Author: CryptooTimes

FIDA, the token governing Solana-based infrastructure developer Bonfida, has surged by 35% following the launch of its Solana Name Service (SNS) in China. At the time of writing, FIDA was still up 29%, trading at $0.392 over the past 24 hours, according to CoinMarketCap. The token recorded a daily trading volume of $72 million and a total market cap of $50.3 million. FIDA 24-hour price chart | Source: CoinMarketCap Despite the recent price increase, FIDA is still down 96% from its all-time high of $10.87, which reached April 4, 2021. Bonfida leverages the low-latency and cost-effective features of the Solana…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Penguiana integrates GUIANA NFTs into a play-to-earn platform, while Rebel Satoshi Arcade’s presale and RECQ’s airdrop offer promising investment opportunities and ecosystem growth. Solana (SOL) memecoins have carved out their niche by blending humor with serious financial properties. Penguiana (PENGU), in particular, is making headlines by offering new possibilities in the defi narrative. The memecoin isn’t just riding the wave of popularity but is pushing boundaries by incorporating its GUIANA non-fungible tokens (NFTs) into its play-to-earn gaming platform creating…

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This isn’t the first time that Matter Labs has found itself in hot water with its competitors. In August 2023, the Polygon team went on a media blitz with the claim that Matter Labs had copied its Plonky-2 software system without proper attribution. Leaders from other teams, like Starkware, also weighed in at the time, expressing their disappointment with Matter Labs. (Gluchowski denied the claims of copying but said his team “could have done better” by providing clearer attribution to other teams’ open-source code.) Polygon co-founder Sandeep Nailwal seemed to reference the debacle when he weighed in on the earlier…

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Ripple president Monica Long said the XRP issuer is likely to enter the $161 billion stablecoin market before the end of the year.  The stablecoin market is growing in leaps and bounds as experts predict a multi-trillion ecosystem for U.S. dollar-pegged tokens in the next three to five years, Ripple’s Long stated in an interview with CNBC at Money 20/20 in Amsterdam.  According to Ripple’s president, the stablecoin market is primarily driven by demand for access to U.S. dollars and an efficient global fiat-denominated payment system powered by blockchain technology.  “We are currently focused on everything needed to bring a…

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