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At CoinfoMania, we are committed to delivering accurate, unbiased, and up-to-date cryptocurrency news and insights you can trust...

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Find easy to understand crypto guides on Coinfomania covering the basics of Bitcoin, blockchain technology and altcoins.

XVG Archives

XVG Archives | Coinfomania

Charles Harrison

Charles Harrison is a technophile, a methodical and astute fellow, with a passion for content development and creative writing. He is also a fan of Bitcoin and blockchain technology. Charles is personable and pleasant, and definitely his own self, ever ready to follow through to the end what he has started. His boundless humor and mercurial temperament cloaks a deeply philosophical mind.

Verge is a decentralized cryptocurrency that enhances user privacy and security by obscuring IP addresses and location information.

Verge For Beginners: The Ultimate Guide

As the markets tanked at the beginning of 2018, Verge (XVG) was one of the few cryptocurrencies that kept climbing. In fact, there were only two coins that showed positive performance during 2018, and Verge was one of them. With a variety of uses for blockchain and coins, there is a good chance that Verge ... <a title="Verge For Beginners: The Ultimate Guide" class="read-more" href="https://coinfomania.com/verge-for-beginners-the-ultimate-guide/" aria-label="Read more about Verge For Beginners: The Ultimate Guide">Read more</a>

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DeFi News

The latest DeFi news and updates. Learn how decentralized finance protocols, powered by blockchain networks like Ethereum, is disrupting traditional finance.

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Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

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OTHER Archives

OTHER Archives | Coinfomania

Nwani Mishael

Defrost Finance, a decentralized finance (DeFi) protocol built on the Avalanche blockchain, has just been hacked for $173,000 worth of funds. Following the exploit, the native token for the project saw a sharp decrease in its value. Defrost Hacked for $173k Peckshield, a blockchain security firm, revealed details of the attack via a Friday tweet. ... Read more

Avalanche-Based DeFi Platform Defrost Finance Loses $173k to Hackers

Defrost Finance, a decentralized finance (DeFi) protocol built on the Avalanche blockchain, has just been hacked for $173,000 worth of funds. Following the exploit, the native token for the project saw a sharp decrease in its value. Defrost Hacked for $173k Peckshield, a blockchain security firm, revealed details of the attack via a Friday tweet. ... <a title="Avalanche-Based DeFi Platform Defrost Finance Loses $173k to Hackers" class="read-more" href="https://coinfomania.com/defrost-finance-loses-173k-to-hackers/" aria-label="Read more about Avalanche-Based DeFi Platform Defrost Finance Loses $173k to Hackers">Read more</a>

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Crypto Exchange News

OTH Archives

OTH Archives | Coinfomania

Elendu Benedict

Crypto exchange Bullish has canceled its proposed merger with Far Peak Acquisition Corporation. In a statement on its website, Bullish stated the $9 billion deal with the special-purpose acquisition firm wouldn&#8217;t go on as planned. The deal was called off on a mutual agreement with the two firms, joining a growing list of SPAC deal ... Read more

Crypto Exchange Bullish Calls off SPAC Deal Citing SEC Delays

Crypto exchange Bullish has canceled its proposed merger with Far Peak Acquisition Corporation. In a statement on its website, Bullish stated the $9 billion deal with the special-purpose acquisition firm wouldn&#8217;t go on as planned. The deal was called off on a mutual agreement with the two firms, joining a growing list of SPAC deal ... <a title="Crypto Exchange Bullish Calls off SPAC Deal Citing SEC Delays" class="read-more" href="https://coinfomania.com/crypto-exchange-bullish-calls-off-spac-deal-citing-sec-delays/" aria-label="Read more about Crypto Exchange Bullish Calls off SPAC Deal Citing SEC Delays">Read more</a>

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NFT News

Tezos

English team Manchester United has minted close to one million non-fungible tokens (NFTs) on the Tezos blockchain. The numbers available on Tezos NFT platform Objkt underline the value of NFTs for connecting with sports audiences. Tezos is a smart contract protocol for issuing new digital assets and creating decentralized applications (dApps). The blockchain came into ... Read more

EPL Team Manchester United Nears 1 Million NFTs Minted on Tezos

English team Manchester United has minted close to one million non-fungible tokens (NFTs) on the Tezos blockchain. The numbers available on Tezos NFT platform Objkt underline the value of NFTs for connecting with sports audiences. Tezos is a smart contract protocol for issuing new digital assets and creating decentralized applications (dApps). The blockchain came into ... <a title="EPL Team Manchester United Nears 1 Million NFTs Minted on Tezos" class="read-more" href="https://coinfomania.com/man-united-nears-1m-nfts-on-tezos/" aria-label="Read more about EPL Team Manchester United Nears 1 Million NFTs Minted on Tezos">Read more</a>

