Altcoins

Following weeks of technical difficulties, Binance has resolved an issue pertaining to Dogecoin withdrawals from their exchange. Today, the company released a statement explaining why the issue arose in the first place, and what it took to resolve it. This comes following a frustrated exchange between Binance and Tesla’s CEOs while the problem was still being worked out. The Inside Story The explanation came in a statement from both Binance and Dogecoin Core maintainers, posted through Binance Blog. What began…

DeFi Yield Protocol (DYP) – a yield farming aggregator platform – recently announced its new pools for staking, buyback, and farming on Binance Smart Chain (BSC). Each pool is offering remarkably high APRs of 50%, 100%, and up to 1150% respectively.  These pools arrive at a critical moment for DYP, which analysts predict will surge by orders of magnitude in the weeks to come.  DYP’s New Pools According to a company statement, the Buyback pool will allow users to deposit…

Elon Musk is not happy with how Binance is running its operations today. He targeted Binance CEO Changpeng “CZ” Zhao on the exchange’s handling of recent Dogecoin withdrawal troubles, suspecting “shady” behavior. Not backing down, CZ fired back with his own criticism of faulty Tesla vehicles. Elon Musk Versus Changepeng Zhao The executive feud began with Elon Musk tagging CZ in a Twitter comment earlier today. The comment was left on a CoinDesk tweet quoting the CEO, saying he wanted…

Ripple CEO took a shot at a competing crypto - the famous meme coin DOGE. He said he wouldn't hold it due to its inflationary nature. However, one research firm showed that Ripple's inflation rate reached 20% last year. Brad Garlinghouse, the CEO of Ripple Labs, took a shot at Dogecoin due to its alleged inflationary nature. "I am not convinced, somewhat controversially, I guess, that dogecoin is good for the crypto market," he said. DOGE is the giant meme…

Crypto exchange Crypto.com is rolling out an over-the-counter solution (OTC) for its institutional and VIP clients. Meanwhile, the exchange's native token is at its all-time highs. On Monday, the company shared a press release about the new solution for its VIP clients. The new portal will allow them to receive instant quotes for large OTC trades. Currently, traders often have to make these trades manually. The solution would let institutional investors and a few VIP retail traders buy and sell…

Kineko, a sports betting and prediction markets protocol, is officially migrating to Solana. High gas fees and slow speed of transactions made the company behind it reconsider its presence on the Ethereum network. At times, users would have to pay hundreds of dollars per bet, which kept a lot of them out. Neither gas fees or transaction speed is an issue with Solana. Specifically, Solana's scalable model allows for much cheaper and faster transactions. Thus, the network is more effective…

Media personality and entrepreneur Kevin O’Leary recently revealed that 10% of his portfolio goes to cryptocurrency. This comes after the investor derided the asset class years ago, with words that he now says he’ll “never live down”. O’Leary Treats Crypto As A Serious Investment The Shark Tank star revealed his crypto holdings yesterday during a Reddit talk session. He said that he opened up to the asset class as international regulators showed their approval and created industry frameworks. With that,…

Eric Adams is already proving successful on his promise to make New York City a cryptocurrency hub. CityCoins – a community-led project built on Stacks – has chosen to develop a new crypto token to support New York City. This is the second city-based token the community has built following Miamicoin. Introducing NYCCoin CityCoins community leader – Patrick Stanley – discussed the news in a recent telephone interview with Bloomberg. He said that CityCoins had been deliberating whether to launch…

A surge in popularity and increased volatility have made the SHIB token one of today's most traded cryptocurrencies. According to Coinmarketcap, the Shiba Inu coin is currently fifth by daily trading volume, at $4.7 billion. SHIB now trails only behind the heavyweights of the crypto world - USD Tether, Bitcoin, Ethereum, and Binance USD. Firstly, Tether is the first stablecoin and the most dominant one in crypto trading. It is critical for facilitating cryptocurrency trading and reducing costs to traders. At $63…