Altcoins

Altcoins are known as “alternative currencies,” this means cryptocurrencies that aren’t Bitcoin itself. The most popular altcoins on the market are Ethereum’s ether, XRP, litecoin, bitcoin cash, TRON’s TRX, EOS, and more.

While some altcoins are widely adopted and have a large number of use cases, others are seen as worthless. The most popular ones are relatively liquid and have specific use cases, while others may have crated use cases or security flaws.

On this page you’ll find the latest altcoin-related news and developments.

Epic Games Bashes Apple for Barring Payment Innovations Like Using Bitcoin

The developer of the hyper-popular video game Fortnite, Epic Games, has filed a lawsuit against Apple for allegedly monopolizing the in-app payments market, effectively barring “innovations” like bitcoin payments. The lawsuit alleges Apple is acting anti-competitively by imposing an “oppressive” 30% sales tax on app sales, and is banning third-party payment processors from its platform, […]

Barstool Sports President Dave Portnoy Says He Is ‘7 Figures Deep’ in Crypto

On Thursday (August 13), Dave Portnoy, the founder and president of Barstool Sports, who had invited the Winklevoss twins to visit him and show him how to buy Bitcoin, got his wish. In a video Portnoy published on Twitter on August 4, he admitted that although he had some time ago bought Bitcoin, he had since […]

Chainlink Investors ‘Increasingly Uncertain’ of LINK’s Continuous Rally

Chainlink investors are reportedly “increasingly uncertain” of LINK’s continued rally, as the cryptocurrency is now up over 123% so far this year and is now the fifth-largest cryptocurrency by market cap. According to blockchain analytics firm Santiment, LINK investors are starting to show signs they are “becoming increasingly uncertain in its prolonged rally,” which could […]

Tezos (XTZ) Longs on Bitfinex ‘Still Sky High’ After Crypto Surges 47% In Two Weeks

Tezos (XTZ), a smart contract blockchain built with formally verifiable code, has seen its price surge over 47% over the last two weeks, and analysts are pointing out long positions on the cryptocurrency are still “sky high.” According to CryptoCompare data, the price of XTZ has moved from little under $2.8 at the end of […]

Ripple Partner Flare Launching Public Network Using XRP Integration

Ripple partner Flare has announced plans to launch its public network which will utilize XRP integration as well as the native token Spark.

Ethereum Network Hashrate Hits 20-Month High as Transaction Fees Surge

The Ethereum network’s hashrate has hit a 20-month high amid a growing decentralized finance trend that clogged the cryptocurrency network to the post fees have surged over 3,500% year-to-date. According to data from Etherscan, at press time the hashrate on the Ethereum network is hovering above 200,000,000 GH/s, a level that has not been seen […]

Yam 2.0 Planned After DeFi Project Yam.Finance’s YAM Token Falls 99%

A new yield farming decentralized finance project has seen users lock over $500 million worth of cryptoassets on it before a bug was discovered, and plans for a second version of the project were created. The Yam.Finance DeFi project combines a number of decentralized finance applications, including an elastic supply inspired by Ampleforth, a fair […]

Bitcoin’s Positive Correlation With Gold Keeps Its Price Hovering Around $11,500

Although Bitcoin’s rolling 30-day correlation with gold is not currently as high it was last Friday (August 7), when it reached the all-time high of 68.9%, its price seemingly continues to move in lockstep with the price of gold. Below is a chart from Skew that shows how the rolling 30-day correlation between the price […]

Chainlink Surges Over 28.5% in 24 Hours to Take Fifth Place From Bitcoin Cash

LINK, which is the native token of decentralized oracle network Chainlink, is now the fifth most valuable cryptoasset by market cap after a huge price surge in the past 24-hour period. According to data from CryptoCompare, by 00:10 UTC on August 13, LINK reached the intraday high of $16.97. Shortly afterwards, Cameron Winklevoss, who is […]

Venezuela Moves to Collect Taxes in Its Oil-Backed Cryptocurrency Petro

Venezuela could soon start collecting taxes in its oil-backed cryptocurrency the Petro (PTR), as the Bolivarian Council of Mayors has signed the so-called “National Tax Harmonization Agreement.” The agreement applies to 305 municipalities in the country and specifies that tax and sanctions payments may be collected in the oil-backed cryptocurrency. Since it was launched, the […]

Crypto Users Rally to Support Beirut Following Last Week’s Explosion

A group of Lebanese expats and cryptocurrency users have organized a relief fund for victims of last week’s explosion in Beirut.

