Altcoin Financial News
16.03 / 19:19
business
Mining
Altcoin
Cloud Mining
Bitcoin
Crypto mining in 2023 — Is it still worth it? Watch Market Talks
In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.
16.03 / 17:03
Investments
Trading
Altcoin
Cointelegraph Markets Pro VORTECS Report Summary — 179% gains from 4 alerts
In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto alerts platform displayed how its members could have captured a cumulative 179% gain by following four trades based on four different Markets Pro indicators. The report depicts trading alerts generated between Feb. 26 and March 4, 2023.
16.03 / 05:07
Stablecoin
Altcoin
Circle
Minting
Circle clears 'substantially all' minting and redemption backlog for USDC
Stablecoin issuer Circle has announced it has cleared "substantially all" of the backlog of redemption requests for its stablecoin USD Coin (USDC).
15.03 / 13:03
business
Kucoin
Stablecoin
Altcoin
Funding
Chinese yuan
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer.
12.03 / 19:03
markets
Altcoin
Ether price
Price Analysis
Bitcoin
Bitcoin Price
week
Watch these 5 cryptocurrencies for a potential price rebound next week
Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while Bitcoin (BTC) is down about 9% this week.
12.03 / 08:47
Stablecoin
Adoption
Binance
Altcoin
Banks
Fiat Money
Backed
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damaging investor sentiment and intensifying the regulatory spotlight over cryptocurrencies. However, the recent depegging of Circle’s USD Coin (USDC) led Binance CEO Changpeng ‘CZ’ Zhao to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the US dollar.
12.03 / 04:53
Blockchain
Stablecoin
defi
Altcoin
Circle
Usd Coin
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC's collateral was held at Silicon Valley Bank.
12.03 / 00:11
business
Stablecoin
Altcoin
Circle
Usd Coin
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use "corporate resources" to cover the shortfall on its reserves following Silicon Valley Bank's shutdown, said the company in a statement on March 11.
11.03 / 22:27
markets
defi
Altcoin
Altcoin Watch
Cosmos
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with the v9-Lamba upgrade.
11.03 / 18:51
Adoption
Altcoin
Circle
Banks
Bitcoin
Banks down? That is why Bitcoin was created, crypto community says
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading many to come back to crypto roots, reviving the Bitcoin white paper published just weeks after the Lehman Brothers meltdown in 2008.
11.03 / 14:29
markets
Stablecoin
Altcoin
Usd Coin
Bitcoin
Bitcoin Price
Bitcoin price spikes to '$26K' in USDC terms — How high can the BTC short squeeze go?
Bitcoin (BTC) refused to let $20,000 support die for good on March 11 as the weekend opened to a battle for lost ground.
11.03 / 14:15
business
Stablecoin
Altcoin
Tether
MakerDAO
DAI
Usd Coin
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s $40 million transfer request. Given USDC’s collateral influence, major stablecoin ecosystems followed suit in depegging from the dollar.
11.03 / 11:05
business
Investments
Altcoin
Tether
Uniswap
investigation
Usd Coin
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin (USDC) reserves, the market responded with a massive sell-off — depegging the stablecoin from the US dollar. However, not all investors were lucky enough to walk away with their funds amid the uncertainty.
10.03 / 09:09
business
defi
hacks
Altcoin
Smart Contracts
Hedera
Exploit
Hedera confirms exploit on mainnet led to theft of service tokens
Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.
10.03 / 05:09
Ethereum
Altcoin
Developers
Reddit
Taxes
Shiba Inu
'I anti-endorse these projects' — Buterin's shitcoin war sees him sent another 250K
Ethereum co-founder Vitalik Buterin's latest salvo against “shitcoins” has ended up with him simply being sent more of it.
09.03 / 18:27
markets
Ripple
XRP
Altcoin
SEC
Tech Analysis
Why is XRP price up today?
XRP price extended its gains on March 9, rising around 1.5% to $0.40, despite a general downturn in the cryptocurrency market.
08.03 / 05:09
07.03 / 17:13
Investments
Trading
Altcoin
Bitcoin
recovery
Recapping Cointelegraph Markets Pro’s Crypto Winter Recovery Summit
On its live summit, “The Crypto Winter Recovery Plan,” Cointelegraph Markets Pro revealed how traders could have mostly avoided a gut-wrenching 75% pullback in the crypto market while securing mind-boggling gains.
07.03 / 17:13
defi
Hackers
hacks
Altcoin
Decentralized Exchange
Exploit
DeFi lender Tender.fi suffers exploit, white hat hacker suspected
An alleged ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi, leading the service to halt borrowing while it attempts to recoup its assets.
06.03 / 00:41
markets
Altcoin
EOS
Price Analysis
Bitcoin
Bitcoin Price
EOS, STX, IMX and MKR show bullish signs as Bitcoin searches for direction
The United States equities markets made a strong recovery this week but Bitcoin (BTC) failed to follow suit. This means that cryptocurrency investors stayed away and could be worried by the ongoing problems at Silvergate bank. These fears could be what is behind the total crypto market capitalization dropping to nearly $1 trillion.
02.03 / 22:53
Blockchain
Adoption
defi
Altcoin
Celo
Celo president Rene Reinsberg explains why the protocol is optimizing for mobile
On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to discuss the regenerative finance (ReFi) movement, which focuses on the building blocks of decentralized finance (DeFi) and the principles of regenerative economics. Reinsberg also explains how Celo intends to stay relevant in the multichain world of layer-1 blockchains and layer-2 networks.
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