Tag: Altcoin

XRPL Labs Reveals Smart Contract Sidechain For XRP Ledger, What This Means For the Altcoin

Earlier today, XRPL Labs divulged its latest development: Xahau Ledger, a smart contract sidechain integrated into the XRP Ledger (XRPL) ecosystem. This is said to enhance the capabilities of the XRP Ledger, pushing it a step closer to widespread retail adoption. The announcement by XRPL Labs, the brain behind the XRP Ledgerโ€™s self-custody wallet named Xumm, has reignited excitement within the community, pointing toward significant advancements for this altcoin. However, so far, the altcoin remains in red down by 1% in the past 24 hours. An Introduction To Xahau Ledger…

Upcoming ‘PayPal Update’ sparks speculation around Bitcoin and altcoin prices

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent reports have indicated that Elon Musk might be considering the transformation of X (former Twitter) into a modernized iteration of PayPal.ย  Previously, a major institutionโ€™s endorsement of Bitcoin (BTC), like that of PayPal in late 2020, played a pivotal role in initiating a bullish surge in Bitcoin prices, at the time propelling its value to nearly $70,000. The future of X According to Charles Gasparino, a correspondent at Fox Business News, Elon Musk is engaged…

Binance sheds light on low-cap altcoin risk management process

In an email conversation with crypto.news, a Binance spokesperson discussed the exchangeโ€™s risk management approach and confirmed initiating contact with low-market cap altcoin projects. The initiative is part of Binanceโ€™s overall strategy to bolster trading activities on its platform and curb risks for its users. Binance aims to enhance liquidity protection Binance has confirmed initiating contact with low-market cap altcoin projects as part of its strategy to bolster trading activities on its platform and curb risks for its users. In the past week, the cryptocurrency exchange reportedly contacted various low-cap…

Bitcoin spot ETF launches on Euronext, analysts expect more growth for this AI-centric altcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jacobi Asset Managementโ€™s recent introduction of a Bitcoin (BTC) Spot ETF on Euronext could bridge the gap between traditional finance and crypto, potentially unleashing a new era of investment possibilities. Amidst this development,ย InQubetaย is fast rising. The artificial intelligence (AI)-centric altcoin appears to be capturing the imagination of tech enthusiasts and investors alike. The convergence of AI and non-fungible tokens (NFTs) can also open new avenues for innovation.ย  This article explores InQubetaโ€™s growth potential while shedding light…

Bitcoin is stable amid rising popularity of new AI altcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Few coins have garnered as much attention and speculation as Bitcoin, often regarded as the go-to cryptocurrency for beginners. Its meteoric rise, followed by dramatic crashes, has become a hallmark of the crypto landscape. However, 2023 has presented a surprising shift in the narrative as Bitcoin finds itself in an unprecedented era of stability. While this newfound calmness has intrigued many and led some to consider it the best coin to buy, another project is gaining…

Altcoin Season In Limbo As Bitcoin Dominance Holds Key Support

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Market observers are closely eyeing the tussle between Bitcoin and its altcoin counterparts. Bitcoinโ€™s dominance, a critical indicator of its market influence relative to the entire crypto market, has reached a pivotal crossroads. This juncture holds the potential to determine whether this yearโ€™s trend of Bitcoin outperforming altcoins will persist or if the heralded โ€œaltcoin seasonโ€ is on the horizon. Bitcoin Dominance (BTC.D) stands as a percentage value that calculates Bitcoinโ€™s market capitalization against the entire global crypto market capitalization. This metric has garnered substantial attention due to its role…

Kraken dominates US altcoin market liquidity in July

In July, Kraken reinforced its dominance as the top platform for altcoin trading in the US. Kaiko reports reveal that Kraken commanded nearly 50% of the market depth for the top 10 altcoins. On Aug. 9, Kaikoโ€™s research analyst, Dessislava Ianeva, spotlighted Krakenโ€™s significant altcoin market influence. ๐Ÿ“ˆ๐Ÿค”In July, Kraken emerged as the most liquid platform for alts in the US.๐Ÿ‘‰ Its claiming almost half of the market depth for the top 10 alts. pic.twitter.com/2fumt7yi9a โ€” Dessislava Ianeva (@DessislavaIane2) August 9, 2023 Known for its impressive euro volume and liquidity,…

Kraken Surges Ahead In Altcoin Liquidity, Overtaking Coinbase In US: Kaiko

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The world of cryptocurrency exchanges, often clouded with volatility and competition, has recently been witnessing a distinct shift in dynamics, particularly as a Kraken is taking the lead in the US altcoin trading space. The latest data reveals Kraken, the California-based crypto exchange, is now dominating its rivals, specifically Coinbase, in the altcoin market. Dominating The Altcoin Trading Landscape Data analytics from crypto research firm Kaiko has highlighted Krakenโ€™s emergence as the premier US crypto exchange for altcoin trading. With significant shifts in market depth percentages and a notable increase…