Solana (SOL)

Solana Launches Mainnet Beta v1.18.15 Upgrade to Address Network Stability

June 11, 2024 Bitcoin.com

bitcoin.com

Solana has recommended validators in the network upgrade to the latest Mainnet Beta 1.18.15, which includes several fixes to address network performance and stability. The release includes a central scheduler functionality that can be turned on optionally, focused on solving performance issues identified when there is network congestion. According to Solana Beach, a validator statistics […]

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Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions

May 29, 2024 Bitcoin.com

bitcoin.com

Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available on Solana Blockchain Paypal Holdings Inc. (Nasdaq: PYPL) announced at […]

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Analyst: Solana to Reclaim $200, Many New Crypto ATHs Soon

May 19, 2024 Bitcoin.com

bitcoin.com

In his latest social media posts, Daniel Cheung, co-founder of Syncracy Capital, expressed confidence in the strength of solana (SOL) and its potential to reclaim the $200 mark. He also hinted that upcoming upgrades could pave the way for new all-time highs (ATHs). Cheung also shared his bullish outlook on bitcoin (BTC), predicting new ATHs […]

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Solana Meme Coin Marketplace Pump.fun Issues $1.9 Million Exploit Postmortem, Discloses Former Employee Involvement

May 17, 2024 Bitcoin.com

bitcoin.com

Pump.fun, a leading Solana-based marketplace and deployment tool for meme coins, issued a postmortem on the exploit that occurred on May 16. The team stated that a former employee took advantage of its position to misappropriate 12.3K SOL, worth $1.9 million. An X user nicknamed Staccoverflow, confirmed to be part of pump.fun’s team, declared he […]

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Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack

May 14, 2024 Bitcoin.com

bitcoin.com

Certik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in enhancing Web3 security standards. Wormhole, a project enabling token and data transfers between blockchain networks like Ethereum and Solana, had […]

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Investment Firm Franklin Templeton Believes Solana Will Become the Third Largest Crypto Asset

May 7, 2024 Bitcoin.com

Altcoins

Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the potential to become the third-largest cryptocurrency in the market. The firm praised the resilience of the project, its continued airdrops, and the work developers have undertaken to fix the network’s recent congestion issues. Franklin Templeton: There […]

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FTX Estate Plans Auction for Locked Solana Tokens

April 22, 2024 Bitcoin.com

Auction

Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $1.9 billion and $2.6 billion in […]

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Solana Developers Rush to Address Network Congestion; Operativity Remains Impaired

April 7, 2024 Bitcoin.com

Aagave

Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant progress in tackling these problems and hopes to release patches next week. Currently, 70% of users’ transactions in Solana are failing. Solana Dev Collective Anza […]

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FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny

April 5, 2024 Bitcoin.com

bitcoin.com

In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule. Insiders Say FTX Sold Millions of Locked Solana Tokens at a Deep Discount The bankrupt entity formerly […]

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Solana Foundation Asserts Core Network Should Be Permissionless Regarding Offensive Meme Coin Issues

April 1, 2024 Bitcoin.com

Austin Federa

The Solana Foundation has given its take on the offensive meme coin issue that originates on the Solana blockchain. Austin Federa, head of strategy at the Solana Foundation, sustained that the core components of Solana should be permissionless while blocking some of these offensive assets should be left to individual applications. Solana Unlikely to Deal […]

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