BLUM Daily Video Codes for October 6, 2024
By
Bena Ilyas
Despite numerous rumors and speculations, there has been no official confirmation regarding the Blum airdrop or the launch of the BLUM token.
Altcoin News
Find the key information about altcoins news, price forecasts, analytical insights, and much more we to share about the alternate cryptos
Musk X Empire Daily Investments Combo, Riddle, Rebus, and YouTube Codes on October 6
Want to successfully complete all activities on X Empire? We’ve got you covered! In this post, you’ll find the latest Daily Investments Combo, Riddle, Rebus, and YouTube codes for October 5.
Brazil Tests DeFi Elements in Drex CBDC Pilot
Brazil is looking for ways to ensure that its central bank-issued digital currency Drex is unique.
Dogecoin (DOGE) Price Aims for 50% Spike Fueled by Rising On-chain Activity from Whale Investors
The Dogecoin project has significantly benefited from the support of tech billionaire Elon Musk and his family of unicorns.
Santiment Anticipates Short-term Crypto Rebound amid Low Bullish Optimism
The crypto market has remained calm, with the fourth quarter expected to yield bullish sentiments that will extend into 2025.
Sygnum Bank Believes that Solana Could Seriously Challenge Ethereum in Future
The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.
Spain’s Second-Largest Bank BBVA Taps Visa to Launch Stablecoin in 2025
With its stablecoin initiative, BBVA aims to extend its services to underbanked populations, using digital currency as a tool for greater financial access and inclusion.
AI Coins See $4.7 Billion Rout since Start of October, More Pain Ahead?
The broader crypto market saw a sharp downturn in early October, with AI and big data tokens losing $4.7 billion in market cap within three days.
SWIFT to Conduct Live Digital Asset Trials: Way for Blockchain Integration in Banking
SWIFT is set to begin live digital asset transaction trials with banks next year, aiming to enhance platform interoperability and prevent fragmented “digital islands” in the blockchain space.
BONK Price Tanks 12.5% after Failing to Secure 92% Rally, What’s Next?
Solana meme coin BONK faced a 12.5% drop to $0.0000214 after failing to break past key resistance at $0.00002400, missing a potential 92% rally.
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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