RBI Plans to Introduce Digital Rupee on December 1st
The CBDC program will help RBI to experiment with more features and applications of the digital rupee in future pilot programs.
Altcoin News
Find the key information about altcoins news, price forecasts, analytical insights, and much more we to share about the alternate cryptos 
Cardano’s AdaSwap Finally Goes Live on Mainnet after Two Years of Building
In a fresh development, the total number of smart contracts running on Cardano Plutus has jumped by 300% year-to-date.
Trading of Fan Tokens Featuring Stars Such as Messi & Ronaldo Soar at World Cup
By Tolu Ajiboye
The overall market cap for fan tokens sporting players like Messi & Ronaldo jumped to $401 million at the World Cup’s opening weekend.
Fidelity Finally Launches Retail Crypto Accounts Despite Criticisms
The top financial services provider has launched retail crypto trading accounts for some of its users.
Post FTX Collapse, Founder of Three Arrows Capital Hints at Comeback
With the collapse of crypto exchange FTX, founders of bankrupt 3AC and Celsius Network are taking the opportunity to throw the weight on Sam Bankman-Fried.
Tron Founder’s WETH Insolvency Joke Lands Market into Frenzy
By Sanaa Sharma
The markets, however, witnessed a significant sell-off due to the chaos created by the tweets regarding WETH’s insolvency.
LINE-Backed Bitfront Exchange to Close Shop
Despite the sudden announcement of the closure of the LINE-backed Bitfront platform, the timeline of events has been designed such that it will give all of its stakeholders a proper time to adjust to the changes required.
Dogecoin Jumps Over 13% as Elon Musk Hints about Twitter 2.0
Dogecoin investors continue to hold out hope that, somehow, DOGE will make its way into Musk’s vision for Twitter 2.0.
FTX Collapse: Bahamas Attorney General Defends Regulators’ Action
According to the AG, the comments misrepresented the timely action taken by the Securities Commission and used inaccurate allegations.
Binance Unveils Its Proof-of-Reserve System, Kraken CEO Calls It Pointeless
Binance’s Proof-of-Reserve system comes with a Merkle Tress solution for users to check whether Binance has included their accounts in the snapshot of user balances.
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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