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.
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.
The US-based crypto exchange Coinbase has hinted at the launch of a new product tagged cbBTC through a post on their X page.
Ethereum’s Layer 2 ecosystem has hit a new milestone, setting a record for daily transaction volume. Data also shows that Layer-2 networks now have more stablecoins than Solana and Binance Chain combined.
PYUSD ranks as the fourth-largest centralized stablecoin issuer after Tether (USDT), Circle (USDC), and First Digital (FUSD).
Despite these gains, it is important to note that CRV is still far from its all-time high of $60.50, a peak it reached in August 2020.
The outcome of these disputes will likely impact not only his personal fortunes but also the broader perception of crypto investments in the region.
Investors and traders should remain vigilant to both technical signals and upcoming events that could impact BCH’s future performance.
For Binance.US, the revival of this lawsuit adds to the growing list of regulatory and legal challenges the company faces in the United States.
By April, Uniswap Labs increased the fee from 0.15% to 0.25%, which contributed to the surge seen today. Noteworthy, users can avoid paying the front-end fee by leveraging the services of DEX aggregators like 1inch, Cowswap, and Paraswap.
Bill C-400 aims to stop the creation of a CBDC in Canada and ensure cash remains available across the country.
In addition to his PEPE investments, the whale also acquired other cryptocurrencies, including Ether (ETH).
The price of the CANTO token fell on Sunday by 11%, following the news.
Institutional support has further boosted SUI’s market position.
Despite the current bearish trend, some analysts maintain a bullish outlook for Cardano’s future.
The collaboration was described as a strategic partnership between BitGo, the Tron ecosystem, and Justin Sun
The support from Winklevoss comes at a time when the regulatory environment of the United States is rapidly unfolding.