The Solana blockchain has faced a lot of pressure and hates from the cryptocurrency communities ever since the FTX exchange went down. Its (once) strong ties with the FTX Company and its former CEO, Sam Bankman-Fried have earned the blockchain a lot of disrespect in the crypto market. Just like the FTX brand and its…
From the year 2021, the blockchain gaming sector has witnessed a great adoption level. The industry has continued growing larger over the past couple of years and things are only getting better. The sector has recorded huge gains in the past couple of years but investments have increased in the sector in the past couple…
Solana struggled to reclaim its crucial demand territory of $20, with its price hovering at $13.5. Solana remains weak amid the bears’ regime, and breaking past $20 may not be soon. SOL trades beneath the 50 and 200 EMAs (Exponential Moving Averages) amid extended weakness. Solana’s price remains beneath the $20 value area following rejections…
Metaplex’s Chief Executive Offices and Co-founder Stephen Hess declared moves to lay off multiple individuals following the FTX collapse. Metaplex is a Solana non-fungible token (NFT) protocol. The CEO added that the platform has to let employees go, though the FTX debacle didn’t directly affect its treasury. However, it’s noteworthy that the protocol hasn’t specified…
Coinbase has a long way to go before it becomes the number one staking provider. When reporting its quarterly earnings in August, the firm revealed to shareholders its plans to prioritize the development of its staking products, which align with its long-term goal of becoming the top provider. When Coinbase user stakes their crypto, they…
Binance plans to auto-convert contending stablecoins USDC, TUSD, USDP, and incoming stablecoin deposits into BUSD. Also, the exchange will remove USDC pairs from September 26. The leading exchange stated that the auto-conversion functionality is for capital efficiency and liquidity. The world’s leading crypto exchange by volume, Binance, revealed plans to auto-convert user USDC and other…
Reddit founder Alex Ohanian has announced its move to launch its crypto investment platform called 776’s fund (kryptos). The social media founder revealed that the investment firm would be founded in October for crypto users to invest and take interest despite the market bear. Alex Ohanian To Launch 776’s Fund Crypto Investment Firm Reddit founder…
Following the US Fed Chair speech yesterday, the crypto market cap dipped below $1 trillion. After trading in a straight line for a while, Bitcoin finally dropped below the $21,000 mark recording a 6-week low below $20,000. All altcoins are trading in the red zone with ETH below $1,500. AVAX, ADA, and SOL Ave dipped…
Every transaction (buying, selling, transferring) on a cryptocurrency network includes execution fees. However, the gas fee charged on each cryptocurrency differs; some may be higher or lower. Giant cryptocurrency ETH is one of the cryptocurrencies with the highest gas fee charges. This high fee charge is owing to the high transactions and activities on its…
Lawyers in the lawsuit against Solana claim that its native token is a centralized asset. They further say it is riddled with insider trading to the disadvantage of retailers. Too Strong Allegations Solana labs have become the most recent crypto firm to be entangled in a lawsuit. The lawyers went ahead to say it is…
New Funding for a Prosperous Future Solana, through its venture and foundation arms, has set up a hundred million dollar fund to support South Korean projects. The target of the fund includes projects in DeFi, blockchain games, and NFTs. Further to supporting projects based on the Solana network, the fund will also aid some Terra…
Cardano has prolonged its latest bullish rally. The increased volume of NFT trades on its blockchain and better crypto market sentiment aided it. ADA’s price improved by 14% within 24 hours to stay at $0.624. That brings its profits over the last week to almost 22%. The asset really gapped its closest rivals in the…