Two Token Projects Seemingly Exit Scam Shortly After Listing on Uniswap

Two small token projects appear to have gone down shortly after getting listed on decentralized exchange Uniswap, after investors poured funds into them. As first reported by The Block both projects – Nugs.space (NUGS) and the Nexeum Protocol (NEXE) – disappeared. The first projects, China-based Nugs.space, blamed going down on a “smart contract bug,” claiming […]

Australian Woman Jailed for Stealing Over 100,000 XRP

An Australian woman who hacked into the email of a 56-year-old man and access his cryptocurrency wallet to steal over 100,000 XRP tokens, has been sentenced to two years in prison for the theft. According to « Australian news outlet Information Age the woman, 25-year-old Kathryn Nguyen, stole the funds back in January 2018, at […]

Ethereum and DeFi Are ‘Going Mainstream’ Says Former Wall Street Trader

A former Wall Street bond trader at Citi and the head of research at TradeBlock, John Todaro, has revealed he believes the decentralized finance (DeFi) space and Ethereum are “going mainstream.” In a tweet published in response to ZeroHedge pointing out Chainlink’s price performance as more and more traders start paying attention to DeFi, Todaro […]

Band Protocol (BAND) and Chainlink (LINK): Two Seemingly Unstoppable Raging Bulls

On Sunday (August 9), Band Protocol (BAND) and Chainlink (LINK), the tokens of the two most successful decentralized oracle projects in the crypto space, are continuing their dazzling 2020 bull runs, seemingly recording double-digit percentage gains day after day, and racing up the crypto market cap tables. And if this is not FOMO (“Fear of […]

Pantera CEO Dan Morehead Reveals Hedge Fund’s Biggest Crypto Positions

Pantera Capital CEO Dan Morehead revealed the hedge fund’s largest crypto positions and said he was bullish on bitcoin over the next twelve months.

Nomura Research Institute Develops Price Appraisal Solution for Cryptoassets

Leading consulting and solutions provider Nomura Research Institute (NRI) has announced the launch of a new index for calculating the reference price for crypto-assets.

German Authorities Seize $30 Million in BTC and BCH From Movie Piracy Site

German authorities have seized over €25 million ($29.6 million) worth of bitcoin and bitcoin cash from the alleged programmer of a movie piracy website called movie2k.to According to a press release prosecutors sent out, the movie piracy website ran for five years and in that time reportedly distributed over 880,000 pirated copies of films. It […]

Chainlink vs Band Protocol: Battle of the Top Two Decentralized Oracle Projects

With both LINK and BAND both just setting new all-time highs, it seemed like a good time to take a closer look at the competition between two most successful decentralized oracle projects in the crypto space—Chainlink and Band Protocol. But before we start, it is important to understand the problem that both of these projects […]

Goldman Sachs Considering Creating Its Own Fiat-Backed Stablecoin

American multinational investment bank and financial services company Goldman Sachs’ recently-appointed Global Head of Digital Assets says that his firm is exploring the idea of creating its own “fiat digital token.” According to his Linkedin profile, McDermott, who has been with Goldman Sachs for almost 15 years, became the firm’s Global Head of Digital Assets in June, and before […]

Zeus Capital Slams Chainlink (LINK) as ‘Pump and Dump’ Scheme

Asset management and research firm Zeus Capital LLP has accused the popular altcoin chainlink of being a pump and dump scheme.

