Tag: Altcoin News

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Coin Race: Top 10 Winners & Losers of December, Q4, and 2020

The time flies and it might even be flying faster in the Cryptoverse – or so it would appear – with the turbulent, volatile markets putting on a show for us daily, monthly, and yearly. And what a show they put in 2020! From bitcoin (BTC) reaching new all-time highs, climbing towards USD 30,000 at…
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New High for Bitcoin, Altcoins Show Positive Signs

There were additional gains in bitcoin price above the USD 29,500 level. BTC traded just above USD 29,650 and formed a new all-time high. It is currently (13:00 UTC) showing signs of more possible gains above USD 29,650 and USD 29,800. Similarly, many major altcoins are showing bullish signs. ETH/USD is facing an uphill task…
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Coinbase to Face Class Action Suit over XRP Listing

An alleged customer of the crypto exchange giant Coinbase has hit the trading platform with a class-action lawsuit – claiming that the crypto firm “illegally sold” him “securities” in the form of Ripple’s XRP tokens, which has actually enjoyed a surprising rally today. In a legal document submitted to a District Court in California on…
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Binance to Cover USD 10m in Losses for Users Affected by the COVER Hack

Source: a screenshot, Instagram/binance Following a COVER smart contract hack, major crypto exchange Binance announced they will use their funds to cover their users’ losses to the tune of USD 10.1m. "In addition to the compensation plan from the COVER team, Binance will utilize the Binance SAFU Fund to recompense a total of [USD] 10,107,505…
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While Bitcoin Extends Rally, Altcoins Take Back Seat

After settling above USD 28,500, bitcoin price started a fresh increase. BTC broke the USD 29,000 level and traded to a new all-time high close to USD 29,300. It is currently (05:00 UTC) consolidating gains and it seems like the bulls might aim for a test of USD 30,000 in the near term. Besides, most…
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Bitcoin Retreats From New All-Time High, XRP Eyes Gains

After a sharp increase, bitcoin price spiked above USD 28,400. BTC traded to a new all-time high near USD 28,600, but there was no upside continuation. The price is currently (13:00 UTC) correcting gains and it might find a strong support near USD 27,500. Similarly, there was a minor pullback in most major altcoins. ETH/USD…
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Ripple Bets On the New SEC While the XRP Purge Continues

It looks like major US-based blockchain company Ripple is putting their hopes in the new US Securities and Exchange Commission (SEC) following a lawsuit filed against the company by the regulator. Meanwhile, more platforms are suspending trading in XRP. Ripple is now looking towards the incoming new SEC leadership, which may (or may not) be…
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Production to Begin on USD 540m Crypto-themed TV Drama ‘Pumping Time’

Source: Adobe/Pixel-Shot A South Korean TV drama production company is set to launch a major series that will focus on crypto and blockchain-related matters – with a bumper budget of over USD 2.7m per episode. Per Financial News, major A-list celebrity actors from South Korea, China, and the United States are already in talks to…
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Alarm Bells Ringing in XRP-keen Japan

Japanese investors are reeling from news coming out of the United States, where the regulatory Securities and Exchange Commission (SEC) has launched something akin to a war on Ripple’s XRP token, with Coinbase the latest big-hitting exchange to announce it will suspend XRP trading. XRP adoption is high in Japan, where it vies with ethereum…
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Bitcoin and Altcoins Show Positive Signs

After a downside correction below USD 26,500, bitcoin price found support near the USD 26,000 region. As a result, BTC started a fresh increase and it broke the USD 26,500 resistance zone. It is currently (13:00 UTC) showing positive signs, but it must settle above USD 27,250 for a sustained upward move. Similarly, there was…
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