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Ethereum (ticker: ETH, or &#8220;Ether,&#8221; for short) is an open-source blockchain that powers smart contracts and decentralized applications (dApps). Open source, meaning middlemen, like banks, are not needed to create or run programs. Thus, it is often called the backbone of Web3 because it is where most of the action happens in crypto—DeFi, NFTs, gaming, and more. Ethereum, which was launched in 2015 by Vitalik Buterin, Gavin Wood, and Joseph Lubin, is different from Bitcoin. It is programmable, which means developers can build applications directly on its network. That is why it is perceived as the foundation of everything from decentralized finance (DeFi) platforms to NFT marketplaces and even blockchain-powered games. Ethereum has come a long way since its early days, with different upgrades, improving security, scalability and the works. One notable fork was The Merge in 2022, moving it from Proof-of-Work (PoW) to Proof-of-Stake (PoS)—a shift that cut energy consumption by 99.9% and set the stage for future advancements. The latest news in the Ethereum Foundation is the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors, while former director Aya Miyaguchi has stepped in as president. How does Ethereum work? Ethereum runs on a decentralized network of nodes that maintain the blockchain. Instead of miners, validators—who stake ETH—now secure the network and verify transactions. Central to it is the Ethereum  Machine (EVM), a decentralized computational powerhouse that runs smart contracts. These contracts, written in Solidity, execute automatically—no middlemen, no trust issues, just pure code. For transparency and security, every transaction is put down on a public ledger. With thousands of nodes worldwide, Ethereum remains resistant to central control or attacks—a key reason why it is so widely in use. Ethereum vs. Other Cryptocurrencies Ethereum sets the standard for blockchain-based applications. Bitcoin is great as a store of value and making transactions, but Ethereum&#8217;s strong suite is smart contract functionality. Obviously, newer blockchains like Solana, Avalanche, and Cardano are stepping up the competition, offering lower fees and faster transactions. But Ethereum still leads DeFi, NFTs, and enterprise adoption, and the upcoming Ethereum 2.1 upgrade (with sharding) will handle scalability to keep it ahead of the other blockchains. The Role of Blockchain in Ethereum Ethereum’s blockchain does a lot more than just process transactions. It supports popular token standards like: ERC-20, which is used for fungible tokens (think stablecoins, governance tokens, and DeFi tokens). ERC-721 is the foundation of NFTs, enabling ownership of digital art, collectibles, and more. By removing traditional financial middlemen, Ethereum fuels the DeFi industry, allowing secure lending, borrowing, and trading without banks. Investing in Ethereum Is Ethereum a Good Investment? Ethereum is one of the strongest digital assets out there—a thriving ecosystem with a huge developer community and constant innovation. The move to PoS slashed its carbon footprint and made it greener than before. Plus, Ethereum’s large DeFi, NFT, and Layer 2 ecosystem pumps its long-term value. That said, crypto is well-known for volatility. Ethereum’s price swings are influenced by market trends, regulations, and macroeconomic shifts. For example, ETH has dropped 12.56% in the last seven days, showing that bearish pressure still acting. But the bigger picture looks better. The Ethereum 2.1 upgrade (expected in late 2025) will introduce sharding, boosting scalability and bringing down transaction fees. Add in Layer 2 solutions like Optimistic Rollups and zk-Rollups, and Ethereum&#8217;s congestion issues may soon be a thing of the past. For HOLDLers, these upgrades could be a game-changer, making Ethereum even more competitive. Investment Strategies &amp; Best Practices If you&#8217;re thinking of investing in Ethereum, strategy matters. Here are some tried-and-tested approaches: Dollar-Cost Averaging (DCA): Buying ETH at regular intervals reduces risk from price swings. Staking: Earn passive income by staking ETH while contributing to network security. Diversification: Don’t go all-in—balancing Ethereum with other assets helps spread risk. Long-Term vs. Short-Term Holding Buy-and-hold investors see Ethereum as an essential piece of the decentralized future. They believe it will reshape industries beyond finance. Short-term traders play the price swings for quick gains—high risk, high reward (but not for the regular traders). Legal &amp; Regulatory Considerations Crypto regulations are a moving target. Some countries embrace Ethereum, while others impose strict restrictions. Investors should stay informed about tax laws, compliance rules, and potential legal risks before making big moves. How to Buy &amp; Trade Ethereum How to Buy Ethereum Getting your hands on Ethereum is pretty simple: Choose an exchange – Binance, Coinbase, Kraken, or Gemini are all solid choices. Create an account – Sign up and complete identity verification. Deposit funds – Use fiat currency or other cryptos. Buy ETH – Place an order based on your budget. Transfer to a wallet – Keep it secure in a personal wallet, not just on an exchange. Best Exchanges to Trade Ethereum Ethereum is available on almost every major crypto exchange, including: Binance Coinbase Bybit Kraken Gemini MEXC Global OKX Gate.io Transaction Fees &amp; Trading Costs Ethereum&#8217;s gas fees fluctuate based on network activity. When demand is high, fees can get expensive. Some exchanges also charge varying trading fees, so compare costs before trading.  Ethereum Wallets &amp; Security Best Wallets for Ethereum To secure your ETH, choosing the right wallet is very important: Hardware Wallets (Cold Storage) – Best for security (Ledger Nano X, Trezor Model T). Software Wallets (Hot Wallets) – More convenient but online (MetaMask, Trust Wallet, Exodus). Exchange Wallets – Easy to use, but riskier due to potential hacks. Paper Wallets – Highly secure but impractical for daily use. Security Best Practices Enable Two-Factor Authentication (2FA) for extra protection. Use strong, unique passwords. Store private keys offline in a secure location. Watch out for phishing scams and shady links. Ethereum Adoption &amp; Future Growth Key Partnerships &amp; Innovations Ethereum is everywhere, powering: DeFi platforms like Uniswap and Aave NFT marketplaces such as OpenSea Enterprise solutions backed by Microsoft and JPMorgan Major upgrades are also coming: Ethereum 2.1 (late 2025): Introducing sharding for better scalability. Layer 2 solutions: Optimistic Rollups &amp; zk-Rollups will make transactions faster and cheaper. Final Thoughts: Ethereum&#8217;s Future Potential President Donald Trump announced that ETH, BTC, XRP, SOL, and ADA will be part of the U.S. Crypto Strategic Reserve. This move began a market surge, with BTC surpassing $93,000 and ETH rising nearly 5%. At the moment, ETH is priced at $2,379.39 (CoinMarketCap) as of writing, and forecasts suggest a 21.26% increase, which would take its value to $2,894.68 by April 2, 2025 (CoinCodex).  Despite this projected rise, market sentiment remains bearish, with the Fear &amp; Greed Index at 33, indicating that many investors are cautious about entering the market right now. Ethereum has recorded 40% green days in the last 30 days, meaning it has seen positive price movements 12 times out of the last 30 days. Volatility remains relatively high at 7.98%, signaling that price swings could continue in the short term. The short-term forecast indicates that Ethereum’s price will fluctuate over the next week, with a slight dip on March 6 before rebounding to $2,507.53 by March 8, 2025, marking a 5.08% increase from today’s price. Going beyond the near term, Ethereum&#8217;s performance for the rest of 2025 is expected to be much better. CoinCodex suggests that ETH will trade in a price cap between $2,269.03 and $6,880.35, with a middle price of $4,452.55 for the year. The potential return on investment based on these predictions could be as high as 189.30% by the year-end.  ETH is expected to break past the $3,000 mark in April, eyeing a maximum of $4,297.56, and by May, it could climb to $6,055.70 if the trend continues. The months of August, September, and October could see ETH testing new highs, with potential prices reaching between $5,491.05 and $6,880.35. Pros &amp; Cons of Investing in Ethereum Pros: Strong developer community and continuous innovation. Huge adoption across DeFi, NFTs, and enterprise sectors. Transition to Proof-of-Stake (PoS) improves energy efficiency and scalability. High liquidity and market capitalization ensure stability. Cons: High gas fees during network congestion. Scalability issues compared to newer blockchains. Regulatory uncertainties in various countries. Potential risks from Ethereum competitors. Community &amp; Developer Support Ethereum has one of the largest known blockchain development communities. Vitalik and the Ethereum Foundation continue to support ecosystem growth. The Devcon and ETHGlobal conferences point to ongoing innovations, helping to engage the developer network. Is Now the Right Time to Invest in Ethereum? For quick-profit traders, the current market conditions suggest that ETH is not in a good buying zone, as the bearish sentiment and technical indicators point to potential near losses. Albeit, for growth-focused investors, Ethereum’s roadmap and strong tokenomics make it a solid investment for those willing to wait out volatility.  With the upcoming Ethereum 2.1 upgrade and increased institutional support, Ethereum’s future looks strong. Still, competition and external risks should be considered before making investment decisions.

