Altcoins

USDC-Issuer-Circle-to-Launch-Euro-Backed-Stablecoin-EUROC
USDC Issuer Circle to Launch Euro-Backed Stablecoin EUROC

Issuer of USDC, Circle, will launch a new stablecoin called Euro Coin (EUROC) EUROC will be officially launched on June 30th. Developers can now start integrating Euro coin’s smart contract today. Circle, the financial tech firm behind USDC, will be launching a new stablecoin called Euro Coin (EUROC). The new stablecoin was designed with a full-reverse model same as USDC to ensure the coin is redeemable 1:1 for euros. Even though traders have lost their trust to stablecoins due to the recent depegging of UST, the fintech still decided to launch the additional stablecoin backed by euro reserves. A euro-denominated

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This Altcoin Is the Biggest Gainer in the Last 7 Days
This Altcoin Is the Biggest Gainer in the Last 7 Days

Terra (LUNA) is the biggest gainer in the last 7 days. Crypto exchange FTX announced LUNA spot market listing. In other news, crypto exchanges said they will not freeze Russian accounts. Despite the huge market FUD brought by Russia’s aggression toward Ukraine, Terra (LUNA) has been making a convincing rally ahead of all cryptocurrencies, including Bitcoin. In fact, LUNA price has made a jaw-dropping surge of 77% in the last 7 days. As seen above, LUNA price has totally reversed its dump and is now trading above the 50-day and 200-day Simple Moving Averages (SMAs). It reached as high as

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Invested in Crypto in Early 2021
How Much Will Your $1K Be Worth If You Invested in Crypto in Early 2021?

Traders would have made significant profit if they invested in crypto in early 2021. Top gainers are Telcoin, Polygon, and Dogecoin. Meanwhile, Bitcoin and Ethereum are having a price correction. While the crypto market has not yet returned to full swing, a number of popular coins and tokens are beginning to show bullish signs. Most of these have been having an impressive 7-day run, especially XRP, which is at 54.1%, and ADA, currently sitting at 42.5%. As if these are not enough cause for celebration, Twitter user Jon Erlichman wrote a list of cryptocurrencies and other assets that would have

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Nigeria Rides the Crypto Wave
Nigeria Rides the Crypto Wave, Citizens Choose Bitcoin

Nigeria ranks at number 2 in crypto trading worldwide.  It follows after the United States of America.  The country placed second despite much government effort to dampen crypto trading. According to Paxful, a Bitcoin trading platform, Nigeria is second in line when it comes to crypto trading. This puts the country right behind the USA. Despite numerous attempts at trying to dampen the growing interest in Bitcoin, its citizens have fully embraced cryptocurrencies.  In fact, according to Chainalysis, Nigerian users received an astounding $2.4 billion in May. This number is based on dollar volume in cryptos. This is a remarkable

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Biden’s Bill Will Hinder Crypto Activities
Biden’s Bill Will Hinder Crypto Activities Within The USA

Biden’s infrastructure bill comes with a new cryptocurrency surveillance provision.  The EFF says that this bill will make things a lot harder for crypto activities in the country.  It lists out 6 solid reasons on how the bill does so. The USA has always been a land brimming with potential and opportunity. It is a place where people from all over the world gravitate to fulfill their dreams. Naturally, the country must work towards living up to this name. A great way to do that is to accommodate the world’s latest trends and technologies.  For instance, the people of America

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El Salvador Set to Launch a National Cryptocurrency Soon
El Salvador Set to Launch a National Cryptocurrency Soon

El Salvador is introducing its own national cryptocurrency.  This crypto will be a stablecoin that will go by the name of ‘Colón-Dollar’.  Eventually, the country aims to recognize all cryptos as legal tenders. El Salvador has come a long way since its initial announcement at the Miami Bitcoin 2021 conference. Its latest news surrounding cryptocurrency is the fact that the country plans to launch its very own stablecoin this year.  According to a local digital newspaper in the country — El Faro, El Salvador’s government aims to establish its own native cryptocurrency. This crypto will be a stablecoin that the

