Altcoins

The cryptocurrency derivatives market is on heat, with the BitMEX release of the XRP-USD quanto swap tool. The so-called ‘quanto-swap’ represents the derivative with an interest rate taken from the difference between different currencies. During the swap, one person is paying another interest. It is derived from the difference between the foreign and local assets, or between two ‘shitcoins’ (in the Bitcoin maximalist lingo, all the coins are ‘shitcoins’, while we just try to keep the...

Bitcoin cash price started a fresh decline after it failed to stay above $400 against the US Dollar.The price broke a few key supports near the $350 and $340 levels.There was a break below a major contracting triangle with support near $331 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $312 and $300 support levels in the near term.Bitcoin cash price is declining and struggling to stay above $312 against the US Dollar....

Tether, the issuer of the popular stablecoin USDT, has now launched a new type of commodity-backed token pegged to gold. At the time of this writing, the new token will be issued on the networks of Ethereum and Tron.Tether Launches Tether Gold (XAUt)According to a recent announcement, Tether, the company behind the most widely used stablecoin, USDT, has launched a new digital asset. Ticked XAUt, the token represents one troy fine ounce of gold on a London Good Delivery bar.Holders will be...

Prominent blockchain payments firm Ripple has published its latest quarterly XRP Markets Report for the previous quarter (Q4 2019) and there have been some significant changes in the figures. Ripple, who boasts of introducing such solutions as ODL (XRapid), Xpring, RippleNet among others, is known for publishing regular updates and views on the company’s stance on the XRP market in order to ensure transparency on the progress of the platforms as well as inform its stakeholders.According to...

In an industry like this, where cryptocurrency prices are highly volatile and unpredictable, putting all eggs in one basket could be quite risky. Many got to know this the hard way, while some learned from the experiences of others.  A recent Twitter poll revealed that an increased number of crypto traders and investors are now expanding their portfolios to include more than one digital currency, including Bitcoin. 46.7% of Traders Invest In BTC and 5 Other AltcoinsPopular cryptocurrency...

The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will see gains similar to the profits made in the 2017 bull market. Many people got rich during the 2017 crypto bull market. I’m not just talking about those who timed bitcoin before it exploded to $20,000. There were speculators who traded altcoins and waited for them to skyrocket in value...

Ripple is making innovations with cross-border payments but is also slowly becoming a force to be reckoned with in gaming. As SBI Investment Korea Director Lee Joo-Hyuk put it, the company is at the center of blockchain use in the gaming industry.Ripple in Blockchain GamingThe investment exec made the comment, referring to Ripple’s involvement with blockchain gaming last year. In spring 2019, San Francisco-based Forte game company announced a partnership with Xpring, Ripple’s investment...

All of the products being offered by Ripple regularly are drawing new partners for the blockchain company. Ripple already has an interesting list of companies that currently use different RippleNet products for their core functions. Now, two new partners, including Bottomline Technologies and Tranglo, are joining the Ripple team. In addition to this, the U.S. Treasury might be throwing its back behind the company as well.Bottomline Technologies Partners with RippleAccording to the company’s...

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Pornhub, the popular adult website, has updated its payment methods and has added Tether (USDT) as an option. Just months after PayPal stopped supporting the platform, the cryptocurrency world introduces a viable alternative.TRON and USDT On PornhubThe adult platform announced that it had added the most-widely used stablecoin Tether (USDT) as a new payment option. The report clarifies that USDT is backed by the U.S. dollar, “meaning one USDT token is equal to one U.S. dollar.” Furthermore, it...