ETH Archives

ETH Archives | Coinfomania

The total number of blockchain wallets that have interacted with DeFi protocols surpassed the five million mark.

DeFi-Linked Wallets Surpass Five Million in 2022 Despite Bear Market

DeFi users have grown massively this year despite the crypto market downturn. The total number of blockchain wallets that have interacted with DeFi protocols surpassed the five million mark for the first time, a new report by HashKey Capital reveals.  Further, the emerging niche saw its user growth increase by an average of 44% each ... <a title="DeFi-Linked Wallets Surpass Five Million in 2022 Despite Bear Market" class="read-more" href="https://coinfomania.com/defi-wallets-surpass-five-million-2022/" aria-label="Read more about DeFi-Linked Wallets Surpass Five Million in 2022 Despite Bear Market">Read more</a>

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Uniswap is a decentralized cryptocurrency exchange that runs on the Ethereum blockchain and allows users to conduct a token swap without any third parties involved. Launched in 2018, the DEX has grown to become the largest by trading volume and allows high liquidity with a great range of tokens. Its model is based on an automated market maker (AMM); trades are facilitated without traditional order books thanks to liquidity pools. UNI is Uniswap’s native token that gives holders governance right to vote on protocol upgrades and changes. Now Uniswap, as a DeFi pioneer, takes part in the crypto market&#8217;s development. How Does Uniswap Work? The funds are traded within the liquidity pools themselves — users can supply a pair of tokens, such as ETH and DAI, together, and their tokens become liquidity. These pools are used to execute trades by swapping tokens inside of it, and trades are settled by the constant product formula (x * y = k), which determines the price of them. All of this is done so that this formula will result in the product of the reserves of these items remaining constant, while prices are adjusted dynamically based on supply and demand. The liquidity providers earn a share related to their contribution for a small share of the trading fees, typically 0.3% trading fees per trade. This model does away with the traditional order books, which means there is no time of the day or day of the week in which the trading automation is turned off (Uniswap Docs). Uniswap and Other Decentralized Exchanges It is a testament to the growing support for Uniswap in both users and tokens, which have flocked to the DEX with high liquidity and extensive adoption of their tokens. Competitors like SushiSwap, PancakeSwap, and Curve Finance offer unique features. Binance Smart Chain contains PancakeSwap, which gives lower fees and Curve Finance, which deals a lot in stablecoins with low slippages. The multi-token pools can have custom weights provided by the Balancer. With competition, Uniswap has the first-mover advantage, upgrades continue (i.e. concentrated liquidity in V3), and strong community support, it keeps the top spot (DEX Comparison). Technology Behind Uniswap Each liquidity pool is made up of a pair contract, which holds reserves of tokens, and both run on Ethereum using smart contracts. The token adheres to the ERC-20 standard, which allows it to be compatible with many tokens. Open-source protocol, licensed with GPL, and through non-upgradeable contracts, the protocol promotes its transparency and security. It uses a constant product formula of type x * y = k, from which prices adapt according to its AMM model. The architecture of Uniswap is compatible with cross-chain functionality on blockchains such as Polygon (Uniswap V2 Overview) and Optimism (Uniswap V2 Overview). Is Uniswap a Good Investment? If you invest in UNI, it&#8217;s similar to exposure to DeFi growth as well as participation in governance. Protocol changes can be voted by UNI holders and help to shape the protocol’s future. Analysts give price predictions ranging from UNI being valued at $40 by 2027 to $100 or more by 2030, pumped up by DeFi’s expansion. However, there are risks such as market volatility, regulatory uncertainties, and competition. Legal and Regulatory Considerations 2025 As DEX such as Uniswap are evolving, the regulations are evolving in 2025. In the U.S., the question of whether different cryptocurrencies fall into the category of securities (under SEC jurisdiction) or commodities (that of CFTC) is open to debate and has implications for DEX compliance. Decentralized platforms may have a difficult time staying in compliance thanks to their permissionless nature, but the Markets in Crypto-Assets (MiCA) regulation that will serve as the EU’s framework is considerably more tamper-proof.  In the world, there are significant differences when we talk about DEX regulatory approaches, some countries accept them, and some restrict them. In terms of regulatory outlook, users must stay updated on local laws, as regulatory changes can have an effect on the UNI value or Uniswap operations. How to Buy and Trade on Uniswap You will need a compatible wallet like MetaMask or Coinbase Wallet to trade on Uniswap.  Connect your wallet, go to the Uniswap interface (Uniswap App), choose tokens to swap (e.g. ETH for UNI), and set the slippage tolerance to 0.1% to 1%. Check transaction details, including gas fees and confirm in your wallet.  You should have enough ETH to cover the gas, which is affected by network congestion. Additional fees are associated with the approval of token on first-time swaps. Always check contract addresses to prevent yourself from scams. Uniswap Wallets and Security There are several supported wallets that include MetaMask, Ledger, Trust Wallet and Coinbase Wallet among others. As users control their funds, it is very important for security. Best practices include: For large holdings, hardware wallets (Ledger Nano X) can be used. Enabling two-factor authentication (2FA) where available. Verifying contract addresses before interactions. Keeping wallet software updated. The complete locking of the seed phrases safely, including avoiding phishing. Check transaction history regularly for unauthorized activity (Wallet Guide). How to Secure Your Uniswap Holdings Proactively securing UNI and other tokens is required. Hardware Wallets stores large amounts offline, such as with Ledger. 2FA: Enable two-factor authentication on wallets. Confirm contract addresses to prevent malicious interactions with contracts. Tolerance: Here you have to set how much slippage to accept to avoid being front run. Stay up to date about DeFi scams and security practices through education. Private keys and seed phrases must not be shared. Approval Revocation: Revoke unnecessary token approvals. To minimize risks, monitor transactions and use trusted platforms (Security Tips). Uniswap Adoption and Use Cases With millions of users and a monthly trading volume in the billions, Uniswap is one of the cornerstones of DeFi. Its use cases include: Token Swapping: Exchanging ERC-20 tokens directly from wallets. Pools earn you fees by providing the liquidity they request. Meets: DeFi integration, including lending, borrowing, and yield farming. Cross-Chain Trading: Operating on Polygon, Optimism, and other blockchains. Governance: protocol development will be in the hands of UNI holders. This makes the innovation permissionless, so anyone can try to create a token pair. Future Outlook &amp; Potential of Growth at Uniswap Looking at Uniswap’s future, the future is quite promising because of: Growing DeFi Adoption — The more DeFi is adopted, the more relevant Uniswap becomes. Multi-Chain Support: Deployment on a number of blockchains is enabled. V3’s feature of the concentrated liquidity and potential V4 breakthroughs improve the efficiency. UNI holders govern UNI through adaptive development. Pros and Cons of Investing in Uniswap   Pros  Cons   Market leader with high liquidity  High price volatility   Governance participation via UNI  Regulatory uncertainties   Growth potential with DeFi  Competition from other exchanges   Ecosystem utility (fees, staking)  Technical risks (smart contracts)   Final Thoughts They are pioneers in decentralized finance by providing a permissionless platform that allows for trading and liquidity provision. Its AMM model has rocked crypto trading for years, and its expansion to multiple blockchains means it now has more reach. UNI, however, provides for investment opportunities, but this comes with the risks, namely, volatility and regulation. At Uniswap’s origin, one can already see the ability of decentralized technologies to change finance. For this reason, Uniswap is among the key players to keep an eye on in the developing crypto scene.

