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In straightforward terms, Solana is designed as a flexible, multi-purpose blockchain, while Bitcoin was built for a single core function.
Core Design Philosophy
Solana represents a newer generation of blockchains focused on speed, scalability, and application development. Bitcoin, by contrast, was created primarily as a peer-to-peer digital money system, with limited functionality beyond value transfer.
Consensus Model
Solana operates on a Proof-of-Stake framework. Validators must lock up a significant amount of SOL to participate in transaction validation and earn rewards. This system is energy-efficient and typically runs on high-performance consumer or enterprise hardware.
Bitcoin relies on Proof-of-Work, where miners compete using computational power to validate transactions. This approach is far more energy-intensive and capital-heavy. While smaller machines can technically participate, profitability and efficiency are extremely limited at that scale.
Transaction Throughput
Solana comfortably handles around 4,000 transactions per second under normal conditions and can scale far beyond that when demand spikes. This capability was demonstrated during high-traffic events such as the Trump memecoin launch in January 2025.
Bitcoin processes transactions at a much slower pace, prioritizing security and stability over throughput.
Network Decentralization
Bitcoin remains one of the most decentralized networks in existence, with over a million miners distributed globally. Solana, in comparison, operates with a smaller validator set of roughly a few hundred participants.
A broader validator or miner base generally reduces systemic risk and increases resistance to manipulation.
Security Track Record
Bitcoin is widely regarded as highly secure, supported by its long operational history and minimal critical incidents since its early days in 2010. Solana has faced multiple network outages and reliability issues in the past, particularly before 2024, which has impacted its security perception.
DeFi Capabilities
Solana is built to support decentralized finance at the protocol level and hosts an active ecosystem with billions of dollars in total value locked. Bitcoin does not offer native DeFi functionality.
Application Development
Solana supports smart contracts, enabling developers to build decentralized applications directly on the network. Bitcoin lacks native smart contract functionality, which limits on-chain application development.
Where Solana Excels
Solana enables open development through smart contracts, decentralized applications, and DeFi infrastructure, allowing anyone to build on top of the network.
Where Bitcoin Leads
Bitcoin benefits from unmatched global recognition, deep liquidity, and strong institutional adoption. These factors contribute to its relative price stability and long-term positioning as a digital store of value.
Why Bitcoin Is More Valuable Despite Fewer Features
Bitcoin launched in January 2009, more than a decade before Solana’s debut in 2020. This early start allowed Bitcoin to establish dominance, trust, and scale long before competitors emerged. By the time Solana entered the market, Bitcoin had already grown into a half-trillion-dollar asset.
Frequently Asked Questions
Who created Solana?

Solana was founded in 2020 by Anatoly Yakovenko.
Who created Bitcoin?

Bitcoin was introduced between 2007 and 2009 by the pseudonymous cryptographer Satoshi Nakamoto.

Jak se vypočítá daň z kryptoměny?
Daň z kryptoměny se vypočítává z příjmů, které nebyly oznámeny nebo nahlášeny, ať už se jedná o osobní příjem nebo kapitálové zisky.
V běžných případech jsou zisky z kryptotransakcí zdaněny sazbou 30 %, bez ohledu na ztráty, které byly v daném fiskálním roce zaznamenány. Ztráty nelze kompenzovat zisky.
Nicméně, pokud je příjem z kryptoměny neoznámen, aplikuje se výrazně vyšší pokuta.
Příklad:

Pokud jste v roce 2023 vydělali 5 000 rupií zisku z kryptoměny, bude standardní daňová povinnost 1 500 rupií při sazbě 30 %. Pokud by tento příjem nebyl nahlášen, daňová povinnost stoupne na 3 500 rupií, což je 70 % celkového příjmu z kryptoměny.

