The Latest Solana Price Movement The price of Solana’s native cryptocurrency, SOL, experienced a drop of over 4% on April 17, falling below $24.50, despite reaching a two-month high of $26 earlier in the day. This decline in SOL’s price followed similar price movements in other top-ranking cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which[Read more…]
Category Archives: Solana News
17
Apr
Apr
The Markets for Bitcoin and Ethereum The markets for Bitcoin and Ethereum, the two largest cryptocurrencies took a breather over the weekend and remained largely flat following Bitcoin’s climb to reach US$30,000 last week and the dust surrounding Ethereum’s Shapella upgrade settles. BTC is trading just under the $30K at time of writing, while Ethereum[Read more…]
17
Apr
Apr
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…]
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 Unveils Groundbreaking NFT Feature: State Compression Solana, a prominent player in the crypto community, has announced a game-changing NFT feature that is poised to disrupt the NFT and Web3 market. The feature, called “State Compression,” is designed to reduce the cost of minting NFTs, addressing previous concerns about the network’s inconsistency and breakdowns. Jon[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
Venn Oputa: Carving Out a Place for African History on the Blockchain Venn Oputa, an ideator and co-founder of Afrobubble, is passionate about showcasing the rich history of Africa using the power of blockchain technology. As the creator of one of Africa’s first NFT collections, which aims to immortalize the legendary Queen Amina, Oputa recently[Read more…]