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Musk and Dorsey Meeting
Bull Run Incoming? India Crypto Bill, Musk and Dorsey Meeting

Despite the recent dump (again), the crypto space is looking to make a possible bullish recovery. A number of events are about to take place this July which may excite some uptrend movement. One event to look forward to is Tesla CEO Elon Musk and Twitter CEO Jack Dorsey’s Bitcoin upcoming conversation. As many in the crypto space know, these two personalities are big names in the industry. Elon is known to move markets by a mere tweet, and in the last couple of months, his tweets concerning Bitcoin’s energy usage has sent the BTC price down. The discourse will

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IoTeX Announces Mainnet v1.3 Upgrade
IoTeX Announces Mainnet v1.3 Upgrade for July 22

IoTeX is launching its mainnet v1.3 upgrade on July 22. The upgrade will add dApps and reduce gas fees on the network. Also, the upgrade will make IoTeX more secure with zk-SNARKs and zk-STARKs. Internet of Trusted Things (IoTeX) recently announced the launch of EVM Instabal, its mainnet v1.3 upgrade.  According to a recent tweet, the launch will be on July 22, 2021, at around 2 p.m UCT. Notably, v1.3 will deploy at block height 12,289,321. Notably, this will be a hardfork upgrade that will add Web3 dApps, reduce gas fees and add zk-SNARKs computations to IoTeX. The EVM upgrade

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SLP Price Surges
SLP Price Surges Amid Axie Infinity Crypto Game Craze

SLP price has surged amid FOMO regarding blockchain game Axie Infinity. SLP is an ERC-20 token that is native in the game. Axie Infinity has earned $33.7 million in the last 30 days. The price of Smooth Love Potion (SLP) token has recently surged after continued FOMO regarding Axie Infinity, a blockchain-based game that offers utility to the token. As seen on the chart above, SLP price has recently climb from a consolidation period between the $0.11 to $0.15 range. Currently, it is trading in the $0.24 zone, potentially looking to breach the $0.25 psychological resistance. At the time of

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Altcoins Show Bullish Trend
Altcoins Show Bullish Trend as BTC Dominates South Korea

Altcoins show bullish signals  The whole crypto market cap is up by 3.6% The market capitalization of the whole crypto market is up by 3.6%. As a result, Altcoins such as ETH, BNB, XRP, and DOT are now skyrocketing. Specifically, each of these cryptos mentioned above recorded a 7-day growth rate of over +10%. Indeed, this is an event that caught the attention of investors around the world. This made Lark Davis, a crypto analyst, react in a tweet post: Furthermore, cryptos like XDC Network (XDC), and Compound (COMP) both scored a whopping over +100% growth rate in the past

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Philippine Stock Exchange to Trade Crypto
Philippine Stock Exchange to Trade Crypto After Regulator Approval

The Philippine Stock Exchange revealed its plan to become the center for trading cryptocurrencies. This will likely happen once the country’s Securities and Exchange Commission (SEC) has approved. Cryptocurrencies such as Bitcoin and Ethereum are legal in the country. The Philippine Stock Exchange (PSE) has recently expressed its intention to lead cryptocurrency trading in the country. According to CNN Philippines, this will happen once the Asian country’s regulator has given its approval. PSE President and CEO Ramon Monzon said the idea was raised during an exclusive management meeting a couple of weeks ago. Monzon added: “If there should be any

1 min read
Crypto-Winter
Bitcoin and Altcoin Crash: Is it Crypto Winter Already?

Bitcoin continues to move between the support level of $32k and $40k ETH, ADA, XRP and DOT suffered a decline rate from -5% to almost -20% Bitcoin continue to dance between the support level of $32k and $40k as its resistance in the past 7 days. This bearish swing of Bitcoin was felt at every corner of the crypto market. As a result, several altcoins such as ETH, ADA, XRP, and DOT, to name some, suffered a decline rate from -5% to almost -20%. For this reason, the people in the crypto community are wondering if we are already entering

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