Altcoins Gaining Bullish Momentum
Innovations in money have made it possible for transactions using digital currency in the decentralized network without any interference. With the current pandemic Crypto space, specially Bitcoin has been facing a turbulent shift from bearish pull to a bullish run. Yet it can be seen that the Altcoins are enjoying a bull ride along with a massive plunge in the web traffic.
Today’s newsletter consists of a few lesser known Altcoins enjoying a bull ride, development in UK’s Crypto regulations, and a few insights on Crypto exchanges.
#1 Bullish Altcoins
Although bitcoin still remains static many Altcoins are taking alternate routes to either make massive gains or sink in the process. Head on to read the top gainers within the last 24 hours before you trade. Also must read how Waves and IOTA joins the top gainers list.
#2 Alertness, A Hidden Discipline
Coinbase, which is one of the largest exchanges in the world with more than 35 million users worldwide, noticed the attack on the addresses and prevented over 1100 customers from sending 30.4 bitcoins to the mentioned address worth about $280,000. Gotta read the story.
#3 Web Traffic Jam!
Coingecko recently published a Q2 report on the massive plunge in web traffic. Almost 20 exchanges experienced an increase in Web traffic with an average increase of 11.4 %. Binance recorded a hike of 9% while OKEx saw a surge of 239% in Web Traffic. Read to know more on the inorganic web traffic.
#4 Crypto Advertising!
The crypto service providers should go through a regulatory passage before promoting their cryptocurrency products, calls out a Whitepaper presented on Monday. The Economic Secretary to the Treasury & City Minister, John Glen said that they are required to keep track of the promotions as unaware people might end up losing money. Read the proposal mentioned in the Whitepaper.
#5 Amidst Altcoin season, Bitcoin Loses The Trend
A crypto analyst elaborates that the BTC inflows into crypto exchanges are at ‘severe lows’. Analysts also reveal that whenever there is a severe low of inflows into bitcoin exchanges, we witness major sell-off. Although there’s a global term for traders, ‘buy low, sell high’, yet these traders seem not to invest even when the price is at its low mark. Read to know why?
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