Wednesday, May 8, 2024
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Solana Validators, Engineers Grapple With Blockchain Slowdown on Public Call

Those tensions were on display midday after validators, peeved by slowdowns to Solana’s claimed Nasdaq-like speed, joined an impromptu roundtable. The problem was simple: a network that usually processes over 2,000 transactions per second was stumbling along at speeds below 500. (Ethereum processes around 15 per second.) Source

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Analysts warn of ‘acute’ Q3 slowdown in Robinhood’s DOGE-reliant growth

Robinhood’s recent disclosure of the major boost that crypto has contributed to its second-quarter financial earnings is worrying some financial analysts, largely due to the “outsized” role that Dogecoin (DOGE) trading has played.In an investor note this week, Wolfe Research’s Steven Cubak warned that “Robinhood’s growth within crypto is nothing

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$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown

A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and Southern African Trade and Development Bank, OCP Group sold phosphate fertilizer exports to Ethiopia using blockchain technology, in

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Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company of Fidelity Investments.FalconX will use the funds to scale its infrastructure, introduce new products, and expand its trade execution engine.Institutional

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