Tag: Solana

Cardano Founder Takes Jab At Solana After Major Outage

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On Tuesday, the Solana blockchain experienced a major outage that stopped the network’s mainnet operations for approximately 5 hours. The outage raised concerns about the blockchain’s stability and security as the incident became the 11th of the kind in the last 2 years. Kicking Solana When It’s Down? On February 6, the Solana blockchain network suffered a significant outage that lasted 4 and 46 minutes and disrupted the network’s operations, raising doubts about the blockchain and exposing the project to fierce criticism. The crypto community took no time to share…

Can We All Stop Pretending That Solana Is in Beta?

“Engineers from across the ecosystem are investigating an outage on mainnet-beta,” the Solana team’s incident report read. While it is true that Solana has never officially announced that it was leaving the beta testing phase, a period meant to help identify bugs and evaluate performance in real-world conditions, at this point the phrase seems increasingly like a cop out. Solana is a fully functional blockchain with a large and committed user base. It is the fifth-largest “DeFi chain” by total value locked, representing about $1.7 billion in capital committed to…

Solana Recovery: Blockchain Restored Within 5 Hours After Shutdown

During the early hours of Tuesday, Solana (SOL) encountered a significant outage, adding to the growing list of incidents it has faced in the past 24 months.  As reported by our sister website NewsBTC, the mainnet-beta of Solana experienced a nearly 5-hour disruption, which raised concerns within the cryptocurrency community.  The incident was initially detected when block explorers Solscan and OKLink indicated a lack of new transactions on the network. The ongoing disruption prompted South Korean crypto exchange Upbit to suspend deposits and withdrawals for SOL and several other tokens.…

Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows

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According to a CoinShares report, Bitcoin and Solana led the way in the amount of institutional inflows into digital asset investment products last week. The report also highlighted an emerging trend among Spot Bitcoin ETFs in the US.  Bitcoin Records $703 Million In Inflows Bitcoin is reported to have seen inflows totaling $703 million last week, thereby accounting for 99% of all flows into these investment products. Solana came in a distant second with an inflow of $13 million, outperforming the second-largest crypto token, Ethereum, which saw an inflow of…

Solana Suffers 11th Outage In 2 Years, SOL Price Drops 3%

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The Solana blockchain network is currently experiencing an outage, marking its 11th such incident in the past two years. As of the latest updates, Solana’s mainnet-beta has been non-operational for about two hours, with block progression coming to a standstill. Solana is down for 2 hours now | Solscan Solana Network Comes To A Standstill The issue was first noticed when Solscan and OKLink, two prominent block explorers, indicated a lack of new transactions on the network. The last recorded transaction was at 9:52 am UTC. Upbit, a crypto exchange,…

Chainlink and Solana holders diversifying into streaming platform

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Many regret not investing in Bitcoin (BTC) earlier on. Presently, altcoins, especially DeeStream (DST), are being monitored by Chainlink (LINK) and Solana (SOL) holders. Chainlink is under pressure Chainlink is up 3% in the past day, expanding with falling trading volume. With trading volume down by 30%, it suggests that there has been a shift in market dynamics, possibly hinting at sellers. Solana’s outlook Solana is down by 6%…

Crypto assets saw $708m inflows last week; Bitcoin and Solana lead

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Crypto-linked investment products experienced the second-largest inflow of 2024 last week, amounting to $708 million, nearly 99% of which came from Bitcoin.  The U.S. market recorded $721 million in inflows, with the fresh ETFs alone gathering $1.7 billion. According to CoinShares research, spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, culminating in a total of $7.7 billion since their approval.  Bitcoin ETFs have maintained an average inflow of $1.9 billion over the last four weeks, reaching a cumulative $7.7 billion since…

Solana and Avalanche recovers, meme coin targeting to raise $5m

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. In January, Spot Bitcoin ETFs added 151,000 BTC. Solana (SOL) and Avalanche (AVAX) are firm, while Galaxy Fox (GFOX) investors are targeting $5 million in presale. Jerome Powell’s decision to keep rates stagnant confirms the end of the hiking cycle. Over-leveraged traders are struggling, but investors buying at spot are comfortable.  Solana and Avalanche recover Solana and…

Crypto Report Suggests Solana A Main Focus For Next Bull Market

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A recent ‘Navigating Narratives’ report by K33 Research provided insights on how to trade altcoins. Interestingly, as part of their analysis, they highlighted Solana (not ETH) as the main focus and elaborated on why this was so.  Why Solana Is The Main Focus The report, written by DeFi Analyst David Zimmerman, stated that they were focusing primarily on buying SOL if there was an opportunity to buy lower. They claim the reason for this is that “SOL has solidified its place in the market as one of the market leaders.”…