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Tag: Solana
Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits
CryptoX – Cryptocurrency Analysis and News Portal Last Friday, whistleblower site Crypto Leaks published a series of damning videos, accusing the lawyer of weaponizing class-action lawsuits to collect sensitive information on various crypto companies. The site also alleged Roche’s lawsuits purposely attacked competitors of the blockchain project Avalanche, which Roche allegedly received tokens from and has previously represented in legal matters. Original Source The post Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits appeared first on CryptoX. CryptoX Portal
Helium Developers Propose Shifting Network to Solana Blockchain For Faster Speeds
Helium developers proposed shifting all Helium-based tokens, governance, and economics around the network’s native HNT, DC, IOT and MOBILE tokens onto the Solana blockchain. The move would help scale the Helium network, which has grown to over 1 million “hotspots” in recent months, developers said. Source
Helium devs propose ditching its own blockchain for Solana
Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Aug. 30. The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by users installing a Helium Hotspot to provide decentralized wireless 5G network coverage for internet users in their area. Helium uses a unique consensus mechanism — proof-of-coverage to verify network connectivity and distribute HNT tokens to…
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First Mover Americas: A Bleak Month for Crypto as Bitcoin Slides, Ether Stalls and Solana Tanks
The latest price moves in bitcoin (BTC) and crypto markets in context for August 31, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Hubble Protocol Launches Kamino Finance to Optimize Yields for Liquidity Providers on Solana – Press release Bitcoin News
press release PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain. Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults linked to Orca’s liquidity “whirlpools.” Kamino Finance builds on the advantages of CLMM’s, which reduce slippage and facilitate larger trades by narrowing the price range…
Fireblocks launches Web3 Engine support on Solana
Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to the developer network’s applications and infrastructure. Beginning Tuesday, Fireblocks users will have direct access to Solana’s various decentralized finance (DeFi) and Web3 applications — a move the company says will directly benefit “alternative asset managers” and “capital market participants.” “Thousands of businesses use Fireblocks to access novel Web3 products and services,” Solana co-founder Anatoly Yakovenko said in a statement. “Starting today, these businesses will immediately have access to the depth and breadth of…
Crypto Custody Firm Fireblocks Adds Support for Solana Blockchain’s DeFi, NFT, Gaming Apps
Fireblocks connects to some 35 blockchain networks and works with an array of Web3 companies including Animoca, MoonPay, Xternity Games, Griffin Gaming, Wirex and Utopian Game Labs. The latest Solana integration uses WalletConnect V2, a protocol for bridging decentralized apps, upgraded to securely enable vault connections to non-EVM chain dApps, according to a press release. Source link
Solana Price Faces Bearish Momentum, Next Move Could Push SOL To $28
Solana price witnessed a strong bearish pull as major market coins also depreciated significantly on their charts. The altcoin fell by 6% over the last 24 hours. In the past week, Solana lost 14% of its market value. The bulls were trying to defend the coin at their nearest support level, however, the coin met with a sell-off over the past 24 hours. Over the last few days, Solana was trading sideways above its support level of $34. The recent depreciation on the chart caused SOL to fall below its…