Category: Altcoins

Chainlink Price Jumped More Than 45% in 48 Hours and 440% in Twelve Months

Chainlink Price Jumped More Than 45% in 48 Hours and 440% in Twelve MonthsChainlink’s token surged more than 45% from $9.53 to $14.09 between Friday and Sunday data shows. The surge saw chainlink’s (LINK) market capitalization shooting to $5.12 billion which makes it the sixth most capitalized token, just ahead of cardano (ADA). At the time of writing, chainlink is the only top ten token with a double-digit […]

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Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North AmericaOn August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain […]

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Ripple Says Over-The-Counter XRP Sales Soared 1,700% to $33 Million in Q2

Ripple Says Over-The-Counter XRP Sales Soared 1,700% to $33 Million in Q2Ripple has reported that over-the-counter sales of its XRP digital currency soared 1,760% to $32.55 million during the second quarter of this year. That figure compares with sales of $1.75 million posted the previous quarter, according to an earnings release published August 3. Ripple said programmatic sales – third party trading which was stopped late […]

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-DaysStatistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights. Decentralized finance (defi) is a term used […]

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Tether Prints $300 Million, While XRP Reclaims Third Spot

Tether Prints $300 Million, While XRP Reclaims Third SpotTether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone. The latest USDT printing will see the top stablecoin’s market capitalization significantly passing the $10 billion mark. Responding to a whale alert twitter post, however, Paolo Ardoino the CTO […]

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Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to the Fed

Veteran Analyst Peter Brandt Scorns 'XRP's Bag Holder,' Compares Ripple to the FedVeteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t understand why “otherwise smart people” have drank the “XRP-Kool-aide.” A number of digital currency investors […]

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NBA Point Guard Spencer Dinwiddie’s Tokenized Contract Raises $1.3 Million

NBA Point Guard Spencer Dinwiddie's Tokenized Contract Raises $1.3 MillionNBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 million). Even though the Brooklyn Nets guard Spencer Dinwiddie put a lot of energy […]

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Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months

Crypto Race Heats Up: Bitcoin's Dominance Ratio Drops to Lowest Level in 12 MonthsThe largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level was around the 61% range was over 12 months ago […]

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Y Curve Interest Rates Reach 2,000%, Assets Under Management Grows Tenfold After Token Launch

Y Curve Interest Rates Reach 2,000%, Assets Under Management Grows Tenfold After Token LaunchDepositors to the Y Curve decentralized finance (defi) pool received as much as 2,000% in interest this Saturday and about 600% (annualized) for the entire day. Before this increase, liquidity providers had been earning an aggregate rate of 10.58%. The latest interest rate growth follows Yearn Finance’s release of a YFI token to govern the […]

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Altseason Imminent: ‘Most Altcoins Should Gain on Bitcoin Soon,’ Says Veteran Analyst

During the last 30 and 90-day intervals, a number of altcoins have done much better than bitcoin, as far as price percentage increases are concerned. Last Thursday, the popular analyst Peter Brandt told his 360,000 followers that the price of ethereum saw a “significant breakout” against bitcoin. Moreover, a number of cryptocurrency proponents have been […]

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60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments

60 Hong Kong-Based Vending Machines Support McAfee's Ghost Token for PaymentsOn June 28, 2020, the team behind Ghost Coin revealed a partnership with the digital currency payment processor Ivendpay. Ghost is a project led by the notorious John McAfee and according to the recent announcement, 60 vending machines in Hong Kong will support the privacy-centric coin for payments. It’s surely never a dull day in […]

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‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol BalancerDecentralized finance (Defi) protocol ​Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency. In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens. Pools with Sta and Stonk tokens were affected by this exploit, Balancer, an automated market marker protocol, said on […]

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Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum

Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of EthereumCrypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago last Wednesday. The transaction was recorded by Whale Alert, and the $187 million worth of ether stems from the Plustoken scammers. On Wednesday, June 24, 2020, at approximately 9:46 a.m. (ET) the Plustoken scammers who have yet to be […]

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Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

Yield Farming Pool Concept May Solidify Ethereum's Role as BTC's Main SidechainDecentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just recently, the platform Synthetix revealed a partnership with Bitgo and the Ren Project […]

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Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether TransactionHistory repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by […]

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Nightmare Come True: User Pays $2.6 Million in Transaction Fees to Send $134 of Ether

Nightmare Come True: User Pays $2.6 Million Transaction Fees to Send $134 of EtherA record ethereum transaction fee has been paid today: $2.6 million to transfer $134. The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on a transaction mined by Sparkpool. A nightmare come true, the customer sent 0.55 ether, worth […]

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Not So Private: 99% of Zcash and Dash Transactions Traceable, Says Chainalysis

Not So Private: 99% of Zcash and Dash Transactions Traceable, Says ChainalysisChainalysis says it can track 99% of transactions involving Zcash, and almost all of Dash’s – coins that both fancy themselves as private and untraceable. Now, that’s because the majority of users do not utilize the optional privacy-enhancing features available on the two blockchains, it said in a June 8 blog, announcing support for the […]

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

Despite Trust Model Debates, Ethereum Is Bitcoin's Largest Sidechain by Total Value LockedThe Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just […]

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Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital […]

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Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project

Telegram Forces US Investors to Take 72% Refund and Exit Gram Token ProjectTelegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment. The encrypted messaging platform’s unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either in Gram token or in any other cryptocurrency. According to a letter sent […]

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Grayscale Buys 50% of All Ethereum Mined in 2020

Grayscale Buys 50% of All Ethereum Mined in 2020Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As of April 24, the company had $2.7 billion worth of […]

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Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours

Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million; Coin Tanks 9% in 24 HoursThe Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling Zcon2 and reduced travel expenses. Zcash is […]

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