Phantom, a Solana-based crypto wallet announced that it will allow users to start burning non-fungible-tokens (NFTs) to protect Solana users from crypto scammers. This comes weeks after the Solana blockchain was the victim of the latest crypto theft with thousands of users reporting their funds being drained without their knowledge. “Spam is a hard problem to […]
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Crypto wallets based on the Solana blockchain were the latest victim of crypto theft. The attack has affected popular hot Solana wallets including Phantom, Slope and TrustWallet. A hot wallet can be operated on mobile and the web. It allows users to store, send, and receive tokens. Solana is a blockchain that works on the […]
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Mainstream companies and regulators are feeling the ripples coming from the crypto industry Mainstream companies and regulators are feeling the ripples coming from the crypto industry As several crypto firms reported falling revenues in the second quarter of 2022, a growing number of traders are facing the ripple effect of the meltdown spreading from the crypto […]
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Crypto traders reported that their SOL cryptocurrency and USDC stablecoins had been stolen Crypto traders reported that their SOL cryptocurrency and USDC stablecoins had been stolen Cryptocurrency traders who invested in Solana, the ninth biggest blockchain by market cap, were alerted today to an alleged security exploit which saw thousands of wallets being drained of […]
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“Till yesterday, everything was ordinary. I even used Phantom (Solana-based crypto wallet) for making a transaction last night,” Wade Green, a Solana community member who lost more than $10,000 in crypto told indianexpress.com that he is “stunned”, after losing his life savings. The Solana blockchain appears to be the victim of the latest crypto theft […]
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As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are now betting that bitcoin is bottoming out, judging by the money heading into listed cryptocurrency funds, which represent just a slice of the market yet are popular among institutional and retail players alike. Overall flows into such […]
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Solana’s co-founder in an interview with CNBC asserted that Bitcoin needed to change to Proof-of-Stake (PoS) to remain relevant. However, it looks like PoS is not working very well for Solana. The Solana blockchain has been experiencing multiple outages since May. As a result, validators in the network were not processing new blocks for several […]
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As cryptocurrency goes mainstream, everyone is talking about its impact on the environment. A single Bitcoin transaction has a bigger carbon footprint than 100,000 hours of YouTube videos. This is not just Bitcoin’s problem. Almost every other crypto coin that works on the Proof-of-Work (PoW) consensus mechanism faces the same issue—it is more energy-intensive. But […]
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