UNI Archives

UNI Archives | Coinfomania

As the decentralized exchange (DEX), Uniswap, continues to grow, a community member has now proposed for the leading DEX to deploy its services on another blockchain. Over the weekend, Ilia Maksimenka, the CEO of the decentralized platform 0xPlasma labs, released a proposal to deploy Uniswap v3 on BNB Chain, the blockchain housing the world&#8217;s fourth ... Read more

DeFi Platform 0xPlasma Labs Proposes Launch of Uniswap on BNB Chain

As the decentralized exchange (DEX), Uniswap, continues to grow, a community member has now proposed for the leading DEX to deploy its services on another blockchain. Over the weekend, Ilia Maksimenka, the CEO of the decentralized platform 0xPlasma labs, released a proposal to deploy Uniswap v3 on BNB Chain, the blockchain housing the world&#8217;s fourth ... <a title="DeFi Platform 0xPlasma Labs Proposes Launch of Uniswap on BNB Chain" class="read-more" href="https://coinfomania.com/defi-platform-0xplasma-labs-proposes-launch-of-uniswap-on-bnb-chain/" aria-label="Read more about DeFi Platform 0xPlasma Labs Proposes Launch of Uniswap on BNB Chain">Read more</a>

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Read all the latest opinions and comments from cryptocurrency and blockchain industry experts plus the activities of financial institutions.

USDT

Tether (USDT) operates as a digital dollar, launched in 2014 to match the US dollar&#8217;s value 1:1. Now in 2025, it remains crypto&#8217;s most-used stablecoin because it solves a key problem: volatility. When crypto prices swing wildly, traders park funds in USDT. Businesses use it for cross-border payments without traditional banking delays. Three factors explain its dominance: actual dollar reserves (unlike some stablecoins), acceptance on every major exchange, and compatibility with multiple blockchains. Though not for earning profits, USDT has become essential infrastructure &#8211; like digital cash that makes the crypto economy function smoothly every day. How Tether (USDT) Maintains Its Value Tether&#8217;s stability comes from a simple promise: every USDT in circulation is backed by real assets. Here&#8217;s how the system functions: The 1:1 Dollar Backup Tether Ltd. holds actual dollars/safe investments for each USDT created. These reserves include bank deposits and short-term bonds. Independent accountants verify the funds periodically. Token Management New USDT enters circulation when users deposit dollars. The process works in reverse when redeeming tokens. This inflow/outflow mechanism keeps the price steady. Unlike regular cryptocurrencies that rise and fall, USDT mimics traditional money &#8211; but with blockchain&#8217;s speed for transfers. The company&#8217;s transparency about reserves helps maintain trust in the peg. Tether and the Crypto Ecosystem Unlike traditional cryptocurrencies that fluctuate in value, USDT serves as a stable bridge within the digital asset space. Its fixed $1 value creates essential stability for three key crypto activities: How Traders Use USDT With Other Coins Acts as a safe parking spot between Bitcoin/altcoin trades. Allows quick exit from volatile positions without cashing out to fiat. Serves as the base trading pair for most crypto assets. Tether Unique Advantages Over Volatile Cryptocurrencies Maintains value when other coins crash. Processes transactions faster than moving actual dollars. Available on more exchanges than any single cryptocurrency. While Bitcoin and Ethereum capture headlines, Tether quietly powers the day-to-day operations of crypto markets through its unique stability. The Tech Powering Tether (USDT) USDT works across multiple blockchain networks including Ethereum, Tron, Solana and Kaia. This multi-chain approach gives users flexibility to select the most suitable network for their transactions based on speed, cost or compatibility needs. By operating on several platforms, Tether enables more efficient and adaptable digital dollar transfers. By supporting multiple blockchains, Tether ensures faster and more flexible transactions. Each network has its own advantages—Ethereum offers wide adoption, Tron provides low fees, Solana ensures high-speed transfers, and Kaia brings new possibilities. This adaptability makes USDT a convenient option for traders, investors, and everyday users. The infrastructure behind Tether is designed to maintain smooth cross-chain transfers. Whether moving funds between exchanges or using them in decentralized applications, USDT’s technology helps maintain stability and efficiency. Working across multiple blockchains helps Tether connect regular money systems with cryptocurrency markets more effectively. Is Tether (USDT) a Smart Investment? USDT is built to maintain a fixed $1 value, not to increase in price like other cryptocurrencies. Its main purpose is providing stability and liquidity in crypto markets. While USDT won&#8217;t increase in value, it helps traders avoid price swings when moving between assets. Tether serves specific functions rather than being an investment asset: Key Characteristics Price-stable by design (always targets $1 value). Acts as a safe harbor during crypto market storms. Enables instant transfers between exchanges. Practical Uses Serves as a trading pair for 80%+ crypto transactions. Allows quick exit from volatile positions. Facilitates cross-border payments with low fees. Considerations Not for profit-seeking investors. Faces ongoing regulatory scrutiny. Requires trust in reserve backing. While USDT won&#8217;t generate returns, it plays a vital role as crypto&#8217;s most liquid dollar substitute. Rules and Regulations for Tether in 2025 Tether faces stricter oversight in 2025, especially in Europe under new crypto rules (MiCA). Since USDT hasn&#8217;t sought EU approval, some European exchanges now limit its trading. Meanwhile, Tether plans a separate U.S. dollar stablecoin to meet American regulations, showing its attempts to navigate different countries&#8217; financial laws. How to Purchase and Trade Tether (USDT) Purchasing USDT is straightforward: Pick a trusted exchange (like Binance or Coinbase) that offers USDT trading. Register an account and finish the required ID checks. Deposit Funds: Add funds to your account using fiat currency or other cryptocurrencies. Buy USDT: Place an order to purchase USDT. Store Securely: Transfer your USDT to a secure wallet for safekeeping. Tether (USDT) Wallets and Security Tether holders can choose from different wallet types based on their security needs and usage frequency: Cold Storage (Maximum Security) Hardware wallets (Ledger/Trezor) keep USDT completely offline. Immune to online hacking attempts. Requires physical device for transactions. Hot Wallets (Convenient Access) Mobile/desktop apps (Trust Wallet, Exodus) enable quick transactions. Suitable for frequent traders. Less secure than hardware options. Exchange Accounts (High Risk) Useful for active trading. Vulnerable to platform breaches. Not recommended for long-term holdings. The safest approach combines hardware wallets for savings with software wallets for smaller, usable amounts. Protecting Your Tether (USDT) Assets Security Measures Cold Storage for Large Amounts: Use hardware wallets like Ledger or Trezor to keep bulk USDT offline and hacker-proof Two-Step Verification: Turn on 2FA for all exchange and wallet logins to block unauthorized access Software Maintenance: Install the latest updates for wallets and devices to patch security gaps Scam Awareness: Double-check website URLs and sender emails before entering credentials or sending tokens Proactive Habits Separate Storage: Keep spending amounts in hot wallets and savings in cold storage Transaction Verification: Always review recipient addresses before sending &#8211; copied addresses may be malware-generated Backup Protection: Secure wallet seed phrases in fireproof/waterproof containers, never digitally Tether (USDT) Adoption and Use Cases Tether (USDT) continues expanding its real-world usage through strategic partnerships and market dominance. Its recent integration with Kaia blockchain via LINE NEXT exposes the stablecoin to millions of Asian users familiar with mobile payments. This push into everyday spending complements its established role in crypto trading and finance. Key Use Cases Cross-border payments: Enables fast, low-cost money transfers globally. Crypto trading: Serves as the most traded pair on exchanges. DeFi lending: Backs over 73% of crypto loans as preferred collateral. Mobile commerce: Powers transactions in LINE&#8217;s web3 ecosystem. Inflation hedge: Used in unstable economies to preserve value. The stablecoin&#8217;s multi-chain presence and liquidity make it a versatile tool across both traditional and decentralized finance systems. Tether (USDT) Future Outlook &amp; Growth Potential Growth Factors Regulatory compliance efforts strengthen institutional trust Potential U.S.-focused stablecoin shows adaptation to local laws Ongoing blockchain integrations expand accessibility Reserve transparency improvements address audit concerns Challenges Increasing competition from government-backed digital currencies Regulatory scrutiny across multiple jurisdictions Need to prove 1:1 backing during market stress Potential Developments Deeper banking partnerships for smoother fiat conversions More merchant adoption through payment processors Enhanced utility in smart contract platforms The stablecoin&#8217;s future depends on balancing innovation with financial safeguards as the digital asset landscape evolves. Benefits and Drawbacks of Tether (USDT) Pros Steady Value: Always equals $1, avoiding crypto price swings. Easy Trading: Available on nearly all crypto exchanges. Fast Transfers: Enables quick, low-cost payments globally. Cons Legal Risks: Faces ongoing government scrutiny worldwide. Central Control: Run by one company, not decentralized like Bitcoin. Limited Investment Potential: Not designed for capital appreciation. Conclusion Tether remains the go-to digital dollar for crypto markets, offering a safe harbor when prices swing wildly. Though handy for quick trades and money moves, users must keep up with new rules and guard their tokens carefully. Tether must regularly prove it has enough cash reserves and follow global financial rules to stay relevant.

