The Solana Foundation’s Initiative to Track Carbon Emissions from Blockchain Carbon emissions from blockchain networks have become a hotly debated issue over the last few years. With a large network of servers and computers, they guzzle enormous amounts of electricity to execute transactions and mint new tokens. Bitcoin [BTC], for instance, emitted a whopping 54[Read more…]
Author Archives: SOLANA NEWS REPORT
24
Apr
Apr
The Recent Solana Price Analysis: A Bearish Trend The latest Solana price analysis indicates a high probability of an imminent downturn as the bears strengthen their position. The value of the coin has suddenly dropped to $21.27, signaling a strong bearish trend. This rejection of the coin is a bad sign for future market occurrences.[Read more…]
24
Apr
Apr
What Does the Future Hold for Solana in 2023? Solana has been one of the most volatile cryptocurrencies in the past six months. Despite this, it remains a top-10 asset by market cap in the crypto sphere. This indicates that investors and holders still trust Solana, which is sometimes called the “Ethereum killer” by some[Read more…]
21
Apr
Apr
Solana Sees Momentous Uptick in Development Activity in Preparation for Helium Transition Solana, a project with its own layer 1 network, has made history by opting to switch and be hosted on another layer 1 blockchain. The project has seen a significant increase in development activity in recent days, largely associated with preparations for the[Read more…]
21
Apr
Apr
Prominent NFT project Solana Monkey Business now owned by independent collective of holders Solana Monkey Business (SMB) is one of the most valuable and prominent Solana NFT collections, and the project has been steadily supported by MonkeDAO—an independent collective of SMB holders. And today, the DAO announced that following disputes with the creators and the[Read more…]
20
Apr
Apr
FTX-backed Startup Forced into ‘Cockroach Mode’ after Funds Vanish within 6 Weeks Armani Ferrante, the former Alameda Research engineer and founder of Coral, had just raised $20 million from FTX and others when the exchange started imploding. Ferrante and his co-founder were on a flight from Lisbon when they were trying desperately to figure out[Read more…]
20
Apr
Apr
Revolutionizing Decentralized Wireless Networks: Helium’s Migration to Solana Blockchain Helium has successfully migrated to Solana blockchain after over a year of planning and development, ushering in a new era of reliability and scalability for decentralized wireless networks. This upgrade establishes a new era of scalability, expansion, and reliability for the world’s largest decentralized wireless network.[Read more…]
20
Apr
Apr
Solana: A Promising Crypto on the Rise It’s been an exciting time in the cryptocurrency market, with Bitcoin (BTC) continuing its upward trend. The general trend has helped SOL too, with Solana’s bulls urging the crypto on. The altcoin found some support around the $20-level last week, with the bulls briefly pushing it above the[Read more…]
20
Apr
Apr
Helium Successfully Completes Migration to Solana Network Helium, one of the original projects of the blockchain industry, has announced that it has successfully completed its transition to the Solana network as of today. Crypto-based wireless network project Helium has completely separated from its layer-1 network after a long process. In a statement today, officials emphasized[Read more…]
20
Apr
Apr
New York Regulator Disagrees with SEC’s Crypto Link to Signature Bank’s Collapse The recent collapse of Signature Bank in March has raised concerns over the relationship between cryptocurrencies and banking institutions. While SEC Chair Gary Gensler’s remarks on the matter have garnered criticism, the New York State Department of Financial Services (NYDFS) has stepped in[Read more…]
