Friday, December 9

Tag: Solana

Hacker Used A $10M USDC Fast Loan To Further Issue An ANA For A Similar Sum Of Money On Nirvana Finance, $3.5M Was Stolen
Blockchain

Hacker Used A $10M USDC Fast Loan To Further Issue An ANA For A Similar Sum Of Money On Nirvana Finance, $3.5M Was Stolen

The general crypto industry is just recovering from the attacks on crypto finance protocols and another hit just occurred to deepen the existing wound. This season has tuned out to be unfriendly to the crypto sphere. Barely three months now the attack of FUD on the USDT collateral, the partial de-peg of USDD and USDN, the multi-billion dollar crash of the Terra together with its stablecoin UST and LUNA, the incident happened to Three Arrow Capital, and many more. As stated by the crypto analysts firm, PeckShield, Solana-based Nirvana Finance got a big attack on its DeFi-protocol token, ANA together with its stablecoin NIRV plunged in value by 90%. https://twitter.com/peckshieldalert/status/1552589510986215425?s=21&t=NoIM-FN6JAgGi1--gigLrg $3.5 million Was Stolen As state...
What To Know About SAGA, Solana Mobile Phone, And Its Partnership With OSOM.
Cryptocurrency

What To Know About SAGA, Solana Mobile Phone, And Its Partnership With OSOM.

Solana Labs has been on serious research on how to bring crypto to mobile, last week Solana launched a mobile phone called Saga, with unique hardware and software which would permit easy access to web3 from the users. SAGA Uniqueness Saga possesses unique properties which include a 6.67″ OLED display, 12 GigaByte RAM, 512 GigaByte storage, and Snapdragon® 8+ Gen 1 Mobile Platform. The vision was initiated by the curiosity that many web3 applications can access via desktop. How it all Started Solana Labs decided to give up a large part of its team for the building of a mobile effort, according to a long interview with the company’s head of communication. Read Also: NAPP In Uzbekistan Made His Demands Known To Crypto Mining Operators Solana has almost 10 people working ...
Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B
Blockchain

Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B

As stated by  Cryptoslam Solana is second to only Ethereum in terms of 24-hour NFT activity with $4.7 million in daily sales compared to Ethereum’s $15.3 million. Although many NFT collectors and investors chose Solana over Ethereum for the following reasons: Industry-standardFaster transaction times than EthereumLower costs than Ethereum One of the marketplaces for Solana NFT, Magic Eden has experienced its spike following a new round of funding. Read Also: Rev. Dr. Doge Discloses The Acceptance Of Shiba Inu Alongside Some Few cryptos As Donations By The First Miami Presbyterian Church Facts about Magic Eden Magic Eden is a community-centric company that works hard to be responsive, close to the ground, and in service to the best interests of our collections. They air...
Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.
Blockchain

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...
NFBarter: A Multi Chain Trade & Swap NFT protocol on Ethereum & Solana Chain
Blockchain

NFBarter: A Multi Chain Trade & Swap NFT protocol on Ethereum & Solana Chain

NFT developers just got a new building tool as the bear market rages on. According to NFbarter project founder, Mr. Leo Viturin: “Our team has just launched what the company bills as a web3 marketplace protocol for safely and efficiently buying and selling NFTs. The protocol will allow for a more varied and specific NFT trading experience. For example, users will be able to post offers for NFTs in ETH and SOL, instead of just ETH prices”. In place of listing an NFT for a certain number of ETH or SOL, users can list a potential trade for NFTs. For example, a user could use the NFbarter protocol to create a trade offer to exchange a Bored Ape for a bundle including a CryptoPunk, a Cryptoadz, and a bit of Uniswap’s UNI token. The possibilities are virtually endless, giving users more c...
Charles Hoskinson Trolls Critics, Saying ADA Transactions Have Dramatically Risen Due to “SpookyAlpha”
Cryptocurrency

Charles Hoskinson Trolls Critics, Saying ADA Transactions Have Dramatically Risen Due to “SpookyAlpha”

