Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog post. According to the Foundation, it also had 3.43 million FTX tokens (FTT) and 134.54 million Serum (SRM)…
Google Cloud has announced a ground-breaking partnership with Solana. One of the world’s largest cloud service providers will become an integral part of the Solana network and bring Solana into its wide array of products and services. The company said that it will be running a block-producing Solana validator that will enable it to participate…
Cloud service provider Hetzner has stopped providing its services to Solana (SOL) validators, according to a screenshot shared by stake pool operator SolBlaze on Nov. 2. 🚨⚠️ Hetzner just kicked off all @solana nodes hosted on their infrastructure. ⚠️🚨 Over 20% of stake weight on mainnet-beta is delinquent, with thousands of validators offline. If you…
FTX founder Sam Bankman-Fried has hinted that the exchange could soon be listing Cardano’s ADA for spot trading in an Oct. 23 tweet. definitely not the case! we have https://t.co/mST1XOz1mv listed internationally; adding spot ADA too is on our roadmap — SBF (@SBF_FTX) October 23, 2022 According to SBF, FTX International has ADA perpetual contracts…
Layer-1 blockchain Solana (SOL) is faced with a class-action lawsuit in California filed by Mark Young, an investor in the token. According to the court filing, the Solana Foundation, Anatoly Yakovenko, Solana Labs, Multicoin Capital, and FalconX profited from the sale of an unregistered security. Mark Young had bought SOL between August and September 2021…
After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests regulatory concerns and geopolitical turmoil have diminished investor interest in both the Americas and Europe. $80 million of the outflows…
This year has not been favorable to the price actions of neither bitcoin (BTC) nor ether (ETH), the two major cryptocurrencies by market cap. Bitcoin started out this year trading at $47,370 but has since then fallen to $38,945 at press time. Looking at ether, the story is the same, or even worse as the…
Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap. After a long period of testing, Symbiosis announced its beta mainnet launch which enables instant swaps with no need for special software–leveraging a simple solution for moving liquidity across different chains. The core of the Symbiosis…
Crypto investment products attracted large inflows in the Americas last week, versus minor outflows recorded in Europe, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests enduring investor interest despite the geopolitical unrest which spurred a sell-off in risk assets. Bitcoin attracts $95…
Silicon Valley and big tech firms are increasingly losing talents and high-profile individuals to the greener pastures of the crypto industry. Green as in the freshness and the horizon of opportunities, and green as in money. As CryptoSlate reported last month, It’s becoming evident that Web3 and the wider crypto- and blockchains space is becoming…