Tag Archives: solana

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Solana outages have yet again sparked questions about the design of the premier Layer 1 blockchain. The validators tried to restart the network twice over the weekend after the on-chain activity froze. At one time, Solana was processing only 93 TPS. Following the performance degradation, the validator community eventually had to opt for a synchronized chain restart of the network. Solana Outage Again According to the official blog post, the cause of the outage has not been...

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Solana price started a decent increase above the $22 resistance against the US Dollar. The price is now trading above $22 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $24.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $23.40 and $22.60 support levels to start another increase. Solana price is trading above $22 against the US Dollar, similar to bitcoin....

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The hacker who exploited Solana’s cross-chain bridge Wormhole a year ago has moved another $61 million in ether (ETH) of the stolen funds. Blockchain security firm PeckShield disclosed Sunday that the exploiter moved some of the assets to the Ethereum-based decentralized protocol MakerDAO. Wormhole Attacker Moves Stolen Funds Again Recall that Wormhole Bridge was exploited in February 2022 after a vulnerability on the platform enabled an attacker to mint wrapped ETH (wETH)...

Over the past few weeks, traders and analysts everywhere have been talking about how great bitcoin and Ethereum are doing. We’ve also published a few articles talking about the January price booms witnessed by BTC investors. Bitcoin Is in a Good Spot, but What About the Rest? Ending the 2022 year in the mid-$16K range, it appears bitcoin has made its way back up the financial ladder and is now trading for more than $19,000, something we haven’t seen since mid-November of...

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