Author Archives: SOLANA NEWS REPORT

Delisting Effective June 27, 2023 According to Robinhood’s official announcement, the platform will no longer provide exposure to these three crypto assets as of June 27, 2023. This decision urges users to sell or transfer their holdings before the specified deadline. Cardano, MATIC, and Solana Delisted Crypto Slate reported that this move was taken after[Read more…]

Following the SEC’s recent lawsuits against major crypto exchanges, trading platform Robinhood has announced its decision to discontinue support for cryptocurrencies Cardano, Polygon, and Solana from June 27, underscoring the growing regulatory pressures within the crypto industry. Announcement of Discontinuation In a recent development, Robinhood has announced that it will cease supporting Cardano (ADA), Polygon[Read more…]

Solana: A Potential Competitor to Ethereum Solana, initially introduced as a potential competitor to Ethereum, garnered significant attention in the cryptocurrency industry as a promising blockchain platform. However, the platform’s association with the now-bankrupt cryptocurrency exchange, FTX, and network shutdowns in 2022 impacted investor confidence, subsequently influencing the price of its native token, SOL. Solana[Read more…]

ChatGPT: A Rising AI Phenomenon ChatGPT has gained significant prominence due to its rapid rise, and leading companies worldwide have capitalized on its capabilities. The progress of Artificial Intelligence (AI) extends across various major industries, showcasing its broad applicability. The decision by Solana to integrate ChatGPT into its ecosystem highlights the wide range of utilities[Read more…]

The Solana Foundation’s Stance on SOL Token as a Security The native token of the Solana blockchain, SOL, was alleged to be an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase. The Solana Foundation is disputing the U.S. Security and Exchange Commission’s (SEC) classification of its SOL token as an[Read more…]

Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 non-fungible tokens (NFTs) across the Ethereum, Solana, and Polygon blockchains. The company launched a public beta version of its NFT platform in November. Initially, it offered support for a curated selection of 70 NFT collections on Ethereum and Solana.[Read more…]

If you’re playing the first-person shooter game Ev.io, you might notice new collectibles If you’re playing the first-person shooter game Ev.io, then you might notice something new among the enemy-packed corridors: collectibles featuring the logo of Solana’s BONK meme token. And it’s not just decor: Picking it up will earn you millions of BONK tokens—but[Read more…]

Solana’s NFT Market Experiences Significant Drop in May Solana’s secondary non-fungible token (NFT) sales witnessed a notable decline of nearly 50% in May, falling from US$85.7 million in April to US$44.9 million. The Forkast SOL NFT Composite, a metric that measures NFT activities on the Solana blockchain, also decreased by 12.13% during the same period.[Read more…]

One of the biggest selling points of Solana’s ecosystem One of the biggest selling points of Solana’s ecosystem is its low cost of utility for NFTs, especially when compared to its gas guzzling rival, Ethereum. Development funding on Solana But even on the svelte blockchain platform, development still requires funding. In an effort to cover[Read more…]

Solana Blockchain and Avorak AI Collaboration: Beta Testing Invitation Solana: Empowering High-Performance Decentralized Applications Solana, founded in 2017 by Anatoly Yakovenko, is a high-performance and unrestricted blockchain designed to deliver speedy, expandable, and secure decentralized applications (dApps) and digital currencies. Its unique approach to the scalability trilemma, balancing decentralization, security, and scalability in blockchain technology,[Read more…]