Category: Altcoin

Creator of World’s Second-Largest Stablecoin Is Pursuing a US Commercial Banking License

Circle, the digital payment company behind the widely-used USDC stablecoin, is announcing its intentions to become a full-reserve national commercial bank. Jeremy Allaire, co-founder and CEO of Circle, shares in a blog post his company’s plans to pursue a commercial banking license in the US, along with his perspective on the future for USDC.   “Circle

Altcoins soar while Bitcoin bulls gather strength to attack $48,000

The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743 and bulls are now taking aim at the $48,000 resistance level as the next target.  Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), WINk (WIN)

Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin

USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT).  Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all of USDC’s reserves were held in cash. This rain contrary to the

Four Low-Cap Crypto Assets Spike More Than 100% Within One Week

Four altcoins, all of which individually boast a market capitalization of below $600 million, have recorded growth of over 100% in just seven days. At the top of the list is TrueFi (TRU), a decentralized finance (DeFi) protocol that supports uncollateralized lending. According to CoinGecko, TRU surged from a seven-day low of $0.14 to $0.75,

Helium (HNT) gains 40% after $111M fundraise and 100K active nodes milestone

Among the more than 11,000 listed cryptocurrencies exist a few projects that offer a revolutionary use case capable of improving the way society operates through the integration of blockchain technology.  One such project is Helium (HNT), a decentralized peer-to-peer 5G wireless network that made headlines on Aug. 10 thanks to the successful completion of a

Dogecoin and Shiba Inu fetch 50% gains as altcoins rally

Momentum the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin price to the $46,700 and Ether price to $3,150 on Aug 9.  The growing optimism has also translated into a bounce in dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have both seen their prices rise by