90% of Ethereum’s Supply Is in a State of Profit, Which Could Mean a Big Move Is Near

Over 90% of Ethereum’s circulating supply is now in a state of profit, which could mean a significant bearish move is coming in the near future, as the last time this happened the price of ETH dropped from $925 to $380 in 2018. According to research and analytics firm Glassnode, the percentage of the second-largest […]

Crypto Hedge Fund Shuts Down After Losing Half Its Money

Cryptocurrency hedge fund Neural Capital has shut down after losing half of its money since it launched back in 2017, when most cryptocurrencies rose to their all-time highs. According to CoinDesk, Neural Capital is now in the process of refunding investors’ money. The news outlet’s report cites three sources familiar with the matter, who claimed […]

U.S. Authorities Seize $6.5 Million in BTC and USDt From Alleged Ponzi Scheme

The U.S. Department of Justice (DOJ) has seized about $6.5 million worth of bitcoin and Tether’s USDt stablecoin from the administrator of the alleged crypto Ponzi scheme “Banana Fund.” Following an investigation conducted by the U.S. Secret Service (USSS), a forfeiture suit against the cryptocurrency account holding the funds of the Banana Fund’s unnamed administrator […]

XRP’s Rally Continues, Up by 4.5% Today Despite Sales by Ripple and Jed McCaleb

According to data by CryptoCompare, XRP’s strong rally in the past two-week period has taken it all the way from $0.1986 (10:00 UTC on July 21) to $0.3262 (03:00 UTC on August 2), which is the highest it has been since February 15. Scott Melker, a crypto trader at Texas West Capital, yesterday, called this […]

Chainlink (LINK) Sets New All-Time High, Next Stop $10?

According to data from CryptoCompare, around 08:45 UTC on Tuesday (August 4), Chainlink (LINK) surged past the $9.60 level to reach the intraday high of $9.62, which is a new all-time high (ATH). Currently (as of 08:50 UTC on August 4), LINK is trading at $9.60, up 13.8% against USD in the past 24-hour period. […]

Ethereum Classic (ETC) Suffers Block Reorganization Because of a Single Miner

it suffered in January 2019. The recent reorganization was caused by a single miner. The blockchain reorganization was confirmed by the Twitter account of ETC and of the founder of Ethereum Classic Labs James Wo. It occurred at block 10,904,146 and was not labeled as an attack, as the miner behind the reorganization was seemingly […]

Bitcoin Consolidating Around $11K, BitMEX CEO Expects Price to Go ‘Down, Then Up’

With Bitcoin taking a little rest after all the excitement over the weekend, BitMEX Co-Founder and CEO Arthur Hayes offered his price prediction for BTC. According to data from CryptoCompare, around 05:00 UTC on Sunday (August 2), Bitcoin suffered a flash crash that brought the BTC price from the intraday high of $12,106 to $10,69, […]

Coinbase Considering the Idea of Listing One or More ETH-Based DeFi Tokens

Popular cryptocurrency exchange Coinbase has announced that it is “exploring the addition of a range of new assets.” According to Coinbase’s blog post, the US-based exchange is committed to offering support for assets that meet their technical standards and comply with applicable laws. The exchange says it expects over time to offer clients around the […]

Bitcoin’s Sunday Adventure: Breaks $12000, Then Falls to $10,694 in 35 Minutes

According to data from CryptoCompare, around 04:05 UTC on Sunday (August 2), Bitcoin broke through the $12,000 resistance level for the first time since 21 January 2018 before reaching $12,019, and by 04:15 UTC, it got to the intraday high of $12,080: However, in the next 35 minutes, it managed to fall more than 11%: […]

Cardano’s Shelley Has No Trouble Attracting Stake Pools Operators

Just four days after Cardano’s successful launch of the Shelley hard fork, there are over 600 active stake pools.  According to data compiled by ADAPools.org, Cardano has currently 623 active stake pools, representing a relative peak following the launch of Shelley. The pools, which allow users to participate in the staking protocol, have a collective […]

