Altcoins

Although the trading volumes yesterday were quite low, similar to previous weekends, bitcoin still took a minor hit and fell to a weekly low. Most altcoins are also slightly in the red on a daily scale. QNT is among the very few exceptions, being up by double digits. Bitcoin Dipped Towards $19K The primary cryptocurrency was flying higher earlier this week when it pumped to $20,500 – the highest price tag it had seen in about three weeks. However, the US job reports changed...

When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC have been leaving exchanges as the bear market deepens. On Oct. 8, CryptoQuant CEO Ki Young Ju observed that 94% of the USDC supply is off exchanges, and a large portion of it is held by traditional finance institutions. “The next Bitcoin parabolic bull run might begin when massive USDC flows into...

Is the United States closer to developing a digital dollar? According to a new report, it could be. A Digital Dollar Could Be on Its Way The order for a digital dollar first “officially” came about when Joe Biden issued a crypto executive order earlier in the year asking federal agencies throughout the country to look at the benefits and risks of crypto assets. The order also paved the way for a digital dollar’s creation, though to be fair, this wasn’t necessarily Joe...

Dogecoin hält sich weiterhin in den Top 10 der Cryptocoins, doch der Hype um die Meme-Coins und DOGE im Speziellen ist ruhiger geworden. Schon seit knapp einem Jahr hat niemand mehr von „DOGE auf einem Dollar“ gesprochen. Stattdessen wäre man froh, wenn der Coin wieder auf zehn Cents steigen würde. Könnte Musk’s Twitter-Kauf dazu führen? Crypto News: Elon Musk’s Twitter-Kauf und seine Bedeutung für DogecoinBei ungefähr 17 Cent liegt das Hoch aus diesem Jahr für den DOGE. Im Jahr davor...

Bitcoin’s price went through a somewhat surprising dip yesterday when the US announced the September job reports, which were better than expected. Most altcoins are also in the red now, with the obvious exception of Ripple. XRP has stolen the show once again, surging by almost 7%. Bitcoin Lost the $20K Mark Ever since the October 3 crash to below $19,000, the landscape around the primary cryptocurrency was quite positive. The asset had bounced off that level and even jumped...

In terms of overall market movements, not much was happening in the past seven days. The total capitalization remained somewhat flat, around $990 million, unable to recover above the coveted $1 trillion mark. Bitcoin’s price, as well as that of the majority of altcoins, also failed to post a significant difference. At the time of this writing, Bitcoin’s price trades at around $19,700 – more or less where it was this time last week. The volatility is currently gone from the...

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Bitcoin-Preis bald auf 500'000 US-Dollar? Für Krypto-Investoren ist 2022 definitiv kein gutes Jahr: Nachdem bis Ende 2021 die Kurse sämtlicher Krypto-Währungen in die Höhe geschnellt sind, sieht es jetzt eher mau aus. Der Bitcoin steht nunmehr seit Wochen bei ungefähr 20’000 US-Dollar und der nächste Bullenmarkt ist nicht in Sicht. Noch schlimmer sieht es bei den Altcoins aus, die teilweise bis zu 90 Prozent verglichen mit ihrem All Time High...

The decentralized stablecoin protocol MakerDAO has committed to converting $500 Million of its DAI reserves into bonds and U.S. treasuries.  This marks the decentralized autonomous organization (DAO)’s the first investment in high-quality government debt.  As MakerDAO explained over Twitter, MKR holders voted to deploy its peg stability module’s USDC on liquid bonds, using its recently created real-world asset Maker Vault. The allocation will consist of 20% investment-grade...

A court in South Korea has issued an arrest warrant for crypto executive Do Kwon, the head and founder of blockchain platform Terraform Labs. Kwon is facing charges of fraud following the collapse of the algorithmic stable coin Terra Luna, which fell apart over the summer and is alleged by many to be the responsible party for the bearish conditions bitcoin and the crypto space are now contending with. Terra Luna Was a Disaster Terra Luna is widely considered to be one of...