Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback.
The Helium Network, a chain dedicated to the internet of things (IoT), plans to migrate with the Solana blockchain network, according to a blog post published by the core devs. The Helium Foundation has scheduled a migration date after “months of meticulous planning and technical development,” according to the post. The Helium team said the upgrade will take place on March 27, 2023, at 10 a.m. ET.
Helium developers say the upgrade will take place over a 24-hour transition and will affect all the network’s wallets, hotspots, and the network state. “The completion of the migration marks a new era for the Helium Network, enabling it to achieve greater scale and truly become a network of networks,” the blog post said. “The Helium community has onboarded nearly 1 million hotspots, and commercial demand for the network is becoming a larger focus.”
Both Solana (SOL) and Helium (HNT) tokens have seen a significant rise over the past week, with HNT leading the way. SOL has increased by 8.5% in the last 24 hours and 23% in the last seven days. On Feb. 20, 2023, HNT was up 7.3%, and during the past week, it climbed 25% higher. While SOL is the 12th-largest blockchain network in terms of market valuation, HNT was in the 117th position on Monday.
According to the Helium team, after the approval of HIP 70, core programmers have been developing programs for the Solana network, such as new “governance tools on Realms,” the implementation of PoC Oracles, the establishment of “Open LNS and Data Transfer Accounting Oracles,” and loading the Helium account state data to the Solana Devnet. Core developers from Helium further explained that a majority of HNT token holders and hotspot owners will “not need to take any action to participate in the upgrade.”
What are your thoughts on the Helium Network’s migration to the Solana blockchain? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback.
The Helium Network, a chain dedicated to the internet of things (IoT), plans to migrate with the Solana blockchain network, according to a blog post published by the core devs. The Helium Foundation has scheduled a migration date after “months of meticulous planning and technical development,” according to the post. The Helium team said the upgrade will take place on March 27, 2023, at 10 a.m. ET.
Helium developers say the upgrade will take place over a 24-hour transition and will affect all the network’s wallets, hotspots, and the network state. “The completion of the migration marks a new era for the Helium Network, enabling it to achieve greater scale and truly become a network of networks,” the blog post said. “The Helium community has onboarded nearly 1 million hotspots, and commercial demand for the network is becoming a larger focus.”
Both Solana (SOL) and Helium (HNT) tokens have seen a significant rise over the past week, with HNT leading the way. SOL has increased by 8.5% in the last 24 hours and 23% in the last seven days. On Feb. 20, 2023, HNT was up 7.3%, and during the past week, it climbed 25% higher. While SOL is the 12th-largest blockchain network in terms of market valuation, HNT was in the 117th position on Monday.
According to the Helium team, after the approval of HIP 70, core programmers have been developing programs for the Solana network, such as new “governance tools on Realms,” the implementation of PoC Oracles, the establishment of “Open LNS and Data Transfer Accounting Oracles,” and loading the Helium account state data to the Solana Devnet. Core developers from Helium further explained that a majority of HNT token holders and hotspot owners will “not need to take any action to participate in the upgrade.”
What are your thoughts on the Helium Network’s migration to the Solana blockchain? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July.
Solana (SOL) rose by over 11% in Monday’s session, as the token raced to a multi-month high earlier in the day.
Following a low of $24.04 on Sunday, SOL/USD surged to an intraday peak of $26.93 to start the week.
As a result of this move, solana climbed to its highest level since November 8, when price hit a high of $31.78.
This is the fourth straight session that solana has risen, with prices breaking out of a key resistance level of $26.00 in the process.
In addition to this, the 14-day relative strength index (RSI) has moved beyond a ceiling of its own at 62.00.
Currently, the index is tracking at 63.58, and should it continue in this upward direction, SOL could hit $30.00 in the coming days.
Another notable gainer on Monday has been bitcoin cash (BCH), which also moved to its highest point in the past several months..
BCH/USD raced to a high of $146.83 earlier in the day, which comes after trading at a bottom of $134.55 on Sunday.
The rally took bitcoin cash to a point not seen since July 31, when the cryptocurrency traded above $150.00.
This comes as the 10-day (red) moving average nears a crossover with its 25-day (blue) counterpart.
Additionally, the RSI has also moved to a 16-day high, and is tracking at 65.85, which is near a ceiling of 66.00.
Should price strength pass this hurdle, then BCH bulls will likely recapture the $150.00 mark.
Register your email here to get weekly price analysis updates sent to your inbox:
What is behind today’s rally in bitcoin cash? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July.
Solana (SOL) rose by over 11% in Monday’s session, as the token raced to a multi-month high earlier in the day.
Following a low of $24.04 on Sunday, SOL/USD surged to an intraday peak of $26.93 to start the week.
