Category: Altcoin

The crypto market bloodbath that is currently engulfing the entire industry will likely go down in history as one of the key points to remember regardless of whether the prices recover or continue going downward.  To recap, the crypto market plummeted after a week of bad news as both Tesla CEO Elon Musk and the

The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a solid reversal that will set the floor for the next leg higher for

Institutional inflows into Cardano (ADA) investment products rose sharply last week even as interest in Bitcoin (BTC) and Ether (ETH) waned, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets.  Institutional investment managers bought $10 million worth of ADA products for the week ending on Monday, according to

In the midst of the hectic crypto market, the gas fees in the decentralized finance (DeFi) sector have skyrocketed, once again highlighting the value of layer-two scaling solutions. Cointelegraph Consulting teamed up with Covalent to discover the numbers behind Polygon, the network that is onboarding an increasing number of decentralized applications, from SushiSwap to bZx.

Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it incentives arbitrage desks and whales to sell futures contracts while simultaneously

XRP’s price soared 260% in April, moving from $0.57 on March 31 to $1.97 on April 14, its highest level since January 2018. The move caused XRP futures to reach an impressive $2.1 billion in open interest.  However, on Wednesday, as cryptocurrency markets collapsed, XRP lost 60% in four days, liquidating $510 million of long

Tether (USDT), the world’s largest stablecoin by market capitalization, continues to grow despite record-breaking cryptocurrency outflows triggered by Elon Musk’s Bitcoin (BTC) criticism. On Monday, Tether’s market cap hit $60 billion for the first time in history, marking another milestone of the stablecoin’s growth. According to data from Tether Transparency, USDT market value amounts to

Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code. According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of such vulnerabilities with five being classified as ranging between being of a “critical” and

In a new milestone, smart contract platform Cardano (ADA) has now hit 1 million wallets, according to the Cardano Foundation. The foundation announced the proof-of-stake blockchain had made the breakthrough on Saturday, noting that more than 70% of ADA (worth approximately $33.95 billion at time of writing) is staked across the world in nearly 2,500

The NBA’s Brooklyn Nets are considering a new set of payment options that involves Bitcoin (BTC) and possibly other crypto assets. Nets chief executive John Abbamondi reveals that BSE Global, the team’s parent firm, is in conversations with companies in the industry as they gear up to potentially add crypto assets, especially Bitcoin, as a