Latest news with #SolanaLabs
Crypto Insight
05-08-2025
- Business
- Crypto Insight
Solana begins shipping Seeker mobile device in over 50 countries
Solana Mobile has started shipping the second generation of its mobile device on Monday, supplying users in over 50 countries. The Seeker phone, which has amassed over 150,000 pre-orders, will feature upgraded technology, a mobile-native crypto wallet and a decentralized application store that bypasses 'cryptophobic censorship' seen in app stores today. Solana Mobile general manager Emmett Hollyer told Cointelegraph that the Seeker comes with hardware improvements across the board compared to the first-generation Saga. 'But what really sets Seeker apart is its onchain features.' One of the device's onchain features is the seed vault, according to Hollyer. 'The Seed Vault provides hardware-level security that keeps private keys, seed phrases and secrets completely separated from the application layer,' while permitting interaction with apps. Solana Mobile is targeting both developers and crypto enthusiasts with its new device. Developers will have an alternative app marketplace that eliminates the heavy fees charged by Google and Apple app stores. Crypto enthusiasts are expected to find improvements in mobile experience, whether trading NFTs, playing games or using DeFi applications. The device, which has been sold at two prices, $450 and $500, is forecast to generate at least $67.5 million in gross revenue for Solana Mobile, a subsidiary of blockchain technology company Solana Labs. The Solana first-generation mobile device, Saga, sold 20,000 units, and sales lagged for months until memecoins stored on the phone made buying profitable. TEEPIN architecture for decentralization and security With Seeker, Solana Mobile will try to decentralize the economy and incentives on the device. The mechanism for this is a technology called TEEPIN, or the 'Trusted Execution Environment Platform Infrastructure Network.' TEEPIN is a three-layer architecture that decentralizes different aspects of the device, from device access to app distribution. It links hardware, verified software, users and network Guardians to create a decentralized mobile platform. Traditional mobile devices take a hybrid approach, incorporating some aspects of centralization, such as within app stores or security. Decentralization is a key principle in Web3. In addition, TEEPIN architecture affords Seeker an extra security feature, according to Hollyer. It 'provides security through cryptographic attestation. The device can prove to the network that it's running legitimate software.' Apple softens app-store rules Apple, the technology giant with a market capitalization of $3 trillion, had been at the center of an antitrust controversy where it allegedly impeded developers' ability to communicate with users and levied commissions on off-app purchases. The court ruling was reportedly a win for crypto app developers, who, after the ruling, could link to an NFT collection or external payment system without needing to pay an entitlement. The court case was fought between Epic Games and Apple. Crypto apps have been at the center of rulings from governing bodies worldwide. These centralized app stores can block certain apps depending on rulings, such as when Google Play blocked access to 17 unregistered exchanges in South Korea. Source:
Cision Canada
31-07-2025
- Business
- Cision Canada
Canada's Largest Bitcoin ATM Operator Now Offers Solana ($SOL)
