In our “Altcoins” section, we cover news, updates, and market trends related to alternative cryptocurrencies beyond Bitcoin. Here you will find information about popular altcoins, new blockchain projects, and the technologies driving the altcoin ecosystem. Read the “Altcoins” section on ForkNews to stay updated on the latest developments across the crypto market.
Initially, in the first weeks of November, the price of Bitcoin Cash (BCH) rose. Investors have begun to accumulate the asset ahead of the upcoming fork and network split, during which holders of the main asset will also receive a new cryptocurrency, BSV. Why did the price drop by 81%?
Last week, someone from a single address moved more than 35 million Litecoin tokens in 24 hours, representing 60 percent of the coin's total market capitalization. However, trading on crypto platforms has nothing to do with this transaction. It is possible that this is an over-the-counter transaction.
According to the project's lead engineer, Bitcoin SV's scalability ensures that it will one day be able to serve billions of people on a daily basis.
Daniel Larimer, CTO of Blockchain and developer of EOS Block.One, is known for his habit of jumping between projects and or even creating a new coin if the previous one is not very successful. And now Larimer plans to develop a new cryptocurrency project.
Singapore-based cryptocurrency exchange KuCoin has partnered with Israeli financial services company Simplex to give users the ability to purchase cryptocurrency using credit and debit cards.
Following its acquisition by the TRON Foundation, BitTorrent announced that it will now accept TRON (TRX), Binance (BNB) and Bitcoin (BTC) cryptocurrencies as payment for services such as a Pro account and disabling advertising.
The next, seventh rating of cryptocurrency projects was published by the Chinese Center for Information Technology Industry Development (CIID).
Despite the Bears' dominance, the situation could change as they begin to lose momentum.
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