Category Archives: Solana News

Coinbase suffered a significant outage on Sunday, leaving users in the lurch, unable to withdraw their funds for six hours.  It was discovered that issues with the electronic system facilitating online bank transfers in the U.S. were behind the outage.  A Six-Hour Outage  Coinbase users on Sunday were unable to conduct U.S. bank account transactions[Read more…]

The popular bug bounty platform recently raised $24 million to guard user funds across Ethereum and Solana blockchains. “Heads down, time to build,” is a popular slogan used by blockchain builders when the market is down. Immunefi, a bug bounty platform that offers rewards for finding security holes in blockchain projects, is making sure that[Read more…]

Amid the ongoing crypto market downturn, overall NFT sales volume remained largely flat in September. But while overall volume appears stagnant, individual NFT sales are keeping pace, high value NFTs on Ethereum are still selling, and Solana NFTs are gaining steam. All in all, $947 million worth of NFT trading volume was recorded in September, according to data from DappRadar—and that figure specifically excludes suspected[Read more…]

Total crypto market cap stood at $951.22 billion as of press time, up 2.53% compared to the previous day. After outflows of $15.67 billion during the weekend, the market cap saw inflows of $23.48 billion over the past 24 hours. The market capitalization of the largest cryptocurrency, Bitcoin (BTC), grew 2.92% to $379.06 billion from[Read more…]

Solana has recently faced criticism on the social media platform over alleged deceptive designs to inflate usage falsely. The controversies seem not to end as the virtual asset network doesn’t respond to the claims postulated on Twitter. Solana Married to Deception Since Its Introduction The founder and CIO of Cyber Capital, Justin Bons, made some concrete arguments[Read more…]

Magic Eden declared that it has started operating the refunds to wallets affected by the Degen Town wallet drain. The announcement comes amid the complaints raised by Solana users about the hacker’s security breach, looting almost $200 million worth of virtual assets. The Refunding Strategy On October 4, Magic Eden released a statement confirming the start[Read more…]

Bitcoin [BTC] managed to hold on to the $19.2k short-term support, and it was able to rise back above the $20k level too. This shift in lower timeframe sentiment saw many altcoins post small rallies. Solana was able to bounce swiftly from the lower timeframe range it formed over the past week. At the time of writing, it[Read more…]

Today, social media is controlled by a handful of private corporations– but that could soon change as blockchains like DeSo begin to onboard millions of Ethereum users from DeFi apps into social apps. As one of the industry’s first illustrations of this, a USDC integration with the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others,[Read more…]

Polygon co-founder Sandeep Nailwal said he won’t be attending Devcon 2022 in Bogota, Colombia, “due to safety concerns.” He expressed regret over missing the opportunity to meet with friends from the ETH community. Devcon, Bogota is a technically focused conference for Ethereum devs, researchers, and builders. It will run from October 11-14 and features talks from prominent figures,[Read more…]

Justin Bons, the founder and CIO of Cyber Capital, has pointed out the Solana blockchain’s failures, which experienced its eighth major network outage over the weekend. In a thread, Bons – who describes himself as a full-time crypto researcher – stated that Solana’s reoccurring crashes result from bad design. He opined that the proof-of-history (PoH) blockchain[Read more…]