Common Trading Pitfalls to Avoid
Greed
Many traders allow profitable positions to run longer than planned in pursuit of marginal gains. This mindset has no natural stopping point. When markets reverse, unrealized profits often disappear, or winning trades turn into losses.
The most effective way to control greed is to define exit levels in advance. Setting clear take-profit targets before entering a trade removes emotional decision-making when prices move quickly.
Fear
Fear surfaces when traders become overly focused on protecting short-term gains or react to market noise and FUD. This often results in premature exits, cutting strong trades before trends have fully played out.
Traders should rely on structure rather than sentiment. Exits should occur only when technical trends break or when price moves beyond a predefined stop-loss level.
Negligence
Entering trades without proper confirmation is a common mistake. Relying on a single indicator or acting on incomplete information increases the risk of false breakouts and failed setups. These errors frequently lead to avoidable losses.
Using multiple indicators and understanding broader market context improves accuracy and reduces impulsive decisions. Strong foundational knowledge is critical before risking capital.
Recklessness
Early success can create a false sense of confidence. After a few winning trades, beginners often assume markets are predictable and begin increasing position sizes aggressively. This behavior usually ends in outsized losses.
Each trade should be treated independently, with risk calibrated to current market conditions rather than past outcomes. Consistency matters more than speed.
Following the Crowd
Many traders blindly follow peers, influencers, or self-proclaimed experts. However, every trader operates with different strategies, risk tolerance, and psychology. A setup that works for one participant may fail for another.
Developing personalized indicators, rules, and execution frameworks is essential before committing real capital.
Emotional Discipline
Emotions influence every trading decision. Controlled emotions support discipline, while poor emotional regulation leads to inconsistent entries, ignored stop-losses, and impulsive exits.
Building a strong trading mindset takes time. Practicing in simulated environments and refining decision-making processes helps traders maintain control when real money is on the line.
Frequently Asked Questions
How can traders avoid catching a falling knife?

A falling knife describes buying an asset during a sharp decline. Traders can avoid this by respecting dominant trends and waiting for clear confirmation before entering positions.
What is the 3-5-7 rule in trading?

The 3-5-7 rule limits risk by capping losses at 3% per trade, keeping total portfolio risk under 5%, and targeting a minimum reward-to-risk ratio of 7:1.
Disclaimer:

BFM Times provides information strictly for educational purposes. The content does not constitute financial advice. Always consult a qualified financial professional before making investment decisions.

The Fastest Route to Wealth in Crypto
In practical terms, building a crypto-native business remains the most reliable path to achieving millionaire status in the digital asset space.
What Defines a Crypto Millionaire?
A crypto millionaire is anyone who has generated at least $1 million in net worth directly from crypto-related activities. This includes wealth earned through founding or scaling crypto businesses, early-stage investments, trading, token launches, or even substantial rewards such as airdrops.
Well-known figures such as Changpeng Zhao, Justin Sun, and even public figures like Donald Trump and Melania Trump fall into this category due to direct crypto exposure and earnings.
Importantly, individuals who earn significant income in other industries and later deploy that capital into crypto can still qualify-provided the crypto component alone exceeds the $1 million threshold. However, this definition excludes those whose primary wealth was created outside crypto and merely parked into digital assets later.
The Most Realistic Way to Become a Crypto Millionaire
Despite popular narratives, trading and passive investing rarely produce consistent millionaires due to high failure rates and market volatility. The highest-probability path is entrepreneurship.
Launching crypto-focused ventures-such as blockchain development companies, token-based protocols, NFT platforms, cross-chain bridges, liquidity infrastructure, or crypto investment vehicles-offers asymmetric upside and direct exposure to value creation. This approach aligns wealth generation with innovation rather than speculation.
How to Build a Viable Crypto Startup
A crypto startup should ideally be incorporated in a jurisdiction with regulatory clarity and low operational friction. Regions like the UAE provide a favorable environment due to progressive digital asset policies and reduced compliance uncertainty.
To scale quickly and move toward a seven-figure founder valuation, a startup must meet several strategic criteria:
It must address a real structural problem, such as scalability limitations, excessive centralization, capital inefficiency, or financial risk.It should operate in a niche with limited direct competition.Pricing must be competitive, as many crypto verticals are already dominated by well-funded incumbents.The business model should remain resilient against foreseeable regulatory changes, including stricter KYC or compliance mandates.It should not depend entirely on the success, survival, or narrative momentum of another protocol or company.What You Need to Launch Your Own Crypto Project
Regardless of geography, establishing a crypto company requires a foundational setup that investors expect:
Valid passports or national IDs of all co-founders.Proper incorporation documents, including registration certificates and clarity on tax treatment-especially if equity or tokens are issued.At least one co-founder with deep technical expertise in blockchain or crypto development.At least one co-founder with hands-on crypto-native marketing and growth experience.A functional, credible website.A working Minimum Viable Product suitable for investor or partner demos.
A Shortcut Many Builders Overlook
One of the most efficient entry points into the crypto startup ecosystem is participating in well-funded hackathons. These events often provide direct access to grants, early-stage capital, ecosystem partnerships, and accelerated visibility-dramatically shortening the path to funding.
Frequently Asked Questions
How many crypto millionaires exist today?

