Category: Altcoins

Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar During an annual speech at the National…

January 15, 2021
Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar During an annual speech at the National…

January 15, 2021
These cryptocurrencies are up over 10% today despite Ethereum’s sharp 8% drop

Both Bitcoin and Ethereum have faced sharp declines over the past few hours despite the move to $40,000 on Thursday. BTC is down 10 percent in the past 24 hours while ETH has lost around eight percent over that same time frame. This drop comes amid two events: Developments indicate that Mt. Gox’s liquidators are…

January 15, 2021
DeFi coin THORChain (RUNE) surges 30% following SushiSwap listing

THORChain (RUNE) is surging higher today after the cryptocurrency joined hands with SushiSwap. THORChain is a cross-chain liquidity protocol that allows investors to trade cryptocurrencies across chains. RUNE is the protocol’s native token. RUNE surges after SushiSwap listing RUNE has surged 35 percent in the past 24 hours in spite of the fact that Bitcoin…

January 13, 2021
Aragon One CEO resigns after a disagreement over governance decisions

It’s new beginnings for Jorge Izquierdo, who would continue to be involved with Aragon albeit at a community level. Aragon governance: Gone the other way Jorge Izquierdo, the co-founder of the internet community and governance protocol Aragon, announced he was stepping down from the protocol he helped build to be worth over $132 million as…

January 13, 2021
Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”

Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that…

January 13, 2021
These DeFi Tokens Have Double-Digit Gains as Bitcoin’s Growth Tapers

DeFi tokens are attracting investors as bitcoin’s rally fades and new protocols are updated.

January 13, 2021
First Mover: Don’t Like $34K Bitcoin? Stellar, Litecoin Yet to Conquer Old Highs

Though bitcoin’s rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as “altcoins” whose prices have yet to clear all-time highs from years past.

January 13, 2021
What is Avalanche (AVAX) and why is it up 125% this past week?

Both Bitcoin and Ethereum have seen large retracements since their recent highs of $42,000 and $1,350, respectively. BTC currently trades for $35,000 while ETH has settled in the $1,075 range. Some cryptocurrencies have been largely unfazed by this drop, though. One such coin is Avalanche (AVAX). The cryptocurrency has gained 130 percent in the past…

January 12, 2021
Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

January 12, 2021