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A bus driver in northern Italy abducted 51 children and their chaperones Wednesday, ordering the children’s hands to be bound and threatening them with death during the drive, before setting the vehicle on fire when he was stopped by a Carabinieri blockade, the AP reports. Officers broke the glass in…
Already queasy over the college admission scandal? You might want a paper bag. Lori Loughlin’s daughter not only said last year she was at the University of Southern California just to party—she joked in 2018 that she was “never” at high school, People reports. “I’m, like, excited to go……
Students across a warming globe pleaded for their lives, future and planet Friday, demanding tough action on climate change, the AP reports. From the South Pacific to the edge of the Arctic Circle, angry students in more than 100 countries walked out of classes to protest what they see as…
Young people around the world are not interested in excuses when it comes to dealing with climate change.
CNN.com – RSS Channel – World
A three-story building housing school collapsed Wednesday morning in Lagos, Nigeria’s commercial capital, officials and eyewitnesses told CNN.
CNN.com – RSS Channel – World
Police in Brazil say Wednesday’s school shooting near Sao Paolo was apparently inspired by another massacre that involved two shooters: The infamous 1999 Columbine school shooting in Colorado. The shooters at the Raul Brasil school in Suzano, who killed at least five students and two adults after storming the institution…
At least eight people were killed Wednesday in a shooting at a school near Sao Paulo, Brazil, according to the country’s military police.
CNN.com – RSS Channel – Regions – Americas
More than a dozen children were killed Wednesday when tragedy struck two schools in different parts of the world. Two gunmen opened fire at a school in southeastern Brazil, near São Paulo, the BBC reports. Officials say at least six students and two employees were killed. About 1,000 primary…
Viacoin. Groestlcoin. Steem. Enjin. Civic. Long forgotten altcoins and dormant shitcoins have been having a fun week. Left, right, and center altcoins have been popping off, producing 100%+ gains for those fortunate to have been holding a bag. The question on many traders minds is whether these movements are isolated events or evidence of something greater on the horizon. Could this signal the imminent return of alt season?
Altcoins Keep Popping Off Like Champagne Corks
Trading volume remains muted and BTC is still stagnant, but in other respects, 2019’s cryptocurrency market has escaped the barren wilderness that closed out the previous year. Across the cryptosphere, there have been green shoots of growth, and in some cases those shoots have become beanstalks and ascended to the heavens overnight. On March 11, viacoin (VIA), which has languished in the crypto doldrums for months, went stratospheric, rising by over 80% in just a couple of hours.
A couple of days earlier, it was another altcoin with a Dutch connection, groestlcoin (GRS), that embarked on a moon mission, shooting up by over 200%. While movements of this magnitude have not been mirrored across the board, they are by no means isolated cases. In recent weeks, traders have become accustomed to awakening to news of another random altcoin doing a 2x. Notable examples include cosmo (up 471% for the year to date), enjin coin (318%), inocoin (343%), metadium (301%) and theta (219%).
Alt Season or Uncorrelated Events?
Popular wisdom holds that alt season occurs when cryptos begin recording significant gains in unison, with movements occurring wholly on speculation rather than fundamentals, prompting BTC’s dominance of the entire market to slip several percent. That hasn’t occurred yet, with bitcoin stubbornly clinging to a dominance of around 51.5% since the start of the year. Alt season is not back, therefore, despite the fact that half of the coins in the top 50 by market cap have posted double-digit gains for the year to date, the majority by 25% or greater. Just two of the gainers from this list – dash and monero (4% apiece) – are in single figures for the year, and the biggest winners from the top 50 – ENJ, THETA, BNB, and CRO – have notched up triple-digit growth.
While the explosive growth of altcoins such as viacoin appears unrelated to project fundamentals, other surges are easier to attribute. Groestlcoin has just announced a fiat-crypto debit Mastercard, while Enjin has confirmed a partnership with Samsung that’s believed to be tied to the cryptocurrency wallet that will ship with the Galaxy S10. The impressive growth of Binance’s native token has also been fueled by solid development work, including the platform’s forthcoming DEX and increased merchant acceptance. The cryptosphere hasn’t entirely lost its mind then: most of the altcoins popping off can be correlated, at least loosely, to tangible events. Even with this knowledge, however, predicting the next coin to pull a 2x or 3x remains little more than a crapshoot.
Do you think alt season is likely to return soon, or will the crypto markets take longer to recover? Let us know in the comments section below.
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A Florida high school baseball coach and his wife were killed in a freak accident Sunday while trying to get a hurricane-damaged field ready for baseball season. Authorities say Liberty County High School coach Corey Crum and wife Shana Crum, a school district health aide, were electrocuted while replacing a…