Solana release Mainnet Beta Update to Address Network Congestion

Developers at Solana have rolled out a new beta version, v1.17.31, to help manage network congestion. This update, available since April 12, has undergone testing for three days and is now suggested for widespread use among mainnet beta validators. This patch is designed to reduce network traffic and enhance Solana’s performance. It brings about significant … Read more

Adidas Teams Up with STEPN for NFTs, Merchandise Collection

starting from this week, Adidas, a well-known footwear and sports clothing company, has teamed up with Stepn, a popular fitness app on Solana, in an intriguing partnership. The collaboration will begin with the launch of 1,000 unique NFTs, marking the debut of the Stepn x Adidas Genesis Sneakers collection. STEPN collaborates with adidas and Altschul’s … Read more

IRS to target crypto tax evasion with enhanced enforcement in 2024

The head of criminal investigations at the United States Internal Revenue Service (IRS), Guy Ficco, has shared that the agency expects to see an increase in cryptocurrency-related frauds and violations. At the Chainalysis Links event in New York, IRS official Guy Ficco told CNBC in an interview that there will be a significant increase in … Read more

Fiji’s central bank warns against crypto investments

Fiji’s main monetary authority has issued a cautionary statement regarding cryptocurrency investments being marketed in their jurisdiction. They base this advice on existing laws designating local currency as legal tender, and the possible consequences of breaking local regulations. The Reserve Bank of Fiji has issued a notice to the public, advising against investing in cryptocurrencies … Read more