The majority of the crypto X (Twitter) users raised concerns over the future of the Solana blockchain, as Solana is failing to provide scalability with better stability. 
Solana is a highly popular Proof-of-stake (PoS) crypto network which is known for its special protocol Proof-of-history (PoH) which helps the network to process transactions at a very low transaction fee. In the past, the Solana blockchain faced multiple bug issues & went offline multiple times, which caused a significant downfall in the trade price of Sol coin, the native token of the Solana network. 
In the present time, the majority of the crypto traders on the Solana Dex Raydium noted that their transaction failure rate is very high, which is showing a new struggling phase of the Solana network, probably due to high network load. 
As per the report, the Solana network’s current transaction failure rate is 75% which is a very big concern for those people who are using the Solana network & Solana Defi exchanges. 

Solana currently has a 75% tx fail rate

Highest value so far pic.twitter.com/3yTZIvu81s
— Wazz (@WazzCrypto) April 4, 2024

Following these issues, some crypto traders appreciated the role of the Cardano blockchain as a much better blockchain network than Solana.
In particular, a Cardano proponent said that he would always remain bullish on the Cardano blockchain network because this network is much better than Sol in terms of the stability & decentralisation nature of the network. 

Around 75% of Solana transactions failing.

Let me start by saying to be 100% fair, I was trading a newly launched token the other day on Cardano, and the transactions took longer than I would have liked there as well.

All these chains have a ton of progress to be made.

While… pic.twitter.com/aSBSzfBqfe
— Dan Gambardello (@cryptorecruitr) April 4, 2024

Popular crypto influencer Slumdoge Millionaire also showed his disappointment with Solana and said that probably it is time to go with Base blockchain, a layer-2 Ethereum scaling network.

#ETHEREUM is too expensive and #SOLANA doesn’t work… guess we’re all going to @BASE chain 
— SlumDOGE Millionaire (@ProTheDoge) April 5, 2024

Following such discussion around the Solana network, the trade price of Sol coin crashed nearly 9% today. 

Another struggling phase for #Solana, amid the transaction's 75% failure rate pic.twitter.com/72pEs70Tee
— Bitcoinik (@Bitcoinikdotcom) April 5, 2024

Read also: Here is why FTX co-founder SBF’s 25 years of jail sentence fair
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin (BTC) Consolidates And Gathers Strength For Next Upside Move

Table Of Contents

• $BTC bull pennant takes shape
• Sideways movement until the pattern breaks
• A huge measured move
• Making sure you have some bitcoin

After February’s strong up movement, Bitcoin has generally moved sideways through March and now into April. The longer the sideways move, potentially the bigger and more explosive move to follow. 
Since the beginning of February, and into the first half of March bitcoin put on 76% in price gains. From the top at $73,800, the price has moved down and sideways. The longer this current move continues, the bigger a potential consequent upside movement could be.

$BTC Bull Pennant Takes Shape

Source: Coingecko/Trading View
On the daily time frame it can be seen that the $BTC price was able to haul itself back above the trend line it has been following since early February. However, on Friday the price has dipped back below. That said, the chart pattern has now morphed into a bull pennant, which is more likely to be exited from to the upside than the downside.

Sideways Movement Until The Pattern Breaks

Source: Coingecko/Trading View
Zooming in with the 4-hour chart, it can be observed that $BTC is indeed traversing along inside the pennant. This could mean that the $BTC price continues this sideways price action for nearly another two weeks, although $BTC generally tends to exit these patterns before getting to the end of them.

A Huge Measured Move

Depending where one starts the measured move for the bull pennant (and this can be quite subjective) will ultimately decide the eventual target. With this in mind, assuming that the bottom of the flagpole is taken from 23 January, at the then price of $38,600, gives a target of $105,000, which does correlate somewhat with the 1.618 fibonacci, which gives a similar price of $102,000.
If $BTC breaks from the pattern in the opposite direction, the measure move would potentially take the price all the way back to $51,000. This would correlate with good support at this level.
If we concentrate on this latter, bearish scenario, it might be a move that would strike fear into the hearts of many investors. Nevertheless, it would be a healthy move which allowed more price structure to be built, providing a more solid base for the next move up. In addition to this, it would give another opportunity to buy bitcoin for those still wishing to enter the market, and for those already in who would be able to increase their positions.

Making Sure You Have Some Bitcoin

When trading or investing in any other asset, taking profit is a huge consideration. However, when it comes to bitcoin, making sure that you have some, or that you have a decent position, is all that matters. At the end of the day, if you believe in bitcoin, and understand what it is doing, buying it and self-custodying it is arguably the most important thing that you can do.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Philippines SEC Targets EToro Following Binance Action

Table Of Contents

• Philippines SEC Issues Advisory 
• Action Against eToro Representatives 
• Similar Advisory Against Binance 

The Philippines Security and Exchange Commission has issued an advisory against online trading platform eToro, accusing it of offering unregistered securities in the country. 
The Philippines regulator had earlier taken action against Binance and blockaded the exchange’s operations in the country. 

Philippines SEC Issues Advisory 

The regulator issued the advisory in March and was publicly posted on the 4th of April, informing the public at large that eToro was not authorized to sell or offer securities to investors in the Philippines. The regulatory body stated that while eToro is a registered broker/dealer in different jurisdictions, certain requirements must be met before any platform can offer securities and investment products in the Philippines. eToro is one of the most popular trading platforms in the world, with over 30 million registered users in 140 countries. The platform is extremely popular in the UK, Europe, the US, and Australia. 
According to the Philippines SEC, eToro has been operating without a license in the country. 

