Altcoin

While Bitcoin (BTC) exchange-traded funds (ETFs) are gaining traction in Canada, new competitors for Grayscale emerge, as the company is increasingly eyeing altcoins.

The coin that could well be the memest of all memecoins, dogecoin (DOGE), continues swimming in the sea of red today alongside the rest of the market. Meanwhile, Tesla supremo and the mover of markets Elon Musk seems quite amused by a rumor of a US Securities and Exchanges Commission (SEC) investigation.

Bitcoin price is consolidating below the USD 51,500 and USD 52,000 resistance levels. Ethereum is stuck in a range below USD 1,665, XRP is now well below the USD 0.500 resistance. ENJ and FTM gained over 20%.

Police in China are warning that digital yuan-themed scams are starting to appear in the country – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes.

Today, major crypto exchange Binance tested its new initial exchange offering (IEO) format with the sale of AC Milan Fan Token (ACM) built on the Chiliz blockchain.

The masterminds of the Crypto.com app say that their platform is experiencing “accelerated growth,” and is now expecting to reach the 100 million user mark by 2023, a milestone that it claims is a “full two years ahead of schedule.”

The money transfer firm MoneyGram claims its support for Ripple is still in place, despite an announcement that it will suspend the receipt of “market development fees” – but the two companies endured a bitter fate on the stock market, with the former’s stocks (many of which are Ripple-owned) taking a plunge.

Japanese men aged 30-49 are increasingly finding themselves the target of sophisticated crypto scams that pry on love-hungry users via dating apps – with a national watchdog stepping in with a warning to be mindful of the risks of investing in tokens on the advice of strangers.

The price of CRO, the native token of Crypto.com Chain, doubled in a few hours as Crypto.com said it will burn CRO 70bn as they're preparing for the CRO Chain Mainnet launch.

This week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins remains positive at 6.25 out of 10, but it is slightly lower compared to the previous week’s 6.43, according to crypto market sentiment analysis site Omenics data.