be dwindling. There are now newer platforms backed by some of the biggest investors that may have been contributing to this trend....Read More
The first-ever memecoin Dogecoin and Solana joined the list of cryptocurrencies that people can donate to the Ukrainian government. Until now, the nation received contributions in Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and Tether (USDT). Mykhailo Fedorov – Vice PM and Minister of Digital Transformation of Ukraine – revealed that people could now support the...Read More
The multi-day music and arts festival held in California – Coachella – partnered with the crypto exchange FTX to introduce non-fungible token (NFT) collections to fans. The digital collectibles are built on the Solana network. NFTs for The Music Fans The Coachella Valley Music & Arts Festival, postponed in 2020 and 2021 due to the...Read More
Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. Hackers managed to take control of 120,000 wrapped Ether worth $320 million. The breach impacted all users that held Ethereum tokens (wETH)...Read More
A Solana bridge called Wormhole has been exploited for as much as $320 million according to reports emerging on Feb. 3. The team posted a notice that the bridge had been hacked losing 120,000 wrapped ETH valued at around $320 million at the time. It added that ETH will be added to ensure the wrapped...Read More
On Feb. 1, Solana Labs announced the launch of Solana Pay in a joint collaboration Circle, Checkout.com, Citcon, Phantom, FTX, and Slope. The announcement stated that the premise behind the new service is that the actual payment and its underlying technology “goes from being a necessary service utility to true peer-to-peer communication channel between the...Read More
Solana ecosystem wallet, Phantom, has recently raised $109 million in a Series B funding round led by the crypto venture capital firm, Paradigm. Phantom Hits $1.2 Billion Valuation With the latest cash injection, Phantom has now attained the status of a crypto unicorn firm, as the funding brings its market value to $1.2 billion. In...Read More
Despite the multiple outages that the Solana network suffered in recent months, FTX CEO Sam Bankman-Fried (SBF) believes the high-performance blockchain is still better than other networks in the industry. The latest Solana network outage happened on Friday and lasted for more than 48 hours, causing DeFi users who borrowed funds from lending platforms to...Read More
While the crypto market was bleeding heavily on Friday, Solana experienced another network hiccup that caused panic among traders and DeFi users across the crypto community. 48-hour Solana Network Outage The Solana network has suffered multiple issues within the last few months, and this current incident is the second in January. But unlike other occasions, the...Read More
Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the...Read More
Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant...Read More
It has been a tough week for Solana users. The network performance has slowed down massively. It was first reported on the Solana community’s Telegram group, and many speculated on another DDoS attack by hackers. However, it is due to increased high compute transactions. Solana’s Continued “Degraded Performance” Conversations surrounding Solana’s network issues have been...Read More
Solana’s blockchain reportedly suffered another DDoS attack earlier today, but the network seems to be back in good standing as of now. This appears to be the third similar incident in the past several months. Solana’s Tryst With DDoS According to the prominent Chinese journalist Colin Wu, Solana went down on January 4th. The attacker...Read More
After last month’s crypto and NFT boom, cryptocurrency markets continue to show bullish momentum. With the global cryptocurrency market cap at $2.6 trillion, it’s clear that crypto is here to stay. In this article, we take a look at the top 5 cryptocurrencies that gained the most price this week, ordered by 7-day price gain,...Read More
Grayscale Investments, the digital asset manager with over $50B in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust. The company’s press release, dated November 30th, explained that the new Trust will “solely and passively” invest in SOL – the native cryptocurrency of the popular blockchain project, Solana. The product...Read More
Solana has emerged as a viable alternative to a host of blockchains. In fact, the network is not only efficient when it comes to conducting transactions but is also greener than web browsing giant Google, at least according to a recent report. At a time when the carbon footprint of Proof-of-Work (PoW) based assets has...Read More
Most of the altcoins are still within the impact of the previous day plunge. The top 10 crypto assets are dropping with significant numbers. Solana, Litecoin and Binance Coin prices scrambled to the lower levels manifesting a bearish trend. Despite the global market capitalization having incurred a loss of 1.42%, yet the current dip may...Read More
During the ongoing Solana Breakpoint conference in Lisboa, Ohanian said he wants to participate in the development of a decentralized social media based on the Solana blockchain, which is the reason behind the multi-million dollar investment. The American Internet entrepreneur, arguably best known for his role of co-founding Reddit, outlined his plans at the Breakpoint...Read More
SolFlare, the popular wallet built for the Solana blockchain, has launched Android and iOS mobile versions. Aside from buying, selling, and storing SOL and Solana-based tokens, users will also be able to stake them through the app version. SolFlare’s Mobile SOL Wallet Arrives The press release shared with CryptoPotato explained that the newly-launched mobile version...Read More
