Is Solana Truly Decentralized? Solend’s Actions Sparks Debate
The Solana network has been growing in popularity among decentralized finance (DeFi) enthusiasts. The success of many projects on the platform has drawn developers to it and with the developers have come to the investors. With the market crash, many networks in the market have suffered due to declining prices, having to put in various […]
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The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address. Solana Defi Application Solend Loses $1.26 Million in Oracle Exploit The crypto community has seen two significant hacks in the last 24 hours, and one of them stemmed from the decentralized finance (defi) protocol Solend. The team’s official Twitter account tweeted about the loss after it said it suffered from an oracle attack....
Roger Ver, a self-described bitcoin evangelist who renounced his U.S. citizenship and lives in Japan, was recently banned from Reddit for referring to the bitcoin administrator Theymos by his real name, but soon had his account restored. His actions, and those of Reddit, have raised questions in the bitcoin community about how censorship decisions are made in community forums. Comments on Reddit indicated the banned post was up for 12 hours. Much of the Reddit discussion became mired in the debate between the two bitcoin subreddits, r/btc r/bitcoin, a conflict with roots in the bitcoin....
Brave, the company behind the Brave browser, has partnered with Solana to provide support for the blockchain directly from its browser. According to a press release, the Brave browser will now default to Solana for cross-chain and decentralized app support. Brave users, that are now in the millions, will have access to a Solana wallet within the app. This feature is expected to roll out during the first half of 2022.
Brave Partners With Solana to Offer Dapp Support
Brave, the company in charge of the development of the Brave browser, a leading privacy-first web browser, has....
Whether Bitcoin and Ethereum are rivals, complementary, or two separate entities, remains a topic of debate. The next five years could be critical for both ecosystems. For quite some time now, there has been a debate on whether Ethereum will overtake bitcoin or not. Even though comparing the two cryptocurrencies is unfair, it looks like people favor Bitcoin to increase in value. An upcoming Kraken Investment Case Study will provide some valuable insights as to how this comparison will play out. Answering the question of “Bitcoin or Ethereum?” seems a bit futile, yet it sparks interesting....
The decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana.
Solana’s Orca Gets an $18 Million Capital Raise
On Wednesday, the Solana-based decentralized finance (defi) service Orca revealed the team has raised $18 million in a Series A funding round. The investment, Orca says, will “jumpstart our path toward making Orca....