Hut 8 Reports 32% Rise in Revenue During Bitcoin Rally
Hut 8 Corp, a cryptocurrency miner, has released a report detailing its performance during the previous half-year. In the six months that ended on December 31, 2023, Hut 8’s sales climbed to $60.6 million, according to the company’s news announcement. Highlights of Hut 8’s financial report include a notable 32% growth in revenue and a […]
Phantom Wallet Developer Admits Priority Fee Ineffectiveness
The creator of the phantom wallet, Brian Friel, admits that priority fees are inefficient and notes that Solana still has network congestion problems. The developer relations manager at Phantom, Brian Friel , acknowledged in a recent X post that the Solana meme coin frenzy has resulted in a “large amount of congestion,” rendering the priority […]
Solmedia Enhances User Experience with Solana, Filecoin Integration
Solmedia, a decentralized content-sharing platform, has announced integrating the newest Filecoin on-chain InterPlanetary File System (IPFS) technology with the Solana blockchain. Users may now take advantage of Solana’s fast blockchain infrastructure and Filecoin’s safe, decentralized storage designed to prevent user content from being accessed illegally or altered. Solmedia’s native token, MEDIA, backs the improvement. According […]
DePIN Project to Improve Internet Access in India
Decentralized internet service company Wifi Dabba recently revealed intentions to disperse more than 100,000 devices throughout India to increase internet connectivity. These devices, hosted on the Solana blockchain, are part of the DePIN project, which aims to connect the unconnected by the end of the year. In India, a nation of over 1.4 billion people, […]
Coinbase Institutional Releases Bitcoin Halving Primer for Investors
Coinbase Institutional has published an investor primer ahead of the fourth Bitcoin halving, slated to take place in the middle of April. Miner payouts will be half from 6.25 to 3.125 bitcoin per block upon reaching the 840,000 block as part of the Bitcoin halving, which happens every four years or when mining every 210,000 […]