News

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.

Nwani Mishael

Matter Labs, the blockchain developer team behind zkSync, has finally opened the gates of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet to registered crypto projects. zkSync is a layer-2 Ethereum scaling solution that seeks to eliminate the network congestion faced on Ethereum through zero-knowledge proofs. Through the zkEVM, zkSync offers fast and cheap transactions. On ... Read more

Matter Labs Opens zkSync 2.0 to Crypto Projects

https://coinfomania.com/wp-content/uploads/2019/08/Blockchain-tech.webp

Home

Coinfomania

https://coinfomania.com/wp-content/uploads/logo.webp

https://secure.gravatar.com/avatar/5c51f08647363c926486b9f98d51a7a7a63c35c1de59b7aea06178f6d9560189?s=96&r=g

WilfredMichael

Press Release

Chainwire

Venom Blockchain partners with DAO Maker to incubate Web3 startups focused on real-world applications. Learn more about the initiative...

Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases

Venom Blockchain & DAO Maker Team Up to Boost Web3 Startup

Crypto Exchange News

Chimamanda Marcel

With the United States Securities and Exchange Commission (SEC) going after crypto staking services across the country, Coinbase executives are ready to fight back in court to defend the product if need be. In a Twitter post on Sunday, the company&#8217;s CEO, Brian Armstrong, disclosed that its staking program is not a security and will ... Read more

Coinbase Ready to Fight in Court to Defend Staking Service, Says CEO

Monero

PR Desk

This is a guest author and not a team member at Coinfomania.com. Hence, views and opinions in the article are strictly theirs.

The year 2022 has gone, but it has left its footprints all over the crypto market. Even the top performers of 2021 like Monero (XMR) and Enjin Coin (ENJ) have struggled to maintain their value in the past year. It has been an upsetting year for crypto investors, especially in terms of returns on investment.  ... Read more

Orbeon Protocol (ORBN) Outperforms Monero (XMR) and Enjin Coin (ENJ) With Its 1675% Presale Growth

https://coinfomania.com/wp-content/uploads/Orbeon-Protocol.webp

Crypto Regulation News

Gideon Geoffrey

Gideon Geoffrey is an enthusiastic writer. He admires everything about cryptocurrencies and their underlying blockchain technology.

Deutsche Bank&#8217;s asset management arm, DWS, recently expressed interest in investing in two cryptocurrency firms. The arm selected two German-based platforms in a bid it dubbed an &#8220;effort to revive growth and investor confidence.&#8221; Led by the group&#8217;s CEO, Stefan Hoops, talks are ongoing with Frankfurt-based crypto exchange Deutsche Digital Assets in a bid to ... Read more

Deutsche Bank's Asset Management Arm to Invest in Crypto Firms

Deutsche Bank&#8217;s Asset Management Arm to Invest in Crypto Firms

https://coinfomania.com/wp-content/uploads/2018/09/Investing.webp

Peer today announced the hiring of a specialist team of engineers from Zenly to develop its AI-powered 3D maps. The team, known in tech circles by its codename “Wonka,” developed Zenly’s innovative 3D social maps platform that grew to more than 160 million downloads worldwide and 35 million daily active users in 2022. “Zenly users ... Read more

Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

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.  FAQs 1. What is Solana? Solana is one of the open-source blockchains which hosts decentralized applications (dApps), scalable smart contracts, and non-fungible tokens (NFTs).  2. What is the Consensus mechanism? A consensus mechanism is a system of nodes which is programmed to achieve distributed agreements, trust, and security across decentralized computer networks. In the blockchain network, the Consensus mechanism validates transactions and builds trust among traders.  3. What consensus does Solana use? Solana employs a Proof-of-Stake consensus algorithm with a unique Proof-of-History feature. It enables fast, cost-effective, high-throughput transactions with low latency within the ecosystem.  4. What is Proof-of-History Protocol? Proof-of-history is a cryptographic protocol that creates a historical record to prove the existence of data at a specific time frame.  5. How fast are Solana Transactions? Compared to other blockchains, Solana is one of the fastest blockchains in the crypto world. With its consensus algorithm, this unique blockchain can handle 65000 transactions per second.  6. What is the role of SOL in the Solana Ecosystem? The native cryptocurrency of Solana is SOL. Primarily, SOL can be used in the Solana Ecosystem for the major reasons like  Multiple transactions Secure Staking Participating in Governance decisions.  7. Can Solana&#8217;s SOL be used to buy NFTs Yes. Solana&#8217;s SOL supports users in buying and creating non-fungible tokens (NFTs). You can purchase NFTs as follows Buy SOL on a reputable crypto exchange, like Binance or Coinbase Transfer SOL to a wallet that&#8217;s compatible with Solana Network Navigate to the Solana NFT marketplace Purchase the NFTs 8. What is the use of Solana in real life? Solana can be ideal for real-time allocations like: Games Financial Services Creating Decentralized Autonomous Organizations  9. Can Solana be used for cross-border payments? Obviously, Yes. Since Solana&#8217;s blockchain offers high-speed and charges low transaction fees, Solana is one of the suitable networks for accessing cross-border payments.  10. Which Wallets support Solana? Solana&#8217;s SOL can be exchanged, staked, and stored in the Wallets like: Desktop Wallets, Mobile Wallets, and Hardware Wallets. Some of the most trustable wallets are: Ledger Phantom  Solfare Trust Wallet  Nano X SOL Price Prediction SOL News

SOL Archives

SOL Archives | Coinfomania

MixMob, a Solana-based play-to-earn (P2E) game, announced Tuesday it is launching its new in-game cryptocurrency dubbed SUD$.

MixMob Debuts New In-Game Cryptocurrency and Mobile App

https://coinfomania.com/wp-content/uploads/Mixmob-Game.webp

DeFi News

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

Guides

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.

A decentralized marketplace is one type of trustless network that does not depend on any mediator. Learn more in this article!

Decentralized Marketplace Development: A Complete Guide for 2023

https://coinfomania.com/wp-content/uploads/2019/10/decentralized.webp

Beginner Guides

Kava

Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a ... Read more

Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability

Polygon

Cross-chain prime brokerage protocol Primex Finance rolls out a major update to its application. Launching in two stages, Beta 0.3.0 introduces a variety of new features, as well as improvements and fixes of existing functionalities. Starting on January 12th, 2023, Phase 1 was exclusively available for Primex Early Users, who could be the first to ... Read more

Search Results