Altcoin

Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?

Earlier this week, Tether (USDT) was making headlines for flippening XRP and taking the number three spot for largest cryptocurrency by market cap. Confidence in the leading stablecoin seems to have returned, despite Tether and Bitfinex still being embroiled in two ongoing court proceedings — one of which relates to an $850 million cash loan …

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1000 Corporate Systems Infected With Monero Mining Malware

The Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019. The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26. The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and exploits a vulnerability …

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Tether Unseats XRP As Third-Largest Crypto, Dwarfing Its Volume 25:1

Tether (USDT) has overtaken XRP to become the third largest cryptocurrency by market capitalization, as Ripple fails to gain adoption amongst retail investors. Top 10 Cryptocurrencies by Market Capitalization. Source: CoinMarketCap As for Ripple (XRP), it’s been a race to the bottom, its market cap has collapsed from a high around $130 billion in January …

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Analyst Is ‘Surprised’ There Hasn’t Been a Large-Scale Attack on Bitcoin Cash Yet

Yassine Elmandjra, a crypto asset analyst at ARK Invest, said in a May 24 tweet that the Bitcoin Cash (BCH) hashrate fell by 30% since its halving event, and only accounts for about 2% of the SHA-256 hashrate. Elmandjra now thinks it’s only a question of time before somebody takes advantage of the network: “Surprised …

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Industry at a Crossroads, Crypto Enters Fourth Phase of Development

The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. Researchers at American venture capital firm Andreessen Horowitz say the 11-year old industry is in its fourth supercycle with the three previous epochs culminating in distinct developments that have gone on to …

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Tyler Winklevoss: Stablecoin Race to Begin When Wall St Embraces DeFi

Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo. However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto industry currently does not …

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‘Coinbase Listings’ Return: 200% OmiseGo Pump and Dump Raises Eyebrows

Controversy has returned to cryptocurrency exchange Coinbase after an altcoin it listed surged 200% in 15 minutes — only to crash immediately afterward. Currently a topic of interest on social media, Coinbase’s listing of OmiseGo (OMG), the 34th ranked cryptocurrency by market capitalization, also sparked familiar accusations of insider trading. Coinbase ‘premium’ reaches 80% “OmiseGO …

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Crypto Healthcare Project Announces Telehealth Exchange for Remote Medicine

Cryptocurrency healthcare startup, Solve.Care, recently launched a blockchain remote medicine platform. According to an announcement sent to Cointelegraph on May 22, Solve.Care announced a new marketplace that allows users to consult medical practitioners anywhere in the world. It’s called the Global Telehealth Exchange, or GTHE. GTHE is meant to also provide physicians with a way …

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Travala.com’s AVA Token Added to Crypto Payment Service CoinGate

Travala.com’s proprietary token (AVA) joined the list of crypto assets accepted by cryptocurrency payment processor, CoinGate. According to an exclusive announcement sent to Cointelegraph on May 21, CoinGate has integrated Travala.com’s native AVA token into its payment system — reportedly used by over 5,000 merchants. CoinGate users will now also be able to buy AVA …

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Binance-Backed Crypto Travel Firms Travala.com and TravelByBit Merge

Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced a merger of their platforms. According to an announcement on May 20, Travala.com and TravelByBit will merge to become a platform allowing users to book from over 2 million hotels and 600 airlines. An initiative backed …

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