Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Jump Crypto offers Solana devs up to $1M in bug bounties to find vulnerabilities in the Firedancer validator client. Program runs from July 10 to Aug 21, 2024. Firedancer can process over 1M transactions/sec, boosting Solana’s reliability. #Solana #Update
Multicoin Capital will match all Solana ($SOL) donations to the Sentinel Action Fund up to $1M until July 14, 2024. This supports pro-crypto Senate candidates Sam Brown, Dave McCormick, Bernie Moreno, and Tim Sheehy. #Update #CryptoPolitics
Ripple’s XRP sees whale movement of 37.39M tokens to Bitstamp before Ripple vs. SEC case conclusion. Fred Rispoli predicts case end by July 13 or 31. XRP faces resistance at $0.4250, struggling below 100-hourly SMA. Regulatory clarity crucial for crypto’s future. #XRP #CryptoNews
Justin Sun announces @TRONfoundation’s fee-free stablecoin transfers launching Q4 2024. Initially on TRON, expanding to Ethereum. With $58B in stablecoin capitalization, this move could boost adoption. TRON leads P2P payments with nearly double Ethereum’s transactions. #CryptoNews
Tron’s @justinsuntron to launch gas-free stablecoin transfer solution on Tron in Q4 2024, expanding to Ethereum and other blockchains. This could cut transaction costs and boost stablecoin adoption. #CryptoNews #Stablecoins #Update
Cardano ($ADA) surged 3.4% in 24 hours, reaching $0.3571 amid a broader market recovery. Whale accumulation and technical analysis suggest a bullish trend with potential resistance at $0.50. Market cap stands at $12.6B. #Update #Cardano
Shiba Inu’s lead dev, Shytoshi Kusama, to visit Mumbai after a successful IVS Conference in Kyoto! Kusama’s public debut in Japan, masked and in a samurai outfit, thrilled the SHIB Army. Mumbai event to feature interactive sessions on future projects, marking a major milestone for $SHIB. #Update
XRP, @Ripple’s native token, rose 4.3% in 24 hours despite market volatility. Technical indicators are mixed, but a bullish crossover between 5-day and 20-day averages is notable. Current price: $0.43. #Crypto #Update
#Update: $SHIB surged 10% after 360M SHIB were burnt this week, increasing the burn rate by 418%. The total supply is now 589.27T SHIB. Prices rose 15.30% to $0.00001539, and futures open interest grew 8.45% to $34.53M. RSI around 30 indicates downside pressure.
Celsius Network is suing users who withdrew funds before its bankruptcy, using clawback provisions to target “fake profits.” Ripple CTO David Schwartz says principal is usually safe unless insider info is involved. Users face severe financial and emotional impacts. This could set a major crypto industry precedent. #CryptoNews
Polkadot’s ecosystem shows resilience with 33% transaction growth, driven by One Frequency and Mythos Chain. Unique addresses with non-zero balances rose to over 7M. $DOT #Crypto #Updates
Hackers are exploiting vulnerabilities in older Rejetto HFS versions to install Monero mining malware. AhnLab highlights attacks using XMRig, XenoRAT, and Gh0stRAT. Rejetto warns against using versions 2.3m-2.4. #CyberSecurity #Update
Nigerian trader Femi Akinola returned 90 SOL after receiving 100 SOL instead of $100 in a contest prize from The Crypto Network. Akinola’s honesty boosts trust in crypto, keeping 10 SOL as compensation. His actions aim to deter harmful schemes. #CryptoCommunity #Update
Renowned XRP whale offloads 71M $XRP to exchanges, impacting price. $XRP dipped to $0.39, with recent 10.15% drop. RSI suggests rebound potential. Pro-XRP lawyer Bill Morgan’s buy offers optimism. Whale activity highlights $XRP’s long-term significance. #Update
