Category Archives: Solana News

Besides the Ethereum network, users can now deposit and withdraw USD Coin on Solana and Tron, according to a Twitter post by Bill King, Growth Marketing Lead. The support for these two networks is already live. Users can easily transfer funds to their account by navigating the Funding drop-down box and selecting the network and USDC they[Read more…]

Earlier Binance halted USDC and USDT deposits on Solana but as per a recent announcement, it has resumed deposits for the USDT (SOL) token. On Thursday morning, the world’s biggest exchange, Binance, announced that deposits of USD Coin (USDC) and Tether (USDT) on the Solana blockchain “have been temporarily suspended until further notice,” causing the SOL token[Read more…]

It’s been an exhausting week for every person even remotely involved with the cryptocurrency industry. The collapse of FTX and Alameda Research has brought with it what would normally be written off as “FUD,” or fear, uncertainty, and doubt. For the first time, it’s accepted as possibly worth listening to. Exchanges are scrambling to show[Read more…]

Over the years, Jump Crypto, the crypto-specific arm of Chicago-headquartered trading firm Jump Trading, has worked alongside some of the most prominent firms and individuals in the crypto space. However, it’s also been embroiled in its fair share number of high-profile controversies. Jump’s ties to FTX Jump and FTX go way back and the relationship[Read more…]

Binance has announced that it temporarily suspended deposits of the stablecoins USDC and USDT on the Solana blockchain “until further notice.” It has since reopened deposits for USDT on Solana. USDT and USDC, created and managed by the companies Tether and Circle, are stablecoins pegged to the U.S. dollar, which exist on a wide variety of blockchains, including Solana and Ethereum. Binance didn’t provide any[Read more…]

Former Goldman Sachs executive Raoul Pal says one of Ethereum’s (ETH) top rivals offers a big opportunity to investors after a price fall. In a new strategy session video, the macro guru tells his 52,800 Youtube subscribers that Solana (SOL) has a lot working in its favor to ignite an eventual bull run. Pal says that despite[Read more…]

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits, while Solana (SOL) price dropped. Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits. The development comes after recent suspension of USDC and USDT on Solana deposits and withdrawals by crypto.com. Crypto.com cited recent industry events for the[Read more…]

The fallout from the implosion of FTX is being felt across the crypto industry, with firms supposedly rescued by the exchange now being dragged under along with their erstwhile ‘savior,’ Sam Bankman-Fried. Whilst many of those hit hardest are centralized entities such as custodial exchanges and lending platforms, an entire blockchain ecosystem also looks to be in[Read more…]

In the early days of Solana, it was dubbed “Ethereum Killer.” Fast forward to today, and a lot of things have changed. But the battle for supremacy is still going on. Which of these two cryptocurrencies fares well when it comes to investing for the long-term? Well, let’s dive right in. Ethereum (ETH) As you know, Ethereum is[Read more…]

Binance suspended deposits of USD Coin (USDC) and tether (USDT) on the Solana blockchain in a blow to the 2 1/2-year-old blockchain. Hours later, the exchange resumed deposits of Solana-based USDT. The announcement from the largest crypto exchange by trading volume comes after rival OKX announced it will delist both USDC and USDT on Solana, as well[Read more…]