Altcoins

It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was denied a refund two years ago after creating new coins through staking. Despite the offer, Jarrett is saying “no” and continuing his case against the tax people in D.C. to ensure the IRS never pursues him on the matter again. Has Crypto Beaten the IRS? In 2019, Jarrett was made to pay income taxes on new...

Tron price started a decent increase above the $0.0600 level against the US Dollar. TRX price is now trading above $0.0620 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0630 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it stays above the $0.0620 support zone. TRON price started a fresh increase above $0.0600 against the US Dollar, similar to bitcoin. TRX price could rally...

A new peer-to-peer (P2P) wireless network known as Pollen Mobile is emerging. What’s the clincher? The project is looking to pay its users in crypto for running their own mini cell towers. This will build out the network’s coverage in San Francisco, where the company is stationed. Pollen Mobile Mixes Cell Phones with Crypto Pollen Mobile was launched by Pronto AI, an autonomous vehicle startup which was begun by Anthony Levandowski. He was pardoned in 2021 by President...

Currently, DAI is the fifth-largest stablecoin by market capitalization. Tether (USDT) may have continued to be the market leader after all these years, but DAI has the perk of being open-source and decentralized – something that’s sought after in the DeF community. DAI Ascends According to Makerburn, the total supply of MakerDAO’s DAI, a decentralized stablecoin, has shot up to a whopping $10 billion on February 8th. Moreover, its supply from stablecoin collateral stands at...

ADA price started a fresh increase above $1.10 against the US Dollar. The price is now trading above $1.10 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1.052 on the 4-hours chart (data feed via Bitfinex). The price could rise further, but it might face resistance near the $1.30 zone. Cardano price is gaining pace above $1.20 against the US Dollar, unlike bitcoin. ADA price could start another...

Ethereum price started a fresh increase from the $2,800 zone against the US Dollar. ETH price is now trading above $2,800 and the 55 simple moving average (4-hours). There is a crucial rising channel forming with support near $2,820 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $3,200 resistance. Ethereum price is showing positive signs above $2,800 against the US Dollar. ETH/USD might rally...

The financial services company – Mitsubishi UFJ Trust – hopes to enhance its transaction system by utilizing blockchain technology for trading and a cryptocurrency for payments. As such, it will create a stablecoin tied to the value of the Japanese yen, claimed a new report. Mitsubishi’s Stablecoin According to a recent report by Nikkei Asia, Mitsubishi UFJ Trust – a Tokyo-headquartered bank with over $1.5 trillion in assets under management – is seeking to enter the world of...

Canine-themed tokens’ rally as Shiba Inu (SHIB) led the recovery on Monday. Amidst a renewed bullish momentum in the market, SHIB rose by more than 24%. Several other altcoins also posted decent surges as well, while Bitcoin (BTC) settled for a modest 3% over the past day. Top 100 SHIB Holders According to the latest stats compiled by WhaleStats, the top 100 SHIB holders control more than a quarter of the total supply of the memecoin. Several cryptocurrency whales have...

Stellar lumen price started a fresh increase above the $0.20 zone against the US Dollar. XLM price is now trading above $0.2200 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.2065 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if there is a clear break above $0.2300. Stellar lumen price is trading in a positive zone above $0.2000 against the US Dollar, similar to...

Ripple price started a fresh increase above the $0.60 zone against the US dollar. The price is now trading above $0.7000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.6680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.7250 resistance level. Ripple price is trading in a bullish zone above $0.6000 against the US Dollar, like...