Tag: Solana

Top Decentralized Exchange Built on Solana (SOL) To Ban US Customers From Trading Amid Regulatory Uncertainty

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The top decentralized exchange (DEX) built on Solana (SOL) plans to restrict Americans from trading on its platform at the end of the month. Orca (ORCA) announced the new restriction on its website this week, however, it did not provide a reason for the change in policy. “Orca will be adding the United States to the regions and countries which are restricted from trading on orca.so effective March 31, 2023. This will not impact the ability of U.S. users to directly interact with Orca’s smart contract or SDK, nor will…

Formfunction to shutter marketplace amid Solana NFT slump

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Formfunction, a Solana (SOL)-based nonfungible token (NFT) marketplace, has announced its closing up shop after only 13 months of operation amid a slump in Solana NFT prices and trading volumes. On March 15, Formfunction announced it is “shutting down” on March 29 saying it “cannot continue to operate” after “much discussion and careful consideration.” We have some sad news to share today—Formfunction is shutting down on Wednesday, March 29th. This was an extremely difficult decision; however, after much discussion and careful consideration, we’ve come to the conclusion that we cannot…

Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness

Bitcoin dipped under $22,000 during European hours on Wednesday, even as broader traditional markets remained relatively unchanged. Ether (ETH) shed over 2%. Among other large-caps, solana (SOL) and matic (MATIC) fell 6% in the past 24 hours, while Uniswap’s UNI and Avalanche’s AVAX fell 4% in the same period. Source

Solana (SOL)-Based Altcoin Skyrockets 266% After Earning Support From Top Crypto Exchange

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A Solana (SOL)-based altcoin is exploding in price after earning surprise support from top Korean cryptocurrency exchange UpBit. According to UpBit, the crypto change is adding support for Access Protocol (ACS), which is a new content monetization crypto project built on top of Solana and Ethereum scaling solution Starknet. UpBit, which has the largest trading volume of any exchange in Korea, says trading of ACS on its platform is to begin March 7th. News of the listing sent the price of Access Protocol soaring by 296%, from a low of…

Solana faces ‘lack of appetite’ from US regulators, says Austin Federa

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Austin Federa, head of strategy at the Solana Foundation, spoke to Cointelegraph at the ETH Denver conference on the network’s outages, the impact of regulation, and the launch of its mobile device. Speaking to Cointelegraph on March 1, Federa said the New York Department of Financial Services — NYDFS, one of the state regulators responsible for licensing crypto firms — was essentially setting up roadblocks for many projects looking to issue stablecoins or similar blockchain services. He added that Solana had heard from projects facing “pretty draconian” rules in the…

Gaming Engine Unity Unveils Web3 Developer Tools with MetaMask and Solana

The launch of MetaMask SDK in the Unity Asset Store will allow developers to connect their games to the MetaMask wallet. On Tuesday, February 28, leading game development platform Unity announced that they had tapped into Web3 while unveiling a new “decentralization” category in its online storefront. The Unity Asset Store will offer vetted solutions supporting developers interested in the technology and willing to enable decentralization in gaming. Web3 Developer Tools from Unity In this context particularly, decentralization reflects the models of ownership which will allow players to create, earn…

Solana plans to improve its blockchain: Here’s how

The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network update on Feb. 25. In an immediate response to transaction disruptions, validators downgraded the software to up performance levels. However, on Feb. 28, Anatoly Yakovenko, the founder and CEO of Solana Labs, released another statement about how the ecosystem plans to improve its recent network upgrades. The major focus of the plan is on stability as the network continues its transition.  2022 priorities were shipping new features and new tools. 2023 is stability. Tldr 1/3…

Solana Will Improve Network Upgrades to Improve Stability

Prior to the 1.14 release, core engineers were working on fixing problems that were impacting the network’s speed and usability, such as invalid gas metering, lack of flow control for transactions, and lack of fee markets, among other more technical issues. These issues were prioritized to improve user experience. Source