Time for altseason? Analysts say altcoin market is near ‘momentum bottom’

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Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations.Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval.First tests are expected to be carried out…

Cryptocurrency-friendly internet banking app Revolut plans to launch in the United States later this year, the company has confirmed.Mastercard joins Visa support for RevolutIn a press release on Oct. 22, Revolut said its expanding partnership with Mastercard would allow it to enter the U.S. market by the end of 2019.United Kingdom-based Revolut has offered consumers…

The research arm of Japanese technology giant Sony announced it had created a contactless cryptocurrency hardware wallet in a press release Tuesday, Oct. 23.The as yet unnamed device utilizes IC smart card technology popular in Japan to communicate with the Bitcoin (BTC) or other cryptocurrency network.The advantages, according to developers from Sony Computer Science Labs…

Blockstream CEO Adam Back — inventor of the hashcash Proof-of-Work (PoW) system later used in Bitcoin’s (BTC) mining algorithm — has controversially compared Ethereum (ETH) with the now-defunct biotech startup Theranos.  As part of a Twitter exchange published on Nov. 26, Back claimed that Ethereum’s allegedly overweening promises could be compared to the failures of Theranos.…

On Tuesday Bitcoin (BTC) bulls mustered enough strength to push BTC price slightly above the $12K mark, a level not seen since Sept. 1. Cryptocurrency daily market performance snapshot. Source: Coin360The move occurred after Monday’s (Oct. 19) high volume surge to $11,822 was followed by continued buying into Tuesday, providing enough momentum for bulls to push…

Today stablecoin network PegNet cleared $500 million dollars in conversions, according to data from PegNetMarketCap.com. This means a half-billion dollars in value has moved over the platform’s rails since it launched in August 2019.PegNet is a decentralized non-custodial network of tokens that are pegged to different world currencies and assets, including gold, the euro, and…

Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse also expressed their sentiments over US regulation at the Dubai Fintech Summit. 133 Total views 3 Total shares At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates' infrastructures and how they can be…

Data from decentralized app tracking platform DappRadar shows that $600 million in investments flowed into the blockchain gaming space in the third quarter of 2023. 41 Total views 1 Total shares Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being