Category Archives: Solana News

DeFi protocol Kyber Network suffers frontend hack, loses $265K

Multi-chain DeFi protocol Kyber Network (KNC) revealed that it suffered an exploit on its frontend on Sept. 1, leading to a loss of $265,000 from two whale wallets. Hacker inserted malicious code into KyberSwap’s frontend According to Kyber Network, its team “identified a malicious code in our Google Tag Manager (GTM)which inserted a false approval, allowing a[Read more…]

Why Solana (SOL) And Dogecoin (DOGE) Investors Are Buying Into Flasko (FLSK) Presale

According to many crypto investors, the industry’s prominent participants still offers an ROI that can change peoples and families lives. Cryptocurrencies like Solana (SOL) and Dogecoin (DOGE) are examples of how life-changing fortunes may still be made in the bear market – with the productive capacity to expand. However, many emerging projects with low market capitalizations offer[Read more…]

Solana Is In Trouble: Meet HUH Exchange

In the decentralized markets, cryptocurrencies provide excellent use cases for their community members. For instance, Solana ($SOL) is a top cryptocurrency in the crypto space. With a robust blockchain network, Solana ($SOL) handles exceptional transaction speeds with an excellent consensus mechanism. With a similar consensus mechanism used by Solana SOL, the HUH exchange ($HUH) aims to be[Read more…]

FIFA launches digital World Cup collectibles project on Algorand

FIFA, soccer’s global governing body, will release a digital collectibles project on the Algorand blockchain ahead of November’s World Cup.   The FIFA+ collection, set to launch later this month, will include notable moments, art and imagery from the World Cup and Women’s World Cup, according to a the organization. The project is akin to NFT sports collectibles like[Read more…]

Coinbase Cloud Adds Support for Solana Archival Nodes

Coinbase Cloud, a blockchain infrastructure protocol, has announced the launch of Solana archival nodes, a tool to facilitate the building of products and services on the Solana (SOL) network. Building Array of Solana Infrastructures With the launch of the Solana Archival Nodes, Solana builders will be able to examine historical address balances, run complex queries, and simulate the blockchain state at[Read more…]

BNB takes NFT top spot but investors shouldn’t be elated- Here’s why

A glimpse of the NFT market showed that neither Ethereum [ETH] nor Solana [SOL] was the best performing chain over the last 24 hours. Surprisingly, Binance Coin [BNB] took center stage out of the top three, according to CryptoSlam. Ordinarily, the NFT community would not expect BNB to overtake ETH or SOL in sales volume. Of course, that was the case. However, traders’ participation,[Read more…]

Solana: Why critics are opposed to Helium’s latest proposal

Solana [SOL] is slated to become the next home for the Helium network. The announcement made by the Helium Foundation was part of a new proposal dubbed HIP 70. If approved, it will mark the start of a robust partnership between the two decentralized networks. The announcement marks an important milestone for the two networks, especially[Read more…]

Helium devs propose ditching own blockchain for Solana

Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Tuesday.  The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by users installing a[Read more…]

Just In: Pantera Capital COO Samir Shah Leaves Firm In Crypto Downturn

There are speculations that Pantera Capital Chief Operating Officer (COO) Samir Shah has left the cryptocurrency-focused investment company just after two months. Samir Shah’s LinkedIn Profile is primarily the reason why the media is talking about him leaving the firm. He joined Pantera in July this year. At the time of his joining he is quoted to[Read more…]

Binance Coin (BNB) And Solana (SOL) Could Both Be Overtaken By New Crypto Flasko (FLSK)

The market is still evolving, expanding and adjusting as people’s interest in cryptocurrencies grows. Nevertheless, choosing the most profitable coins from the more than 17,000 cryptos available on the primary exchange platforms may be difficult for many. Crypto platforms are competing for supremacy in this very competitive sector. In light of this, here are three[Read more…]