Solona

California resident Mark Young has filed a class-action lawsuit against big players in the Solana ecosystem and Multicoin Capital. Young filed the complaint in the US District Court for the Northern District of California in the past week. He claims several Solana parties illegally profited from the sale of Solana (SOL), the native token of the Solana blockchain. The filing names Solana Labs, the Solana Foundation, Solana co-founder Anatoly Yakovenko, crypto VC giant Multicoin Capital, Multicoin co-founder Kyle Samani, and…

Solana Mobile, a subsidiary of Solana Labs, announced the launch of its Android smartphone, Saga on Thursday. The flagship phone, which debuted at a New York event, has unique functionalities based on the Solana blockchain. It allows users to carry out transactions in web3, including managing their tokens and NFTs.  Saga sets a new standard for the web3 experience on mobile,” Anatoly Yakovenko, Solana’s co-founder, said at the event. Yakovenko pointed out that Saga was created to meet the steady…

Twitter competitor and “free speech” proponent,  Parler, has just shared news of the release of a new premium marketplace. Parler hopes its forays into NFT will help to gain new audience.  Parler to Attract a Pro-Crypto Crowd For the creators of the social media app, the goal is to appeal to and engage to a fresher form of audience. Parler, which has been compared often to Twitter, is suggested to be right-leaning.  However, the app’s leadership is open to entertaining…

In recent days, the Solana network has registered another outage linked to the congestion of its network. It is not the first time the system has suffered from these problems, and the market is starting to worry. Today we will better understand the problem of network congestion, starting from the functioning of Solana Mainnet Beta. Solana is not the first blockchain to find itself in this situation, but the market hopes that newer systems will solve this problem. About Solana…

The cryptocurrency market has attracted different profiles of investors over the years. From experienced traders to people who had never invested before, the enthusiasm for the sector continues to grow. Investors more inclined to risk generally love the high average volatility of cryptocurrencies. If we exclude the stablecoins phenomenon, we know that the weekly price change in the market can be increased. It is good to keep in mind that volatility is a double-edged sword. When the market goes up,…

We’ve seen celebrities. We’ve seen athletes. Now, a former first-lady has entered the NFT game. Recently, Melania Trump – wife of 45th US President Donald Trump –announced that she would begin releasing NFTs on MelaniaTrump.com. Partial funds raised from these collectibles will support children aging out of foster care. Melania Trump NFTs? The former first lady announced her upcoming collection in a statement over Twitter on Thursday. The first NFT she plans to release, Melania’s Vision, will be available from…

Blockchain-based cryptocurrencies and protocols have had a significant environmental impact. But the efforts to minimize crypto’s carbon footprint will take some time. Still, the good news is that over 4,500 token options exist for investors. Also, they have sustainable and long-term growth potential. In 2023, blockchain cryptocurrencies made it easier for individuals to perform secure financial transactions. Moreover, the idea of no intrusiveness from third parties like a bank, court, or monetary authority appeals to users. No wonder users now…

Kineko, a sports betting and prediction markets protocol, is officially migrating to Solana. High gas fees and slow speed of transactions made the company behind it reconsider its presence on the Ethereum network. At times, users would have to pay hundreds of dollars per bet, which kept a lot of them out. Neither gas fees or transaction speed is an issue with Solana. Specifically, Solana's scalable model allows for much cheaper and faster transactions. Thus, the network is more effective…

SOL has been one of the standout performers in the crypto industry for the past few weeks. The coin gave many investors a haven, especially when the market started to go sideways. Most coin prices were taking a beating, but SOL stood firm. There is no doubt that the SOL resurgence has been impressive. The coin’s performance over the past few weeks has been incredibly inspiring. But, unfortunately, you often see a large-cap coin standing firm even when the entire market is…