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)…
FTX’s FTT token lost roughly 30% of its value in the last 24 hours after 1.9 million FTT tokens — worth roughly $44 million at the time — were moved from the Genesis over-the-counter (OTC) Desk to FTX on Nov. 8, according to Wu Blockchain. FTT suddenly plunged 14% in 1 hour, and SOL fell…
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…
The $100 million exploit of Solana-based decentralized protocol Mango Markets has sent the value of its native token MNGO and that of SOL spiraling down over the last 24 hours. CryptoSlate data shows that the MNGO token fell more than 40% in the last 24 hours to $0.02396. During this period, SOL also shed roughly…
An overwhelming majority of Helium’s (HNT) community has voted to migrate the wireless network to layer1 blockchain Solana (SOL). According to available information, the HIP 70 proposal received 6,177 votes (81.41%) in support of its plan, while 1,270 were against it. The vote ended in the early hours of Sept. 22, and roughly 15 million HNT…
Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL) even as voting commenced on the migration proposal. Two top executives of Algorand urged Helium developers to reconsider their stance on Solana because ALGO’s network offers a better option. Algorand’s chief technology officer John Woods tweeted that ALGO’s blockchain…
The highly anticipated Solana-based y00ts NFT collection is finally live, with 6,500 owners minting the collection within the first 24 hours, according to OpenSea data. The collection’s floor price rose to as high as 186 SOL ($6138) before retracing to 172 SOL ($4300) at press time. The y00ts NFT collection was meant to launch on…
Helium’s HNT token is in freefall as it has lost roughly 9% of its value in the last 24 hours –the highest over this timeframe– according to CryptoSlate data. Sept. 5 Top 5 Biggest Losers (Source: CrypoSlate) On the seven days metrics, HNT is down by 37%, falling from a high of $6.20 to as…
Blockchain-powered wireless network Helium (HNT) is considering migrating to Solana (SOL) blockchain in a new proposal published on August 30. The HIP 70 proposal explains that the migration to Solana would improve the network’s operational efficiency by giving Helium access to Solana developer tools, applications, and features. The proposal seeks to make three major changes:…