XRP Highest Gainer Among Top 20 As It Breaks $0.2900 for First Time Since Feb 20

According to data from CryptoCompare, around 19:05 UTC on Saturday (August 1), XRP broke through the $0.2900 resistance level for the first time in over five months on its way to an intraday high of $0.2905. Currently (as of 19:14 UTC on August 1), XRP is trading at $2916, up 14.26% against USD in the […]

Bitcoin Breaks $11,700 for 1st Time in Over a Year After 2nd Highest Monthly Close Ever

According to data from CryptoCompare, at 06:20 UTC on August 1, Bitcoin broke through the $11,700 level (before reaching an intraday high of $11,740) for the first time since 30 June 2019. This move came after Bitcoin closed July at $11,337, which is its second highest monthly close ever (after December 2017, when Bitcoin closed […]

Japanese Brave Browser Users Will Soon Start Receiving BAT Tokens

Japanese users of the cryptocurrency-powered Brave browser will soon start receiving BAT tokens for seeing privacy-respecting ads while browsing the web, if they opt-in to the Brave Ads program. According to an announcement published by Brave, the result of a partnership between the browser’s creator and Japanese cryptocurrency exchange bitFlyer, a new wallet called “Integrated […]

Bitcoin Will Surpass $100,000, Popular Crypto YouTuber Predicts

Popular crypto YouTuber Nicholas Merten says bitcoin has entered a bullish cycle that will settle around $100K in the next two years.

Bitcoin Slowly Grinding Toward $11,500, U.S. GDP Suffers Worst Ever Quarterly Drop

Per data released yesterday (July 30) by the U.S. Bureau of Economic Analysis (BEA), in Q2, U.S. GDP dropped 32.9% on annualized basis. Meanwhile, Bitcoin continues to do well, seemingly slowly grinding toward the $11,500 level. The BEA, which is an agency of the U.S. Department of Commerce, issued a press release titled “Gross Domestic […]

Analysts Say XRP is Pushing Against Significant Resistance After Recent Price Rally

Several crypto analysts are pointing to XRP pushing up against significant resistance after reaching a relative price high.

Peter Schiff Says Gold is ‘Harder to Confiscate’ Than Bitcoin Amid Crypto Surge

Gold bug and crypto critic Peter Schiff has argued that gold is “absolutely transportable” and harder to confiscate than bitcoin.

Bitcoin Above $11K, Rich Dad Poor Dad Author ‘Loading on Silver and Bitcoin’

Yesterday (July 28), Robert Kiyosaki, the highly successful and world-renowned author of the “Rich Dad Poor Dad” series of personal finance books, told his 1.4 million Twitter followers that although he feels that gold may have peaked, he remains very bullish on silver and Bitcoin. “Rich Dad Poor Dad“, which is one of the top […]

Digital Bank Revolut Adding Support for Stellar (XLM)

UK-based digital bank Revolut has announced that it plans to add support for holding and trading Stellar (SLM) to its mobile app. According to a statement by the UK-based FinTech firm, which was founded by Nikolay Storonsky, and Vlad Yatsenko in July 2015 in London, support for Stellar is due to the “overwhelming demand” by customers. […]

Bitstamp Back’s SWIFT Competitor for Instant Cash-Crypto Payments

Cryptocurrency exchange Bitstamp is backing BLINC, a real-time payments network by BCB Group that will offer free cash and crypto settlements.

Live-streaming platform Twitch offers Subscribers Discounts For Paying with Crypto

Twitch, a major live-streaming platform with 15 million daily active users is offering subscribers a 10% discount if they pay using cryptocurrencies.

What Elon Musk-Backed OpenAI’s GPT-3 System Says About Investing in Crypto

Recently, GPT-3, the groundbreaking artificial intelligence (AI) system built by San Francisco based research laboratory OpenAI, was asked about investing in various popular cryptocurrencies. This article presents the results.

ESPN to Launch Gaming Platform With Cryptocurrency Payments

ESPN Global has announced the launch of a recently developed online gaming platform built with the use of blockchain technology, that will allow users to deposit and withdraw using bitcoin and other cryptocurrencies.

