Category: Altcoins

Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On

The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply, and the majority of the coins are…

September 26, 2020
LEND, the DeFi darling up 5,000% in 2020, is about to undergo a critical upgrade

Aave has quickly become a flagship product in Ethereum’s DeFi ecosystem. The decentralized money-market, where users can trustlessly borrow and lend crypto-assets like stablecoins, currently has over $1 billion worth of value locked in its contracts. Per DeFi Pulse, it is the third-biggest Ethereum protocol by total locked value. While a flagship product in decentralized…

September 26, 2020
Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain

Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the most popular tokenized BTC platform to-date, announced a partnership with Tron. Members of the crypto ecosystem will soon be able…

September 25, 2020
Responding to 1,000%+ spike in Ethereum fees, Synthetix is testing layer-2 tech

It’s been quite the year for DeFi. But due to natural constraints on the Ethereum blockchain, this period of growth has meant that transaction fees have quickly reached unsustainable levels for most users where it makes little sense to transact small sums. Synthetix, especially, has suffered from these high fees. Due to how the protocol…

September 25, 2020
Wish you bought Litecoin and other top alts at mid-2017 prices? Here’s your second chance

Some cryptocurrencies have retraced from their highs, back to prices seen several years ago.

September 25, 2020
DeFi is spreading beyond Ethereum: Single Neo app gains $300m after launch

Thus far, decentralized finance (DeFi) has been a trend relegated to Ethereum—and Ethereum only. Per DeFi Pulse, the top twenty DeFi applications by total value locked are all based on Ethereum. This is for good reason: Ethereum has been the only blockchain with an active user base and developers working on game-changing DeFi applications. But…

September 25, 2020
Hype is growing about the “v3” upgrade for Ethereum DeFi’s leading app, Uniswap

Hands down, Uniswap is one of the most important decentralized apps on Ethereum. The decentralized exchange, which operates on an automated market maker system, has rapidly become the biggest consumer of gas on the blockchain. Uniswap regularly processes over 100,000 trades that contain hundreds of millions in volume each day. Even still, Uniswap has room…

September 25, 2020
A Deep Dive Into Polkadot and How DOT Became a Top Ten Crypto Contender

Just recently a new project called Polkadot joined the top ten crypto coin list almost immediately after the project officially launched. Today, the Polkadot network is the sixth-largest blockchain in terms of market capitalization. The blockchain is considered an Ethereum competitor by a few individuals, and some crypto proponents speculate it will be amongst the…

September 23, 2020
The short and sad story of $FEW, an unsuccessful attempt to recreate $MEME

A group of around 50 crypto influencers was busted in an unsuccessful attempt to pump $FEW after screenshots of their closed Telegram group surfaced on Twitter. And while the token failed to launch, the intent behind the group—to recreate the massive success the $MEME coin saw—remains clear. While most prominent members of the group said…

September 23, 2020
Ripple co-founder moves $115m worth of XRP – sparking fears of a selloff

The massive hype surrounding Ripple’s XRP token throughout 2017 created an enormous community that carried over into 2018 and 2019, but this community of investors appears to have been dissolving as of late. Interest in the token has fallen off a cliff, with the lack of significant banking partnerships and tempered utility slowing the cryptocurrency’s…

September 23, 2020