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Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail. Original Source
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Orca Finance, Solana's largest decentralized exchange, added geo-blocking for U.K. users. The restrictions against U.K. users appear to be in response to the FCA's new promotions rules, which restrict the marketing of crypto-related products or services. Source
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The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside."In a series of X (Twitter) posts on Aug. 27, Clockwork founder Nick Garfield Garfield said he and the team will stop active
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Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.” Source
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The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds. Source
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The large gains began following Ripple’s partial court victory over the SEC in the middle of the month. Source
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Larisa Barbu, COO of Exchange.art, told CoinDesk that the marketplace had planned to expand beyond the Solana ecosystem since its launch in 2021. Original Source
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A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange.On June 11, the United States Attorney for the Southern District of New York Damian Williams announced the
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“If we want to end the threat of AIDS, we must think outside the box, meet consumers where they are, and create new and exciting collaborations that generate more money and more heat to fight AIDS and the injustices that enable the pandemics to thrive,” said Sheps. “(RED) is thrilled
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At press time Raydium’s liquidity pools held over $37 million in total value locked (TVL), roughly three quarters of the TVL held by Orca, Solana’s top decentralized exchange, according to DeFiLlama. Its native token RAY was worth 23 cents Thursday, per CoinGecko; it has slid two percent in the past
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