Solana suffers 7 hours crash from NFT bots
Solana has crashed on several occasions from invasions and it has recently suffered another crash from NFT mining bots. Due to a huge amount of transactions from nonfungible token (NFT) minting bots, the Solana (SOL) network was down for seven hours between April 30 and May 1. The network became overcrowded after a record-breaking 4 […]
CoinShares partners with FTX to launch physically staked Solana ETP
CoinShares cryptocurrency investment firm has teamed up with FTX to establish a new physically-backed Solana (SOL) exchange-traded product (ETP) that will be listed on Germany’s major digital market Xetra. CoinShares formally stated on Wednesday that the new product, dubbed CoinShares FTX Physical Staked Solana, will begin with 1 million SOL in seed capital, letting investors […]
Paradigm leads a $27M Series A funding for Magic Eden
Magic Eden a Solana NFT marketplace announced today that it has raised $27 million in the Series A round, which was led by Paradigm and had contributions from other VC firms. The fund according to the marketplace will be used to further its goals. Sequoia, Solana Ventures, Greylock, Kindred, Electric, and Variant were among the […]
Bonfida integrate its Solana Name Service (SNS) into FTX crypto exchange
Bonfida, has announced that their Solana Name Service, or SNS, will be incorporated into cryptocurrency exchange FTX in an effort to increase the exchange’s digital footprint and adoption rate. In addition to the SNS, Bonfida is known in the industry for launching the first decentralized exchange, or DEX, on Serum in September 2020, as well […]
Hackers steal $321M from Wormhole token bridge platform
Wormhole a token bridge between Ethereum and Solana has witnessed the latest DeFi hack resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. This is the biggest hack in 2022 and second after PolyNetwork’s $610M in 2021 Wormhole is a token bridge that allows users to send and receive crypto without […]