Altcoin (alternative coin) is a term used to describe all cryptocurrencies except bitcoins. Their name comes from the fact that they are an alternative to bitcoin and traditional fiat money.
The first altcoins were launched in 2011, and today there are already thousands of them. Early altcoins were aimed at improving aspects of Bitcoin such as transaction speed or energy efficiency. More recent altcoins serve different purposes depending on the goals of the developers.
Altcoins, or alternative cryptocurrencies to Bitcoin, are making headlines daily with their innovation and volatility. Staying informed about altcoin news is essential for investors, traders, and enthusiasts to navigate the crypto market effectively. In this article, we delve into the latest developments, trends, and expert insights in the altcoin world. What Are Altcoins? Altcoins refer…
Almost nobody pays crypto taxes. This is the conclusion reached by the Swedish tax company Divly in a new study. However, the working methods of the investigation possibly caused a badly distorted impression. Recommendation: Tax crypto profits in Germany: How to reduce taxes No one pays crypto taxes? The proportion of crypto investors who pay statutory taxes on…
The Swiss PostFinance will soon be selling its customers Bitcoin and Altcoin. The fact that the country’s fifth-largest bank is now entering the young industry should be a good sign for the crypto market. The company wants to meet the demands of its own users in this way. PostFinance is a subsidiary of Swiss Post and…
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) seems to be going in the crypto company’s favour. The cryptocurrency firm recently requested that the decision be considered in Voyager’s bankruptcy case in its ongoing litigation. There, Judge Michael Wiles had approved a settlement because there was insufficient evidence to address the…
Market analyst and influencer Lark Davis has once again dealt with altcoins and is convinced that some will have a great future. In any case, he invested himself. Here is his choice: Polkadot The Polkadot Ecosystem ( DOT ) recently took over the Parachain auctions from its Canarian network Kusama. Participants now have the opportunity to use their DOT tokens…
Today on Friday, September 24, prices of all cryptocurrencies have plummeted amid the announcement by China’s Central Bank that all crypto-related transactions are illegal and must be banned in the country. Before China’s announcement, most cryptocurrencies were indicating good signs of recovery after the Monday crash, which wiped almost $200 million from the cryptocurrency market. On Friday…