Altcoins

Bitcoin’s price movements for the past few days have been quite painful as the asset slumped to $65,000 yesterday for the first time in about a month. Despite recovering from their lowest positions as well, the altcoins are also deep in the red, with NEAR, FIL, and FET dumping the most. BTC’s Rollercoaster Continues The primary cryptocurrency had a somewhat positive start to the business week as it pumped to and slightly above $70,000 on Monday. However, the landscape changed...

Ethereum has continued to face challenges staying above the $4,000 mark, mirroring the lack of momentum in the broader market. While the investors await for a rally, data suggest a surge in demand for the world’s largest altcoin. Permanent Ethereum Holders Bought Big According to CryptoQuant head of research Julio Moreno’s recent findings, Ethereum’s demand has spiked owing to a significant buying spree by “permanent holders” of the cryptocurrency. In fact, this cohort of...

CoinspeakerMore than 90% of BIS Members Considering Issuing CBDC The latest report from the Bank for International Settlements (BIS) revealed that 94 percent of 86 central banks are considering a CBDC soon. More than 90% of BIS Members Considering Issuing CBDC

CoinspeakerBeeple Satirizes Andrew Tate and Iggy Azalea in New NFT While Beeple did not indicate if the artwork is for sale, he has a history of earning millions from his pieces. Beeple Satirizes Andrew Tate and Iggy Azalea in New NFT

CoinspeakerToncoin (TON) Hits ATH at $8.10 as Profitability Jumps to 100% Toncoin is still way behind some crypto protocols but it has also surpassed others in terms of daily transactions. Toncoin (TON) Hits ATH at $8.10 as Profitability Jumps to 100%

Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by 65 individuals, Bloomberg reported Thursday, citing an internal email. According to the report, Paxos’ chief executive officer and co-founder Charles Cascarilla said the reduction in headcount would allow the company to capitalize on future opportunities in the tokenization and stablecoin sectors. Paxos intends to phase out some of its services to focus on tokenization and...

As a shock to many, Senator Elizabeth Warren has pleaded with the Chairman of the Federal Reserve to reduce interest rates. This request could trigger massive growth in the crypto market, especially for Optimism (OP), Tron (TRX) and DTX Exchange (DTX), which is a Stage 2 presale star. In fact, market analysts hint that this altcoin may soar by 50x in 2024. Optimism (OP): Stage 1 Arrives Optimism (OP) has been making a big splash lately. This project implemented Fault Proofs and completed...

TL;DR Ripple plans to introduce a stablecoin on the XRP Ledger and Ethereum later this year, aiming to bridge traditional finance and the cryptocurrency sector. The United States Securities and Exchange Commission (SEC) has labeled the product an “unregistered crypto asset,” continuing its longstanding legal battle with the company. Here’s the Latest Info Ripple made the headlines earlier this year when it disclosed that it would launch a stablecoin pegged to the American...

Bitgert altcoin is expected to rise by 200% this week: the whole crypto world is touched. Everyone holds their breath in anticipation of gains as investors expect huge profits from the movements of this altcoin. Let’s explore Bitgert’s ecosystem deliverables to understand the prospects better. Innovations Led By Bitgert Targeting the present blockchain restrictions, the Bitgert team took a proactive approach and created the Bitgert BRC20, a quick, secure, and resilient blockchain...

Fiat-pegged stablecoins have grown in market cap over the past ninety days as they collectively witnessed $16 billion flow into their side of the crypto market. However, the past month has been relatively calm for the stablecoin economy. USDT’s (Tether) market cap has grown to $112.5 billion on June 8 from $101.18 billion in March. That is over $11 billion in the three months, with USDT representing 69% of the $16 billion that flowed into stablecoins. Its market cap barely rose over the past...