Solana – pressnews

Deepfake videos hit crypto world! Solana co-founder video surfaces on YouTube, X

5Jan

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Technology

Deepfake videos hit crypto world! Solana co-founder video surfaces on YouTube, X

[ad_1] Artificial intelligence technology (AI) has grown by leaps and bounds in the last few months, but so has the number of miscreants using it to defraud people. One of the most prominent dangers emerged recently has been deepfake videos. For the unaware, deepfakes are AI-generated videos, images, and audio that are edited or manipulated to make anyone say or do anything that they did not do in real life. Deepfake videos are mostly being used by cybercriminals for illegal purposes. While nations are drafting and amending IT regulations to deal with this threat, malicious threat actors are all out to carry out these illicit activities, and deepfakes have now entered the crypto world too! Solana co-founder Anatoly Yakovenko recently became the latest victim of deepfakes in the crypto w...

Crypto Altcoins Are Outperforming With Bitcoin Price ‘Gravitating’ Toward $50,000

10Dec

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Technology

Crypto Altcoins Are Outperforming With Bitcoin Price ‘Gravitating’ Toward $50,000

[ad_1] Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks. Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about 70% of crypto's $1.6 trillion market capitalization. “After the huge rallies Bitcoin and Ethereum have seen, it's not a surprise that they're taking a bit of a sideways breather,” said Matt Maley, chief market strategist at Miller Tabak & Co. “However, the fact that these altcoins are rallying so strongly today tells me people have not lost any love for the overall asset class.” Solana is among the blockchains competing with...

Bitcoin Climbs Above $27,000 for the First Time Since August

19Sep

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Technology

Bitcoin Climbs Above $27,000 for the First Time Since August

[ad_1] Bitcoin extended its rally from last week, rising above $27,000 for the first time since August. Other digital assets followed suit, with smaller tokens such as Solana, Litecoin and Bitcoin Cash rallying. The largest digital token had ended positive on Sunday for the first week in five, and increased as much as 3.7% to $27,418 on Monday. Solana gained around 6%, Litecoin rose 6.5% and Bitcoin Cash jumped 8%. The price increases come with the Federal Reserve expected to keep borrowing rates steady when policy makers meet this week. Higher rates tend to reduce the allure of higher risk assets such as cryptocurrencies. “After a prolonged struggle at the psychological support of $25,000, Bitcoin managed to hold steady. Range traders will now be looking to take profits just above $3...

Shocking! Ethical hacker goes rogue, steals cryptocurrency worth $9 mn

12Jul

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Technology

Shocking! Ethical hacker goes rogue, steals cryptocurrency worth $9 mn

[ad_1] In a shocking incident, the US government arrested an individual and accused him of hacking into a crypto exchange and stealing cryptocurrency worth $9 million. The fraud seemingly started as an ethical hack of sorts by the engineer and then he went rogue. As per the indictment, the accused, Shakeeb Ahmed, used his expertise in the field to defraud the exchange and its users and stole the massive sum. While the report mentions Ahmed is a senior security engineer for an international technology company, it does not mention exactly where he worked. However, a report found out through his LinkedIn page that he was once employed by Amazon. TechCrunch reached out to the company and the spokesperson said he is no longer employed there.As per the press release by the US Attorney's Offic...

Bitcoin Barrels Toward Historic January as Crypto Market Jumps by $280 Billion

31Jan

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Technology

Bitcoin Barrels Toward Historic January as Crypto Market Jumps by $280 Billion

[ad_1] Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing.The largest token is up 40% since the turn of the year, a first-month gain bettered only twice before when crypto was in its infancy. Smaller coins like Solana, Axie Infinity and Decentraland have doubled in value, part of a $280 billion January climb in digital assets overall, CoinGecko figures show. Bitcoin retreated 2.5% to $23,200 as of 11:37 a.m. in London on Monday amid broad declines in risk assets. The rebound from last year's deep rout is part of a wider revival in risk appetite on expectations that central banks will slow...

Binance, Tether to Solana, After FTX Fall, These Crypto Entities Are Grabbing the Spotlight

14Dec

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Technology

Binance, Tether to Solana, After FTX Fall, These Crypto Entities Are Grabbing the Spotlight

[ad_1] Sam Bankman-Fried’s arrest in the Bahamas pending a possible extradition to the US opens a fresh chapter in efforts to untangle whether his crypto empire was built using fraudulent methods. Sam Bankman-Fried's arrest in the Bahamas pending a possible extradition to the US opens a fresh chapter in efforts to untangle whether his crypto empire was built using fraudulent methods.Regardless of the outcome, the demise of his digital-asset exchange FTX continues to shake the wider crypto market's foundations. Skittish investors are pulling money out of rival exchanges, fearful of having their assets stuck should any of those venues collapse. At least one major crypto firm has filed for bankruptcy in the wake of FTX's unraveling, while two others were forced to suspend some withdrawal...

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

5Dec

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Technology

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

[ad_1] Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank's Global Head of Research Eric Robertsen wrote in a note on Sunday. Demand could switch from Bitcoin as a digital version of gold to the real thing, spurring to a 30% rally in the yellow metal, Robertsen also said. This possible outcome involves a reversal in interest-rate hikes as economies struggle and more crypto “bankruptcies and a collapse in investor confid...

Solana Leads Crypto Slump With FTX’s Serum Project In Distress

14Nov

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Technology

Solana Leads Crypto Slump With FTX’s Serum Project In Distress

[ad_1] A four-day slump for crypto altcoin Solana deepened, while developers spun off one of the blockchain network’s most prominent and FTX-affiliated projects. A four-day slump for crypto altcoin Solana deepened, while developers spun off one of the blockchain network's most prominent and FTX-affiliated projects. Solana fell as much as 11% to $12.11 on Monday in Asia's morning. Crypto bellwethers Bitcoin and Ether also slumped, with Bitcoin at one point dropping below $16,000. Other altcoins, including Polkadot and Avalanche, typically more volatile than larger cryptocurrencies due to lower liquidity levels, fell as well. The crypto market has lost about $200 billion in value in the past week itself, as the collapse of FTX CEO Sam Bankman-Fried's crypto empire took its toll on inve...

Crypto Altcoins Lead Declines; Bitcoin Price Drops Back Below $19,000

13Oct

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Technology

Crypto Altcoins Lead Declines; Bitcoin Price Drops Back Below $19,000

[ad_1] Prices in the cryptoasset market slumped across the board on Thursday, with so-called altcoins being hit particularly hard as risk aversion continues to weigh on global financial markets. Prices in the cryptoasset market slumped across the board on Thursday, with so-called altcoins being hit particularly hard as risk aversion continues to weigh on global financial markets. Bitcoin, the largest cryptocurrency by market value, fell as much as 3% on Thursday in New York to $18,585, its lowest point since Sept. 27. Ether fell more than 4%, with both coins trending toward the lower end of their respective ranges. “From what we can tell, Bitcoin has been trading across a trendline between the 2018 and 2022 low for the last month. It's just dipped below it, but has generally reco...