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Money

Solana shows resilience, but some areas need continued observation, Fidelity says

Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report. Solana has made significant progress in terms of network health across resilience, economic security and performance indicators, according to a Fidelity report. The layer-1 blockchain has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software could pose an outage threat, according to the report by Fidelity’s Center for Applied Technology (FCAT). The report said economic security was supported by substantial staking participation and incentives that reward validator performance. Low latency, expanded capacity and inexpensive transactions also support practical use at scale. Related: Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expandTo be sure, the Fidelity report noted that several areas surrounding decentralization and resilience warrant continued observation, including stake concentration among a small number of validator identities and operators. Cointelegraph reported on Aug.

Cointelegraph·
Money

Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report

Stablecoin issuer Circle is seeking to enter about 40 developing markets, according to the company’s CEO and ​chairman, Jeremy Allaire. “We’re kind of going through an inflection point... a transition right now, ‌and that transition is essentially moving from the early adopter phase of blockchain technology into the mainstream scaling phase,” Allaire told Reuters, speaking Friday on the sidelines of the IMF and World Bank meetings ​in Bangkok. Markets in Southeast Asia, Latin America, Africa and the Middle East are experiencing increasing demand for stablecoins as businesses and individuals seek to enter the internet-based economic system, Allaire reportedly said. Cointelegraph reported on Aug. 24 that analysts at Bernstein were bullish on Circle (CRCL), foreseeing a new growth cycle for its USDC stablecoin may provide a significant boost for the company over the next 12 months. Bernstein said the next phase of stablecoin growth could be driven by several factors, including renewed momentum in crypto markets, greater US regulatory clarity, tokenized capital markets and growing adoption of stablecoins for payments.

Cointelegraph·
Money

Lagarde says euro-area economy is resilient, digital euro under development

“The digital euro will further stimulate innovation and competition in retail payments,” according to the ECB president. European Central Bank President Christine Lagarde said September’s 3.8% euro-area inflation rate largely reflected high energy costs, which the ECB expects to ease next year. Lagarde said while an energy shock is expected to keep euro-area inflation above the bank’s target through the first half of 2027, a measured policy response remains appropriate, according to a statement delivered at the IMF Annual Meetings on Saturday. Lagarde also confirmed that the ECB is devising a digital euro. “In the retail space we are preparing to complement cash with its digital equivalent — the digital euro — for day-to-day payments. The digital euro will further stimulate innovation and competition in retail payments, ensuring that the continued co-existence of public and private solutions underpins Europe’s strategic autonomy in payments.”Cointelegraph reported on Sept.

Cointelegraph·
Money

Bitget to discontinue services for some users in one-off exercise

Bitget said it will discontinue services for some crypto users in what the exchange described as a “one-off exercise.”The cryptocurrency exchange said in a post on X on Saturday that users’ funds will remain safe during the service change for certain customers, while its crypto platform continues to operate. No rationale or criteria for the action was provided. Users can verify the safety of their assets here: https://abcdstable.com/academy/how-to-verify-your-assets-in-bitget. BitGet said effected users will receive direct notifications by email, in-app messages and/or push notifications about the next steps, relevant deadlines and arrangements for withdrawal. Users who have not received official notifications from Bitget can continue to use their accounts as usual. The post said Bitget’s customer support team can assist with pending orders, withdrawals and other account-related questions throughout the process. The exchange reminded users to use only official channels and to be cautious of phishing links, impersonation accounts and unverified information. Cointelegraph reported on Sept.

Cointelegraph·