TORONTO, July 31, 2025 /CNW/ - Localcoin, a leader in the cryptocurrency ATM industry, announces the addition of Solana ($SOL) to its extensive network of Bitcoin ATMs across Canada, Australia, New Zealand, and Hong Kong. As the largest provider in these regions to offer $SOL purchases with cash, Localcoin reaffirms its mission to expand access to innovative cryptocurrencies and empower users to diversify their digital asset portfolios with ease. Solana Now Available at Localcoin ATMs Users can now buy Solana ($SOL) with cash at Localcoin ATMs. Renowned for its high-speed, low-cost blockchain and thriving ecosystem of decentralized applications (dApps), Solana is a preferred choice for crypto enthusiasts and investors worldwide. This addition aligns with Localcoin's commitment to making cutting-edge cryptocurrencies accessible, secure, and simple for all users. "At Localcoin, we're not just leading the way—we're shaping the future of crypto accessibility. Being the largest operator to offer Solana ($SOL) purchases with cash is a milestone, but it's just the beginning. Our team is focused on expanding our ATM network, introducing more innovative digital assets, and building a platform that makes crypto simple, secure, and available to everyone, " said Tristan Fong, CEO of Localcoin. How to Buy Solana at Localcoin ATMs Step 1 – Obtain a Solana Wallet Before visiting an ATM, ensure you have a compatible Solana wallet and its QR code ready. Step 2 – Locate a Nearby ATM Use Localcoin's ATM locator to find the closest machine to your location. Step 3 – Initiate Your Transaction At the Localcoin ATM: Select Solana ($SOL) as your cryptocurrency. Scan your wallet's QR code using the ATM scann Step 4 – Finalize Your Purchase Insert cash and review the displayed amount. A service fee will apply based on the current $SOL market rate. Use code SOL35 for 35% off transaction fees when purchasing $SOL. Step 5 – Receive Your Solana Once confirmed, $SOL will be sent directly to your wallet address. Why Solana? Solana is capable of finalizing transactions in under half a second and can process up to 65,000 transactions per second. Its speed and scalability make it a favorite among developers and investors. As of July 22, 2025, Solana's market capitalization exceeds $108 billion, ranking it among the world's leading cryptocurrencies. About Solana ($SOL) Solana is the native cryptocurrency of the Solana blockchain, a high-performance Layer 1 platform launched in 2020 by Solana Labs, founded by Anatoly Yakovenko and Raj Gokal. Known for its hybrid Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus, Solana delivers fast, secure, and decentralized transactions at minimal cost. It powers a growing ecosystem of decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming applications. About Localcoin Localcoin empowers individuals worldwide to easily convert cash into crypto. With thousands of ATMs across Canada, Australia, New Zealand, and Hong Kong, Localcoin offers a seamless gateway into the digital financial ecosystem. From payments and remittances to online purchases and investments, Localcoin ATMs provide secure, convenient access to the crypto economy.
Yahoo
30-07-2025
- Business
- Yahoo
DoubleZero Launches $537M SOL Stake Pool to Turbocharge Solana Validator Network
DoubleZero, the decentralized protocol built to accelerate blockchain performance, has unveiled a new 3 million SOL stake pool, worth about $537 million in current prices, under the ticker DZSOL. The initiative is intended to broaden access to its low‑latency fiber backbone specifically for Solana validators, which would in turn enhance network decentralization. DoubleZero's architecture stitches together private and dark fiber paths into a high‑performance network mesh, enabling validator‑to‑validator traffic to bypass congested public internet routes. The protocol charges 5% of validators' consensus‑related revenue for network access, and it has also implemented token burns to mitigate spam and centralization pressure. 'Faster is better, but faster alone is not enough. Faster must include the ability for everyone on the network to have the same access to data as everyone else,' DoubleZero founder Austin Federa said in March. He added, 'We see a near future that's fully underpinned by distributed systems.' Federa spent nearly four years at Solana Labs and the Solana Foundation as head of strategy and communications, directing ecosystem growth and developer engagement.