CNBC estimates that there were approximately 241,700 crypto millionaires globally by late 2025.
Would investing $1,000 in Bitcoin five years ago make someone a crypto millionaire?

No. In 2020, Bitcoin traded near $9,250. A $1,000 investment would have yielded roughly 0.1 BTC, which would be worth around $45,000 in 2026. Reaching millionaire status would have required an initial investment closer to $22,000.
Which cryptocurrencies do major billionaires hold?

Elon Musk has publicly acknowledged holding Bitcoin, Ethereum, and Dogecoin.

Disclaimer:

BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial professional before making any investment decisions.

The attackers appeared to be highly selective, prioritising psychological manipulation over sophisticated technical exploits. Instead of relying on complex malware, they exploited trust, routine, and human error.
Related: North Korean hackers linked to crypto theft via fake Zoom meetings
UK Retailers Hit by a Coordinated Cybercrime Campaign
A wave of coordinated cyberattacks recently swept through major UK retailers, with several high-profile brands suffering significant operational and financial damage during the Scattered Spider campaign.
Among the hardest hit were Marks & Spencer, The Co-operative Group, and Harrods. UK authorities confirmed that the group deployed DragonForce ransomware as a pressure tactic to extract leverage from victims.
In July, law enforcement arrested four suspects, all of whom were teenagers. The arrests highlighted a growing reality: modern cybercrime rings are increasingly young, decentralised, and alarmingly well-organised.
The financial impact was severe. Marks & Spencer estimated losses of roughly £300 million, while the Co-op disclosed revenue losses amounting to £206 million.
Inside the Marks & Spencer Breach
During a UK Parliament committee session, M&S chairman Archie Norman confirmed that the attack followed known Scattered Spider playbooks and involved DragonForce ransomware. He declined to confirm whether a ransom payment was made.
According to Norman, the breach began with social engineering and was compounded by a third-party supply chain weakness. Stolen credentials linked to Tata Consultancy Services played a role in enabling access.
Rather than engaging directly with the attackers, M&S chose to work through specialist intermediaries. The consequences were extensive. Online ordering was suspended for months, and core systems had to be rebuilt almost entirely from scratch.
Why the Co-op Bounced Back Faster
Although the Co-op was also compromised, its recovery was significantly quicker. Stock availability normalised by late May, and most stores resumed full operations by June.
Speaking at the Financial Times Cyber Resilience Summit, MP Alison Griffiths attributed the difference to contrasting technology strategies. The Co-op had already progressed far in moving away from legacy infrastructure, with cloud migration well underway.
This modernisation limited attackers’ ability to operate inside internal systems and sharply reduced recovery time. In contrast, M&S’s slower transition meant system restoration took close to four months, giving attackers a longer window to inflict damage.
Why Retailers Remain Prime Targets
Retail remains one of the most attractive sectors for cybercriminals. Large workforces increase exposure, and M&S alone employs around 50,000 people, expanding the attack surface dramatically.
Retailers also store high-value data, including payment information, consumer behaviour insights, and sensitive internal records. According to Kroll’s Brent R. Tomlinson, the sector is a “target-rich environment,” where outdated systems and constrained security budgets remain common.
The Bigger Lesson
The Scattered Spider incidents exposed uncomfortable truths for the UK and beyond. Cybersecurity is not purely a technical problem. Human behaviour, infrastructure decisions, and organisational readiness play an equally critical role.
Faster cloud adoption reduced downtime, while better coordination and information sharing improved response effectiveness. The message is clear: resilience is built long before an attack begins.
Disclaimer: BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial advisor before making any investment decisions.

