Category: altcoin

The Bank of England’s regulatory arm has requested that businesses disclose any current or future exposure to crypto by next March so it can monitor stability and help shape policy.  In a Dec. 12 statement, the Prudential Regulation Authority (PRA) asked firms to share their “current and expected future cryptoasset exposures” and explain their use…

Layer-1 blockchain Avalanche announced the closure of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital on Dec. 12.  More than 40 companies joined the token sale including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective and others.  The raise comes…

Nature — one of the world’s most cited scientific journals in the world — has just featured ResearchHub, a decentralized science (DeSci) protocol, a move that could potentially alert the wider scientific community to DeSci and cryptocurrency.   In a Dec. 11 article, Nature — which sees 9 million viewers monthly — featured ResearchHub’s platform,…

Each month, our panel of crypto lawyers looks at the legal implications of some of the thorniest problems facing the industry in different jurisdictions around the world. At their best, key opinion leaders (KOLs) and social media influencers play an important role in crypto, educating their followers and highlighting new trends and opportunities. At worst,…

Magic Eden’s freshly launched token has dipped in value on its release as the non-fungible token (NFT) platform’s users complained of a buggy mobile app and an overly complex claiming process, among other issues. The platform’s self-titled token, Magic Eden (ME), debuted on Dec. 10 at $6.70 and briefly rallied as high as $13.10 before…

Cardano (ADA) is showing weakness today, trading at $1.022, down 9% over the last 24 hours. An attempted fraud, reduced network user interaction and several onchain signals suggest that ADA could slip lower soon.  ADA/USD daily chart. Source: Cointelegraph/TradingView ADA price drops after Cardano Foundation’s X account hack Investor sentiment toward Cardano has turned negative…

Maverick Protocol has launched a “MemeFi” platform on Coinbase’s Base network aiming to bring decentralized finance (DeFi) to memecoins, it told Cointelegraph on Dec. 9.  Dubbed goose.run, the platform is intended as Base’s answer to Pump.fun, the famed Solana (SOL) memecoin platform. In addition to matching pump.fun’s core functionalities, such as liquidity bootstrapping for new…

XRP (XRP) price has dropped significantly over the last seven days, dipping as low as $2.16 on Dec. 5. Its price is down as much as 16% from its multi-year highs of around $2.90 to the current levels of about $2.39. XRP/USD daily chart. Source: Cointelegraph/TradingView Despite the pullback, there are three data points supporting…

Bitcoin (BTC) continues to witness a tough battle between the bulls and the bears at the $100,000 level. CryptoQuant contributor Percival said in a Quicktake blog post on Dec. 6 that Bitcoin’s weekly strength is worn out, suggesting a consolidation over time. The near-term uncertainty and the choppy price action have not altered analysts’ long-term…

The altcoin market has seen substantial gains since Donald Trump’s United States presidential victory, but a venture capitalist has warned of a potential near-term shakeout as institutional investors increase their profit-taking activity. However, not all traders agree. “Considering alt season tapped out for now,” Hartmann Capital managing partner Felix Hartmann said in a Dec. 7…

Top Stories of The Week SEC to reject bids for spot Solana ETFs — Report The United States Securities and Exchange Commission is set to reject applications in line for spot Solana exchange-traded funds (ETFs). The agency has notified at least two of five issuers seeking approval for a Solana ETF, according to Fox News…

YouTube investigator Stephen Findeisen, better known as “Coffeezilla,” has called for an end to the spread of misleading headlines about viral influencer Hailey Welch, also known as “Hawk Tuah,” following the controversial launch of her memecoin, HAWK. “Can yall stop these insane headlines. She didn’t rug for 500M and she didn’t profit $50M,” Coffezilla said…

Ethereum’s native token, Ether (ETH), has maintained a slow and steady rise over the past three weeks, rising 28% since Nov. 18. Despite a flash spike down to $3,615 on Dec. 5, the altcoin has sprung back and now trades above $4,000. Ethereum 4-hour chart. Source: Cointelegraph/TradingView Its yearly high value remains at $4,098, and…

XRP has fallen almost 18% since hitting its yearly high on Dec. 3, but traders still hope for a strong rebound. Their optimism may be tested if Bitcoin dominance continues to increase, a crypto analyst said. “The real danger right now for highly leveraged XRP bulls is that Bitcoin dominance increases again. A rotation from…

The ‘Asian MicroStrategy’ exits crypto Chinese selfie app developer Meitu has cashed out all of its cryptocurrency holdings, earning roughly an 80% profit. The company began selling its crypto assets in November.  In a Dec. 4 statement, Meitu confirmed that it no longer holds any cryptocurrencies. Meitu invested in 31,000 Ether and 940 Bitcoin in…

As the cryptocurrency market hits new highs, many investors feel they’ve missed out on major digital asset gains, according to a new survey by Kraken. On Dec. 4, crypto exchange Kraken published the results of its Kraken Crypto FOMO Survey 2024, focusing on the fear of missing out (FOMO) and fear, uncertainty and doubt (FUD)…

A select group of altcoins has seen remarkable gains exceeding 250% in the past 30 days, including Hedera (HBAR), Stellar (XLM), XRP, Algorand (ALGO), and Cardano (ADA). This rapid surge has left traders questioning the rally’s sustainability and looking for indicators of a potential correction. Some investors argue that these tokens were trading at substantial…

Ripple is preparing to launch its United States dollar-pegged stablecoin Ripple USD (RLUSD). The cryptocurrency community highly anticipates the launch, which is expected on Dec. 4. According to Fox Business, Ripple is expected to launch RLUSD on Dec. 4, following approval by the New York Department of Financial Services. The blockchain firm has cautioned against…

The cryptocurrency market regained some footing after South Korean President Yoon Suk-yeol reversed his declaration of martial law — less than six hours after imposing it.  The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. Around 190 lawmakers in the country’s 300-member parliament voted to reject the martial…

Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to phase out support for cryptocurrencies like Bitcoin in favor of stablecoin-only transactions. Dtcpay took to X on Dec. 3 to officially announce that its platform will phase out support for Bitcoin (BTC) and Ether (ETH) payments by the end of 2024. Instead, Dtcpay will transition to…