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Showing posts with the label transactions

Solana devs target April 15 to fix failed transactions bug

Solana developers target TX bug fix, with a patch expected on April 15. Helius Labs CEO says issues are a result of “an implementation bug, not design flaw.” Solana developers are reportedly target ing April 15 as the date to implement a fix on transaction issues that recently plagued the blockchain network. This comes after Solana’s explosive meme coins ecosystem came with a remarkable surge in activity. A pike for the likes of dogwifhat helped push SOL price higher. But the increased volume also came with a surge in volume that impacted network performance. It’s an implementation bug, not design flaw Commenting on the recent issues, Mert Mumtaz, CEO of Helius Labs, noted in a post on X that these are more about an “implementation bug” that a “design flaw.” “ It is important to make this distinction because implementation errors are usually trivial (they can be swapped out for other implementations) ...

Starknet L2 initiates test transactions from Ethereum mainnet

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The official Starknet Ethereum address made seven cross-chain transactions ahead of the anticipated launch of STRK, the protocol’s native token expected by Q2 2024.  Starknet transferred less than three STRK tokens between Ethereum’s mainnet and the project’s layer-2 network, per data seen on block explorer Starkscan. The action was likely part of an on-chain test exercise for the Ethereum-based scaling solution before developers rolled out the ERC-20 cryptocurrency. STRK test transactions | Source: Starkscan The transactions for users and network participants indicate progress toward STRK’s launch, which may accompany an airdrop and community rewards. The Starknet Foundation revealed 1.8 billion STRK tokens earmarked for its distribution plan in December last year.  Half that amount was designated network rebates to reward users already transacting on the L2 chain, crypto.news noted. Beneficiaries of the Early Community Member Program are also set to receive a portion o...

Cardano solid as Shibarium processes 82m transactions, Everlodge merging AI and real estate

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano (ADA) rose 45% in the past month, sparking discussions about its potential. Although it recently dropped from $0.63 to $0.55, Ali Martinez maintains a bullish outlook. Despite struggling to maintain the uptrend, Shiba Inu (SHIB) is the second-most-popular meme coin. Attention is now on Everlodge (ELDG), which introduces AI-driven elements to the real estate sector.  Cardano bulls target $1 According to crypto analyst Ali Martinez, ADA may post a short-term bounce before continuing its recent upward momentum. Over the past week, ADA rallied from a low of $0.397228 to around $0.631526. In the past year, its market cap is up 76% to over $19 billion. You might also like: Cardano about to rise much higher: analyst ADA averages $1.16 billion in daily trading volume as the ninth largest crypto.  According to analys...

The Graph (GRT) records spike in $100k+ transactions

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The Graph observes several large transactions worth at least $100,000, leading to a nine-month high in overall whale activity as social volume sees a massive upswing. Notably, on Nov. 6, GRT recorded an intraday figure of 149 transactions worth $100,000 and above for the first time in months, according to Santiment. In addition, on-chain data confirms that market participants created up to 620 new addresses. #TheGraph has nearly doubled since October 19th, and there has been major whale movement and new addresses being created. To identify whether a #bullish trend can continue, the mean dollar age line moving down (like it has for $GRT) is often validation. https://t.co/mJZiZitJ9P pic.twitter.com/q0Dzp3dsPd — Santiment (@santimentfeed) November 8, 2023 These favorable metrics have come up when GRT leverages market-wide bullish sentiments to engineer a rally. Despite a 5.9% decline over the last 24 hours, The Graph is up 24% in the past week. You might also like: ...

BIS and two central banks launch Project Atlas to track crypto transactions

BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche Bundesbank have launched Project Atlas. This project aims to furnish central banks and financial regulators with a thorough understanding of the crypto market.  Project Atlas gathers information from multiple sources, including off-chain data from various crypto exchanges and on-chain data from public blockchains through nodes.  This allows central banks to be well-informed about the market. Additionally, the platform tracks crypto transactions in different locations within the Bitcoin network. You might also like: BIS and central banks of France, Singapore, and Switzerland wrap up CBDC project The project states: “Though relatively small compared with total on-chain network traffic, identified flows between crypto exchanges are significant and substantial economically,” “The output of Project Atlas could serve as a starting point for preliminary assessments and inform the drafting ...

Bitcoin briefly touches $30k amid whale transactions

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Bitcoin’s (BTC) brief recovery of the $30,000 mark after a major drop has sparked significant interest among market observers. During this period, key metrics such as whale transactions and weekly price volatility have surged, indicating potential market sentiment and activity shifts.  Whale transactions involving Bitcoin worth at least $1 million have witnessed a remarkable rise, per Santiment data. Prominent institutional investors or high-net-worth individuals generally initiate these transactions . Their trading activity can exert considerable influence on the market due to their substantial holdings. BTC price, whale transaction count and volatility – Aug. 2 | Source: Santiment From July 27 to August 1, the market observed a decrease in BTC whale transactions . However, amid the recent Bitcoin price recovery, the whale transaction count experienced reasonable spikes. You might also like: Bitcoin supply last active in over 5 years hits ATH despite whale ...