USDT Archives

USDT Archives | Coinfomania

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Learn the benefits of accepting USDT for your online business and how to get started.

Five (5) Benefits Of Accepting USDT for Businesses

When it comes to client payments, businesses are increasingly using cryptocurrencies. In this blog post, we&#8217;ll talk about the benefits of accepting USDT for businesses. A form of cryptocurrency known as USDT has lately grown in popularity since it enables clients to conduct transactions swiftly and easily. This article will highlight some of the finest ... <a title="Five (5) Benefits Of Accepting USDT for Businesses" class="read-more" href="https://coinfomania.com/benefits-of-accepting-usdt-for-businesses/" aria-label="Read more about Five (5) Benefits Of Accepting USDT for Businesses">Read more</a>

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Crypto Startup News

Binance Coin (BNB) is owned by the world’s leading cryptocurrency exchange platform. This multi-functional cryptocurrency gives the BNB holder the power to use the coin on the Binance exchange system.  Binance uses  Secure Asset Fund for Users (SAFU)  to cover up the losses of its platform users. BNB operates on the Binance Chain and BNB smart chain (BSC) by utilizing a proof of staked authority (PoSA) consensus mechanism to validate the transactions on its chain seamlessly.  The whole Binance ecosystem emphasizes lower trading fees and decentralization. You can use BNB on Binance to trade, earn interest, stack, lend cryptocurrencies, and pay fees. Binance&#8217;s advanced security system, which uses two-face authentication (2FA), safeguards users&#8217; assets.  The key feature of this space is its burn mechanism, where a portion of the BNB token is regularly removed from circulation, reducing the total supply and increasing the value of BNB over time. There are various features a Binance user can avail of, such as staking &amp; yielding farming, cross-chain compatibility, security, NFT and metaverse integration, and more.   Binance is compared to other mega cryptocurrencies like Bitcoin, which takes 10 minutes to bring finality, and Ethereum 12, which Binance offers only in 1 second. The platform&#8217;s scalability is very high compared to Bitcoin, thanks to its BSC; other than this, the Binance supply of 200 million is higher than Bitcoin&#8217;s fixed supply of 21 million.  BNB Chain (the smart contract execution layer) is this space blockchain that is homegrown and created by Binance. This blockchain is an open-source space that helps users create, store, and exchange with a commitment to offer speed and scalability. This smart chain is part of the BNB Becon chain, which is a staking and governance layer.  Investing in Binance Coin (BNB) If you are a savvy investor looking to invest in Binance (BNB), this coin is a great option. With the potential to experience substantial growth in the future, BNB is currently trading at $603.38 with a market cap of $85.99 as of March 5, 2025. Investment Strategies &amp; Best Practices Binance Coin (BNB) is one of the giants of the crypto market and hugely contributes to the crypto world. BNB is one of the most liquid cryptos and is also widely traded, so as a beginner or advanced trader, a solid strategy is required to ace and captivate. Focus on the below steps to create an effective strategy.  If you are starting trading in BNB or investing in this crypto for the long or short term, then remember the crypto is highly volatile and has high liquidity. It is crucial for individuals to have technical clarity because it is a highly contributing component in any investment strategy.  Top 5 Tips To Create an Investment Strategy For BNB These top 5 tips for creating effective investment strategies for BNB are helpful for both beginner and pro traders or investors.  1. Moving Averages: Concept Moving averages (MAs) knowledge is essential to identify the trend pattern and to read the chart. Using both short- and medium-term MAs enables traders to align with prevailing market conditions. Trading indicators: 20-period EMA (short-term) buy signal when the 20EMA crosses above the 50EMA. 50-period EMA (medium-term) exit signal when 20 EMA cross below the 50 EMA. Tip: Test different EMA settings to optimize for your specific trading style. 2. Breakout Trading with Bollinger Bands If you are wondering, what are these Bollinger Bands? Then it is a popular technical indicator used to measure market volatility, so it is an important contributor to the trading investment strategy. Coming to the breakouts, they occur when prices pass the boundaries, which signal price movements.  Technical Indicator: Bollinger Bands (20, 2) during the buy signal enter long when the price closes above the upper band with increased volume. During the sell signal, you need to exit when the price falls back to the middle line or displays weakness.  Tip: Wait for a second candle to confirm a breakout beyond the band; make sure to pay attention to the volume. If it is a high volume, then it’ll strengthen the breakout&#8217;s validity. Combine with VWAP to confirm the breakout direction. 3. Momentum Trading with RSI RSI identifies overbought or oversold conditions, helping traders spot potential reversals or trend continuations. Setup: RSI (14) buy signal when RSI exit oversold (&lt; 30); if this is the case, then make an exit. Sell signal when RSI enters overbought (&gt; 70); if this is the case, then make an exit.  Tip: Adjust the RSI period based on your preferred timeframes and asset volatility. 4. Divergence Analysis with RSI Divergence occurs when price action contradicts the RSI trend; this is a signal of market reversal. Setup: Use RSI (14) and look for price vs. RSI discrepancies. A bullish divergence scenario occurs when the price makes a lower low; this is also the entry point, but the RSI forms higher lows. However, if a bearish divergence case is there, then enter short or exit long when the price makes higher highs but the RSI forms lower highs.  Tip: Use higher timeframes like 1-hour or 4-hour charts to reduce noise. 5. Ascending Triangle for Continuation Patterns The ascending triangle pattern indicates a bullish continuation when the price forms higher lows, converging with a flat resistance line. Setup: Identify the ascending triangle on your chart. A buy signal is when the price breaks above the resistance line with a strong volume; this is the chance to make an entry into the market, but if the price re-enters the triangle or shows signs of weakening momentum, this is a sell signal, so make an exit to prevent loss.   Tip: Set profit targets using Fibonacci extensions based on the triangle&#8217;s height. Long-Term vs Short-Term Holding To maximize your earnings through BNB trading, a well-crafted combination of multiple strategies will work for both long-term and short-term traders. Here is how you can create one.    