Solana (SOL) is a cryptocurrency that runs on a fundamentally new blockchain that uses a unique consensus mechanism called Proof of History (PoH). Its name is translated as “history proof algorithm” and such a mechanism is based on adding timestamps to blocks. This allows you to determine exactly when an event or transaction occurred.
Until a few weeks ago, Solana (SOL) was one of the top performers among cryptocurrencies for the current year. However, recently the SOL price has experienced a roller coaster ride and collapsed. But what is really behind SOL’s recent price losses? We delve deeper into the current speculation and rumors surrounding FTX. In particular, we will shed light on…
Yesterday the first day of trial of the indictment against SBF began. The FTX founder pleaded not guilty in court. Authorities imposed further restrictions on him after funds were transferred from FTX Group wallets. Further negotiations will not take place until October. Charges against SBF: FTX founder pleads not guilty Sam Bankman-Fried (mostly SBF ) founded his trading company Alameda…
Solana founder Anatoly Yakovenko responds to crypto analyst Justin Bons’ allegations. In his opinion, the discussion about the points criticized has now been exhausted. Some of the criticisms are due to technical details. Solana does not manipulate transaction counts Crypto analyst Justin Bons criticized the Solana (SOL) cryptocurrency in a Twitter post . In his opinion, the project shines with fraud and manipulation,…
Fraud allegations against Solana are loud. A crypto analyst takes a sweeping attack against the highly scalable blockchain . Above all, he thinks SOL is a project full of lies and deception. What is his criticism about? Justin Bons alleges cheating against Solana The criticism comes from crypto analyst Justin Bons . According to his own statement, Bons founded the first European crypto…
Crypto wallets built into Opera give millions of users easy access to Web 3.0. Blockchain integration gives Opera users access to several thousand DApps on the Polygon and Solana networks. On March 30, Norwegian company Opera-Software announced that its namesake web browser has now added support for more blockchains/cryptocurrencies: they include Bitcoin, Polygon, Solana, Celo,…
The Solana network is again affected by network instability with subsequent outage – the second this year and the fourth in six months. The most recent incident occurred on April 21/22. January and lasted 30 hours. There have been many failed deposit and withdrawal attempts and the volatility of price data has resulted in unlawful liquidations. The grid failure is…
The cryptocurrency market has suffered a lot over the past week. Bitcoin slumped to a low of $ 45,000 – down from 58,000 a week ago. Ethereum, Solana, Binance Coin, Cardano and Polkadot have also depreciated. Now an altcoin is leading the charts with gains of 25%. Tezos has bucked the current market trend and rebounded quickly after hitting…
Cardano founder Charles Hoskinson has submitted a status report on the Cardano blockchain. He also explained in detail the new Cardano -based fundraising method using Initial Stake Pool Offering (ISPO). On a November 30 broadcast on Twitter, he denied the recent criticism that the network has been inactive. Cardano has seen a high level of developer activity,…
The neck-to-neck battle among Solana (SOL), Cardano (ADA), Ethereum (ETH), and Polkadot (DOT) continues because they have gained the upper hand in different crypto areas like decentralized finance (DeFi), non-fungible tokens (NFTs), and staking. Even if Ethereum takes the lion’s share in DeFi, Solana is the victor when it comes to staking with a value of $78.49…
Solana (SOL) becomes the third cryptocurrency, after Bitcoin and Ethereum, to be added on Bloomberg terminals as a standalone price tracker was developed by the media giant and Galaxy Digital. American digital currency service provider Galaxy Digital’s European head, Tim Grant, said that Bloomberg Terminal’s price tracker “Bloomberg Galaxy Solana Index” will allow people to start tracking Solana on its terminal, as…
The cryptocurrency market has experienced twists and turns in 2021, but this has not dampened its spirits to soar to new heights. This market’s capitalization is a stone’s throw away from the $3 trillion mark as it stands at $2.96 trillion. This upward momentum has been boosted as leading cryptocurrencies continue setting new all-time highs. For instance,…
It’s been the year of Ethereum killers, with Cardano, Solana, Polkadot, Avalanche and others hitting new highs and grabbing global headlines. But according to one analyst, one project that’s been overlooked and that could soar before the end of the year is Fantom (FTM). Coin Bureau looked at some of the bullish factors that make…
Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position. Despite Solana being founded in 2017, it has made significant strides this quarter because it recently hit an all-time high (ATH) price of $249. The fourth…
On Tuesday, October 12, most cryptocurrencies have weakened their prices as most are trading lower. Apart from Bitcoin, all other nine top cryptocurrencies are lower as of the time of writing at 09:00 Eastern Time. According to CoinMarketCap, Bitcoin is marginally up 1.77% currently trading at $57,546.41. The flagship cryptocurrency has surged its price to this level for the…
The decentralized finance (DeFi) sector took the world by storm in 2020 after its value grew by fourteen times. Its presence in the crypto space continues to be felt as its value continues to skyrocket. According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208 billion. Ethereum…
The week has begun with some recovery in the crypto markets a few days after China’s regulator intensified renewed crackdown. On Friday, September 24, China’s central bank announced that crypto trading and all related services, including Bitcoin mining, are illegal. It was a difficult day of trading in the crypto markets as a new bout of China-driven…
Digital assets manager Osprey Funds has announced a launch of the Osprey Polygon Trust, its fifth investment product of the year. Polygon trust product is available to accredited investors for subscription with a $10,000 minimum investment. The company plans to list the fund on the OTCQX over-the-counter market as soon as possible to remove fees on shares…
Last week, the Solana (SOL) network suffered a denial-of-service (DoS) attack lasting over 17 hours. Unfazed, institutional investors still indulged in SOL, with inflows just shy of $5 million recorded over the same period. The Solana Foundation attributed the issue to “resource exhaustion” following a flood of transactions reaching 400,000 TPS. The events leading up to the…