Author Archives: theblock.co

The price of Solana and FTT might end up being the most important data points for the trajectory of the crypto market this week, according to B2C2.  In a note published Monday, the market maker joined a chorus of firms raising questions in the wake of the clash between Binance’s Changpeng “CZ” Zhao and FTX’s[Read more…]

A new Solana scaling protocol named Layer N that could quicken DeFi derivatives and on-chain social networks has come out of a stealth development phase ahead of a mainnet launch expected next year.  Similar to Ethereum’s multichain scaling architecture, Layer N builds on top of Solana with the goal of increasing scalability and will be working[Read more…]

V-Art’s new tool, called the V-Art Protocol, is aimed to help protect IP rights and improve NFT project licensing and will go live on Nov. 2, the blockchain-based digital content monetization platform said. Projects can verify, protect and manage their IP rights on NEAR and Ethereum blockchains, and V-Art aims to add Aurora and Polygon this year and Solana[Read more…]

Solend, a Solana-based lending protocol, reported a market manipulation attack that resulted in $1.26 million of bad debt for the protocol. The incident occurred on Wednesday, as noted by security firm PeckShield.  Solend runs a decentralized lending system that allows users to borrow and earn interest on crypto assets with the help of lending pools. The platform acknowledged[Read more…]

More than 1,000 Solana validators currently are offline causing more than one-fifth of the Solana stake that secures the network to be delinquent The downtime is because Hetzner, a cloud service provider, has blocked all Solana network activity on its servers. Data from the RockawayX infrastructure dashboard show the Solana network delinquent stake ratio at 22% —[Read more…]

Crypto prices continue to trend higher today as crypto earnings take center stage this week.  Bitcoin was trading at $20,727 on Coinbase, down roughly 0.1% in the past 24 hours, according to exchange data. Meanwhile, ether gained 1% in the same period as Ethereum’s native coin traded at $1,620. ETHUSD chart by TradingView Altcoins also ticked higher on[Read more…]

Serum, a decentralized exchange on the Solana network, is currently mulling a proposal that will change the governance structure for the project. Solana and Serum developers TDM Blockchain developed the proposal and filed its recommendations to the Serum DAO forum on Thursday. If passed, this will result in the creation of a new community token for the Serum DAO.[Read more…]

Martian, a crypto wallet for the recently launched Aptos blockchain, has closed a $3 million pre-seed round led by Race Capital.  Other backers include FTX Ventures, Superscrypt, Jump Capital and Aptos itself, according to a company release. It didn’t give any information on Martian’s valuation. Martian is a web3 wallet that helps users manage their crypto[Read more…]

Decentralized Engineering Corporation (DEC), a software development company, has raised $9 million to decentralize ridesharing.  Foundation Capital and Road Capital co-led DEC’s seed round. Other investors include 6th Man Ventures and Common Metal as well as prominent angel investors such as Uber’s former general manager for New York Josh Mohrer, founder of Flexport Ryan Petersen and former[Read more…]

Two Solana-based decentralized finance (DeFi) protocols, Tulip and UXD, have recovered tokens from Mango Markets, a lending protocol that recently suffered a major exploit. This has enabled both projects to start reopening their services, giving confidence back to the Solana DeFi scene. The projects were affected when Mango Markets suffered a price manipulation attack and[Read more…]