Binance Completes Optimism Network Integration, Makes Layer 2 ETH Deposits Available
By Kofi Ansah
The crypto exchange revealed that layer 2 ETH deposits are also available on the platform.
Altcoin News
Find the key information about altcoins news, price forecasts, analytical insights, and much more we to share about the alternate cryptos 
Swift Teams Up with Capgemini to Test Its Ability to Be Used for CBDC Transfers
By John K. Kumi
Last year, Swift collaborated with American professional services company Accenture to establish a cross-border transaction between CBBC and “an established real-time gross settlement (RTGS) system.”
NBA Top Shot NFT Sales Register All-Time High of Over $1 Billion
Some of the biggest contributors to the NBA Top Shot NFT sales are LeBron James, Stephen Curry, Zion Williamson, and Giannis Antetokounmpo.
Australian Bank Commonwealth Pauses Crypto Trading Options on App
The LUNA crash wiped off as much as 15-25% of major cryptocurrencies in the market.
Jack Dorsey’s Block Posts Q1 2022 Report, Gross Profits at $1.3B
By Tolu Ajiboye
Block has released its Q1 2022 earnings report amid an overall slump in Bitcoin price which impacted its Cash App business.
Revolut CEO Reveals How Planned Native Token Will Work
The Revolut CEO also talked about the company’s plans for a non-custodial wallet.
Tether Cuts Commercial Paper Reserve by 17% for Q1 2022
By Tolu Ajiboye
Tether announced that it slashed its commercial paper holdings over the first quarter to $20 billion, plans an additional 20% reduction.
Nomura Expresses Keen Interest on Top Crypto Assets, There Are Plans for NFTs and DeFi as Well
Investment bank Nomura is not eyeing NFTs and DeFi for now, but they’re surely in its plans.
Ethereum 2.0 Is Closer Than Ever with Testnet Upgrade Set for June
The many tests that the proposed Ethereum 2.0 is being subject to are such that there can be no hitches when the PoS consensus model is finally fully in play.
Do Kwon, Terraform Labs Fined $78M for Tax Evasion
Since the collapse of the Terra ecosystem, it’s been one trouble after another. With about 2.8 million Koreans losing their life savings and at least 8 committing suicide, Do Kwon was invited to a Congressional hearing.
Altcoin News
Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Latest Altcoin News Today
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.
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