Category Archives: Solana News

CryptoSlate Daily wMarket Update – Nov. 18-20: TRON ousts Solana from top 10 rankings

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays Over the reporting period, the cryptocurrency market cap saw net outflows of $31.56 billion to $796.6 billion, down 3.8% from $828.16. Bitcoin’s market cap decreased by 4% to $308.8 billion from $322 billion.[Read more…]

Helium founder races cars while the crypto startup is on collision course

It’s been a difficult year for crypto project Helium Network and its founder, Amir Haleem. Initially lauded as a competent startup and internet-of-things darling, it floundered this summer when it was revealed that some advertised big-name ‘partners’ — including Salesforce and Lime — weren’t actually in business with the firm. Things have only gotten worse. In September,[Read more…]

‘Boring’ Litecoin makes play for top 10 amid market meltdown

Litecoin has been climbing the crypto market cap ranking and currently stands at rank 15 with a market cap of  as of press time. Meanwhile, the shake-up sees Solana move in the other direction, sliding from its top 10 position at the end of October to place behind Litecoin at 16th. On Oct 30, Litecoin was[Read more…]

Assessing the Top-Performing Layer-1 Blockchain Protocols

Crypto technology has made incredible advancements over the past few years, and now the blockchain protocol industry is extremely competitive. As gains have been made with speed, scaling, and power consumption, the promise of Web3 and the growth of a blockchain-based internet are beginning to redefine possibilities in tech. With Bitcoin, blockchain technology was first[Read more…]

Grayscale and MicroStrategy struggles hint at hard times for crypto

As of November 5, when Binance chief Changpeng Zhao (CZ) announced that the company will divest from its FTX investment by dumping FTT tokens, the crypto market collapsed.  Indeed, bitcoin has taken a 25% dive and many altcoins fared even worse with FTX-backed Solana spiraling 65%. The question now on everyone’s mind: is more pain in store for crypto markets?[Read more…]

Litecoin Continues To Show Strength, Overtakes Solana In Market Cap

Litecoin’s continued strength in recent days has seen the coin become the 15th largest crypto by market cap, unseating Solana from the spot. Litecoin Observes Strong Week, Gains Over 9% During The Period The last couple of weeks have been terrible for most of the crypto market, as the crash triggered by FTX’s collapse has[Read more…]

Solana (SOL) Founder Unveils Big Blockchain Update: Details

Anatoly Yakovenko, co-founder of Solana Labs, which is responsible for developing the blockchain with the same name, urged all validators to update to the latest version of the node, 1.13.5. According to Yakovenko, the update should fix all Solana network outages caused by UDP-based protocols’ overloads. Previously, this problem had caused prolonged shutdowns of the Solana[Read more…]

Solana NFT Protocol Metaplex announces layoffs after FTX’s collapse

Stephen Hess, Co-founder and Chief Executive Officer (CEO) of the Solana NFT protocol Metaplex, has announced that it is laying off several individuals in the wake of FTX’s collapse. Hess added that Metaplex, the base layer of the Solana NFT ecosystem, is required to let go of its employees, even though its treasury isn’t directly impacted by[Read more…]

Solana NFT Protocol Metaplex Undergoes Company-Wide Layoffs After FTX Disaster

The Solana ecosystem continues to take the hardest of hits following the implosion of FTX which used to be one of the world’s largest cryptocurrency exchange platforms. Its native token, SOL, gravely suffers as the altcoin has already lost 62% of its value over the last two weeks. According to tracking from Coingecko, the crypto asset which now[Read more…]

FTX Crisis: Ren Left With $160K In Funding To Survive

Crypto project Ren seems to be in danger of not having enough funds for its development following the FTX crisis in the crypto market. The crypto project Ren seems to be in a state of limbo for not having enough funds for its development following the FTX crisis. Alameda Research, FTX’s trading arm, was funding Ren’s development[Read more…]