Fireblocks Adds Support for Solana Blockchain’s DeFi, NFT, Gaming Apps
Fireblocks CEO Michael Shaulov said that the integration will also spread support for the WalletConnect2 protocol across the Solana ecosystem. The companies said on Tuesday that cryptocurrency custody company Fireblocks has started to help the Solana blockchain’s ecosystem of decentralized finance (DeFi) developers, non-fungible token (NFT) apps, and other Web3 activities. Even though crypto markets […]
Solana wallet turns on grill to extinguish spam NFTs
Users of the Phantom wallet software can now delete spam NFTs that have been delivered by con artists thanks to a new Burn Token feature. Phantom, a wallet company with headquarters in Solana, has introduced a new burn feature that enables users to delete spam nonfungible tokens (NFTs) supplied by con artists. The new function, […]
Health Node Report Questions the Decentralization of SOL
The Decentralization of SOL has been questioned by health node report following the recent condition of the Solana’s network. For SOL, The validity of its validator network is examined in depth in its first report using key metrics. These consist of distribution, Nakamoto consensus, and the overall number of validators. Dissecting the SOL Nodes According […]
Prediction of a 35% Drop in the SOL price by September
Due to a traditional bearish reversal pattern, the SOL price faces a major market decline in the next weeks. While facing worries about recurrent network disruptions and centralization, Solana is following larger crypto market developments. Future SOL price adjustment of 35%? SOL price has been depicting a rising wedge on the three-day chart, which is […]
Crypto stolen from Solana might be claimed as tax loss: Experts
Tax experts say that while U.S. investors will lose money, Australian, Canadian, and U.K. crypto investors may be able to claim hacked cryptocurrency as a tax loss. It turns out that digital assets lost during an attack or hack might theoretically be claimed as a tax loss, providing you live in the proper country, experts […]