More than $3.4 billion in cryptocurrency was stolen over the past year, with North Korea-linked hackers accounting for nearly $2 billion of that total. The figures highlight a clear shift in crypto crime dynamics, where attackers are executing fewer operations but targeting far larger payouts.
North Korea Drives Record Crypto Losses
Blockchain analytics firm Chainalysis estimates that North Korean actors stole approximately $2.02 billion in crypto, marking a 51% increase compared to the previous year. This surge has pushed cumulative losses attributed to the country to nearly $6.75 billion.
Although the overall number of attacks declined, the financial impact rose sharply due to a small number of high-value breaches. One incident alone-the February 2025 hack of Bybit-resulted in losses of around $1.5 billion, significantly skewing annual totals.
Service providers bore the brunt of these losses, as centralised platforms experienced rare but devastating private-key compromises that drained funds within minutes. By early December, industry-wide crypto losses had already surpassed $3.4 billion, with North Korea-linked groups responsible for the majority of the damage.
Bigger Hacks, Fewer Incidents
Data shows an expanding gap between typical hacks and extreme outliers. Last year, the largest single breach exceeded the median loss by more than 1,000 times-an unprecedented divergence.
Chainalysis reports that just three attacks were responsible for 69% of total service-provider losses. While smaller incidents continue to occur, their financial impact has become marginal compared to these major breaches. Since 2022, North Korea-linked thefts have consistently clustered at the highest value ranges, whereas other criminal groups tend to execute a broader mix of smaller attacks.
Distinct Laundering Behaviour
North Korean hackers also display unique laundering strategies. Rather than moving funds in large blocks, they typically split transfers into amounts below $500,000, a tactic that contrasts with other groups and helps analysts identify behavioral patterns.
Cross-chain bridges have played a key role in these operations, with platforms such as Celer and Stargate frequently used to shift assets between networks. Notably, these actors interact less with decentralised exchanges, lending protocols, and peer-to-peer platforms than other cybercriminals.
Retail Wallet Thefts Rise
While state-linked hacks dominate headlines, individual users remain highly exposed. Wallet compromise incidents climbed to roughly 158,000-nearly triple the levels seen in 2022. The number of unique victims rose to at least 80,000, driven partly by broader crypto adoption.
Despite the higher victim count, total losses from personal wallet theft fell to $713 million, down from $1.5 billion the previous year. This suggests attackers are targeting more users but extracting smaller amounts per victim.
Solana recorded the highest number of affected users, while Ethereum and Tron showed the highest theft rates relative to active wallets.
A Changing Threat Landscape
This year’s data points to a more calculated approach to crypto crime. Hackers are demonstrating greater patience, coordination, and selectivity-executing fewer attacks but achieving record-breaking losses when they strike.
Crypto crime has not faded. It has evolved. Understanding these shifting patterns may be critical to preventing the next wave of large-scale breaches.
Disclaimer: BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers are advised to consult a qualified financial professional before making any investment decisions.

For months, market participants assumed that the conclusion of Ripple’s prolonged legal dispute with US regulators would clear the path for an uninterrupted rally in XRP.
That optimism has yet to materialise. The token has struggled to maintain momentum above the $2 level, and despite more than $1.4 billion entering spot XRP ETFs, price action remains capped by persistent resistance. Instead of accelerating higher, XRP appears locked in a narrow and fragile range.
XRP Price Outlook Heading Into the New Year
As the year begins, XRP’s short-term trajectory hinges on a critical support band around $2.80. This zone has become a decisive battleground for buyers. Holding above it could allow the price to push toward the $2.20 region in relatively short order.
Failure, however, would likely trigger aggressive downside pressure. Several analysts warn that a breakdown below $1.80 could open the door to deeper losses, with $1.60-or lower-emerging as realistic downside targets.
This uncertainty persists even after Ripple officially settled its case with the SEC in early May and US-based spot XRP ETFs launched later in the year. These milestones were widely viewed as the final catalysts for a sustained bull phase. Instead, XRP briefly peaked near $3.66 before surrendering roughly half of those gains within weeks.
By October, the token had slid to $1.58 and ultimately stabilised around $1.85 into year-end, reflecting fading momentum rather than renewed confidence.
Whale Accumulation Versus Weak Network Activity
On-chain data presents a divided picture. Large holders appear increasingly confident. According to Santiment, wallets holding over one billion XRP added approximately $3.6 billion worth of tokens in a single day—one of the most notable accumulation events this cycle.
This behaviour suggests that institutional-scale investors and long-term players are positioning ahead of a potential structural move, largely ignoring short-term volatility.
Network usage, however, tells a less encouraging story. Daily active addresses on the XRP Ledger have dropped sharply, falling more than 90% from their peak levels. From over 600,000 active users in March, activity declined to roughly 38,500 by December, raising questions about near-term demand and real-world usage growth.
Standard Chartered Maintains a Bullish Long-Term View
Despite the subdued price action, optimism remains among some major financial institutions. Standard Chartered has reiterated its projection that XRP could reach $8 before year-end, implying a potential upside of more than 300% from current levels.
The bank attributes this outlook to improving regulatory clarity in the US and increasing traction for spot XRP ETFs, which could gradually translate into sustained institutional inflows.
Technical Indicators Remain Divided
From a technical standpoint, signals remain mixed. XRP’s Relative Strength Index currently hovers near 48, placing the asset firmly in neutral territory and leaving room for a decisive move in either direction.
Veteran trader Peter Brandt has cautioned that a developing double-top formation could indicate a broader trend reversal. If confirmed, this pattern historically precedes prolonged declines. Some analysts have gone as far as suggesting that a loss of key support could drag XRP below $1 under extreme conditions.
For now, XRP sits at a crossroads-caught between long-term conviction from large holders and weakening short-term fundamentals that continue to weigh on price.

