Category Archives: Solana News

Bitcoin, Ethereum price prediction: BTC and ETH prices are witnessing a minor correction to stabilize their prior gains. However, this pullback has caused a significant downfall in several cryptocurrencies, offering a dip opportunity.  The global crypto market stood at $1.03 Trillion at 10:24 am EST Monday, down 2.73% from yesterday. Moreover, the total crypto market volume has[Read more…]

A blockchain-betting exchange BetDEX is going live on Solana mainnet on November 17, the first day of the FIFA World Cup Qatar 2022. The platform aims to take real-money soccer bets as the first blockchain-based sports betting exchange with a proper license. For the duration of the launch, BetDEX will not impose any fees on bets made on[Read more…]

The issuer of USD Coin (USDC) and Euro Coin, Circle, a global digital financial technology company, announced plans to expand native support for Euro Coin and access to their new cross-chain infrastructure and Cross-Chain Transfer guidelines, on Solana in the first half of 2023. The statement is the first of several planned pledges by the corporation to[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…]

Market chatter from on-chain researchers involved with Solana and Ethereum blockchains suggests that FTX might be benefiting from funds that have moved out of the Wormhole protocol within the last few days. Wormhole is a popular Ethereum-Solana bridge championed by Jump Crypto and Sam FTX’s Bankman-Fried. The current rumors are frothy given the high level[Read more…]

Top executives at Solana urged affected validators to move their operations to a crypto-friendly cloud service provider. Cloud service provider Hetzner has stopped providing its services to Solana (SOL) validators, according to a screenshot shared by stake pool operator SolBlaze on Nov. 2. Hetzner requested the unnamed validator to remove all Solana-related activities on their[Read more…]

Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. The move has made MATIC one of the best-performing digital assets in the last 24 hours, rising by over 10% to $0.95. Meta turning Instagram into an NFT marketplace According to the[Read more…]

Social media platforms Instagram and Facebook have announced support for native Solana wallets. The move expands nonfungible token (NFT) compatibility across the networks. This caused the SOL price to bounce back by 4%. On Nov. 3, Solana announced that the two social media platforms had integrated its NFT wallets. The rollout would be occurring on their respective mobile apps over[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…]