Coinbase posts first profit in 2 years thanks to altcoin bubble
Owing to the surging alt-coins and the ETF hype, Coinbase ended 2023 with a full-year profit of $95 million, a significant recovery from the $2.62 billion loss it incurred in 2022.
Latest altcoin News
The origins of Bitcoin: Altcoins pop up
2011 was a landmark year in the life of Bitcoin, for more reasons than one. The first significant event took place in January that year when block 105,000 was mined.
Investigation reveals altcoin white papers are mostly empty promises
A recent investigation has revealed the shady underworld of white paper writing, and how many projects are focused on finding investors rather than building value.
Crypto exchange Binance delists 4 altcoins
In an effort to protect its users, cryptocurrency exchange Binance announced that it would delisting four cryptocurrency tokens from its platform, effective Oct. 12.
Coinnest execs face bribery charges over unfair crypto listing
Coinnest CEO Kim Ik-hwan and COO Cho have received a total of KRW1 billion ($890,000) worth of BTC and S Coin from the latter’s CEO, a man also named Kim, in exchange for S Coin’s “unfair” listing on the exchange.
Over 90% of altcoins use ‘plagiarized code,’ Chinese researchers find
A report into altcoins has found as many as 90% rely on plagiarized code, with at least 80% of code directly copied from other projects.
BTC Gold delisted over lack of 51% attack compensation
Bittrex has decided to delist the alt coin after its team failed to pay the sum of 12,732 BTG, worth $265,000 in current trading price, as compensation following the infamous 51% attack in May, in which hackers managed to spirit away over 388,000 BTG.
Tokyo-based crypto Spindle moves to London amid police probe
Tokyo-based cryptocurrency Spindle has announced it is withdrawing from Japan and re-establishing in London, amidst rumours of a police investigation in Tokyo into its alleged unregulated token sales.
BitConnect vanishing soon from the face of crypto world
Cryptocurrency exchange TradeSatoshi announced that it is removing 10 altcoins from its platform effective Sept. 10, 2018. Among the coins to be delisted is BCC, which reportedly still has a market capitalization of over $6.6 million—an incredible feat given that the token is practically worthless now.
Crypto market daily report – July 20, 2018
Bitcoin Cash experienced a slight pull back to below the $800 level and even went as far as the $760 level, but the currency then experienced a mini rally with the price settling at just under the $800 mark on Friday morning.
Double-spend bug, ‘wash’ trading: More controversies hound Tether
Red flags have been raised yet again concerning 'stablecoin' Tether. This time, analysts have issued warnings against a potential double-spend bug as well as a possible case of price manipulation.
Turcoin founders flee Turkey with millions in investors’ money
Turkish investors are reeling from reports that the founders of Turcoin, described as Turkey’s “national” crypto, fled the country with their money.