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Tag Archives: SOLUSD

3 Ways to Mitigate Future Network Outages, Solana’s Team Reports

NFT buying frenzy has disrupted not only Ethereum. Solana witnessed the clogging of millions of NFT transactions on its network due to bot activity targeted at such mints. Block production resumed on Sunday, and the operators managed to restart the main network successfully. Mitigation Steps In a new blog post, Solana devs outlined three mitigation steps to tackle such congestion issues. QUIC Adoption: Solana core protocols are being reimplemented atop Google-built protocol...

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Crypto Markets Shed $130B, Bitcoin Dumps to 2-Month Low (Market Watch)

Bitcoin continues to gradually lose value and dropped to a near two-month low of just over $37,000. The altcoins are also deep in the red, with notable price losses from Solana, Cardano, Terra, Polkadot, and many others. Bitcoin Sees 2-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago, as BTC neared $41,000 roughly a week ago but was rejected in its tracks. The subsequent correction drove the asset south...

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Weekend Watch: BTC Below $40K, ApeCoin Soars 14% Ahead of Otherside Sale

Bitcoin failed again at overcoming $40,000 and has returned to even below $39,000. The majority of the altcoins are also in the red once more, but ApeCoin continues to defy the odds ahead of its highly-anticipated Otherside sale. Bitcoin Struggles Below $40K On April 25, bitcoin initiated an impressive leg up, adding nearly $3,000 in hours. Consequently, the asset spiked to almost $41,000 after its recent nosedives. However, this price increase was short-lived as the bears...

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Bitcoin Struggles Below $40K as Sentiment Returns to Extreme Fear (Market Watch)

After dropping below $40,000 earlier this weekend, bitcoin has been unable to reclaim that level despite a few attempts. The rest of the market is also relatively calm today, with ETH sitting beneath $3,000. Bitcoin Stalls Below $40K After the Monday crash, bitcoin went on the offensive and added several thousand dollars in about a few days. As a result, it broke above the January 2021 all-time high of $42,000 and kept climbing. This culminated in a price increase towards...

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Bearish Weekend Watch: Bitcoin Dumps Below $40K, Ethereum Beneath $3K

The adverse price developments continued in the past 24 hours, and bitcoin dropped below $40,000 for the second time this week. The alternative coins are also well in the red, at least most of them, but ApeCoin has defied the market sentiment and soared by double-digits. Bitcoin Lost $40K It was just a few days ago when the primary cryptocurrency spiked to almost $43,000, which became its highest price level in over ten days. This was a particularly impressive price tag...

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Market Watch: Holidays Consolidation as BTC Stagnant at $40K, FIL Soars 11%

The cryptocurrency market continues to be untypically calm, with bitcoin failing to make a decisive move while still standing above $40,000. Most of the altcoin space is in a similar position, except for Filecoin, which soared by double digits. Bitcoin Stands Still at $40K It was just over ten days ago when the primary cryptocurrency failed at $47,000 and started its gradual descent. In a matter of days, the asset found itself dropping to $45,000 and $43,000. Somewhat...

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Weekend Watch: Bitcoin Maintains $42K, Monero at 3-Month High After 8% Spike

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears...

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Crypto Market Cap Drops Below $2T as Bitcoin Slides to 17-Day Low (Weekend Watch)

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...

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OpenSea Officially Adds Support for Solana-based NFTs

The largest digital marketplace for crypto collectibles – OpenSea – officially started listing NFTs minted on the Solana blockchain. “We are currently supporting 165 collections, and adding more every day,” the team announced. OpenSea disclosed that users can now buy and sell Solana NFTs on the marketplace. The company praised the blockchain protocol’s low gas fees, efficient energy usage, and fast transactions. The moment you’ve been waiting for… @Solana is officially on...

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How the $35M Fractal Just Raised Could Rock the NFT Space (Op-Ed)

The announcement came on April 1, but it was no joke. Neither was the amount raised, $35 million USD, a tidy sum. Justin Kan dropped a hint of what was ahead for Fractal last month, tweeting, “Yeah, I built Twitch, it has millions of users & gaming NFTs are way bigger.” Ten days before launching the NFT marketplace on Dec 30 last year, Fractal announced the launch, and by the time it went live, the Fractal Discord had accumulated some 107,000 followers, according to Kan...

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