After yet another technical hiccup, this time with Solana, Coinbase’s CEO apologized and pledged to scale infrastructure and provide “tier 1” support for high-demand periods. Coinbase CEO Brian Armstrong has apologized for the Solana delays caused by the exchange’s infrastructure issues, which left users dealing with canceled or slow transactions. In a post on X on Jan. 22, Armstrong admitted that the platform has the Solana backlog “triaged,” adding that transactions “should generate quickly again.” For users who suffered losses or missed out on the hype due to hours-long disruptions in depositing or withdrawing Solana ( SOL ) tokens, Armstrong issued his “apologies for the trouble.” “We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now – apologies for the trouble.” Brian Armstrong He admitted Coinbase needs to do better when it comes to supporting Solana, saying “it’s clear we need to step up our game on Solana, scale our infrastructure, and provide native support for common use cases like DEX/memecoin trading.” Armstrong also promised to give Solana the same top-level support as Bitcoin ( BTC ), Ethereum ( ETH ), and Base, though he didn’t go into specifics. You might also like: High fees, slow transactions: Coinbase’s ongoing struggles with hype amid Solana activity spike The crypto community remains skeptical. One user, @PAGANDWOLF, pointed out that the exchange “had many years to fix these problems, including issues from last bull markets when volume is high.” The latest incident , tied to Solana’s surge in activity, seems to have overwhelmed the platform’s systems. Armstrong noted that the increased traffic is a good thing for Solana but admitted the exchange needs to handle it better. “The surge in activity is great for the ecosystem (and these are high quality problems to have), but we need to do a better job serving our customers during periods of high demand,” he said. Read more: Solana witnesses 10% surge amidst Coinbase’s resolved transaction delays
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3 Tokens Under $1 Poised for a 1000% Surge in the Next Altcoin Boom
As the altcoin season heats up, several affordable coins are expected to see significant value increases. An expert has identified three top contenders for a 10x surge, namely Rexas Finance (RXS), Dogecoin (DOGE), and Stellar (XLM). These coins are anticipated to climb in the coming months due to market dynamics, innovative features, and optimistic forecasts. Rexas Finance (RXS): Positioned for a Tenfold Rise This Altcoin Boom Rexas Finance (RXS) is a groundbreaking blockchain initiative revolutionizing the tokenization of real-world assets (RWA). It transforms traditionally illiquid asset classes, such as real estate, commodities, and art, into fractionalized blockchain tokens, democratizing access. This approach enhances liquidity and transparency for investors in traditionally opaque markets. Rexas Finance simplifies and secures asset tokenization by leveraging blockchain, smart contracts, and AI. With its robust ecosystem features, Rexas Finance is drawing attention from investors and asset managers alike. The Rexas Token Builder offers a straightforward tool for creating custom tokens without needing technical expertise. This no-code solution reduces the technical entry barrier, empowering entrepreneurs, artists, and small businesses to tokenize their assets. The Rexas QuickMint Bot further simplifies token creation by integrating with popular platforms like Telegram and Discord, enabling users to mint tokens directly from their mobile devices or computers. Additionally, Rexas GenAI facilitates the creation of NFTs and tokenized assets using AI-generated art, ensuring scalable innovation and personalization. Meanwhile, the Rexas AI Shield provides superior blockchain security with AI-driven contract audits and real-time monitoring, ensuring secure and transparent network transactions. Earlier in its presale phase, Rexas Finance successfully completed a Certik audit, bolstering its reputation as a secure and trustworthy platform. This audit confirms the platform`s adherence to best practices in blockchain security, instilling confidence in investors who prioritize transparency and reliability. Rexas Finance is also running an exciting $1 million giveaway, with the top 20 participants each receiving $50,000 in RXS tokens. This promotion not only generates interest in the project but also offers early investors a chance to secure their position ahead of the anticipated market surge. With a $1 million prize pool, Rexas Finance is boosting engagement, attracting new users, and fostering community growth, which are crucial for its long-term success. Rexas Finance has raised $41.5 million during its presale, selling 427 million RXS tokens across all rounds. Recently, token holders voted to extend the presale, moving it to stage 12, with tokens now priced at $0.20. The presale`s success reflects strong demand, and the excitement surrounding the token`s exchange debut is likely to further increase its value. After finalizing its presale stages, Rexas Finance will enter the market at a pivotal moment, with plans for listings on at least three top-tier cryptocurrency exchanges at $0.25. RWA tokenization is becoming a significant trend in the crypto world. Analysts predict this sector could expand to $16 trillion by 2030, positioning early adopters like Rexas Finance to reap substantial benefits. By tokenizing real-world assets, investment opportunities and liquidity are enhanced, boosting RXS`s value. As the tokenized asset market grows, Rexas Finance`s innovative platform could see a tenfold increase during this altcoin season. Dogecoin (DOGE): Riding High on Positive Momentum Dogecoin saw a 22% increase last week, reaching $0.42. Analysts project it could rise 10 times to $4. The forthcoming Trump administration might bolster government support for cryptocurrencies like DOGE. Musk significantly influences DOGE`s price; favorable market conditions could propel the coin to $4 by 2025. Dogecoin is gaining from the overall bullish crypto market. While many assets are benefiting from the market`s upswing, Dogecoin`s strong community backing and pop-culture appeal make it a favored choice for investors during the upcoming altcoin season. Stellar (XLM): Emerging as a Key Player in the Crypto Arena Analysts predict Stellar could reach $5 following an 11% rise to $0.467. Stellar`s rapid ascent is partly due to its growing market value, now at $14 billion, placing it 12th among cryptocurrencies. The surge in trading volume and institutional interest signals strong backing for XLM. Stellar`s double bottom pattern hints at a potential breakout that could drive its price higher, with