“Based on the Commission’s database, the operator of the platform ETORO is NOT REGISTERED as a corporation in the Philippines and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to sell or offer any form of securities as defined under Section 3.1 of the Securities Regulation Code (SRC), to engage in the business of buying or selling securities or as a broker or dealer as provided under Section 28 of the SRC, or to create or operate an exchange for the buying and selling of securities as provided under Section 32 of the SRC,” said the Philippines Securities and Exchange Commission.”

Action Against EToro Representatives 

The advisory went on to state that any individual acting as a salesperson, promoter, influencer, endorser, or agent of eToro could face a penalty of up to $88,300 (5 million Philippines pesos) and 21 years in prison for violating securities laws. eToro has listed the Philippines as a supported country on its website. The platform has not yet commented on the developments. 

Similar Advisory Against Binance 

In November 2023, the Philippines SEC issued a similar advisory against Binance, stating that the platform was not authorized to sell or offer securities to the public. The regulatory body revealed plans to block local access to the exchange in March, stating that the platform had continued to offer investment and trading opportunities to residents of the Philippines without obtaining the necessary licenses from the commission. 
The SEC also requested Google and Meta to block all marketing campaigns related to Binance in the Philippines and ask the national internet provider to block access to the exchange’s website. The SEC Chairperson Emilio B. Aquino had stated at the time, 

“The SEC has identified the aforementioned platform and concluded that the public’s continued access to these websites/apps poses a threat to the security of the funds of investing Filipinos.”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

What's Happening With Solana (SOL)? Blockchain Shows Bizzare Stats

Solana has been facing some issues lately. Around 75% of transactions on Solana are not going through as they should. This started when people trading meme coins on decentralized exchanges noticed that many of their transactions were failing or having problems, especially when they were using Raydium pools.
This is not just happening to meme coin traders, though. Regular Solana users are also having trouble moving their money around, whether sending it to other wallets or to exchanges. Chart by TradingView
These issues are a surprise for Solana, which is usually known for a high throughput and stability. But now, these issues are affecting Solana's value on the market. When we look at the price chart, we can see that Solana's price has gone down by 5%. One of the reasons behind that reaction could be tied to the fact that traders are afraid of yet another outage.
The price of Solana is now $174.40, and it looks like the trouble with the transactions might be making people less confident in the network in general. The next important price to watch is $152.46. This is where the 50-day average price is, and it is a place where the price might stop falling. But if it does not stop there, the price could go down even more, possibly as low as $132 or $101.
With the whole crypto market not doing so well right now, the problems with Solana are extra bad timing. People who have money in SOL or who were thinking about buying it are probably worried about these issues. 
The recent issues with Solana are making people think twice about it, and we can see this worry showing up in the price of SOL. Hopefully, the network will withstand the current pressure and recover successfully.
Crypto

Solana Meme Project Donk.Meme Raises 1000 SOL In 10 Days

Solana Meme Project Donk.Meme Raises 1000 SOL In 10 Days
Dublin, Ireland, April 4th, 2024, Chainwire
Donk.Meme ($DONKM) presale is officially live and this new donkey themed Solana meme coin is replicating the same method pioneered by Book Of Meme founders and adopted by the likes of $SLERF.
Over 1,000 SOL has been raised in the first few days of the presale with over 7 days left to go which is a testament to Donk.meme's novel presale mechanism.
The trend of raising funds through direct transfers was pioneered by Darkfarms, the creators behind the impressive Book of Memes ($BOME) meme coin project which raised $100M in its presale and became a $1B crypto token after its launch.
What is Donk.Meme?
Donk.Meme, inspired by the beloved Donkey in the Shrek movie, with its roots deeply inspired by the beloved character from Shrek.
Donk.Meme is more than just another coin; it's beginning to attract attention from users in the crypto ecosystem and fans of meme coins alike.
More people are getting interested in memecoins, the Solana blockchain has fast processing and low fees, making it a good place to start meme coins. In this landscape, $SOL, Solana's own token, shines as a clear example of why more meme coin creators and crypto enthusiasts are turning to this blockchain.
A New Way to Get Involved into Meme Coin Presales
The Donk.Meme presale operates differently from typical presale procedures. In this case, participants are required to transfer $SOL tokens to a specific presale wallet address to qualify for a $DONKM airdrop when the token launches.
The necessary wallet address for this transaction is provided on the Donk.meme presale webpage. It's important for users to verify the accuracy of the wallet address and the website URL against provided references before initiating any SOL transfers.
Once the $SOL tokens are sent, the $DONKM token will be automatically airdropped to the sending wallet. Therefore, it's crucial for potential investors to use a private wallet for this transfer, as transactions from centralized exchanges (e.g., Binance, Coinbase (NASDAQ:COIN), Crypto.com, OKX) will not be eligible for the airdrop.
Users can refer to the guide for guidance on how to participate in the presale.
Users are invited to stay connected with the Donk.Meme Telegram and Discord channels to keep abreast of all updates and partnership announcements.
About Donk.Meme
Donk.Meme is a pioneering meme coin project launched on the Solana blockchain, inspired by the beloved character Donkey from the iconic Shrek series. It represents a unique blend of humor and investment potential.
Users can stay Up to date By Following Donk.meme On Social Media
Website | Twitter | Telegram | Discord
Donk.Meme is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
ContactMarketing OfficerDon PutrioDonkMemeheehaw@donk.meme
This article was originally published on Chainwire