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The Solana blockchain preferred blockchain cryptocurrencies for decentralized marketplaces, and apps will reinforce the network after a major outage. The network is promising to implement more protective steps. The Solana blockchain network went offline on Tuesday due to transaction overload. However, the team managed to get things in action quickly. The price of its crypto token eventually recovered. A “detailed post-mortem” analysis will be issued in the coming weeks, according to the @SolanaStatus Twitter account, after the network suffered an outage of more than 17 hours.…

The European Union recently announced its intention to invest in blockchain technology. By employing of a multi-billion Euro plan, the EU looks to dive into blockchain investments. This venture should enhance blockchain technology use in Europe. The project adds a regional bloc push towards industrialized manufacturing semiconductors. The need arose after a technological shortage forced carmakers to slow down production. European Union Pandemic Recovery Fund On Wednesday, the EU Commission President Ursula Von Der Leyen commented on the move. She termed it…

Crypto exchange platform Coinbase wants to offer futures trading. The exchange needs to get approval from the National Futures Association. The firm has to register with the Commodity Futures Trading Commission.  Afterward, they can proceed with their plans. At the beginning of the year, Coinbase took over Skew. The latter is famous for tracking the derivatives market. Bloomberg reported that Coinbase Financial Markets Inc. was seeking membership regarding an application with the National Futures Association yesterday. Coinbase is one of the best cryptocurrency stocks. For…

Solana is currently experiencing a downward price trend. At press time, the crypto is selling at $157.73, facing a 4.8% loss within a day. The Solana Price dip came a week later when the coin's value made its way to the $200 mark. As per a tweet from Solana, the network has an overload that is encouraging denial of service. A Network Exhaustion on Solana Solana functions as a blockchain network enabling developers to build decentralized applications. The open-source protocol extends…

Fidelity investment firm argues that Bitcoin global markets have already reached maturity. The financial firm recently urged the United States Securities and Exchange Commission (SEC) to approve Bitcoin ETFs. Fidelity presented its Bitcoin exchange-traded fund (ETF) to SEC officials on September 8th. The officials present in the private meeting included several SEC officials. Also, six Fidelity firm executives and Tom Jessop – Fidelity Digital Asset President, were also there. Furthermore, the finance executives present laid out reasons SEC regulators should approve EFT. Some of…

Earlier today, mobile payment company Square announced that it would join the Open Invention Network. The payment platform also joined forces with other companies. Their mission is to reduce patent crypto-related lawsuits and safeguard the development of digital currencies. The Open Invention Network is an institution that helps protect members from Patent issues. Many industries have dealt with patent problems over the years, which stagnated their growth. Therefore, Square fosters the development of crypto by reducing patent lawsuits. Square Joins…

Solana Faces Intermittent Instability as its user's complaints show that transaction blocks are not processing on the network. The last transaction block recorded was 5 hours ago, based on SolScan and Solana Beach block explorers. The project is a platform for dApps created in Solana Labs based in San Francisco. High scalability and low transaction fees are the most attractive features of the project. Addressing the Technical Issue Solana Foundation has confirmed the claims on Twitter. The message reads that Solana mainnet-beta…

The U.S. Senate expects the Securities and Exchange Commission (SEC) Chairholder, Gary Gensler, to appear before them today. According to CNBC, U.S. lawmakers will grill him over the regulation of cryptocurrencies. Moreover, the senate questions the SEC for taking a longer time than expected to endorse the monitoring of cryptos. The Senate Queries the SEC Leader's Plans Gensler will face leaders from U.S. political parties regarding Stablecoins, Bitcoin, and other digital assets. According to reports, Gensler may ask for support…

Kevin O'Leary plans on adding more cryptocurrencies to his portfolio. The shark tank star hopes to expand his digital assets from 3% to 7%. As per Kevin, digital currencies could accumulate trillions if they entirely turn into an asset category. He intends to include more virtual assets as 2021 comes to an end. O'Leary is Comfortable with Crypto The digital currency space is currently under pressure from global regulators. As such, Kevin hopes that U.S regulators can design policies focusing on…