You can create a strategy by combining multi-indicator confirmation, such as Bollinger Bands and RSI, which will help you know breakout strengths. To know the breakout strengths, then check if the price moves outside the band and RSI, which means it is a bullish momentum.  Trend and reversal pairing is a great part of strategy. You can use moving averages to follow trends or identify trends and pair them with RSI divergence for early reversal signals. This will allow you to ride the trend but also spot potential turning points early.  Add VWAP to any strategy to validate price movements. If a breakout occurs above VWAP, it confirms the trend is likely to continue, giving more confidence in the move. For both short-term and long-term traders, it is very important to employ effective risk management to prevent any losses.  Risk Management Tips Stop-Loss Placement: Use the Average True Range (ATR) to adjust stop-loss levels dynamically based on market volatility, protecting your capital when the market is choppy. Position Sizing: Only risk 1-2% of your portfolio on each trade. This helps protect your account from large losses if the market moves against you. Trailing Stops: Use trailing stops to lock in profits as the price moves in your favor. This ensures you don’t give back too much profit if the trend reverses. How to Buy &amp; Trade Binance Coin (BNB) The best place to buy Binance Coin (BNB) is Binance Space because it will give you an advantage with transactions to the BNB holders. You get discounted trading fees, and it allows you to participate in staking and token launches. With a secure storage option, short-term investors can be comfortable with the Binance wallet. To make the account on Binance (BNB), verify your identity, select the BNB and USD once the account is live, choose your payment method, choose your payment gateway, confirm the transaction, and you will see the BNB in your Binance wallet.  Transaction Fees &amp; Trading Costs Binance&#8217;s transaction fees vary based on your account level and Binance holding. However, the standard spot trading fee is 0.10% per trade, and if you are already a BNB holder, then you can avail yourself of the discounted fees and get a 25% discount, reducing fees to 0.075%. The higher the BNB holding, the more the fees are reduced. It is important to remember that on BNB Network (BEP20), withdrawal fees vary, and on Binance Chain, it is usually lower fees, and on BNB on Ethereum, it is higher fees due to the Ethereum gas cost. Also, Binance does not charge any fees for BNB, but the network fees may apply depending on your blockchain.   Binance Coin (BNB) Wallets &amp; Security When it comes to the security of your Binance Coin (BNB) holding, then choosing a safe, secure, and user-friendly wallet is a must. Below are different types of wallets that you can choose to safeguard your BNB holding.   Binance Chain Wallet is a great wallet to secure your managing BNB and other Binance Chain (BEP2) and Binance Smart Chain (BEP20) tokens. It is a non-custodial wallet, and you can use it as a browser extension, but it offers limited functionality outside of the Binance space.   Trust Wallet is a non-custodial; it is a mobile-friendly wallet to secure your BNB and other cryptos. You can backup your assets; this is a decentralized wallet that gives you full control of your private key, but it is only available for mobile devices.  For the highest security, Ledger Nano X is a hardware wallet or custodial wallet that allows you to store your BNB offline (cold storage). It supports multiple cryptocurrencies and is ideal for long-term storage, though it requires purchasing a physical device. How to Secure Your Binance (BNB) Holdings To ensure that your BNB holdings are safe, make yourself habitual of major security practices such as enabling Two-Factor Authentication (2FA) on all wallets and exchanges to add an extra layer of protection. Hardware and custodial wallets are great options for long-term investors looking to maintain their BNB holdings. Hardware wallets such as Ledger Nano X and Trezor offer superior security because they store your private key offline, which protects against online attacks. Always secure your private keys and recovery phrases in a safe place to avoid losing your funds in non-custodial wallets. The latest version of your wallet software is   so make sure that you regularly update the wallet because it will protect you from threats by maintaining security against vulnerabilities while incorporating up-to-date protection features. Investors should download wallets exclusively from official sites while maintaining vigilance against phishing scams before entering sensitive information. Binance Coin (BNB) Adoption &amp; Use Cases Binance Coin (BNB) has several partnerships and integrations, such as Binance Launchpad, that use the BNB token, allowing the projects to raise funds directly in BNB. Then, there is a native asset of Binance, which is  Binance&#8217;s decentralized exchange (DEX), that powers the full Binance space by allowing peer-to-peer trading without the need for an intermediary. DEX contributes hugely to the Binance space because it will enable the issuing of new tokens, burning tokens, and proposing new trading pairs.  Several merchants have integrated BNB as payment, such as retailer Newegg and luxury watch dealership Chronext. In fact, a travel booking platform called Travala.com also allows the use of BNB to book accommodations. BNB is also increasingly adopted in e-commerce, allowing users to buy using this crypto. There are e-commerce spaces like Shopping.io that enable purchases from major retailers like Amazon, Walmart, and eBay using BNB.   Final Thoughts on Binance Coin (BNB) Binance Coin (BNB) has strong future growth potential that is driven by ongoing developments, innovation, and increased usage of the Binance exchange platform. BNB is getting highly adopted, which is resulting in an increased global presence. BNB’s utility and demand are expected to grow; however, as a savvy investor, you need to make sure to be updated with the current market condition. BNB has several pros, but it also has cons that investors need to understand before making any move.  On the positive side, BNB benefits from reduced trading fees, staking rewards, and a deflationary burn mechanism that enhances its long-term value. On the downside, BNB heavily relies on Binance, which makes it filled with risk and volatility. The BNB has a big worldwide community, and developers are always contributing to making it a great space. With continuous upgrades to Binance Smart Chain (BSC) and a thriving ecosystem of dApps and smart contracts, this space is user-friendly.  Whether now is the right time or not, your investment move depends on your knowledge of the market and your grip on effective investment strategies. With Binance’s dominance in the crypto space, BNB remains a compelling asset, but independent research is crucial before making any investment.