Globe and Mail
19-05-2025
- Business
- Globe and Mail
Denis Jesus Palma Abanto Talks about Smart Investment Ideas for Building Wealth
Denis Jesus Palma Abanto is an entrepreneur, software engineer, and angel investor known for his significant contributions to the tech and investment sectors. He completed his education from ESAN and London school of Business. Denis Jesus Palma Abanto is an entrepreneur, software engineer, and angel investor known for his significant contributions to the tech and investment sectors. He completed his education from ESAN and London school of Business. He has worked with multiple companies like Telefonica, Trilogy, Solana Labs, Pixel Labs and now serving as a Chief Officer Executive at Belviera Inmobiliaria. Denis built all of Solana's infrastructure from scratch during his tenure in early 2021. Denis has interest and expertise in multiple areas from blockchain infrastructure, security solutions, site reliability, Solana ecosystem to Investment. Investing is one of the most effective ways to build wealth, secure your financial future, and achieve long-term financial goals. Whether you're a beginner or an experienced investor, staying updated on smart investment ideas can help you make informed decisions and optimize returns. Now, with global economic shifts, technological advancements, and evolving market trends, it's important to adopt a balanced and diversified investment approach. Denis Jesus Palma Abanto explores a range of investment ideas across asset classes and strategies to help you grow your wealth. 1. Stock Market Investments The stock market remains one of the most popular and potentially lucrative investment options. Investors can choose from individual stocks, mutual funds, or exchange-traded funds (ETFs) depending on their risk tolerance and investment goals. a. Growth Stocks Growth stocks represent companies with above-average revenue and earnings growth. Sectors like artificial intelligence, renewable energy, biotechnology, and cloud computing are poised for expansion. Companies like Nvidia, Tesla, or lesser-known AI startups could offer significant upside for long-term investors. b. Dividend Stocks Dividend-paying stocks provide regular income and are often more stable. Blue-chip companies like Johnson & Johnson or Coca-Cola offer consistent dividends, making them ideal for conservative investors or retirees looking for passive income. c. ETFs and Index Funds For diversification with lower risk, ETFs and index funds are excellent choices. Funds like the S&P 500 ETF (SPY) or Nasdaq-100 ETF (QQQ) give investors exposure to a broad range of top-performing companies, making them suitable for hands-off, long-term strategies. 2. Real Estate Real estate continues to be a reliable investment, offering both capital appreciation and rental income. With rising urbanization and changing housing needs, several options are gaining popularity: a. Residential Rental Properties Owning rental homes or apartments can generate steady cash flow, especially in high-demand areas. Consider cities with growing populations, strong job markets, and a shortage of affordable housing. b. Real Estate Investment Trusts (REITs) REITs allow you to invest in real estate without owning physical property. Publicly traded REITs offer liquidity and regular dividends. REITs focused on logistics, data centers, and healthcare facilities are particularly promising. 3. Green and Sustainable Investments As climate change awareness grows, sustainable investing is gaining traction. Environmental, Social, and Governance (ESG) investing focuses on companies with strong ethical practices. a. Clean Energy Stocks Companies involved in solar, wind, and hydrogen energy are set to benefit from global green initiatives. Consider stocks like First Solar or ETFs like iShares Global Clean Energy ETF (ICLN). b. ESG Funds Many mutual funds and ETFs now screen investments based on ESG criteria. These funds are ideal for investors looking to make a positive impact while generating returns. 4. Precious Metals and Commodities Precious metals like gold and silver are traditional safe-haven assets. They tend to perform well during times of economic uncertainty or market volatility. Investors can buy physical bullion, ETFs like SPDR Gold Shares (GLD), or invest in mining stocks. Commodities like oil, natural gas, and agricultural products can also be part of a diversified portfolio, especially as global supply chains shift and demand fluctuates. 5. Fixed Income and Bonds Bonds offer stability and predictable income, making them ideal for conservative investors or those nearing retirement. a. Treasury Bonds U.S. Treasury bonds are backed by the federal government and offer low risk. As interest rates stabilize, long-term bonds could become attractive again. b. Corporate Bonds Corporate bonds from creditworthy companies provide higher yields than government bonds. However, investors should assess credit risk and duration carefully. 6. Alternative Investments Alternative assets like hedge funds, private equity, art, collectibles, and even farmland are gaining popularity among high-net-worth individuals. These can provide uncorrelated returns and act as a hedge against traditional market risks, but they often require higher capital and longer investment horizons. Successful investing requires a blend of traditional wisdom and modern innovation. The key is to align your investment choices with your financial goals, risk tolerance, and time horizon. Diversification—spreading your investments across various asset classes—is the cornerstone of a resilient portfolio. Whether you're exploring stocks, real estate, or sustainable options, a well-researched and disciplined approach can help you navigate market uncertainties and build lasting wealth. Denis Jesus Palma Abanto suggests considering consulting with a financial advisor before making significant investment decisions. Markets evolve, but with the right strategies, your investments can grow with them. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
