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Tag: Solana-based wallet provider

Solana (SOL) Faces Bearish Pressure Amid SEC Allegations, Investors Eyeing Potential Recovery
Cryptocurrency

Solana (SOL) Faces Bearish Pressure Amid SEC Allegations, Investors Eyeing Potential Recovery

In the wake of the U.S. Securities and Exchange Commission's (SEC) allegations against Kraken, implicating it as an unregistered securities exchange, broker, and clearing agency, the broader cryptocurrency market has felt the reverberations. Solana (SOL), specifically listed in the SEC's filing, has seen a notable decline in its price, reflecting the sensitivity of the cryptocurrency market to regulatory developments. Read Also: LUNC Breaks 200 Moving Average, Community Proposes Measures to Boost Prices to $1 SEC Allegations and Impact on Solana Following the SEC's filing, Solana (SOL) experienced a significant drop in price. After reaching a 24-hour peak of $57.7, the cryptocurrency faced a decline to a low of $52.72 by 7:15 PM on November 21. As of the latest update, Solana is tradi...
Burn NFT is Launching On Phantom To Fight Unwanted Wallet Spam
Blockchain

Burn NFT is Launching On Phantom To Fight Unwanted Wallet Spam

Phantom, the top Solana-based wallet provider introduced an amazing feature in Phantom across all devices. The update was revealed on its official Twitter handle, that the Burn NFT feature has been included in Phantom across all devices to fight the unwanted wallet spam. https://twitter.com/phantom/status/1559944963651211268 The rate at which the bad actors are stealing users’ funds is appalling especially as the crypto ecosystem grows and the fast growth in NFT fame has resulted in the rise of a prevalent avenue of attack for Scammers, Spam NFTs. Read Also: Rep. Tom Emmer Slams The US Treasury Department On The Current Sanctioning Of Tornado Cash The scammers are growing sophisticated every day.  Scammers claim to give users a gift/NFT, once the users click on the l...