Altcoins

Richard Bernstein, an institutional investor Hall of Famer, sounded a note of caution to investors to beware of dealing with Bitcoin. He finds it ”wild” how the primary cryptocurrency was still very popular in a bear market, while assets like oil have been disregarded in a bull market. The Rush to Own BTC Has Become Dangerous In a recent interview with CNBC, the CEO and CIO of Richard Bernstein Advisors spoke about the increased popularity of Bitcoin and altcoins. He opined...

The Stellar Development Foundation is more focused on building its protocol than the market conditions, said the organization’s Senior Director of Enterprise Ecosystems, Lisa Nestor. In an exclusive interview with CryptoPotato, Nestor also spoke about Stellar’s latest developments. Stellar USDC Accessible Savings Products The blockchain-based network for currencies and payments recently announced a significant milestone achieved by partnering with the payment processor –...

Ken Moelis is an investment banker who knows a thing or two about finance. In a recent interview, he likened the bitcoin craze to the California Gold Rush of 1848, and says he is also looking for a few crypto business opportunities himself. Ken Moelis: The Gold Rush Is Back, Only Now People Are Seeking BTC Moelis is the founder of boutique bank Moelis & Co. While he, himself, is personally open to directly investing in bitcoin and its competing altcoin cousins, he...

South Korea continues to enforce stricter rules on the cryptocurrency space with the latest legislation to classify exchanges as high-risk entities. The move comes as the Asian country aims to enhance the monitoring of financial transactions and user ID verifications. The Korea Times reported that the Financial Services Commission (FSC), South Korea’s financial watchdog, has implemented a new classification on cryptocurrency exchanges. According to the new legislation,...

Stellar lumen price extended its decline below the $0.4000 support against the US Dollar. XLM price is now trading below $0.3600 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a steady increase if there is a break above the $0.3600 barrier. Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar,...

Ripple price is trading above the key $0.8000 support zone against the US dollar. The price is now struggling to clear $0.9000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.8600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase unless there is a clear downside break below $0.8000. Ripple price is trading in a bearish zone below $1.00 against the...

A group of protestors calling themselves “Stopelon” gathered outside the Tesla processing factory in northern California earlier in the week to voice their anger at Elon Musk and his continued antics in the world of cryptocurrency. Elon Musk Faces More Anger Elon Musk has recently been deemed one of the most disliked figures in the digital currency scene. While at one point, the South African entrepreneur proved himself one of the strongest and most influential figures...

Digital currency research firm Coin Metrics has released a new report claiming that bitcoin is beginning to lag when compared with the likes of competing altcoins such as Ethereum and Dogecoin. Coin Metrics: Altcoins Are Taking Over While bitcoin is still the world’s number one digital currency by market cap (it is currently trading for about $35,000 per unit), the asset has experienced some serious dips over the past month, while by contrast, Dogecoin and Ethereum have...

After yesterday’s price declines, bitcoin has calmed around the $35,000 price line. Most alternative coins are also somewhat stagnant on a 24-hour scale, aside from Polygon (MATIC). The asset has spiked by double-digits to $1.4. Minor Recoveries Among Alts: Polygon 15% Up The weekend didn’t start all that well for the altcoins market. The biggest altcoin, Ethereum, had already retraced from $2,600 to $2,500 before it went even further south to $2,250. Since then, ETH found...

Crypto trading firm Coin Seed has decided to shut its doors for good following a lawsuit brought forth against it earlier in the year by New York Attorney General Letitia James. The company has been accused of fraudulent activity after moving customer funds without permission and for selling “worthless” tokens in what is alleged to have been a phony initial coin offering (ICO). Coin Seed Is Closing Down for Good In a statement, Del Davaasambuu – the CEO and co-founder of...