To take advantage of the Web3 potential in Dubai, Solana Foundation, the non-profit behind the layer-1 blockchain Solana, has become an ecosystem partner with the Dubai Multi Commodities Centre (DMCC), the biggest free trade zone in the United Arab Emirates. According to the announcement, Solana will be able to provide
From one of the primary wallet addresses on the Solana blockchain, an address controlled by the FTX trustee staked 5.5 million SOL tokens, with an estimated value of $122 million as per Solana block explorer SolanaFM. Before this change, SOL investors were worried that the FTX trustee may sell the
SINGAPORE–(BUSINESS WIRE)–Orbit Markets, the leading institutional liquidity provider in digital asset options and structured derivatives, announced today that it was named Most Innovative Solution Provider by Hedgeweek in their prestigious APAC Digital Awards. The Hedgeweek Digital Awards are the pre-eminent awards for excellence and leadership in the digital asset fund
Solana co-founder Anatoly Yakovenko is citing an “obvious” use of cryptocurrencies and blockchain technology. Yakovenko cites straightforward payments as an example of an application of digital assets that may benefit everyone in a recent interview with Austin Federa, Head of strategy at the Solana Foundation. Solana validator indicators such as
It’s often stated that Web3 technologies such as blockchain, cryptocurrency, NFTs, and smart contracts will revolutionize just about every industry on the planet, but for all of the belief, there is little sign that this will happen soon. One of the major obstacles in the path of glory for Web3
Solana’s inflows spiked dramatically last week, putting it above all other altcoins and even Bitcoin. According to a new report from Coinshares, Solana has been receiving a lot of attention due to its recent achievements. The cryptocurrency has gathered about $24 million, marking its greatest influx since March 2022. The
Bitcoin’s growing preeminence over other cryptocurrencies such as Ethereum is highlighted by recent market statistics. Yesterday, there was a significant drop in the value of altcoins, which include all cryptocurrencies other than Bitcoin. As a result of this sell-off, ETH has hit fresh lows against Bitcoin. Since the beginning of
The price of Bitcoin did not see enough volatility over the weekend to push it beyond $28,000 as bearish sentiment looms. Moreover, the bulk of altcoins, including the top 20, have been stuck in a flat trend, with an inclination towards the downside. An in-depth analysis of the Solana ecosystem,
Vitalik Buterin, co-founder of Ethereum, recently put forth ways to address issues of decentralization. He proposes a two-tiered staking mechanism with node operators and delegators as separate participant types. Buterin argued that the network and its users would benefit greatly from this approach and listed many potential advantages. From the
Following an update, the Inspect team has enhanced the features of its Google extension and expanded product offerings Inspect’s new features Downloading Inspect’s extension transforms X and gives users access to an advanced interface providing insights for Web3. In addition to featuring analytics for NFTs, it now empowers users by