Founder of IOHK and Cardano CEO, Charles Hoskinson, has taken to Twitter to troll critics of Cardano once again, while sharing news of the ADA network transaction volume which has surpassed a series of major cryptocurrencies, including BTC, ETH, and DOGE. He has again mentioned “ghost transactions”. Read Also: Ripple-Based Remittances Now Available to 54 Million Customers per New Bexs Collaboration “Ghost transactions have dramatically increased” CTO of Input Output Hong Kong, Romain Pellerin, has tweeted that in 2022 network transaction volume for Cardano has surpassed that of Bitcoin, Ethereum, DOT, ALGO, and Dogecoin. ADA volume of transactions has been up 369 percent this year, while BTC has dropped 15 percent, Ethereum lost 49 percent and Dogecoin is down 79 percent. ...
Cardano’s Developers Take Time To Write Codes Diligently And With Sense To Secure Billions Of Dollars Worth Of Investors: Hoskinson’s Respond To Critics
Cryptocurrency

Cardano’s Developers Take Time To Write Codes Diligently And With Sense To Secure Billions Of Dollars Worth Of Investors: Hoskinson’s Respond To Critics

Charles Hoskinson, the CEO of IOG(Input-Output Global), has answered to allegations of Cardano who claim that the blockchain project has been too slow at implementing big updates. In the late video posted on Twitter by a supposed Cardano enthusiast, Solana co-founder Anatoly Yakovenko spoke about the reason why the Cardano network hasn’t experienced any significant problems since its inception, unlike the Solana network. Read Also: Ethereum Staking Increases but Will ETH Flood Markets After the Merge?  As stated by the Solana co-founder, Cardano has been slow at releasing big updates because its developers do not kiss a couple of frogs while building. This implies that Cardano’s team of developers did not choose to cut corners in the course of building. The user tweeted,&...
STEPN To Block Users From Mainland China To Comply With Crypto Regulation 
Cryptocurrency

STEPN To Block Users From Mainland China To Comply With Crypto Regulation 

As stated by Dune Analytics, the game has over 580,000 users with 39,000 active users in the last 24 hours. STEPN, a famous  “move to earn” game co-founded by Jerry Huang and Yawn Rong, Chinese entrepreneurs based in Australia, and launched in December has announced plans to block users from mainland China. This is in response to the crypto-related regulations introduced by the country’s authorities. Last year, 10 government authorities, including the People’s Bank of China  (PBOC), warned that cryptos are not legal tender. Read Also: Can Terra’s LUNA 2.0 price pump back to $30? As stated by the notice, any crypto-related transactions in China are considered illegal, and this is also valid when an offshore exchange provides services to a Chinese national. It was fu...
Binance paused the Solana withdrawal depending on the network situation.
Blockchain

Binance paused the Solana withdrawal depending on the network situation.

Binance, the world's largest crypto exchange, said it was temporarily suspending all Solana withdrawals due to network issues, stating ''SOL withdrawals may be paused from time to time depending on the network situation.'' https://twitter.com/binance/status/1511997746919747585 https://twitter.com/binance/status/1511997745065873411 In another update, the crypto exchange stated it was aware of the current issues regarding withdrawals on the Solana network: ''Binance is working with the project team to ensure that these issues are resolved as soon as possible,'' the company said. Further details regarding the suspension of withdrawals remain scanty at press time. Traders of crypto futures lost over $400 million on Wednesday as most cryptocurrencies dipped to fresh lows as sto...
The Price Of Solana Has Slipped Off Roughly By 6% In The Last 24hours, According To CoinMarketCap Data.
Cryptocurrency

The Price Of Solana Has Slipped Off Roughly By 6% In The Last 24hours, According To CoinMarketCap Data.

The price of Solana has slipped off roughly by 6 in the last 24 hours, according to CoinMarketCap data. This makes it the bigger lingerer among the top altcoins alongside Avalanche( AVAX). Ethereum( ETH) is down roughly 4, performing slightly worse than Cardano( ADA). The world-leading cryptocurrency, Bitcoin is also trading at loss after a peak increase to a position$ of 45k first this week. The total request capitalization presently stands at$1.83 trillion Which makes it the bigger lingerer among the top altcoins alongside Avalanche( AVAX). Ethereum( ETH) is down roughly 4, performing slightly worse than Cardano( ADA). The world-leading cryptocurrency, Bitcoin is also trading at loss after a peak increase to a position of$ 45k first this week. The total request capitalization presently ...