Tag: Altcoins
An altcoin refers to any cryptocurrency that is not Bitcoin. It usually refers to a collection of cryptocurrencies and tokens.
In a series of undercover films revealed Friday, attorney Kyle Roche bragged of his strong relationships with blockchain creator Avalanche and said he had launched spurious litigation to harm his rivals.
The native token of Avalanche, AVAX, dropped by around 11 percent when the claims surfaced, however, it has subsequently recovered to some extent. In terms of market cap, AVAX ranks 16th.
Slander and legal tactics
On Monday,...
Staked Ethereum arbitrage opportunity
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Lido Finance now exchanges ETH for stETH. Lido’s staking feature compensates customers for locking up ETH on the exchange. Staked Ethereum is an Ethereum coin that represents ETH staked for a long time to sustain and safeguard the Ethereum blockchain network operating on the Beacon Chain. Beacon Chain is a proof-of-stake variant of Ethereum’s blockchain.
stETH operates as an IOU and might be exchanged into ETH when the Ethereum...
James Butterfill: Investors are flocking to the relative safety of bitcoin
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Inflows into Bitcoin (BTC) funds continued for the second week in a row, outpacing the performance of other digital asset funds.
More than $506 million has been invested in bitcoin-focused mutual funds since the beginning of the year, according to the latest data from digital asset fund provider CoinShares. New money invested in bitcoin funds countered the losses of non-bitcoin or alternative cryptocurrency funds by around $100 million...
Brad Garlinghouse: Thousands of Cryptocurrencies Will Collapse
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Brad Garlingouse, the CEO of blockchain company Ripple, believes that thousands of cryptocurrencies will collapse.
Garlingouse said that there are currently over 19,000 cryptocurrencies in existence, but only a handful will survive. He predicts that those few survivors will be the ones that are able to solve real-world problems and provide value to consumers.
Garlinghouse made the comments during an interview with CNBC at the recently...
Tether Announces Reduction In Commercial Paper Reserves
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Tether’s commercial paper holdings have been reduced by 17% as the company seeks to improve the quality of its reserves.
In its Consolidated Reserves Report released Thursday, the company indicated that it had reduced its commercial paper holdings from USD $24.2 billion to USD $20 billion during the first quarter of 2021.
As of March 31, the end of the first quarter, Tether’s reserves were USD $82 billion of which 86% consisted of...






