Two Solana (SOL)-based altcoins are rallying amid sudden support from the South Korean crypto exchange Bithumb. Bithumb announced spot trading support starting on Tuesday for memecoin PONKE (PONKE) and automated market maker (AMM) protocol Raydium (RAY). Amid the news, monkey-themed PONKE has shot up more than 7% in the last 24 hours, trading for $0.77 […]
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Crypto analytics firm Santiment says it has a bullish forecast for Ethereum (ETH) competitor Solana (SOL) despite the smart contract platform suffering a major outage earlier this week. On Tuesday, the Solana mainnet encountered a problem that caused the network to be offline for five hours, according to Solana Status, a SOL tracker and explorer. […]
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The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth. Raydium (RAY) is an on-chain order book automated market maker (AMM). The project’s native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago. […]
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A low-cap Solana-based (SOL) altcoin has more than doubled up in value over the last week as Bitcoin (BTC) regains the $21,000 level. Decentralized exchange (DEX) platform Serum (SRM) has shot up 130% over the last seven days after suffering through the collapse of crypto exchange FTX, which it heavily relied on. According to a […]
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The founder of Ethereum (ETH) is offering words of encouragement to the developers of rival smart contract platform Solana (SOL) as its bear market struggles continue. The former billionaire says that since the “awful opportunistic money” has been washed out of Solana, the blockchain’s future looks bright and he hopes they thrive from here on […]
The post Ethereum (ETH) Founder Vitalik Buterin Offers Support for Solana Developers As SOL Stumbles Into 2023 appeared first on The Daily Hodl.
Smart contract platform Solana (SOL) and other digital assets associated with it continue to freefall as a crypto exchange platform announces it’s going to delist them. According to crypto reporter Colin Wu, crypto exchange Matrixport will delist SOL and its accompanying digital assets starting December 30th, a move that sent the already-ailing cryptocurrencies on another […]
The post Solana and Associated Tokens Down Over 96% From All-Time Highs As SOL Gets Delisted From Crypto Exchange appeared first on The Daily Hodl.
A hacker just exploited the Solana (SOL)-based automated market maker (AMM) Raydium (RAY) for more than $4.3 million in crypto. Raydium first acknowledged the hack on Twitter on Friday morning. “An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known. Initial understanding is owner authority was overtaken […]
The post Hacker Exploits Solana-Based Project Raydium for Over $4,300,000 As the Protocol’s Native Token Slumps appeared first on The Daily Hodl.
A Solana-based (SOL) crypto trading platform is ready to cut a deal with the hacker that allegedly stole millions of dollars from its network. According to a recent update, the hacker and the Mango Markets DAO (decentralized autonomous organization) have come to terms in a deal that will see the bad actor return a portion […]
The post Solana-Based Crypto Trading Platform Mango Markets Primed To Cut Deal With Hacker Behind $100,000,000 Exploit appeared first on The Daily Hodl.
Top US-based crypto exchange platform Coinbase is adding three altcoin projects to its listing roadmap. Coinbase’s listing roadmap is a set of crypto projects that are on the path of possibly joining the exchange’s roster of supported assets. In a new announcement, Coinbase says it has updated its roadmap with the addition of Gnosis (GNO), […]
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Hedge fund manager and former Bitcoin critic Ray Dalio is ending the year with a positive stance on cryptocurrencies.
Billionaire Ray Dalio gave another positive sentiment, saying he is impressed with crypto while classifying cash as “the worst investment.”
In an interview with Yahoo! Finance, on December 17, the Bridgewater Associates founder stated that he thinks it’s “impressive” that crypto lasted without being hacked in the last decade.
“I think it's impressive that for the last 10-11 years, that programming has held up. It hasn't been hacked, and it has an adoption rate,” said Dalio.
He also mentioned that he owned some Bitcoin (BTC) and Ether (ETH), but when asked how much he owns, Dalio responded by saying that he doesn't hold a lot of it: “I'm very big on diversification, and it's a very small part of the portfolio."
Back in 2020, Ray Dalio’s criticisms of volatility and lack of buyer protection for crypto have been the cause of alarm for many holders. He mentioned that Bitcoin is “not very good as a store-hold of wealth.” However, at the beginning of 2021, the billionaire did a 180 on Bitcoin, calling the asset “one hell of an invention.”
In an essay that Dalio published back in January 2021, he clarified that both crypto advocates and antagonists are looking at the same thing from different angles. He said that he understands that Bitcoin has its pros and cons.
Related: Senate hearing on stablecoins: Compliance anxiety and Republican pushback
The billionaire fund manager proceeded to point out that he views crypto “as an alternative money in an environment where the value of cash money is depreciating in real terms.” He added that he still thinks that “cash is trash” as he said in previous interviews.
“Cash, which most investors think is the safest investment is, I think, the worst investment."
The billionaire’s answers show more positivity compared to his previous statements that the United States may ban Bitcoin and that he would choose gold over bitcoin back in August which was dubbed by the community as FUD.
On March 25, Dalio stated that it’s likely that Bitcoin may be outlawed the way gold was outlawed under some set of circumstances. He cited the gold ban in the 1930s as an example saying that this may also happen to Bitcoin. During those times, the government didn’t want gold to compete with fiat because things may go “out of control,” Dalio said.