Bank of Lithuania Launches Blockchain-Based Collectors Token

The central bank of Lithuania, the Bank of Lithuania, has launched a blockchain-based digital collector’s token called LBCOIN. The token is the first digital coin issued by a central bank, according to the financial organization.

Latvian Authorities Seize $126,000 in Cryptocurrency Bust

Latvian state police seized $126,000 in crypto-assets following the bust of a cybercrime ring responsible for large-scale money laundering. 

OKEx Expands Derivatives Offering With DOTUSDT and FILUSDT Perpetual Swaps

Popular cryptocurrency exchange OKEx is expanding its derivatives offering to its users with new DOTUSDT and FILUSDT perpetual swaps, shortly after it added DOGE margin trading and savings accounts.

Is the Decentralized Finance Space in a Bubble? What to Consider

The decentralized finance (DeFi) space has been trending in the cryptocurrency industry so far this year thanks to various developments and trends seen in it, including the introduction of governance tokens and yield farming.

HODLers Rejoice As Bitcoin Surges Above $9350 for the First Time Since July 9

At 08:40 BST (or 7:40 UTC) on Tuesday (July 21), Bitcoin surged above the $9,350 level for the first time in 12 days.

Robinhood Postpones UK Launch ‘Indefinitely’, Global Expansion Plans ‘On Hold for Now’

At 11:00 BST (or 10:00 UTC) on July 21, Robinhood announced that it had sadly decided to postpones its UK launch “indefinitely.”

Crypto Market Update for 20 July 2020: BAND, LEND, LINK, and SNX

This article provides a market update for 20 July 2020 that is focused on the following cryptoassets: Aave (LEND), Band Protocol (BAND), Chainlink (LINK), and Synthetix (SNX).

Argentinas Largest Telecom Hit With $7.5 Million Monero Ransomware Attack

Argentina’s largest telecommunications firm, Telecom, has been hit with a ransomware attack in which the attackers are demanding a ransom of 109,345.35 XMR, worth over $7.5 million at press time.

Binance CEO CZ Posts ‘Mythbusting’ Guide to Token Economics

Binance CEO Changpeng Zhao has published a guide to busting common myths related to token economics and the exchange’s handling of Binance coin. 

Head of Grayscale Investments Talks About Institutional Interest in Crypto

In a recent interview, Michael Sonnenshein, the managing director of crypto investment firm Grayscale Investments, discussed institutional interest in his company’s cryptoasset-based investment products.

Two Promoters of Crypto Ponzi Scheme OneCoin Found Dead in Mexico

Two promoters of the cryptocurrency Ponzi scheme OneCoin were found dead in Mexico at the end of last month, with the murders being tied to the escalating drug cartel violence in the region. 

Elon Musks Ironic Endorsement Pumps Dogecoin, OKEx CEO Warns Traders About FOMO

Earlier today (July 18), Elon Musk ironically promoted cryptocurrency Dogecoin (DOGE) once again. Although this appears to have pumped the DOGE price, it is worth keeping in mind the advice offered recently by OKEx CEO about joining the FOMO game.

Chainlink Breaks Into Top 10 Cryptos on Liquidity Surge: Report

Chainlink (LINK) has reached multiple all-time highs in the last several weeks on the back of a liquidity surge and wave of exchange deposits. 

OKB Continues Making Progress, Set Up For Breakout

OKB has continued to gather strength and looks promising on high and medium timeframes. On the shorter charts, there is a bit of worry to be had.

Crypto Asset Manager Grayscale Adds $905 Million in Record Quarter

Multi-billion dollar cryptocurrency asset manager Grayscale Investment has reported its largest quarterly inflows to date, as in Q2 2020 it brought in $905.8 million, nearly doubling its previous record high of $503.7 million in the first quarter of the year.

Binance Chain Has a New Feature That Small Projects Are Going to Love

Binance’s native blockchain, Binance Chain, which recently completed the “Nightingale” hardfork upgrade, offers a new feature—the BEP8 format token—that will make it much easier and cheaper for small projects to issue and list their own tokens.