Tag: Altcoins

An altcoin refers to any cryptocurrency that is not Bitcoin. It usually refers to a collection of cryptocurrencies and tokens.

Bitcoin Sell-Off, Biden Tax Plan, Turkish Exchange

Cryptocurrency News: Bitcoin Sell-Off, Biden Tax Plan, Turkish Exchange

Even the coins that had managed to make some gains in recent days like Ethereum plummeted on Friday in a scenario tinted red by losses.One of the drivers of the drops may be due to the package of tax measures that the Biden administration announced, which admitted that it is considering increasing the capital gains tax by almost 40% for them to earn 1 million dollars or more a year.The fall of Bitcoin, of almost 20%, marks it as the worst fall since it touched the record of $64,870 on April 14.A decline occurred following Coinbase’s IPO, followed by what for many is a week of inexplicable lows. Price of bitcoin At the time...

Altcoins, Bitcoin, Featured

Continue reading

Dogecoin price and news summary

News Summary: Dogecoin

Any investor with even a passing interest in cryptocurrency is probably wondering if they should buy Dogecoin now. We will start by explaining briefly what Dogecoin really is. [1]Dogecoin PriceWhat is Dogecoin?Dogecoin is a decentralized, peer-to-peer digital currency, which enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Dogecoin provides faster transactions than Bitcoin, and uses scrypt technology as a proof-of-work function, which can lead to more decentralized mining by regular users also...

$DOGE, Altcoins, Cryptocurrencies

Continue reading

Dolar DAI

¿Por qué ocurre que DAI no puede mantener la paridad con el Dólar?

El DAI es una stablecoin que se emite cuando alguien pide un préstamo, por lo tanto todo DAI en circulación es una deuda de alguien. Si un participante del ecosistema decidiera ahorrar ese DAI (no gastarlo) algún prestatario tendrá dificultades para pagar su préstamo (más intereses) entrando en default.Esto es exactamente lo mismo que ocurre en el sistema financiero tradicional. El imaginario colectivo piensa que los bancos prestan los depósitos que recibieron previamente. Esto es incorrecto, los bancos emiten dinero mágicamente cuando otorgan préstamos.

#DAI, Altcoins, Criptomonedas, Destacados

Continue reading

Dolar DAI

Why is it that DAI cannot maintain parity with the Dollar?

DAI is a stablecoin that is issued when someone asks for a loan, therefore every DAI in circulation is someone’s debt. If a participant in the ecosystem decided to save that DAI (not spend it), some borrower will have difficulties paying their loan (plus interest), entering into default.This is exactly the same as in the traditional financial system. The collective imagination thinks that banks lend the deposits they previously received. This is wrong, banks magically issue money when they make loans.

#DAI, Altcoins, Cryptocurrencies, Featured

Continue reading

Why do altcoins decrease in performance when Bitcoin is rising?

Why do altcoins decrease in performance when Bitcoin is rising?

When Bitcoin rises slowly, it can cause an “altseason” to occur. In fact, ETH has outperformed BTC so far this year in percentage terms, which is why the growing momentum may be returning to Bitcoin. Especially during the month of August, many DeFi tokens surged 5-20 times, causing a massive altcoin craze.However, when the price of Bitcoin increases in the short term, it can cause the market for altcoins to crash. The profits from altcoins are likely to return to stablecoins and Bitcoin, leading to BTC to recover on its own.

Altcoins, Cryptocurrencies

Continue reading

Why do altcoins decrease in performance when Bitcoin is rising?

¿Por qué las altcoins decrecen en rendimiento cuando Bitcoin está subiendo?

Cuando Bitcoin sube de manera paulatina, puede ocasionar que se produzca una “altseason”. De hecho, ETH ha superado a BTC en lo que va de año en términos de porcentaje, razón por la cual el impulso creciente puede estar retornando a Bitcoin. En especial durante el mes de agosto pasado, muchos tokens DeFi aumentaron entre 5 y 20 veces, causando una locura masiva de altcoins.Sin embargo, cuando el precio de Bitcoin se incrementa en un corto plazo, puede causar que el mercado de las altcoins se desplome. Es probable que los beneficios de las altcoins vuelvan a las stablecoins y a Bitcoin, llevando...

Altcoins, Criptomonedas

Continue reading

© Cryptopress. All rights reserved.