As a result of this move, solana climbed to its highest level since November 8, when price hit a high of $31.78.
This is the fourth straight session that solana has risen, with prices breaking out of a key resistance level of $26.00 in the process.
In addition to this, the 14-day relative strength index (RSI) has moved beyond a ceiling of its own at 62.00.
Currently, the index is tracking at 63.58, and should it continue in this upward direction, SOL could hit $30.00 in the coming days.
Another notable gainer on Monday has been bitcoin cash (BCH), which also moved to its highest point in the past several months..
BCH/USD raced to a high of $146.83 earlier in the day, which comes after trading at a bottom of $134.55 on Sunday.
The rally took bitcoin cash to a point not seen since July 31, when the cryptocurrency traded above $150.00.
This comes as the 10-day (red) moving average nears a crossover with its 25-day (blue) counterpart.
Additionally, the RSI has also moved to a 16-day high, and is tracking at 65.85, which is near a ceiling of 66.00.
Should price strength pass this hurdle, then BCH bulls will likely recapture the $150.00 mark.
Register your email here to get weekly price analysis updates sent to your inbox:
What is behind today’s rally in bitcoin cash? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
PRESS RELEASE. Abu Dhabi, UAE, 20 February, 2023 – Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses.
The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond. Venom Foundation will work closely with Hub71+ Digital Assets, Hub71’s dedicated Web3 and Digital Assets specialist ecosystem, to help startups as well as enterprises with business development, digital asset regulation, blockchain adoption, and related technologies.
The Venom-Hub71 collaboration was brought together by Iceberg Capital, the regulated investment manager based in ADGM which will further leverage its network and expertise to assist the parties in reaching their common objectives.
With an aim to raise industry standards for incubation, acceleration, and grant programs, Venom Foundation will deploy its expertise and know-how in venture capital, venture building, and technology to support startups to grow and scale from Hub71+ Digital Assets. Additionally, startups and established businesses will be able to benefit from the use of the Venom blockchain to successfully transition from Web2 to Web3.
As part of the partnership, Venom and Hub71 will also work together to onboard local and international startups to Hub71+ Digital Assets. By joining the specialist ecosystem, startups will be able to engage and collaborate with a diverse range of partners and leading Web3 entities to accelerate the transition toward disruptive blockchain technologies. Startups will also benefit from Hub71’s value-add programs and incentives.
Peter Knez, Chairman of the foundation council at Venom Foundation, commented: “Collaboration is the key to unlocking the full potential of emerging technologies. We are proud to have struck such a great collaboration, here in the financial heart of Abu Dhabi. By working together, we can build a better future for businesses and communities, from Abu Dhabi to the world.”
Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said: “We are excited to be collaborating with Venom Foundation to help startups in the MENA region develop and scale Web3 technologies from Abu Dhabi. By bringing together leading industry experts and players such as Venom Foundation, Hub71+ Digital Assets is accelerating the growth of disruptive businesses and creating commercialization and investment opportunities for founders.”
Startups onboarded to Hub71+ Digital Assets will also gain access to Venom’s infinitely scalable blockchain architecture and a team of highly skilled specialists that will help them build their Web3 solutions.
Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said: “We are pleased with this promising partnership between Venom Foundation and Hub71 and we are confident that this partnership shall be very beneficial for the development of Web3 technologies throughout the region. Iceberg will leverage its expertise in helping both parties achieving their shared objectives”
The Venom blockchain is an asynchronous chain that uses a state-of-the art dynamic sharding technology while maintaining decentralization, scalability, and security. Venom Foundation provides the essential infrastructure that enables startups to grow within a regulated and scalable environment. The Foundation’s primary focus is on technologies in the MENA region that provides easy and secure migrations to Web3 for both private and public organizations and governments, while also handling massive transaction volumes with no increase in network latency or costs.
Hub71’s vibrant community consists of over 200 startups operating in 20 economic sectors. Founded on the values of partnership and collaboration, Hub71 connects entrepreneurs with impact-driven investors and corporates and supports them with scaling their businesses and accessing global markets.
About Venom Foundation
Venom is the first licensed blockchain operating under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.
A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.
For media inquiries, please contact: Adam Newton, pr@venom.ventures
For more information, visit: Website | Twitter
About Iceberg Capital
ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG Capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc), as well as specialized platforms for securities, and blockchain technology.
For more information about Iceberg Capital, visit: Website | LinkedIn
About Hub71
Hub71 is Abu Dhabi’s global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent, governed by forward-thinking regulation.
Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71’s entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build, and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nation’s continuous economic development. For more information visit www.hub71.com and follow us on @Hub71AD #Hub71.
For more information, visit: Website | Twitter | LinkedIn
For media inquiries, please contact: techhubedelman@edelman.com
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Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
Source From : News