How Solana works SOL is the native token of the Solana blockchain. The main advantages of this blockchain are fast transactions and low fees. Software engineer Anatoly Yakovenko founded Solana in 2017, and after three years of development, the Sol platform and token were launched. Most cryptocurrencies use a so-called “consensus mechanism” to tie all the components together and agree on...
The well-known transaction tracker WhaleStats has published data according to which 10% of the Shiba Inu cryptocurrency (SHIB) supply is concentrated in the hands of large holders. The experts analyzed 2 thousand wallets of the leading Ethereum whales. They found out that in addition to stablecoins and Ethereum itself, market participants own many virtual assets...
The head of the leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), expressed his concern about what is happening in the market. He warned investors: now it is worth refraining from significant investments. This is because some projects have recently collapsed and gone bankrupt, and trading platforms freeze their clients' funds amid sharp volatility. Zhao advised people...
The first virtual ATM will appear in the Decentraland metaverse The Transak project partner will do this ATM will accept fiat currency and convert it to crypto The Decentraland Metaverse launches its first ATM. This is the result of their partnership with provider Transak. Decentraland Virtual ATM will support fiat payments. For them, users will be able to buy...
Uniswap Labs proposes to create a non-profit foundation He will support projects aimed at developing the ecosystem The estimated budget is $74 million Some members of the community thought the figure was too high. On Thursday, August 4, the Uniswap Labs team came up with a proposal to create a non-profit foundation. He will support developers and projects...
Saber founder created 11 fake identities to run interconnected protocols on the Solana network. Fictional developers behind Cashio, Sunny Aggregator, TribecaDAO, and other platforms A convoluted scheme allowed Ian Macalinao to inflate TVL Solana by $7.5 billion. As part of a new investigation, it was revealed that the developers of the Saber protocol were responsible...
The deBridge cross-chain protocol team reported a phishing attack Malware sent out via fake email of one of the co-founders Most of the employees identified suspicious emails in a timely manner, but it was not possible to avoid compromise The co-founder of deBridge Finance announced a cyber attack on the cross-chain protocol. The hackers spoofed the email of...
Commodity exchange CME will launch futures contracts for BTC and ETH in euros from August 29 The size of the Bitcoin futures will be 5 coins; the Ethereum contract will be 50 ETH. CME is the 4th largest Bitcoin futures exchange with 1.6% of the $11.8B global open interest. The Chicago Mercantile Exchange (CME Group...
The digital market is highly dependent on external factors. In July 2022, the US Federal Reserve System (FRS) raised the key rate by 75 basis points for the second time. Cryptocurrencies reacted by rising rates. During the day, July 26-27, Bitcoin rose by 9.2% (from $20.78 thousand to $22.71 thousand). By the beginning of August, the rate of...
Bitcoin started the era of digital assets in 2009. The disadvantages and limitations of the first cryptocurrency, as well as its open source code, led the developers to start creating other coins. They are called altcoins. In July 2022, the Crypto.ru rating fixes 8.8 thousand digital units. Bitcoin remains the market leader. He owns 41.8% of the total capitalization. However, other...
