Latest Altcoin News
More than 3.8 billion Shiba Inu (SHIB) tokens were burned and permanently eliminated in the five days following Shibarium’s beta launch. According to the Shiba Inu burn tracking site Shibburn, SHIB’s burn rate exploded by 1,316.43% on Tuesday, with the memecoin burning a total of 452,950,434 tokens in the 24-hour period between Monday evening and […]
Bankrupt crypto lender Voyager Digital moved 270 billion Shiba Inu (SHIB) tokens to top US crypto exchange Coinbase in a 12-hour period this week, according to the blockchain security firm Peckshield. Those 270 billion SHIB tokens were worth about $3 million at time of transfer. Voyager also moved $19 million worth of Ethereum (ETH) and […]
Coinbase just issued an alert to crypto traders, warning it is preparing to end support for six altcoins built on Ethereum. The US-based crypto trading giant says it’s preparing to delist Rally (RLY), DFI Money (YFII), Mirror (MIR), OMG Network (OMG), Loom Network (LOOM), and Augur (REP). The coins will no longer be available for […]
A mysterious investor is scooping up an Ethereum-based (ETH) altcoin that has more than doubled up in price so far this year. According to new data from blockchain-tracking service Lookonchain, an unnamed institution spent $10 million worth of USD Coin (USDC) to purchase 3.4 million Synthetix (SNX), a decentralized asset issuance project, during the last […]
A hacker exploited the decentralized finance (DeFi) platform Euler Finance early Monday morning and stole around $200 million worth of crypto, according to the blockchain security firm SlowMist. Euler Finance, a non-custodial lending protocol built on Ethereum (ETH), acknowledged the hack on Monday, noting that it was working with law enforcement and independent auditors and […]
Institutional crypto investment products suffered their largest weekly total of outflows ever last week, according to digital asset manager CoinShares. In its latest Digital Asset Fund Flows Weekly Report, CoinShares notes that crypto investment products saw a record-setting $255 million in net outflows, representing 1% of the total assets under management. It was the fifth […]
A crypto analyst known for accurately calling Bitcoin’s (BTC) 2018 bottom believes that bullish price actions are in store for Ethereum (ETH), Fantom (FTM) and one low-cap altcoin. Pseudonymous analyst Smart Contracter tells his 221,400 Twitter followers that Ethereum rival Fantom looks ready for an uptrend after completing its corrective move down and breaking out […]
A mysterious Shiba Inu (SHIB) trader pocketed millions of dollars in the wake of the USD Coin (USDC) depegging, according to on-chain data. Blockchain tracking firm Lookonchain says that as the USDC stablecoin lost its peg to the US dollar over the weekend, an unknown crypto trader made a profit of $4.14 million in about […]
Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin designed to stay pegged to the value of one US dollar, fell in value to as low as $0.87 on March 11 following […]
A top Ethereum (ETH) rival is rallying out of a dip ahead of a highly anticipated network upgrade launching tomorrow. Peer-to-peer decentralized storage network Filecoin (FIL) is worth $6.22 at time of writing, up 27.5% in the last 24 hours. Last month, Filecoin announced the launch date of a major network upgrade called the Filecoin Virtual […]