Altcoin News

Iran-Resumes-Granting-Cryptominer-Licenses
Iran Resumes Granting Cryptominer Licenses

Iran`s minister for industries is now authorized to resume issuing crypto mining licenses. The central bank of Iran had earlier banned crypto trading in the country. Iran has issued more than 1,000 permits for cryptocurrency mining. According to local media, Iran’s Minister of Industry, Mine, and Trade, Reza Fatemi Amin, claimed his department is now authorized to resume issuing permits for cryptocurrency mining. During a meeting last week, the Iranian government adopted a set of “complete and precise” crypto rules that include guidelines for mining. As the use of cryptocurrencies grows, so are the restrictions that have been put in

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Luna-Classic-Rallies-Hard-in-Sept
Luna Classic Rallies Hard in Sep, What Is the Cause?

Terra Luna Classic (LUNC) has been pumping since the end of August. Recently, LUNC reached its ATH after its fateful rebranding on the Terra Classic blockchain.  Binance will halt deposits and withdrawals via Shuttle Bridge starting September 7. Despite what appears to be a depressing crypto market today, Luna Classic (LUNC) faithfuls still have one more reason to be hopeful. Specifically, LUNC price has been pumping hard since the end of August. In fact, since LUNC started trading — after the rebranding — on major cryptocurrency exchanges such as Binance, the price has since exceeded its all-time high (ATH).  As

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Celsius-Network-May-Require-Funds-Return-by-Court-Order
Celsius Network May Require Funds Return by Court Order

Crypto lender Celsius Networks’ customers still want their money back. Celsius maintains that only “pure” custodial account holders are eligible. A ruling on the matter has not yet been made. According to a report by Aaron Bennett, Customers of Earn and Borrow, who anticipated some type of profit or benefit, disagree with Celsius clients who feel that any custodial account holder. i.e any customer who deposited funds in a custody account but held ownership of the assets should receive their monies. The three-hour meeting on Thursday was largely devoted to discussing whether or not custodial account holders should be allowed

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Litecoin retakes and in bull run
Litecoin Retakes $60 as Pump to $75 Now in Sight

Litecoin is showing an incredible gain of 8.1% in the last 24 hours. LTC has now retaken $60 and is poised for $75 possibly soon. Some people believe that LTC’s bottom has been identified at $40. Amid a short-term price recovery, some leading cryptocurrencies are now retaking previous support levels. Among these, Litecoin (LTC) is showing the highest gains. At the time of writing, LTC is changing hands at $59.66, an increase of 8.1% in the last 24 hours. This also translates to a gain of 4.9% in the last 7 days. In fact, LTC is currently worth $60.20 already

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Polygon Bulls Show Strength as MATIC Price En Route to $1
Polygon Bulls Show Strength as MATIC Price En Route to $1

Polygon (MATIC) price is faring considerably well despite the crypto market taking a huge blow. MATIC may reach $1 in the next couple of weeks, although bulls would have to defend their position. MATIC’s downtrend stretching from late 2021 is already over. Despite the crypto market suffering another huge blow that caused many liquidations, Polygon (MATIC) is faring considerably well. In fact, it may stage a return to the $1 ceiling soon. At the time of writing, MATIC price is at $0.84, according to CoinGecko. This translates to a 24-hour gain of 3.5%. In addition, MATIC price is up 1%

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Crypto Scam Plagues YouTube, Beware Amazon Coin - AMZTR
Crypto Scam Plagues YouTube, Beware Amazon Coin – AMZTR

A Reddit user warns the crypto community of the latest crypto scam.  The scam seems to be running rampant on YouTube. It is doing so in the form of a promotion of a supposed Amazon Coin called AMZTR. It seems a new crypto scam is plaguing the masses. This time the scam has taken the form of a YouTube promotion ad. Most interestingly, the ad seems to be surfacing with the Amazon brand name.  In detail, a user on the CryptoCurrency thread on Reddit draws the attention of the crypto community with a warning. To highlight, the warning throws light

