Category: Altcoins

VC: This cycle’s altcoin rally is likely to eclipse the crypto mania of 2017

Altcoins have performed extremely well in 2020, with a majority of reputable crypto projects easily outpacing Bitcoin. For instance, Ethereum is up 220 percent since the start of the year while BTC has gained a mere 70 percent. This trend is expected to continue, with one prominent venture capitalist in the space arguing that the…

August 31, 2020
Chainlink Doomsday Predictions: Zeus Capital Warns Investors Not To ‘Get Fooled’

Zeus Capital has doubled down on its doomsday predictions on Chainlink (Link). It is now warning investors: “don’t get fooled… exit your positions before its too late.” The asset management firm’s involved assessment follows a sharp decline in the price of Link in the last couple of weeks. By August 28, the asset had tanked…

August 30, 2020
EMURGO partners with Blackbird Ventures to establish new blockchain solution Brandmark

EMURGO, one of the founding entities of Cardano, has announced the launch of Brandmark, a blockchain solution aimed at providing solutions for large-scale and national organizations. Brandmark is a joint venture between EMURGO and Blackbird Ventures, an Israel-based venture capital fund that has partnered with major global brands such as Ikea, DHL, Samsung, and Tesco.…

August 28, 2020
Here are the factors backing Polkadot’s parabolic multi-week uptrend

Polkadot has been seeing tremendous momentum in recent weeks, with the cryptocurrency now securing its position as the sixth-largest digital asset by market capitalization. Its monumental growth in recent times has allowed it to pass the market cap of Litecoin, Cardano, Bitcoin Cash, and other major cryptocurrencies. It appears that there are a few trends…

August 27, 2020
Dave Portnoy says he may “save” Chainlink after LINK dives 25%

Last week, Barstool Sports founder Dave Portnoy exited the crypto market after a brief foray. In a widely-publicized manner, the celebrity day trader liquidated his $1.25 million in cryptocurrency, which included Bitcoin, Chainlink (LINK), and Orchid (OXT). While he claims to have made money on BTC, he lost big time on LINK and OXT, buying…

August 26, 2020
ConsenSys CodeFi unable to handle SKALE’s ICO traffic, cancels auction

CodeFi, a blockchain platform developed by ConsenSys, has canceled the auction of the SKL token due to increased traffic during SKALE Network’s ICO last week. The company decided to proactively cancel the auction and introduce a new process that will provide all qualified users with an equal and guaranteed allotment of SKALE tokens at a…

August 26, 2020
Bitcoin exchanges might soon share money laundering data in the UK

In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering. Bitcoin under the scanner According to a document on August 24, the FCA plans to legally oblige UK-based crypto firms to share any suspicious…

August 25, 2020
VC: Chainlink’s and Band’s 20% price jump bodes well for DeFi bull run

Like the rest of the crypto market, coins pertaining to the decentralized finance space have faced a strong pullback over the past few days. Take Maker (MKR), for instance. CryptoSlate data indicates that the leading Ethereum-based coin has shed 9.5 percent in the past 24 hours. There are cryptocurrencies that are strongly outperforming the pack,…

August 23, 2020
2017’s forgotten altcoins ZRX, OMG, and BAT are booming on a DeFi promise

Some much-hyped altcoins from 2017 are seeing a surge in prices as the DeFi market picks up steam and becomes a formidable sector in the broader crypto space. Altcoins ZRX and OMG surge 0x protocol, which raised millions in an ICO in 2017, was one of the first decentralized exchanges (DEX) to hit the crypto…

August 23, 2020
Here’s why Dave Portnoy is already selling his Bitcoin, Chainlink, and Orchid

On Aug. 13, Barstool Sports’ founder Dave Portnoy finally dived into Bitcoin and crypto after playing with the idea for a number of weeks. Portnoy, who has become a celebrity day trader since the pandemic began, got help from the Winklevoss Twins — Tyler Winklevoss and Cameron Winklevoss, co-founders of the Gemini crypto exchange and Bitcoin billionaires —…

August 23, 2020