Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Solana
Opera Browser Integrates Solana, Polygon and Others for Users
Following the integration of some major blockchain ecosystems, active Opera users will now benefit from blockchain services and decentralized apps (dApps). Opera revealed earlier today that its Web3 browser will now support eight blockchain ecosystems. Solana, Polygon, StarkEx, and Bitcoin are among these ecosystems, as are IXO, Ronin, Nervos, and Celo. This innovation will also provide its consumers with easy access to blockchains and decentralized app solutions. The company touts Opera Crypto Browser as the world's first Web3 browser, with…
3 years ago
Ukraine Now Accepting Dogecoin and Solana Donations, Says Vice PM
Ukraine is collecting every digital asset it can get to financially support its defense against the Russian invasion. Having amassed millions of dollars in crypto already, the nation’s Vice Prime Minister has announced that they are now accepting Solana and Dogecoin contributions. With this, Ukraine has opened donation addresses for 6 different cryptocurrencies, with possibly more to come. Calling All Crypto Holders In a tweet on Tuesday, Vice PM Mykhailo Fedorov gave thanks to the Solana Foundation and staking platform…
3 years ago
REKT: $326M Hacked From Popular Ethereum-Solana Bridge
Yet another multi-million dollar hack has impacted the crypto ecosystem. This time, it's against Wormhole – a famous cross-chain bridge to bring non-native cryptocurrencies to other blockchain networks. Over $300 million worth of wETH were unfairly generated through a protocol exploit. This comes a month after Vitalik warned the crypto-community of the security flaws inherent with cross-chain protocols and intermediaries. Hours ago, Wormhole warned the community of a potential protocol to exploit over Twitter. The team put the network under…
3 years ago
Solana’s Phantom App Raises $109 Million, Launches iOS App
After reaching 2 million active users in just six months after launch, Phantom released more big news. The crypto wallet for Solana's ecosystem raised $109 million from investors while also launching an iOS app. The firm raised the money in a Series B funding round. Paradigm led the financing round, and a crypto/web3 focused investment firm valued the company at $1,2 billion. Earlier investors also participated, including a16z of Andreessen Horowitz, Variant Fund, DeFi Alliance, Jump Capital, and Solana Ventures. Phantom…
3 years ago
Solana Leads Recovery After Bank of America Endorsement
Solana led other significant cryptos in recovery after a powerful endorsement from a central U.S. investment bank. Its price rose over 7% in the last 24 hours. For comparison, Bitcoin, Ethereum and BNB rose less than 1% in the same period. Solana’s strong performance resulted from a powerful endorsement by a major player. Specifically, Bank of America covered Solana in a research note to its clients. The investment bank said Solana could become the "Visa of digital asset ecosystem" and…
3 years ago
Opera Partners With Solana To Bring Its Web 3.0. Network to Mobile
Web 3.0 is coming. More and more users demand web access on their terms without relying on substantial centralized services. However, the promise of a private, decentralized internet won't come to be without secure browsers that fit well with blockchain. The promise, however, might come one step closer to reality after a new partnership between Opera and Solana. Opera, a browser focused on privacy and crypto, is partnering with Solana Labs to integrate the Solana blockchain network in its browser.…
3 years ago
Crypto Carnage: Bitcoin Down 10k, Altcoins Post Double Digit Losses
On Sunday, Bitcoin dropped more than 16% on its worse trading day since May. The largest crypto traded at a low at $43,000 before settling at above $47,000. Usually, other major cryptos follow Bitcoin's price movements. Unsurprisingly, most major cryptos posted losses in the double digits as well. For example, Ethereum, the second-largest crypto by market cap, dropped 15% to $3,900. Just yesterday, the most significant intelligent contract token traded at $4,600. Binance Coin traded at $545, dropping almost 13%…
4 years ago
Raul Pal Says There’s a ‘Decent Chance’ For Ethereum To Flip Bitcoin
Former hedge fund manager Raoul Pal said that Ethereum could finish the year above $10,000. However, he also thinks that there is a “decent chance” of “flipping” – referring to Ethereum becoming the most significant crypto by market cap, removing Bitcoin from first place. Moreover, he thinks that Ethereum’s competitors will do even better. Raul Pal is a former Goldman Sachs executive and co-manager or GLG, a London-based global macro hedge fund. He has since retired from his position and started…
4 years ago
Cryptos Drop With Bitcoin as After Threats From China – Twitter Rules Out Holding Bitcoin On Balance Sheet
Crypto markets are in the red after a 7-week rally. Major cryptos dropped with Bitcoin on Tuesday, down from record highs just a week ago. Bitcoin was down 7.3% in the last 24 hours. At one point, the largest crypto briefly dipped below $60,000, going as low as $58,702. It later rebounded, trading at around $60,550. At the same time, the largest smart contract crypto Ethereum dropped 9.2% to $4,287. Binance Coin dropped to $583, 9% down in the same period. Solana…
4 years ago