BNB Archives

BNB Archives | Coinfomania

Lucky Ebosele

Hong Kong-based gaming software company Animoca Brands is planning to launch a $2 billion fund dubbed &#8220;Animoca Capital&#8221; to support metaverse businesses, according to a report by Nikkei Asia on Wednesday, citing an interview with the company&#8217;s co-founder and Executive Chairman Yat Siu.  Siu confirmed that the fund&#8217;s first investment is expected to happen in ... Read more

Animoca Brands Plans to Launch $2 Billion Metaverse Fund: Report

Hong Kong-based gaming software company Animoca Brands is planning to launch a $2 billion fund dubbed &#8220;Animoca Capital&#8221; to support metaverse businesses, according to a report by Nikkei Asia on Wednesday, citing an interview with the company&#8217;s co-founder and Executive Chairman Yat Siu.  Siu confirmed that the fund&#8217;s first investment is expected to happen in ... <a title="Animoca Brands Plans to Launch $2 Billion Metaverse Fund: Report" class="read-more" href="https://coinfomania.com/animoca-brands-plans-to-launch-2-billion-metaverse-fund-report/" aria-label="Read more about Animoca Brands Plans to Launch $2 Billion Metaverse Fund: Report">Read more</a>

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Taiwan Indicts Nine in $6.2M Crypto Fraud Case with Binance's Assistance

Chimamanda Marcel

Leading global cryptocurrency exchange Binance has acquired 100% of Sakura Exchange BitCoin (SEBC) despite the intense crypto winter.  According to the official announcement, SEBC is registered under the Japan Financial Services Agency (JFSA), which controls the country&#8217;s financial market. Binance to Operate in Japan as Regulated Exchange  SEBC&#8217;s acquisition allows Binance to operate in its ... Read more

Binance Buys 100% Shares of Sakura Exchange BitCoin Amid Bear Market 

Leading global cryptocurrency exchange Binance has acquired 100% of Sakura Exchange BitCoin (SEBC) despite the intense crypto winter.  According to the official announcement, SEBC is registered under the Japan Financial Services Agency (JFSA), which controls the country&#8217;s financial market. Binance to Operate in Japan as Regulated Exchange  SEBC&#8217;s acquisition allows Binance to operate in its ... <a title="Binance Buys 100% Shares of Sakura Exchange BitCoin Amid Bear Market " class="read-more" href="https://coinfomania.com/binance-buys-100-shares-of-sakura-exchange-bitcoin/" aria-label="Read more about Binance Buys 100% Shares of Sakura Exchange BitCoin Amid Bear Market ">Read more</a>

