Tag: Solana

Solana Foundation warns about security incident with Mailchimp

Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp.  According to an email sent to users and seen by Cryptox, the Foundation was informed by Mailchimp on Jan. 12 that “an unauthorized actor accessed and exported certain user data from the Solana Foundation’s Mailchimp instance.” Among the information accessed and exported in the incident were user’s names and Telegram usernames. The Solana Foundation stated: “Based on the information we have received from Mailchimp, the affected information may…

Solana Gains 40% As Crypto Market Continues Its Recovery

boss

Following the heavy market crash late last year, the crypto landscape has been on a steady path to recovery, with the altcoins leading the way. Solana(SOL) is one of these many altcoins, and it has kicked off the weekend with an explosive start.  According to data by CoinGecko, SOL has gained 40% in the last 24 hours, sparking excitement across the entire Solana ecosystem. Although it remains unknown how long the altcoin can sustain such momentum, these significant price gains indicate an increasing positive sentiment from investors. Interestingly, as a…

Citi Says Solana Blockchain Activity Remains High

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Solana Begins To Recover As On-chain Activity Rises

boss

With the recent hype and increase in meme coins on Solana over the past weeks, the network has gained a significant amount of momentum, pushing it to an uptick both in on-chain activity and trading volume.  Solana has begun to show recovery signs from the FTX scandal following a recent spike in momentum. Even the network’s native token SOL joined in on the momentum and reached a two-month high amid the ubiquitous rally in the global crypto market.  Solana Recovering Back To Pre-FTX Levels So far, SOL’s on-chain activity shows…

Solana Price Surge Attracts Investors, What’s Driving It?

boss

Solana’s price has achieved an unexpected week-long rally, causing it to significantly outperform almost all other cryptocurrencies. As the price of the centralized smart contract token stabilizes, investors are showing interest in how high it can go. In the first week of 2023, the price of Solana (SOL) soared in value, going from $9.7 to $17.50. As a result, trade volume in SOL has increased, and Wallet Investor predicts that SOL will hit new highs in 2023. The current Solana price, as reported by CoinMarketCap, is $15.87. The value has…

Solana Price To Surge After The Explosive Price Rally?

boss

The Solana price has secured 45% appreciation over the last week. The coin made this significant recovery after its yearly low of $8 in December. Over the last 24 hours, the coin fell by 1.6%, which depicted that SOL was consolidating after a period of an explosive rally. As Bitcoin continued to recover, major altcoins also noted northbound price action. The technical outlook for the coin has also pointed towards bullish strength mounting on the chart. Accumulation has been substantial, and demand for the coin has shot up over the…

Solana Moves On From FTX Crisis, Sparkles 46% In Last 7 Days

boss

Solana (SOL) has been included in the top cryptocurrencies to watch out for this week of finance and crypto-focused site Investopedia. This no longer comes as a surprise considering that at one point during the last seven days, the digital asset, which was pulled all the way down to $9 towards the end of December, managed to increase its value by 46%. SOL outperformed industry frontrunners Bitcoin and Ethereum and all other top crypto assets occupying the top 10 spot in terms of market capitalization. It would appear that the…