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…]
Category Archives: Solana News
03
Oct
Oct
Basel Committee report reveals 19 biggest financial institutions worldwide hold €9.4 billion worth of crypto. Global banking regulation standard Basel Committee’s latest report estimates the global bank exposure to crypto to be at 0.01%, as the 19 largest financial institutions hold €9.4 billion worth of crypto, which equates to 0.14% exposure. The report took the crypto asset[Read more…]
03
Oct
Oct
A glitch with the Automated Clearing House blocked Coinbase users from withdrawals and payments via US bank accounts for several hours; Solana was also down Coinbase has reassured users that all funds are safe after the exchange was unable to process US bank transactions for nearly six hours over the weekend. Account holders with US[Read more…]
03
Oct
Oct
A little-known DeFi token called Uniglo (GLO) has been outperforming leaders like Cardano (ADA) and Solana (SOL). In fact, GLO is up 45% and hasn’t seen a red candle in two months. And it’s expected to maintain its value for the next months as well. How is it possible for a cryptocurrency to have not[Read more…]
03
Oct
Oct
On 1 October, Solana [SOL] announced that it suffered another instance of network downtime. The announcement added to the tally of already existing instances where Solana reported network outages in the past. Solana is not new to reports of network downtime. According to the recent announcement, the network outage affected its ability to process transactions. This incident[Read more…]
03
Oct
Oct
Investors of Proof-of-Stake ecosystems Avalanche (AVAX) and Solana (SOL) lead today’s market losers. The same weakness did not extend to the newly-minted PoS giant Ethereum which added 1.40% in the same session. Worried about experiencing further declines, Avalanche (AVAX) and Solana (SOL) traders retreated to the new crypto craze, The Hideaways (HDWY). The project eyes tapping[Read more…]
03
Oct
Oct
It’s been a busy month for Epic Games when it comes to blockchain engagement. The Epic Games Store launched it’s first supported blockchain-based title, Blankos Block Party, earlier this month – and now it’s adding a second title to it’s slate of offerings. Let’s take a look at the title and what we can expect when[Read more…]
02
Oct
Oct
Another eventful week in crypto – the Do Kwon situation has developed so much more with the Interpol slapping a red notice on the founder and reports emerging that he attempted to withdraw crypto worth millions. Let’s find out more. Bitcoin Defunct Terraform Labs founder Do Kwon has reportedly attempted to withdraw Bitcoin worth $69 million from[Read more…]
02
Oct
Oct
Most people today likely first associate NFTs with digital-only items like profile pictures, artwork, and collectibles. But blockchain tokens can also be tied to physical art, property, and other tangible assets. In one provocative example of how NFTs could shake up retail and apparel, PussyDAO aims to use Solana NFTs as redemption coupons to purchase things like underwear and streetwear.[Read more…]
02
Oct
Oct
India’s financial watchdog, Enforcement Directorate (ED), confiscated $1.2 million in an investigation of a fraud scheme relying on an App-based token, HPZ. Per an official press release published on September 29, several apps offered users to buy the HPZ tokens to have higher returns. And the investigations revealed that the “Chinese-controlled entities” were behind the scam. Cryptocurrency[Read more…]
