Solana GUIDES Archives - Page 2 of 2

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

22Nov

By Raliat IdrisNo Comments

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...

Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.

Solana-based decentralized finance lending protocol Solend has fabricated another governance vote to refute the lately-approved suggestion that allows Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation. Read Also: Shytoshi Kusama, SHIB's lead developer Says Revenue from outside the space "is a good idea." As Talks On The Importance Of Partnership For Shiba Inu Governance vote was created on Sunday by crypto leading platform and titled “SLND1: Mitigate Risk From Whale.” To allow; Solends to reduce the risk that the whale’s liquidation poses to the market by letting the lending the platform access the whale’s walletAnd allow the liquidations to happen over-the-counter (OTC) The reason behind this is; As stated by Solend, if the Solana d...

A Simple A-Z Guide for Starters On STEPN (GMT)?

STEPN is a popular Solana-based Move-to-Earn (M2E) mobile app that rewards users with crypto tokens for engaging in outdoor fitness activities such as walking, jogging, and running. Released in March 2022, Green Metaverse Token (GMT) is the governance token of STEPN that can also be used to make payment in-app buys and distributed to STEPN users as rewards for their activities. That is all to know about STEPN and GMT. In this article, you will get to know all about STEPN. Read Also: What is Terra (LUNA)? Get To Your Skull Everything About Terra. What Is Move-to-Earn? Move-to-Earn (M2E) is a term coined by Jerry Huang and Yawn Rong, co-founders of Find Satoshi Labs. The concept behind M2E is to encourage people to live a healthy lifestyle while at the same time all...