Tag Archives: Altcoin News

Kim Dotcom will not be able to issue his new cryptocurrency.Dotcom Will Not Get His Upcoming ICOThe plan was that Dotcom would garner the funds he needs to launch the new currency through an initial coin offering (ICO) hosted by Bitfinex, a popular cryptocurrency exchange that is arguably surrounded by as much controversy as Dotcom himself.As it turns out, Bitfinex is getting a little worried about all the regulatory uncertainty meandering through the crypto space as of late and doesn’t want...

Stable currencies are all the rage as of late. However, most are allegedly backed by fiat money such as the U.S. dollar, the euro, the yen and the yuan. Less often do we encounter coins backed by precious metals or similar commodities, and Coin Shares Group is looking to change that.Stable Currencies Are Growing in PopularityBased in London, Coin Shares is a company that specializes in stable coins. The company has recently released a new product its dubbing DGLD, which is a form of gold...

It seems like scams will never dissipate from the cryptocurrency space.Scams: They’re More Prominent Than EverA man in New York has been arrested and charged with running a fraudulent cryptocurrency operation. 47-year-old Asa Saint Clair claimed that his project was tied to the United Nations (UN) through an international sports development program.This should have been the first big “no-no” for investors thinking about the operation. What on Earth does the United Nations have to do with...

Bitcoin cash price is facing a strong resistance near the $308 level against the US Dollar.The price is currently trading above a couple of key supports near the $288 and $282 levels.There is a major bullish trend line forming with support near $286 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could decline further if there is a break below $286 and $284.Bitcoin cash price is correcting gains below the $300 level against the US Dollar. BCH/USD might extend its...

Software giant Microsoft is developing a new way to ensure newly created cryptocurrency tokens are easy to audit and much harder to fabricate.Microsoft Brings Azure to the TableKnown as Azure Blockchain Tokens, the platform has been utilized by several video game companies to create tokens that players can earn through gameplay. Now, Microsoft is taking the system to new heights and spreading its services to companies like General Electric, which is now among the first major conglomerates...

Stellar, the world’s tenth-largest cryptocurrency by market cap, has seemingly jumped in price by more than 20 percent over the past day following an announcement by executives that the currency would undergo a massive “burn.”Stellar Is Up in FlamesThe process of “burning” crypto involves deleting it from existence. It does not reside on any blockchain or ledger, nor can it be purchased or added to any wallet address. The currency is gone, and it can never be bought, sold or traded in the...

Ripple (XRP) has been slowly positioning to take out a key resistance and start a bull market. Unfortunately, even the Swell conference cannot help the cause of the cryptocurrency. Analysts continue to be bearish on Ripple as the crypto token succumbs to profit-taking. Ripple (XRP) has been flirting with the possibility of a breakout and trend reversal over the last two weeks. Peter Brandt, the most followed trader on Twitter, appears to be closely monitoring the price action of the...

EOS price is trading nicely above the $3.320 and $3.400 support levels against the US Dollar.The price is currently correcting lower and it might test the $3.400 support area.There is a key bullish trend line forming with support near $3.440 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to find support on the downside and it might resume uptrend above $3.600.EOS price is gaining traction above $3.400 against the US Dollar, and remains well bid vs...

Litecoin price is trading in a positive zone above the $60.00 support area against the US Dollar.LTC price is currently trading below the key $64.20 and $65.00 resistance levels.There is a key bullish trend line forming with support near $61.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well supported near $60.00 and it could rise above the $65.00 resistance.Litecoin price is moving nicely in a bullish zone against the US Dollar and bitcoin. LTC price...

Someone should tell Joseph Lubin, the co-creator of Ethereum, that he needs to make up his mind about Libra.Lubin: Libra Is a Good SystemSeriously, in a new interview with CNBC, Lubin states that he likes Libra, but that Facebook isn’t the company who should be behind the wheel. This completely differs from an interview he gave in late October in which he describes the cryptocurrency as a “weapon of mass societal manipulation.”In his latest discussion, Lubin explained:I’m a big fan of...