Solana Name Service Rebrands

Solana Name Service Rebrands, Aims to Revolutionize Digital Identity

Bonfida, the project behind the Solana Name Service (SNS), has undergone a rebrand to better reflect its mission: shaping the future of digital identity on the Solana blockchain.

Launched three years ago with support from the Solana Foundation, the project has evolved into a full-fledged name service platform, offering a more user-friendly experience for managing digital identities. This rebranding comes in response to overwhelming demand from the Solana community for a platform that truly represents the potential of decentralized domain names.

With SNS, users can easily create human-readable addresses for their Solana wallets, simplifying transactions and enhancing overall usability. The platform is poised to play a pivotal role in the growth of the Solana ecosystem and the broader adoption of Web3 technologies.

Dave Portnoy: Bitcoin Believer, Not Buyer

Barstool Sports founder Dave Portnoy has a love-hate relationship with Bitcoin. While he's a fan of the cryptocurrency and accepts it as payment, he's hesitant to buy it at current prices.

Portnoy recently revealed that he received a portion of his Kraken sponsorship deal in Bitcoin. However, his "day trader" instincts kick in when it comes to buying the cryptocurrency. He admits to a history of poor timing in the Bitcoin market and believes the current price of over $60,000 is too high for him to comfortably invest in.

Despite his reluctance to buy, Portnoy remains a Bitcoin believer. He's open to accepting Bitcoin payments, as evidenced by his February deal with Kraken to sponsor his "Davey Day Trader Global" livestream.

So, while Dave Portnoy might not be adding to his Bitcoin stash anytime soon, he's still cheering for the cryptocurrency from the sidelines.

WazirX Hacked: $234 Million Drained

Cryptocurrency exchange WazirX has fallen victim to a major security breach, with hackers making off with $234.9 million in funds.

The attack involved the exchange's Safe Multisig wallet on Ethereum, according to Web3 security firm Cyvers. The stolen funds, including Tether, PepePEPE, and Gala, were quickly swapped for Ether and moved to a new address.

In response, WazirX has temporarily halted withdrawals of both cryptocurrencies and Indian rupees. The exchange is currently investigating the incident and promises to provide updates as the situation develops.

This latest hack serves as a stark reminder of the risks inherent in the cryptocurrency space, highlighting the importance of robust security measures for exchanges and their users.

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