Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
CLOSE

Altcoin News

Dogecoin Up 40%, Bitcoin Eyes $7,300 In A Week Full Of Reds And Greens

Published

on

Yesterday, we welcomed the month of September – and it seems like the crypto market did too with its recent gains. After the long downward trend in spite of the Bitcoin ETF rejections, Bitcoin has recovered from below $6,500 to a new high of $7,286, demonstrating strength and going solidly in the green.

As the largest cryptocurrency continues to climb steadily over the $7,000 mark, it also sees 2.72% gains over the past 24 hours, as the data from CoinMarketCap shows.

Even though the US Commodity Futures Trading Commission (CFTC) reported a decline in bearish positions for non-commercial Bitcoin futures contracts, the price of Bitcoin grew just like Ethereum (ETH), which is grazing the $300 price point and trading at $293.72.

However, neither Bitcoin (BTC) nor Ethereum (ETH) can steal the show of the meme-based altcoin Dogecoin (DOGE) which surged by more than 60% in a single week, after it entered Ethereum’s system in a project that is dubbed ‘Dogethereum’ with a demo set to take place on September 5th. Currently, Dogecoin is down 12% but still trading at $0.004992 and correcting with a tremendous incline.

In the top ten coins, Bitcoin Cash (BCH) and Litecoin (LTC) have seen the most greens and are up 14.7% and 8% accordingly. The wave of green is still present, even though there are a couple of declines as we are ending another week – and starting a new month that will (hopefully) bring a lot of good news and positive movements.

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments
Advertisement

Altcoin News

Most Cryptocurrencies Report Slight Losses, Bitcoin Cash Grows Continuously

At the start of the week, today, Monday 18th, most of the top 20 cryptocurrencies are experiencing some slight losses and in today’s altcoin news we take a look at the crypto market price analysis. The number one cryptocurrency dropped down by one-tenth of a percent today and is now trading at $4,024 according to the data from CoinMarketCap. If you take a look at the weekly chart, the current price is higher about three percent than $3,906 which was the price at the start of the week. Ethereum (ETH) is still the largest cryptocurrency by a market cap which reached up to $14.6 billion. ETH is down by one percent over the past 24 hours. Currently, ETH is trading around $139 after starting the day at $140. On the weekly chart, Ethereum saw some increase action by more than four percent. The second-largest altcoin Ripple lost about three-quarters of a percent over the past 24 hours and is currently trading at $0.315. By looking at the altcoin’s weekly chart, we can see that the current price higher by a one and a half percent than $0.310 which was the starting price of the week. Among the top 20 cryptocurrencies, Bitcoin Cash (BCH) is the one altcoin that experienced growth by more than 5 percent. Dash and Maker both increased by one and a half percent. The total market cap of all cryptocurrencies is now $139.3 billion which is higher by four percent from its position a week ago. Among the other altcoins which see green are Digitex Futures and Lisk, both surging by 17% on the day. The other token of Crypto.com, MCO, is also up 17% right now. It is also important to make a comparison between the crypto and the stock market. The stock market also achieved some slight gains today after the S&P 500 increased by 0.15 percent and Nasdaq by 0.17 percent. The CBOE volatility index also gained a little less than 3 percent to press time. On the EU market, we can also notice that shares at Deutsche Bank and Commerzbank jumped by 3 percent after the banks announced a possible merger. The oil futures show mixed movements today after the WTI Crude increased up by 0.05 percent and Brent Crude increased 0.22. Opec Basket is also up by 1.04 percent.
`
Continue Reading

Altcoin News

MakerDAO Will Focus On Security Tokens For Their New Feature Rather Than BTC

The CEO and founder of MakerDAO Rune Christensen attended MIT Bitcoin Expo where he explained more about the status of Maker DAO’s release. So for that reason, in today’s cryptocurrency news we read more about it. Rune talked about the Dai release having two key features but most importantly the addition of other collateral types. He says:
 “The first one is that it can support multiple collateral types. This, of course, means ERC-20 tokens. It also means Bitcoin through WBTC. A range of cross-chain assets that are emerging now. Also, there will be other stablecoins. Centralized stablecoins that already exist on the Ethereum blockchain. But most importantly, security tokens.”
The MakerDAO foundation initially owned all of its MKR tokens but as Rune explained, they sold them off to multiple huge players in the EthereMum world in order to fund teams of 100 people. He says that MKR exists only to be able to vote in the system. The system rewards people who hold CDPs and when everything goes well, the MKR total supply is reduced, tokens get burned off and the value of the remaining tokens increases. Dai is extremely unique and some consider it as the real stablecoins, unlike the pegged coins. Dai is built on an open system so people who invest in cryptocurrency can access the stability of the Oracle system. Christensen also explained how real security tokens operate better in the world of traditional assets. He said:
 “Security tokens are still something that is quite new. But what that really represents to Maker is the ability to now interact with real-world assets. The ability to interact with real-world finance and provide arbitrage opportunities between the traditional finance world and the tokenized world. That means that in the future the Dai will not just be backed by volatile cryptocurrencies, but things like real estate, bonds, and stocks.”
The most important way to use Dai is as a stablecoin. If anything happens to the Ethereum network, there could be some negative consequences to the market but MakerDAO couldn’t get in a worse position than the one last year.
`
Continue Reading

