Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’

Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the […]

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Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised

Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been CompromisedThe Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root cause.” Solana Investigates Massive Wallet Exploit, Root Cause of the Hack […]

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Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized

Solana Halts Block Production, Validators Told to Prep for a Restart, Network's Decentralization CriticizedOn June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto […]

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Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream Payments

Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream PaymentsThe multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.” Zebec Raises $15 Million to Bolster […]

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Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding

Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed FundingOn 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 […]

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Coachella Music and Arts Festival Partners With FTX US to Issue Solana-Based NFTs

Coachella Music and Arts Festival Partners With FTX US to Issue Solana-Based NFTsThe Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival’s official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain. Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles Since 1999, the festival co-founded by […]

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Michael Jordan and Son Reveal First Tech Venture, Heir Platform to Feature NFTs and Leverage Solana

Michael Jordan and Son Reveal First Tech Venture, Heir Platform to Feature NFTs and Leverage SolanaThe legendary former professional basketball player Michael Jordan and his son Jeffrey Jordan have revealed they are getting into blockchain and Web 3.0 technology, according to an announcement published on December 15. The father and son duo’s first tech venture is called Heir Inc., a platform that aims to connect loyal fans with popular athletes. […]

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Esports Organization TSM FTX Partners With Solana and Serum-Powered NFT Game Aurory

Esports Organization TSM FTX Partners With Solana and Serum-Powered NFT Game AuroryOn October 1, the global esports firm TSM FTX announced the launch of the organization’s first-ever non-fungible token (NFT) collection in partnership with the Solana blockchain-based NFT game Aurory. TSM FTX Collaborates With Solana and Serum-Powered Blockchain Game Aurory During the first week of June, FTX Trading Limited, revealed the crypto company inked a naming […]

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