Solana’s Performance and Challenges in Q2 2023 Despite facing turbulence over the past six months, Solana remains a top-10 asset by market cap in the cryptocurrency sphere. Dubbed the “Ethereum killer” by some of its supporters, Solana has shown resilience in the face of challenges. Heading into 2023, SOL was trading around the $10-support zone,[Read more…]
Author Archives: SOLANA NEWS REPORT
17
Apr
Apr
Grayscale Launches Grayscale Solana Trust on OTC Markets Grayscale Investment, the world’s largest digital currency asset manager, has expanded its portfolio by launching Grayscale Solana Trust on OTC markets. The trust’s shares can now be traded under the symbol GSOL. Grayscale Solana Trust Now Trading on OTC Markets In a press release on April 17,[Read more…]
08
Apr
Apr
Robinhood To Pay $10.2 Million Fine for Trade Halt During Pandemic Robinhood To Pay $10.2 Million Fine for Trade Halt During Pandemic Robinhood, a leading fintech firm known for its cryptocurrency and stock trading platform, is facing fines of over $10 million as per the California Department of Financial Protection and Innovation. This comes after[Read more…]
08
Apr
Apr
Strong Momentum: LDO Registers Impressive 7% Weekly Gain, Indicating Potential for Continued Growth While top cryptocurrencies are trading in the red zone, with most giving up their past week’s gains, Lido DAO (LDO) has held on to its gains. The token maintains an over 7% price increase on the weekly chart, reflecting its resilience against[Read more…]
08
Apr
Apr
Solana’s NFT Ecosystem Faces Challenges but Introduces Affordable Minting with State Compression Technology Solana’s NFT ecosystem has experienced setbacks with the departure of two popular NFT collections, y00ts and DeGods, in 2023. While y00ts is in the process of migrating to the Polygon (MATIC) chain, DeGods is also moving to Ethereum (ETH) at press time.[Read more…]
08
Apr
Apr
Solana’s Head of Finance Falls Victim to $50 Crypto Scam Reports have surfaced revealing that Nivan Bhuta, the head of finance at Solana network, was scammed for approximately $50 USDC. This incident shines a spotlight on the growing problem of scams within the blockchain community, which can even affect high-ranking individuals like Bhuta. Impersonator Pretending[Read more…]
07
Apr
Apr
A Social Layer Solution for Bridge Security: Solana’s Yakovenko and Ethereum’s Buterin in Debate After what seemed like an eternity, Anatoly Yakovenko, co-founder of Solana Labs, and Vitalik Buterin, co-founder of Ethereum, have resumed their discussion on bridge security. In late May 2022, blockchain activists engaged in a dialogue on detecting and preventing fraudulent attempts[Read more…]
07
Apr
Apr
Solana’s NFT Landscape: Analyzing y00ts’ Migration and Impacts Solana’s NFT ecosystem recently experienced a significant event with the migration of one of its popular collections, y00ts, to Polygon. This move raised questions about the impact on Solana’s NFT space, but data suggests otherwise. Was Solana’s NFT Space Affected? Contrary to concerns, DappRadar data revealed that[Read more…]
07
Apr
Apr
The Solana Foundation Introduces Innovative Technology to Lower NFT Minting Costs The Solana Foundation Introduces Innovative Technology to Lower NFT Minting Costs The Solana Foundation has recently unveiled a groundbreaking technology that significantly reduces the cost of minting 1 million NFTs on the Solana blockchain. This new technology leverages state compression through Merkel trees, a[Read more…]
07
Apr
Apr
Solana Unveils State Compression: Revolutionizing On-Chain Storage Costs Layer-1 blockchain Solana has introduced a groundbreaking solution called state compression, aimed at significantly reducing the cost of on-chain storage. This technology has the potential to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the Solana network to nearly $110, making it a[Read more…]