Altcoin News

Tether’s Reserves ‘’May Include Assets Other Than Fiat Currency’’: Website Update

Despite the hundreds of scandals over the past years regarding the controversial USDT token, the brand new one sees the website of the company silently updating the terms by stating that the reserves of the company ‘’may include assets other than fiat currency.’’ Let’s find out more about this dubious update in today’s blockchain news. According to the web archive from February 19, 2019, Tether explained on the website that each tether token is backed 1-to-1 by a traditional currency that is held in the company’s reserves. However, on their homepage today we could read something else: “Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD.’’ It is still unknown what are those ‘’other assets’’ but it seems like a part of the USD reserves are held in cryptocurrency. This is not the first time Tether’s USDT reserves are locked up in a controversy because it is widely known about the suspicious nature of the company. Back in 2018 in June, the law firm Freeh Sporkin and Sullivan, LLP published a report where you could read that all of the USDT in circulation was backed by the US dollar completely. The CFO and the General Counsel of Tether even swore to that statement to be truthful. However, there were multiple warnings in the report since there was not a real security audit for the reserves of the company. Also, the new statement issued by Tether on their website is a total contradiction to the FSS report’s findings. Another firm, Friedman LLP was also hired in September 2017 in order to conduct a security audit on the USDT reserves and according to the report, all USDT in circulation were fully backed by fiat. In November 2018, Tether opened a bank account at the Bahamas claiming that the Deltec Bank & Trust Limited conducted a full review on their activities and that $1.8 billion were verified to be held at the company’s bank account.
`
Continue Reading

Altcoin News

Analysis: Bitcoin Finally Pushes Over $4,000 As Other Cryptos Experience Growth

As of today, Saturday, March 16, most of the top 20 cryptocurrencies are reporting noteworthy gains. In our latest altcoin news, the crypto market analysis shows that Bitcoin and other cryptocurrencies are in for a good weekend. Bitcoin (BTC) has gone past the $4,000 price point according to the data from CoinMarketCap. Currently, Bitcoin is up by two percent during the day and is trading at $4,022 at press time. By looking in the weekly chart, the current price is two percent higher than where the price was at the start of the week which is at $3,958. The data gathered from CoinMarketCap also shows that Bitcoin’s trading volume from yesterday, surpassed $11 billion which means that it has reached its highest value since April 25, 2018, when the price of the number one cryptocurrency was at $8,845. Ethereum, on the other hand, is still the largest altcoin by market cap which reached about $14.9 billion. Ripple, on the contrary, has a market cap of about $13 billion at the time of writing. Ethereum (ETH) is up by four percent over the past day and is currently trading around $141 after starting the day at a lower position at $135. On the weekly chart, the value of ETH seems to have increased by more than two percent from 138 which was the price at the start of the week. Ripple (XRP), as the second-largest altcoin gained more than 1.2 percent over the past 24 hours and is currently trading at $0.318. By looking at the altcoin’s weekly chart analysis, you can see that the current price is up by more than a percent which is higher than $0.314, the price at the beginning of the week. Among the top 20 cryptocurrency performers, Bitcoin Cash (BCH) is experiencing some notable growth by increasing in value over 10 percent on the day of writing. The total market cap of all cryptocurrencies combined is now reaching $140 billion which means there has also been some increase of approximately 3.7 percent higher than the value the market was at the start of the week which was $134.8 billion.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below








ADVERTISEMENT

Join us on Facebook

Recent Posts

ADVERTISEMENT



UPCOMING EVENTS RECOMMEND BY DC FORECASTS

april

No Events

NEWS CATEGORIES

ADVERTISEMENT



Trending Worldwide

X
X