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The Ethereum Merge Could Become a Scammers Paradise
The Ethereum Merge Could Become a Scammers Paradise

The crypto community receives a friendly reminder to be vigilant amid the Ethereum merge. One user claims that the merge could act as a high potential for increased scams.  After this coveted event many expect the next big event to be Bitcoin Halving. As the Ethereum merge approaches, the crypto community is in a tizzy over what to expect from this phenomenal event. In particular, one thread on Reddit claims that the Ethereum merge will turn out to be a haven for scammers.  In detail, the CryptoCurrency thread on Reddit has one user warning the crypto community to be extra

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SLP-Minting-Falls-Below-10M-for-5-Straight-Days
SLP Minting Falls Below 10M for 5 Straight Days

The amount of Smooth Love Potion (SLP) being minted per day has fallen below 10 million. This has occurred for 5 straight days. The last time that this happened was back in 2021 when SLP was about to reach its ATH. Axie Infinity’s Origin experiment appears to be working, as the amount of newly-minted Smooth Love Potion (SLP) has been on a continuous decline. As a matter of fact, the amount of SLP being minted has fallen below 10 million for five consecutive days. For instance, on August 29, there were only 7.4 million SLP minted, according to a chart

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IOG Set Out to Build Connections Throughout Mongolia
IOG Set Out to Build Connections Throughout Mongolia

Members of the IOG team traveled to Mongolia to meet the growing community. The goal of the trip was to build connections throughout the Mongolian ecosystem. The country has felt the vast growth of cryptocurrency. During the visit, the Input Output Global (IOG) team met with representatives from a number of local organizations including the University of Mongolia, the Mongolian Blockchain Association, and a number of local startups. The goal of the trip was to build connections throughout the Mongolian ecosystem and learn more about the needs of the community. Surprisingly,  months later Ulaanbaatar (the capital city) has led the

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The Cardano Hard Fork Inches Even Closer
The Cardano Hard Fork Inches Even Closer

IOHK has released the status of indications that will launch the mainnet update. The Vasil hard fork is one of the biggest blockchain developments of 2022. The EUTXO model can be used more effectively thanks to improved smart contract optimization. On August 25, the blockchain business that runs the Cardano network, Input Output Hong Kong (IOHK), revealed to its over 260,000 followers on the rollout status of the three crucial indications that will launch the mainnet update, claiming that the much-anticipated Vasil hard fork is “ever closer.” The update involves having the top 10 mainnet Dapps update, roughly 25 exchanges

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15% of Adult Indians Hold Cryptocurrency or Bitcoin
15% of Adult Indians Hold Cryptocurrency or Bitcoin

An estimated 115 million people in India are bitcoin investors. By 2030, it is projected that India’s crypto market would have a $241 million market valuation. Crypto users are perplexed by the government’s strict regulations. The results of a survey report titled “Into the Cryptoverse, India”  were released by the cryptocurrency exchange KuCoin. The analysis examines the growth of the cryptocurrency and blockchain sectors in India. Data from KuCoin, a worldwide cryptocurrency exchange, claims that despite the government’s anti-crypto stance, India has an estimated 115 million (which adds up to 15% of the country’s adults), cryptocurrency investors, with a “sentiment

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BTC-and-ETH-See-Higher-Levels-of-Short-Trade
BTC and ETH See Higher Levels of Short Trade

The last day has seen the large cryptocurrency pairs fall. The market has however rebounded a bit. ETH price looks for equilibrium searching for direction in a possible sideways patch. The last day has seen the large cryptocurrency pairs fall in value, causing a bit of panic in the market. This comes after Bitcoin(BTC) and Ethereum(ETH) fell below $20.9k which was last seen in mid-July. However, the market has rebounded a bit and cryptocurrencies are seeing higher levels of short trades coming in as people fear such drops as earlier seen in June when the price of bitcoin jumped about

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