Altcoins

While cryptocurrencies present tremendous opportunities for multiplying one’s wealth, the space is also rife with scams. The latest came in the form of the Squid Game (SQUID) token, which abruptly lost 99.9999% of its value early this morning. Over $2 billion of buyers’ token value was effectively torched, leaving the founders with over $2 million in profit. Rise and Fall of “Squid Game” Token As displayed on CoinMarketCap, the token saw hyperbolic growth shortly after its inception last week. While…

Tether Holdings – the issuer of the most popular stablecoin, "Tether"– just responded to a Bloomberg article casting doubt on their operations. While Bloomberg claims that Tether's $69B reserves are nowhere to be found, Tether calls their accusations fake news. Tether's Response to Bloomberg Tether published their response to Bloomberg yesterday, on the same day Bloomberg's accusatory article was released. Tether calls the piece a "one-act play" that cherry-picks old news from "dubious sources" to fit a defamatory narrative. This…

As per Coinmarketcap, the number of active users on the Polygon blockchain has officially overtaken ETH, according to their analysis on 3rd OCT. The site also added that the skyrocketing number of users is due to the upcoming mobile game Arc8. Polygon Active Addresses Skyrockets As per the Polygon scan, 531,831 addresses were using the polygon blockchain on Oct 3, 2021. Comparatively, the ETH network was serving about 472,079 active users on the same date. While the numbers of users…

THETA has unveiled a new API service to revolutionize web3 video, providing its users with a way to stream decentralized video content. Theta Labs launched the "Theta Video API" that will assist developers in adding a decentralized video to any website or app. Interestingly, developers won't go through the hassle of using any central servers, content delivery, or video hosting software. In a nutshell, anyone can upload a video clip, and the API will return a playable link. Comprehensively, you…

Kick.io, a crypto fundraising platform, has announced the release of its IDO launchpad. The project accelerator will enable the Cardano community to raise funds for high-value projects. In a press release yesterday, the firm confirmed that the service would go live on October 1st 2021. It went on to invite community members to invest in unicorn-level projects. Members can do so by taking advantage of early investor privileges. Kick.io is looking to be the go-to platform for funding Cardano-Based projects…

Dogecoin co-founder Billy Markus has suggested two things he believes would help Dogecoin. He also looks forward to completing the DOGE-ETH bridge and developing a DOGE-ETH token for purchases. Billy Markus on Dogecoin’s Development Markus took to his Twitter account to advocate for the DOGE-ETH bridge, which he believed would help Dogecoin. He explained that the NFT platforms like OpenSea should allow the DOGE-ETH token to facilitate purchases. He also noted that allowing the DOGE-ETH token to assist in NFT…

The China-based Ethereum mining pool SparkPool has decided to halt its services for all users. The platform posted the development to their website and Twitter account on Monday. The firm is one of the world's largest Ethereum mining pools. SparkPool stated that it is doing so due to stricter enforcement of crypto mining bans in the country. Also, it announced that it was suspending access to new users in mainland China. In addition, the entity intends to stop existing users in China and abroad…

Emurgo took to their official Twitter account on the 26th of Sep 2021 to confirm the announcement that they are ready to invest $100M in the Cardano ecosystem. Emurgo had made this announcement at the Cardano Summit. Cardano ‘Stretches’ to Support DeFi, NFTs, and Blockchain Education On the 26th of Sep 2021, Emurgo, the commercial of crypto giant Cardano, took to its official Twitter account to confirm that it intends to invest $100M in Cardano’s Ecosystem. The vast funding will support the development of DeFi and NFTs on Cardano’s…

We will remember 2021 for a lot of things. However, the rise of “Ethereum killers” might be the most prominent. Essentially, these are blockchains looking to match Ethereum in terms of performance. This way, these Ethereum alternatives can take from its market share. September was a big month for these Ethereum killers. The blockchains themselves got significant adoption as they continued their mission to usurp Ethereum, and their native tokens ultimately delivered impressive price gains as well. SOL Takes the Crown…