A class-action lawsuit has been filed against layer-1 blockchain Solana (SOL) on the grounds that the smart contract platform is not as decentralized as advertised. In a court filing dated July 1st, Solana investor Mark Young alleges SOL cannot fit the definition of “decentralized” when nearly half of its supply is in possession of people […]
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On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed […]
While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In fact, Samani remarks that there may not even be “a bear market at all.” […]