Category: Altcoin

Qtum price rallies 160% as the project’s focus on DeFi pays off

After rallying 1.510% in 2021, QTUM price hit a $35.70 all-time high on May 7. This relatively obscure altcoin launched in September 2017 is a fork of the Bitcoin Core 0.13 version, but it also integrates the Ethereum virtual machine (EVM) and smart contract execution capability.  Following Bitcoin’s (BTC) April 23 crash down to $47,500,

Crypto.com unveils EVM blockchain functionality and related fund

In the coming months, Crypto.com’s blockchain will let projects built on Ethereum transfer over to its ecosystem via Ethereum Virtual Machine, or EVM, compatibility. The company also unveiled a related fund to bolster interested projects. According to a Friday public statement from the company provided to Cointelegraph, the EVM feature goes live on the Crypto.org

Cardano breaks out vs. Bitcoin as ADA price discovery nears $2

Cardano (ADA), the native token of the smart contract platform of the same name, has joined the altcoins hitting new all-time highs this week. ADA/USD 1-day candle chart (Binance). Source: Tradingview Cardano underscores “alt season 2.0” appetite Data from Cointelegraph Markets Pro and Tradingview showed ADA/USD hitting over $1.70 for the first time on May 7.

Bank of England governor issues crypto investment warning

Andrew Bailey, governor of the Bank of England has warned crypto investors of the dangers of participating in the market. Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” stating that “crypto assets” was a more suitable nomenclature for describing virtual currencies. The BoE governor espoused well-worn anti-crypto rhetoric, specifically the

Elon Musk scales back Dogecoin hype while DOGE price rebounds 23%

Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla CEO appeared intent on cooling the flurry of hype he’d created around the meme cryptocurrency Dogecoin (DOGE). Months of light-hearted build-up lead to a sobering punchline on Thursday, as Musk reminded TMZ viewers that cryptocurrency investments remained speculative. Responding to whether he thought

Cardano Creator Says Dogecoin Is Existential Threat to Crypto Space

Cardano (ADA) founder Charles Hoskinson is not a fan of Dogecoin (DOGE). In a new update on the state of Cardano and the crypto markets, Hoskinson says DOGE isn’t sustainable and is likely to result in a systemic, catastrophic failure that will disenfranchise millions of investors. He believes such an event could “destroy the reputation”

EOS price rallies 100% following a proposal to increase staking rewards

As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible.  Since May 5, EOS price has rallied more than 100% following a recent protocol upgrade that increases the project’s inflation rate. EOS/USDT 4-hour

‘Blood Coins’ Big Problem for Institutional Investors, Says Shark Tank Veteran Kevin O’Leary

The chairman of exchange-traded fund (ETF) provider O’Shares Investments and Shark Tank star Kevin O’Leary believes unsustainably mined cryptocurrencies pose a challenge to institutional investors. In a new interview with Yahoo Finance, O’Leary says a number of institutional investors harbor concerns over owning cryptocurrencies produced using environmentally unfriendly power sources and in countries with a