Solana TVL Witnesses Sharp Decline, Attains 2022 Low

low angle view of lighting equipment on shelf

When Solana’s price hit new lows near $54, the token’s total value locked (TVL) also declined to a historic low. According to data from Defi Llama, the token’s TVL has been on a steady decline since November 2021. In that month, it reached an all-time high of $15 billion but then lost momentum and went down … Read more

FTX CEO notices no future in Bitcoin payments, community blazes back

FTX CEO sees no future in Bitcoin payments, community fires back

Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community. During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s not scalable enough to accommodate millions … Read more