Disclaimer: BFM Times provides informational content for educational purposes only and does not offer financial advice. Readers should consult a qualified financial professional before making any investment decisions.

The NFT market has entered a decisive reset phase. As the new year unfolds, blockchain data reveals that more than 1.34 billion NFTs have now been minted across major networks-an unprecedented level of supply that sharply contrasts with shrinking buyer activity.
Despite record minting levels, investor participation continues to decline, and total sales revenue remains under pressure. This raises a critical question: is the NFT sector approaching its end, or is it simply evolving?
The NFT Slowdown and the Road Ahead
The NFT market’s imbalance has become increasingly difficult to ignore. Minting activity rose by 25% year-over-year, yet this growth reflects creator output rather than consumer demand.
Total NFT sales revenue fell to $5.63 billion over the past year, down sharply from $8.9 billion in 2024. At the same time, average NFT prices declined from $124 to approximately $96, reinforcing concerns around weakening buyer confidence.
These figures paint a clear picture: the market is oversaturated and demand-constrained. The era of headline-grabbing multimillion-dollar NFT sales has largely faded. However, while prices and revenues have fallen, on-chain activity remains active-suggesting the ecosystem is recalibrating rather than collapsing outright.
Why Speculative NFT Art Is Losing Ground
Much of the downturn stems from the collapse of speculative digital art and profile-picture (PFP) collections. During the peak years of 2021 and 2022, projects such as Bored Ape Yacht Club and CryptoPunks dominated the market narrative.
Today, many so-called “blue-chip” NFT collections have experienced floor-price declines of up to 75%. Assets once purchased for cultural status and scarcity now struggle to find liquidity on secondary markets.
The market has clearly moved beyond the “culture coin” phase. Buyers are increasingly unwilling to pay premiums for static assets with no functional value. Data from CryptoSlam indicates that monthly unique buyer counts have remained consistently low throughout the year, confirming that hype-driven participants have largely exited-leaving behind hundreds of millions of unsold tokens.
How Gaming NFTs Are Defying the Trend
While digital art NFTs stagnate, gaming-focused NFTs are gaining momentum. The global NFT gaming sector was valued at approximately $6.1 billion last year, driven by assets that serve practical in-game purposes.
Unlike collectible art, gaming NFTs represent functional items such as weapons, character skins, and virtual land. Their value lies in utility rather than speculation.
This functional demand creates a more resilient market cycle. Players purchase assets to enhance gameplay, not merely to resell them. As a result, demand persists even during broader market downturns. Leading marketplaces such as OpenSea and Magic Eden have responded by repositioning themselves from art-centric platforms to gaming-focused ecosystems.
The Shift Toward the Play-to-Own Economy
Early blockchain games largely followed the “Play-to-Earn” model, where financial incentives were central. Titles like Axie Infinity demonstrated short-term success but ultimately collapsed when token economies became unsustainable.
The industry has since pivoted toward Play-to-Own (P2O) models. Here, entertainment comes first, while NFTs function as ownership rewards rather than income guarantees.
This shift has proven effective. Companies such as Mythical Inc. and Splinterlands have built engaged communities centered on gameplay, digital identity, and long-term ownership. In North America alone, nearly 30% of NFT gamers now consider blockchain games their primary form of entertainment.
These users are not chasing rapid returns. Instead, they seek immersive experiences and meaningful digital ownership-signaling a more mature phase for NFTs within gaming.

Disclaimer: BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial professional before making investment decisions.