Tagged: solana

October 22, 2024 @ 3:11 pm By Omar Faridi  |  

tZERO pointed out that the SEC recently referred to Solana and Polygon as securities. tZERO recently noted that it happens to be one of the only two licensees for a regulated special purpose broker-dealer digital asset security custodian and specializes in compliant digital securities. The… Read More

October 17, 2024 @ 6:37 pm By Omar Faridi  |  

a16z has shared the State of Crypto Report 2024, which examines data on swing states, stablecoins, AI, builder energy, and offers other key insights. Daren Matsuoka, Robert Hackett, and Eddy Lazzarin noted that when they launched their very first annual State of Crypto report two… Read More

October 15, 2024 @ 8:13 am By Omar Faridi  |  

CoinGecko has released their latest 2024 Q3 Crypto Industry Report. CoinGecko noted in its recent research report that Q3 saw crypto close the quarter flat at a $2.3 trillion market capitalization, but the period still saw significant volatility. CoinGecko further noted that geopolitical and economic… Read More

October 7, 2024 @ 12:59 pm By Omar Faridi  |  

Ryan Lee, Chief Analyst at Bitget Research recently explained that Bitcoin (BTC), the flagship cryptocurrency, has grown steadily to become a major global asset, one whose market cap is impacted significantly by global events. For instance, Ryan Lee of Bitget Research, noted that the ongoing… Read More

September 20, 2024 @ 8:23 am By Michael Wong  |  

Drift, a decentralized finance (DeFi) platform built on the Solana blockchain, has raised $25 million in a Series B funding round led by Multicoin Capital. The new capital will support Drift’s expansion, focusing on developing a full suite of financial services, including spot and derivatives… Read More

September 16, 2024 @ 10:23 pm By Tony Zerucha  |  

Fintech Huma, a self-described PayFi network, has raised $38 million in funding. Distributed Global led the equity round, with participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiey. Part of this… Read More

September 15, 2024 @ 7:25 pm By Omar Faridi  |  

Wormhole brings World ID to Solana as new World ID integrations take off globally. Interoperability platform Wormhole, a recipient of the Worldcoin Community Grants Wave, has successfully “completed its efforts to bring World ID to Solana, enabling builders on the layer 1 blockchain to join… Read More

September 11, 2024 @ 2:27 pm By Omar Faridi  |  

We recently connected with Tristan Frizza, Founder of Zeta Markets. Notably, Solana recently hit $1.811 billion in DEX trading volume, capturing almost 10% of the market, as reported by Zeta Markets. This surge, fueled by Solana’s fast transaction speeds and low fees, has also led… Read More

September 9, 2024 @ 7:22 pm By Omar Faridi  |  

The landscape of Layer–1 blockchains has evolved significantly in recent years. Networks like Bitcoin, Ethereum and Solana form the backbone of the cryptocurrency ecosystem, each offering unique approaches to scalability, security, and decentralization. This, according to a report from Coin Metrics. Coin Metrics pointed out… Read More

August 22, 2024 @ 10:32 am By JD Alois  |  

The Brazilian Securities and Exchange Commission (CVM) has now approved two Solana-based ETFs (SOL). The first was approved earlier this month, offered by a Brazilian asset manager QR Asset, according to reports. The second was approved this past week. Solana joins a global movement of… Read More

August 15, 2024 @ 6:15 am By Omar Faridi  |  

Bitcoin Suisse, a firm focused on enabling Swiss crypto investments and a trusted gateway for digital assets, has announced the integration of Solana (SOL) into its custodial staking services. This addition enhances Bitcoin Suisse‘s existing Solana offerings, which “include trading and custody, creating a comprehensive… Read More

August 13, 2024 @ 10:08 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Solayer, a restaking network on Solana. Their aim is to empower on-chain decentralized applications (dApps) with “improved network bandwidth while securing the L1 at the same time.” Built natively on Solana, Solayer… Read More

August 7, 2024 @ 10:11 pm By Omar Faridi  |  

Anchorage Digital Bank N.A., the only federally chartered crypto bank, is announcing expanded support for the Solana ecosystem. In addition to native SOL, institutions can now “custody SPL tokens from the safety and security of Anchorage Digital Bank.” The SPL token standard governs how tokens… Read More

August 3, 2024 @ 5:32 pm By Tony Zerucha  |  

YouHodler chief of markets Ruslan Lienkha and risk manager Sergei Gorev were asked about recent movements in the cryptocurrency world, including Circle’s IPO and Solana price movements. YouHodler is a firm that offers a wide range of Web3 Fintech services to ensure a seamless connection… Read More

July 30, 2024 @ 4:05 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) may be withdrawing its charges against third-party crypto tokens like Solana’s SOL as well as Polygon’s MATIC. These digital tokens have been part of the regulator’s lengthy case against crypto exchange Binance, Breaking: #Solana $SOL is no longer… Read More

June 27, 2024 @ 3:19 pm By Omar Faridi  |  

Bitcoin ETF issuer VanEck has reportedly filed an application for a Solana ETF in the United States. As noted by VanEck’s head of digital assets research, it is the first firm in the US to file for a Solana ETF. VanEck, which is notably one… Read More

June 16, 2024 @ 11:50 pm By Omar Faridi  |  

Circle is pleased to announce the expansion of their Web3 Services to support the Solana blockchain. This is a key milestone as they aim to “build a comprehensive and robust platform that empowers businesses and developers to build and launch on-chain apps.” Starting with Programmable… Read More

May 30, 2024 @ 8:26 am By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal’s stablecoin faster and cheaper to use. The availability of PYUSD on Solana provides users “with the choice of multiple blockchains allowing for increased flexibility and control.”… Read More

May 15, 2024 @ 8:10 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD), which recently received a Wells Notice from the SEC, has announced a series of new features offered by Robinhood Crypto specifically designed for its customers in Europe, including staking, localized apps, crypto rewards for new customers, and updated Learn & Earn modules. These… Read More

May 2, 2024 @ 3:42 pm By Omar Faridi  |  

The team at CoinGecko has examined the market share of blockchains in terms of their trading volume in a new report. CoinGecko has shared insights on which blockchain has the most trading volume in an extensive research study. As stated in the research report, Ethereum… Read More