Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Solana Foundation"


6 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 will be 'a great year for crypto adoption,' Solana Foundation saysAustin Federa, head of strategy at the Solana Foundation, said that the traditional finance space is "really starting to embrace crypto in a way it wasn't before."
Persons: Austin Federa Organizations: Solana Foundation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Solana co-founder Raj GokalCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Raj Gokal of Solana discusses the latest at the Solana Foundation, and what's ahead for the platform.
Persons: Raj Gokal, explainers, Solana Organizations: Solana, Raj Gokal CNBC, Solana Foundation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood reports 18% drop in crypto transaction revenue in Q2: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Raj Gokal of Solana discusses the latest at the Solana Foundation, and what's ahead for the platform.
Persons: explainers, Raj Gokal, Solana Organizations: CNBC Crypto, CNBC, Solana Foundation
Over 50 cryptocurrencies worth over $100 billion in total and making up about 10% of the overall market, are now viewed by the SEC watchdog as securities, according to CCData. Among major players, for example, solana , polygon and cardano have sunk between 23% and 32%. Bitcoin and ether weren't named in the SEC's lawsuit, nor were stablecoins such as tether and USC Coin. By contrast, bitcoin investors who have held their coins for more than five months appeared relatively calm and accounted for just 1.9% of deposit volume. Investment products tracking altcoins have seen positive - albeit small - net inflows this year, in contrast to bitcoin and ether, Coinshares data showed on Monday.
Persons: Vetle Lunde, Ryan Rasmussen, solana, Lucas Kiely, Alex Thorn, Noelle Acheson, James Butterfield, Lisa Mattackal, Medha Singh, Pravin Organizations: U.S, SEC, K33 Research, solana, Securities, Bitwise Asset Management, Reuters Global Markets, Cardano Foundation, Solana Foundation, Reuters, Polygon Labs, Reuters Graphics Reuters, USC, BTC, ETH, Firmwide Research, Galaxy Digital, Pravin Char, Thomson Locations: cardano, altcoins, Bengaluru
Sam Bankman-Fried was a big supporter of Solana, the layer-1 blockchain that bills itself as a faster alternative to Ethereum's network. He backed projects on its ecosystem, and his firms amassed huge sums of the blockchain's native token, also called Solana (SOL). The disgraced former crypto mogul backed projects in its ecosystem, and his firms amassed huge sums of the blockchain's native token, also called Solana (SOL). Meanwhile, Bankman-Fried's hedge fund Alameda Research and crypto exchange FTX purchased large sums of SOL tokens from the Solana Foundation, the nonprofit that supports the blockchain, and Solana Labs, the blockchain's developer. That's despite the fact that around 80% of projects on Solana's blockchain had zero exposure to FTX, Yakovenko told Bloomberg.
Solana, once praised as a viable rival for Ethereum, has tumbled almost 70% since the collapse of Sam Bankman-Fried's empire, and is down 94% in 2022. The disgraced crypto founder said over the summer that Solana was the most underrated cryptocurrency. The latest decline comes as more crypto projects bail on the Solana ecosystem. FTX and Alameda had purchased over 50.5 million Solana tokens — now worth about $500 million — that would remain "locked" until 2028. Meanwhile, Solana Compass data cited by Forbes showed that Alameda's liquidators now hold over half a billion dollars worth of the crypto.
Total: 6