Tagged: solana

Solana-based Developer Platform Helius Closes $9.5M Series A

Helius, a vertically integrated developer platform that helps crypto applications build on Solana, announced the close of its $9.5M Series A round this week. The round was led by Foundation Capital, with participation from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, Balaji Srinivasan, Anatoly… Read More

Solana Integrates with Filecoin to Support Move Away from Centralized Storage Solutions

Solana‘s recently announced integration with Filecoin is described as a significant move away from centralized storage solutions and a key step towards enhancing the reliability and scalability of the Solana blockchain. Solana developers explain that they are utilizing Filecoin to “make its block history more… Read More

DeFi Technologies acquires Solana IP

DeFi Technologies announced this week that it has completed the acquisition of intellectual property from Solana developer Stefan Jørgensen. DeFi Technologies said this acquisition marks a significant milestone in its expansion strategy, focusing on enhancing its offerings in the Solana ecosystem. The IP acquired includes advanced liquidity provisioning, innovative trading strategies… Read More

DLT Adoption: Colosseum Organization to Support Startups Powered by Solana Blockchain

Matty Taylor (former Head of Growth at Solana Foundation), Clay Robbins (former Principal at Slow Ventures) and Nate Levine (former software engineer at Stripe) announced the launch of Colosseum, a new organization founded to discover, accelerate and invest in builders who are “looking to develop… Read More

Coinshares Reports Solid Start for Bitcoin (BTC), Ethereum (ETH), Other Digital Assets with Steady Inflows

Coinshares (Nasdaq Stockholm: CS; US OTCQX: CNSRF)  is reporting a solid start for digital assets as we prepare for 2024, with $151 million in total inflows. According to the CoinShares latest weekly update, digital asset investment products saw considerable inflows during the first week of… Read More

KuCoin Labs Invests in Decentralized MR infra network DeMR

KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem, has announced its investment in DeMR, a decentralized Mixed Reality (MR) infrastructure built on the Solana Chain. This development marks the beginning of a comprehensive collaboration focusing on community operations and subsequent product development,… Read More

Digital Assets and Blockchain Report: AI, GameFi, Solana Attract Significant Investments As Crypto Market Matures

The most notable crypto narratives in 2023 were focused on initiatives around artificial intelligence (AI), GameFi, and meme coins, which captured “one-third of investor interest,” according to an update shared by CoinGecko. CoinGecko noted in its report that the Solana ecosystem, BRC-20 tokens, and real-world… Read More

Digital Assets and Blockchain Industry Set for Sustainable Growth in 2024 with Focus on Compliance and Real-World Use-Cases

The year 2024 is set to be an exceptional period for the digital assets and blockchain sector. Throughout most of 2023, there were a number of key developments that will now shape the future of the crypto industry in the coming year and even the… Read More

BitMEX Shares 2024 Outlook, Comments on Solana (SOL) Making Strong Recovery After FTX Collapse

In an industry that moves like no other, crypto has had “a year like no other,” according to an update from BitMEX. BitMEX, which was once the leading crypto derivatives exchange but experienced major regulatory challenges and enforcement actions a few year back, noted in… Read More

Paxos Announces Expansion of Stablecoin Issuance to Solana Blockchain Platform

Paxos, the regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this initiative represents “a significant milestone for the innovation and evolution of Paxos’s enterprise and consumer-facing businesses.”… Read More

Digital Assets: Rising Optimism Leads to Largest Crypto-Asset Inflows in Past 18 Months – CoinShares Report

James Butterfill from CoinShares notes that rising optimism has “prompted largest inflows for 1 & ½ years at $326 million.” The team at CoinShares notes in their weekly update that digital asset investment products reportedly “saw inflows of US$326m, the largest single week of inflows… Read More

Digital Assets: Solana (SOL) Staking Made Accessible via WalletConnect Support from Blockdaemon

Blockdaemon has added WalletConnect support for Solana, a blockchain known for its speed and cost-effectiveness. WalletConnect is described as being “a secure protocol that simplifies blockchain interactions by eliminating the need for private keys or passwords, enhancing both security and user experience.” Users are now… Read More

Julian Deschler, Co-Founder at Elusiv: Blockchain Professional Comments on Latest Solana (SOL) Ecosystem Developments

MakerDAO co-founder Rune Christensen has submitted a proposal to build the project’s upcoming native chain using Solana’s codebase, which led to Vitalik Buterin selling $580,000 worth of MakerDAO’s MKR token in rebellion. The move may be an indication that ecosystem participants want to explore different… Read More

Visa Expanding Stablecoin Capabilities via Solana Network Enhances the Credibility of the Crypto Space, According to Industry Professional

Austin Federa, head of strategy at the Solana Foundation, recently noted that firms such as Visa (NYSE: V)  expanding their stablecoin capabilities via the Solana network enhances the perception of the crypto space, which has witnessed numerous scandals and lawsuits during the last few months…. Read More

CoinShares Reports Minor Digital Asset Fund Outflows, but Inflows for Bitcoin (BTC)

James Butterfill from CoinShares notes that have been minor outflows, but inflows for Bitcoin. So, is negative sentiment “on the turn?” As noted in the update from CoinShares, digital asset investment product flows cooled off, with relatively minor outflows totaling US$11.2 million. This run of negative… Read More

Visa Improves Stablecoin Abilities, Adds Solana Blockchain as it Boost USDC Utilization

Visa (NYSE: V) says it is modernizing cross-border money movement as it improves its stablecoin settlement capabilities with the Solana blockchain. Simultaneoulsy, Visa reports that it is working with merchant acquirers Worldpay and Nuvei. Visa says it has “moved millions of USDC between its partners… Read More

DeFi Adoption: Elusiv Introduces Private Swaps on Solana, Adding Privacy to Solana’s Ecosystem

Elusiv, a privacy protocol building Web3’s universal encryption layer for a secure decentralized world, has launched the first Private Token Swaps on Solana. Now available via the Elusiv Web App, the Private Token Swap functionality “allows users to exchange assets without disclosing private information about… Read More

DeFi Adoption: Ellipsis Labs Raises $3.3M Seed Round Led by Electric Capital

Led by Electric Capital, Ellipsis Labs’ $3.3M seed round also saw contributions from Robot Ventures and Anagram. Notable angels in this investment round “include Anatoly Yakovenko, CEO of Solana Labs, Marc Boiron, CEO of Polygon Labs, and Keone Hon, CEO of Monad Labs.” Ellipsis Labs… Read More

Before Coinbase Lawsuit, SEC Reportedly Requested the Crypto Exchange to Only Support Bitcoin (BTC) Trading

The US Securities and Exchange Commission (SEC) had reportedly requested Coinbase (NASDAQ:COIN) to halt trading in all virtual currencies with the exception of Bitcoin (BTC) prior to filing a lawsuit against the crypto exchange in June of this year, the Financial Times revealed on Monday… Read More

Ethereum Adoption: Neon EVM Integrates with Covalent, Enhancing Data Accessibility

Neon EVM, an Ethereum Virtual Machine operating as a smart contract on Solana, announced its integration with Covalent, marking a significant step forward for both platforms. Neon EVM’s recently launched platform “allows developers to use EVM developer tools and Ethereum’s compute layer to transact on… Read More

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