The cryptocurrency market provides investors with another day of 'altseason' as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism attracts the attention of miners and retail 'Robinhood' investors. Data from …

As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible. Since May 5, EOS price has rallied more than 100% following a recent protocol upgrade that increases the project's inflation rate. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $6.18 on May 5, the price of EOS has catapulted more than 100% to a mid-day high of $12.85 on May 6 thanks to a record $15 billion in 24-hour trading volume. Protocol …

Bitcoin (BTC) price witnessed a sharp dump to $50,900 on April 18, which some analysts attribute to a drop in hash rate and rumors of possible action by United States regulators against unnamed “financial institutions” alleging crypto-related money laundering. While it is difficult to pinpoint a single reason, the sale of roughly $5 billion worth of COIN stock by Coinbase executives could have also played a major role in the fall. Insider selling, especially just a few days after a high-profile listing is considered a bearish sign. After this most recent pullback, investors will be on the fence on whether …

On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside. EOS initially made headlines during the ICO craze of 2018 when its parent company Block.one raised a record $4 billion in funding to create the EOSIO software and in the past three months, the altcoin has nearly tripled in value. Data from Cointelegraph Markets and TradingView shows that since trading at a low of $2.43 on Jan. 27, the price of EOS has climbed 245% to set a multi-year high of $8.47 on …

Historical trends act as a gauge for traders to assess the possibilities for the future. April has been a bullish month for Bitcoin (BTC) with eight monthly closes in the green and only two instances of negative returns. Danny Scott, the CEO of the Bitcoin exchange CoinCorner, said that Bitcoin could rally to $83,000 if it emulates its average April return of 51% as it had over the past 10 years. This could be one of the reasons why miners have started holding their positions instead of selling at the current levels. Lex Moskoviski, the CIO at Moskoviski Capital, recently …

A rising tide lifts all boats — even those previously thought to be shipwrecked. At least that’s how it looked on Wednesday when some previously dormant altcoins erupted back to life, experiencing spikes ranging between 3,000% and 6,500% for the week. Foremost among them was Karma (KARMA), a social media project that originally launched on the EOS blockchain in 2018. Over the past seven days, the dollar value of Karma increased 6,530% as the token climbed from a subcent price of $0.000464 up to $0.030767. Trade volume spiked 35,400% over the same period, but don’t assume that means liquidity is …

Video games and online gaming have become some of the largest industries on the planet over the past 30 years as digital technology and the internet have interconnected people from around the world and transformed us into a global society. Decentralization and blockchain technology are gathering steam as a transformative new way to operate and build an ecosystem, and Ultra is one gaming-focused project that has been gaining momentum in recent months. Ultra, a blockchain-based PC game distribution platform, is created for gamers and game developers and allows users to develop multiple revenue streams, including the ability to resell games …

Daniel Larimer, former chief technology officer of Block.one and a co-founder of Block.one and Steemit, has revealed his next project, called Clarion. The project is meant to become a mobile-first decentralized social media platform, supporting all types of social features like personal messaging via text and video, publishing content to followers or having Discord-like voice chat rooms. According to Larimer, Clarion “learns lessons from other projects,” including the initial idea for Steemit and Voice, two social media projects he launched or backed. According to him, the two previous attempts at decentralized social media were “logically centralized” and required “all full …

Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020. This signals that traders owning Bitcoin are not selling their holdings. While the supply is shrinking, demand has been going up in the past few months as an increasing number of institutional investors have been buying Bitcoin. Bloomberg recently reported that Morgan Stanley Investment Management’s subsidiary Cointerpoint Global “is exploring whether the cryptocurrency would be a suitable option for its investors.” According to Morgan Stanley’s website, Counterpoint Global chooses to …

EOS has largely under performed during this crypto rally and has dropped out of the top ten by market cap, but one industry executive believes it could be one of the best risk/reward digital assets right now. Chartered Financial Analyst and Arca CIO Jeff Dorman made the assertion based upon Block.one’s extensive Bitcoin holdings. Before delving into that, Dorman observed that EOS is the only major crypto asset apart from XRP that has not made significant gains during this rally. Over the past twelve months, EOS prices have declined by 26%, with losses recently accelerating due to the resignation of …

During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC). As this trend gathers speed, investment banks have also decided that they do not want to be left behind. A recent filing from Morgan Stanley shows a purchase of a 10.9% stake in business intelligence firm MicroStrategy, a move that was likely made in order to gain exposure in Bitcoin. With 70,470 Bitcoin in their possession, MicroStrategy has …

Daniel Larimer, the CTO of EOSIO developers block.one and founder of early crypto exchange Bitshares and blockchain-based social media platform Steem, announced in a short blog post today that he has resigned. “[I] am proud of the EOSIO software I was able to create and launch with the help of an extremely talented group of engineers. Alas, all good things must come to an end. As of December 31, 2020 I have resigned my position as CTO of block.one,” the post read. While the post didn’t specify a reason for the departure, his recent social media activities may hint at …