a 1.618 Fibonacci extension hitting $0.52 potentially sustaining the momentum. With its focus on cross-border payments offering faster and cheaper transactions than traditional banking, XLM is gaining traction. This positions Stellar as a formidable contender in the global financial landscape, with ongoing innovations and a well-defined use case driving its price upward. Stellar`s solid fundamentals could propel it to new heights as the market stabilizes, making it an attractive investment during the altcoin season. Conclusion Rexas Finance (RXS), Dogecoin (DOGE), and Stellar (XLM) are prime candidates for substantial growth as the cryptocurrency season gains momentum. Rexas Finance , in particular, is making waves with its innovative approach to RWA tokenization and impressive presale performance, offering enticing opportunities for early investors. The anticipated exchange listings and the buzz around real-world asset tokenization could propel RXS to a tenfold increase in the coming months. Rexas Finance presents a unique opportunity for those seeking a profitable investment. With its Certik audit, ongoing giveaway, and robust presale momentum, Rexas Finance is poised to capture a significant share of the burgeoning RWA tokenization market, expected to reach $16 trillion by 2030. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. crypto.news
Eric Trump Urges Crypto Investment Amid Promising U.S. Market Outlook
Eric Trump, the son of U.S. President Donald Trump, recently took to X (formerly Twitter) to advocate for investments in key sectors, including cryptocurrency. Emphasizing the nation’s potential, he declared: “Bet on our markets, on energy, on technology, and on crypto—bet on the greatest nation on earth—a nation that has been freed from its constraints and shackles and now has limitless potential!” Eric Trump also criticized former President Joe Biden’s administration, stating that it left behind significant challenges. However, he expressed confidence that the current administration will address these issues over the next four years. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. Why Eric Trump’s Statements Matter Eric Trump’s endorsement of cryptocurrency and other sectors signals a shift in the narrative around digital assets in the U.S.: Government Support for Crypto : His statements align with growing institutional and political acknowledgment of cryptocurrencies as a key asset class. Economic Vision : By encouraging investments in crypto, technology, and energy, the Trump administration aims to position the U.S. as a leader in innovation. Crypto: A Pillar of the U.S. Economic Revival Eric Trump’s call to invest in crypto underscores its importance in the nation’s economic strategy. Here’s why: 1. Cryptocurrency as a Growth Sector The U.S. continues to dominate global crypto innovation, with leading exchanges, blockchain startups, and regulatory developments fueling the sector’s growth. 2. Attracting Institutional Capital The approval of Bitcoin ETFs, increased institutional adoption, and regulatory clarity have cemented the U.S. as a hub for crypto investment. 3. Boosting Financial Inclusion Cryptocurrencies offer solutions to underserved populations, providing access to banking and financial systems. Energy and Technology: Complementary Sectors In addition to crypto, Eric Trump highlighted energy and technology as pivotal areas for investment: Energy : With advancements in renewable energy and the U.S. pivoting towards energy independence, this sector offers substantial growth opportunities. Technology : The U.S. leads in AI, cloud computing, and blockchain, setting the stage for breakthroughs that could reshape global markets. Comparing Administrations: Biden vs. Trump Eric Trump’s remarks about the previous administration highlight a broader theme of economic reform and innovation: Biden Administration’s Legacy : Criticized for regulatory ambiguity around crypto and perceived economic constraints. Trump Administration’s Promise : Positioned as champions of deregulation and technological advancement, including crypto-friendly policies. Opportunities for Crypto Investors in the U.S. The U.S. remains an attractive destination for crypto investments due to: 1. Innovation-Friendly Ecosystem The country fosters a supportive environment for blockchain startups, leading exchanges, and DeFi protocols. 2. Regulatory Developments Recent progress in crypto regulation provides clarity for investors and businesses. 3. Strong Market Infrastructure With robust financial institutions and a mature market, the U.S. offers stability and growth potential for crypto enthusiasts. Challenges to Watch Despite optimism, several challenges could impact crypto investments: Regulatory Risks : Ongoing debates around stablecoin regulation, taxation, and investor protection. Market Volatility : Cryptocurrencies remain susceptible to sudden price fluctuations. Geopolitical Factors : Global economic conditions and trade policies could influence the crypto sector. Conclusion Eric Trump’s call to invest in cryptocurrency reflects a bullish outlook for the sector’s role in the U.S. economic landscape. By combining crypto with energy and technology investments, the Trump administration aims to drive innovation and global leadership. As regulatory clarity improves and institutional interest grows, the U.S. is poised to solidify its position as a hub for cryptocurrency development. Investors seeking long-term opportunities should closely monitor government policies and market trends. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. FAQs What did Eric Trump say about crypto? Eric Trump encouraged investments in crypto, technology, and energy, describing the U.S. as having limitless potential under the current administration. Why is Eric Trump’s statement significant for crypto? His support signals growing government acknowledgment of cryptocurrency as a key asset class and economic growth driver. What sectors did Eric Trump highlight for investment? Eric Trump emphasized crypto, energy, and technology as areas with significant potential for growth. How is the U.S. positioned in the global crypto market? The U.S. leads in crypto innovation, regulatory clarity, and institutional adoption, making it a key player in the industry. What are the risks of investing in crypto in the U.S.? Risks include regulatory uncertainties, market volatility, and geopolitical factors that could influence the industry. How does the Trump administration support crypto? The administration promotes a pro-innovation stance, emphasizing deregulation and creating a favorable environment for blockchain and digital assets. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. crypto.news