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
To say that last week was exciting would be a serious understatement. Bitcoin went on to chart a brand new all-time high at around $67K, we saw the approval of the first-ever futures BTC ETF in the US, a massive flash-crash on BinanceUS, and a correction towards $60K. Let’s dive in. Starting with Bitcoin. The...Read More
The Solana NFT Marketplace has been officially launched, according to an Oct. 12 tweet from the FTX exchange. Any NFT pieces or collections on the new platform must be on the Solana blockchain; however, there are also plans to support Ethereum-based tokens, which are the industry standard. The FTX.US North American affiliate of the popular...Read More
One of the largest short-videos sharing platforms in India – Chingari – has successfully raised $19 million from investors such as Kraken, Alameda Capital, Galaxy Digital, and more. The company aims to launch its own token, enter the NFT world, and tap into the Solana blockchain. Chingari Raises $19M The press release shared with CryptoPotato...Read More
China’s ban has impacted the crypto space to a large extent and continue to do so. As the major cryptocurrencies are trying very hard to sustain above their respective resistance levels. Bitcoin price is heading strongly towards $44,000, while Ethereum price is making every effort to sustain above $3000. In the meantime, Solana(SOL) price also...Read More
The team behind Solana yesterday gave a detailed report on how its validators from all over the world rescued the network from an outage that lasted nearly 18 hours. IDO Bots Responsible for Solana’s Downtime According to the report, the network outage was a result of Grape Protocol’s IDO, which launched on the Raydium exchange...Read More
This week, even though tumultuous to some extent, was positive for the cryptocurrency market and Bitcoin, particularly in terms of prices. BTC managed to increase by about 2.5%, reclaiming an important level while doing so – $47.2K – an important confluence of technical indicators to consider. It’s still rather early to state it for sure,...Read More
SolRazr, a Solana-based venture platform offering a decentralized developer ecosystem, announced today that it is rolling out its launchpad next month for blockchain projects. SolRazr’s Launchpad Set to go Live As per the official announcement, the launchpad, which is scheduled to go live on October 4, 2021, will be used as a fundraising platform for...Read More
Solana’s network saw explosive growth this year, but it appears that it’s not just NFTs that are driving it higher. The total amount of USDC that circulates on Solana is now up to $2.5 billion. Data from the Solana explorer reveals that the current supply of USDC on the network is just shy of $2.5...Read More
Cyclos, a concentrated liquidity market maker, built on Solana, has announced that it has raised $2.1 million in a private and public funding round, which saw the participation of notable investors in the industry. Per a press release shared today with CryptoPotato, the investors involved in the just-concluded funding round include Huobi Ventures, CMS Holdings,...Read More
American songwriter, singer, and dancer Jason Derulo revealed today that he invested in crypto, particularly Solana (SOL) back in June and it has been a great ride. Jason Derulo’s Bet on Solana Paid Off Well Expressing his delight, Derulo tweeted saying “I betted on Solana in June. Wow, what a ride! #crypto.” While the celebrity...Read More
This week saw Bitcoin’s price surging past $50,000 on a few occasions, while altcoins have been charting double-digit gains all along. Let’s start with BTC. The primary cryptocurrency is up about 7% over the past seven days, and it’s currently sitting above the coveted $50K mark. However, it took it a few attempts to go...Read More
It was a compelling week in the cryptocurrency markets. It took bitcoin more than three months, but it finally did it this week – reaching the $50,000 price line for the first time since May. However, it also took less than 24 hours for the bears to get back in action and push it beneath...Read More
Luna Yield, a Solana-based cross-chain yield aggregator and decentralized exchange, might have rug- pulled after the official website and social media channels were taken down today, according to SolPad, Solona’s finance launchpad. Nearly $10M Stolen After Luna’s official website, Twitter, Telegram, and other channels were deleted, users feared that the team behind the protocol might...Read More
After weeks of prolonged consolidation and choppy sideways action in a very squeezed and narrow range, Bitcoin finally broke out. Fortunately, it was to the upside. Over the past week, BTC is up by a considerable 20%. At the time of this writing, it’s trading at around $39K, having pulled back slightly from the psychological...Read More
Saber, a cross-chain stablecoin and wrapped tokens exchange built on the Solana protocol, recently announced that it had raised $7.7 million in a just-concluded seed funding round led by Race Capital. Saber Secures Funding From Industry Investors Other venture capital firms that participated in the equity funding round include Jump Capital, Multicoin Capital, Chamath Palihapitiya’s...Read More
To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs. Solana Unveils Hackathon with Over $80k in Prizes In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3...Read More
21Shares AG, the Swiss-based issuer of cryptocurrency-oriented Exchange-Traded Products, continues with launching such ETPs in Europe. The latest will track the performance of Solana (SOL) and will go live on June 30th on the Swiss stock exchange. SOL ETP Coming to SIX Exchange The company, aiming to close the gap between institutional investors and regulated...Read More
The Solana Foundation has partnered with the large South Korean blockchain accelerator ROK Capital to launch a $20 million fund. It aims to develop the Solana blockchain ecosystem by enhancing various projects, including those related to DeFi, NFTs, and Web3. Solana and ROK Capital Launch a $20M Fund Founded in 2017, Solana is a web-scale...Read More
These are bullish times for Ethereum and its growing community. After all, why would anyone expect anything else? A week after the deposit contract was finally filled with a few hours to spare, the much-anticipated genesis block of the Ethereum 2.0 beacon chain was launched on 1 December. The said development came as a relief...Read More