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Solana is one of the cryptocurrencies designed to work similar to Ethereum which hosts decentralized and scalable applications. It is an open-source network initially proposed by Anatoly Yakovenko in the year 2017. Later, in March 2020, San Francisco-based Solana Labs officially launched Solana as one of the digital assets in the crypto market. How Does Solana Work? Based on current market sentiment, today, Solana has set its stage in the crypto world, ranking as the 11th largest crypto coin in market capitalization. As a beginner, you might be wondering how Solana works. Here we go. Every blockchain functions in its unique way, and Solana is no exception. This unique blockchain can be operated on a decentralized computer network, which aims to manage databases, track the currency, and effectively record each transaction to verify the data&#8217;s integrity. Without any intermediaries, this decentralized network calls itself the fastest blockchain in the crypto world as it verifies over 65000 transactions per second at low-cost fees.  Solana Vs. Ethereum As Solana was designed to work similarly to Ethereum, this rapidly evolving crypto asset is frequently known as Ethereum killer. Ethereum, the king of the Smart contract platforms, has dominated the decentralized application (dApp) for several years. However, after Solana&#8217;s emergence, market participants suspect SOL as a formidable competitor of ETH. Because Solana boasts multiple speedy transactions per second, Ethereum&#8217;s Proof-of-Work mechanism limits its capacity to around 15 transactions per second. SOL Vs. ETH Technical Perspectives Solana employs Proof-of-Stake (PoS) and Proof-of-History (PoH) mechanisms.  Ethereum employs a Proof-of-Stake mechanism, which makes ETH expensive. This PoS mechanism allows users to create and build decentralized applications by leveraging smart contracts.  Solana&#8217;s Technology The heart of Solana is its innovative blockchain technology, built with a blend of delegates&#8217; Proof-of-Stake and Proof-of-History consensus mechanisms. Solana uses these consensus models to remove the performance bottlenecks caused by blockchain software, making the Solana ecosystem more scalable, secure, and decentralized.  PoS &#8211; This consensus model allows validators to verify transactions PoH &#8211; This consensus model permits the verified transactions to be time-stamped, contributing to speedy performance.  Is Solana a Good Investment in 2025? As you have gained basic knowledge of Solana, you might be puzzled whether Solana is a good investment. Right? Undoubtedly, Solana is one of the fast-growing ecosystems offering incredible speedy transactions at low-cost fees. Experts predict that Solana prices could grow consistently and hover around $750 by the end of 2025. Hence, investing in Solana&#8217;s (SOL) has strong potential growth in the future. Like other digital assets, Solana has its riskiness. From centralization concerns to crypto regulatory challenges, several causes could affect its progress. Always be sure to accept the riskiness involved in any asset before investing. Solana&#8217;s Investment Strategies Are you planning to invest in Solana? Then, a sound investment strategy is crucial. Here are a few essential factors you should consider before investing in SOL.  Deep Market Research: The foremost thing you should do is do deep research to understand Solana&#8217;s blockchain, market sentiment, and potential risks and rewards  Set Funding Goal: Determine the fund you are ready to afford your losses. Diversify Crypto Portfolio: To mitigate risks, it is always a good idea to invest in different assets instead of a single token. Dollar-Cost Averaging: Traders should invest a fixed price regularly. Because this strategy might help you navigate during market volatility.   Secure Wallet: Use a reputable wallet to store your assets and prevent them from being hacked.  Solana&#8217;s Legal and Regulatory Consideration 2025 On March 02, 2025, US President Donald Trump announced the creation of a &#8220;Strategic Crypto Reserve&#8221; for the top-leading tokens like Solana. Further, on February 28, 2025, CME Group unveiled that they plan to roll out future contracts on the Solana network on March 17. If the US Securities and Exchange Commission approves this regulatory framework, Solana could reach a new high in the upcoming days. How to Buy and Trade Solana? In recent market volatility, Solana has rapidly gained popularity among traders as it leads the blockchain platform in the crypto world with high-speed and low-cost transactions. Hence, many newbies and long-term traders are looking to invest in it. So, do we buy or trade Solana&#8217;s SOL? Let&#8217;s delve into finding the best way to invest and trade SOL. How to Buy Solana? To buy Solana, it is essential to sign up for a reputable account on the regulated crypto exchange and fund it to buy Solana&#8217;s SOL. Some of the conventional platforms to purchase Solana are: Robinhood Revolut eToro Binance Jupiter Orca How to Trade Solana?  The first step to trading Solana is to create an account on a secure Solana wallet on Phantom, Sollet, and more. These types of wallets allow traders to send, receive, and store your crypto assets more safely. The next step is connecting it with DEX and start trading. Best Exchanges to Trade Solana There are two types of exchanges available on the market for trading: Centralized and Decentralized exchanges.  Centralized Exchanges Don&#8217;t have a Solana Wallet yet? The best places to buy and sell SOL on the centralized exchanges are: Binance Coinbase Kraken Robinhood Revolut  eToro Decentralized Exchanges Some of the decentralized crypto wallets that traders can use to buy and sell Solana are: Raydium Orca Jupiter  Solana&#8217;s Transaction Fees Upon Trading One of the most significant aspects that attracts investors&#8217; attention to Solana is its low transaction fees. On average, a single SOL transaction costs about $0.00025. Who pays the transaction fees? Traders who initiate a SOL transaction should pay the transaction fees. Solana Wallets and Security Choosing the best Solana Wallet is always essential when looking to securely manage the SOL tokens engaged with the Solana ecosystem. With Software or Hot wallets, users can store their private keys and seed phrases online to prevent security risks like hacking and unauthorized access. On the other hand, some traders and crypto investors prioritize self-custody or hardware wallets to generate private keys in secure chips and store them offline, ensuring secure asset management. Some of the Hardware wallets that support Solana SOL are: Ledger Flex  Ledger Stax Ledger Nano S Plus Trezor Tangem Some of the Software Wallets that support Solana SOL are: Phantom Exodus Solflare MetaMask Atomic How to Secure Solana Holdings? Every investor seeks to secure the crypto assets in their wallet to avoid getting drained by hackers. How? Choose the Wallet type: Browser, Mobile, Desktop, or Hardware. Get the respective wallet form from the official source. Create a wallet account with the Solana wallet address. Back up your Private key and seed phrases. Fund the wallet. Start purchasing and trading SOL. Solana Adoption and Use Cases Solana is used by various decentralized applications (dApps) across multiple web3 sectors. Furthermore, Solana&#8217;s SOL is becoming more potent in the NFT market, enabling efficient minting and sales of digital arts. As the gaming industry is the next-generation digital economy, many gamers look for speedy, scalable, and secure infrastructure in the online world. With high speed and scalability, Solana supports decentralized gamings built on its blockchain network.  Solana&#8217;s Future Outlook and Potential Growth Based on the Solana price analysis, Solana&#8217;s current market activity projects a bearish sentiment in the marketplace. But that&#8217;s not a red flag for its future potential. As of now, Solana is attempting to swing upside to break the key resistance. If it succeeds in its attempt, Solana could encounter bullish momentum and reach a new high in the upcoming days.  Pros and Cons of Investing in Solana Pros Scalability Low transaction fees Fast transaction fees Rapid economic growth Cons Complexity Security risks Network outages Legal and regulatory concerns Final Thoughts  Whether you are a skilled professional or a beginner at Solana, this detailed outlook might have provided valuable insights. Based on today&#8217;s market analysis, Solana is projecting a bearish momentum. But if it breaks the key resistance and climbs upward, SOL could encounter an upward price trajectory that leads to a new high. Keep monitoring the key levels to find its next move and invest accordingly. Since the crypto investment involves risks of losing your fund, we suggest doing a market analysis with technical indicators on the daily chart to determine the right time to invest in Solana. 

SOL Archives

SOL Archives | Coinfomania

Leading Solana-based self-custodian wallet Phantom said Tuesday it would expand across the Ethereum and Polygon blockchains to enable user interaction on both platforms through the launch of its multi-chain wallet.  The protocol is the second crypto project from the Solana ecosystem to add support to external blockchains this month. Recall that Magic Eden had on ... Read more

Popular Solana-based Wallet Phantom Expands to Ethereum and Polygon

Leading Solana-based self-custodian wallet Phantom said Tuesday it would expand across the Ethereum and Polygon blockchains to enable user interaction on both platforms through the launch of its multi-chain wallet.  The protocol is the second crypto project from the Solana ecosystem to add support to external blockchains this month. Recall that Magic Eden had on ... <a title="Popular Solana-based Wallet Phantom Expands to Ethereum and Polygon" class="read-more" href="https://coinfomania.com/popular-solana-based-wallet-phantom-expands-to-ethereum-and-polygon/" aria-label="Read more about Popular Solana-based Wallet Phantom Expands to Ethereum and Polygon">Read more</a>

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