Welcome back to Altcoins at a Glance. Keeping track of the latest developments in the Altcoin Sector is time-consuming, so we decided to distill the latest and most important updates for you. Be updated in under five minutes.
Blue Chip Altcoin Cardano Launches Cardano
- Input Output Global, the team behind Cardano (ADA), has just released a user-friendly self-custody digital asset wallet called Lace.
- The Lace wallet is built on top of the Cardano blockchain and was built to bring the world together on Web3.
- Aside from sending, receiving, and storing tokens on the Cardano, the wallet also has a gallery for NFT collections.
- Lace can connect to Ledger hard wallet.
- Favorite crypto addresses can be saved for easier transactions
- It has a unique feature wherein users can bundle transactions to save on gas fees. This is applicable even on different assets sent to multiple addresses. Aside from gas savings, it will reduce congestion on the Cardano network.
Watch the Lace introductory video if you have an extra 5 minutes:
Binance.US Delist 2 Altcoins
- Binance.US has announced that it will take off a couple of altcoins from its rosters, namely Tron (TRX) and Spell (SPELL).
- It will take effect on April 18, 2023.
- No specific reason was given but Binance narrated possible reasons why a crypto asset can be delisted
- Tron enables content creators to share their work directly with their audience. Its native token is called Tronix or TRX. It was founded in 2017 by Justin Sun.
- Justin is being charged with fraud by the Securities and Exchange Commission (SEC).
Top Wallet for Altcoins Metamask Makes Buying Easier
- Popular self-custody wallet Metamask is making it easier for users to buy crypto. Users can now use multiple payment channels that are available in their region.
- Choices include debit and credit cards bank transfers, and online payment platforms like Paypal
- This is all made possible via the Metamask Portfolio dApp
- Crypto self-custody has grown in popularity due to the collapse of some crypto institutions, like FTX, in 2022.
Developer of the Altcoin King Ethereum Introduces a New Blockchain
- Fabian Vogelsteller, the developer behind Ethereum’s (ETH) ERC-20 and ERC-725, introduces LUKSO, a new blockchain project designed for creative professionals.
- LUKSO is described as a new generation EVM (Ethereum Virtual Machine) blockchain based on Casper PoS. It aims to revolutionize the way brands, creators, and users interact in Web3.
- Read more here
Ripple Partners with Montenegro for CBDC Progam
- The Central Bank of Montenegro has signed a deal with Ripple to develop a Central Bank Digital Currency (CBDC).
- The program aims to use digital currency to give its citizens better financial accessibility
- Ripple is the company behind XRP, one of the top altcoins. It is currently embroiled in a legal battle with the SEC
- Montenegro’s decision to tap Ripple is a testament to the competency of the blockchain and tech company
- Despite the FUD surrounding Ripple, its flagship token has remained in the top 10 crypto ranking.
That is all for the week. See you next week for another edition of Altcoins at a Glance.
Featured Image from Unsplash
