The MintPal Fallout, Viacoin's Big Haul and an Altcoin for Kids

From new service launches to catastrophic conclusions to altcoin projects, the ups and downs of the altcoin ecosystem still show no sign of abating as we head into the final days of July.

"When someone is faced with a critical question like this with very little decision-making time it is very difficult to make a wise decision. We quickly analyzed the blockchain and determined that if the coin count was above 6 million coins it was able to attack the coin by mechanism of a 51% attack. That left us with only two options: Fork or to blacklist the new addresses in a wallet update and hope people upgraded before the thief sent the coins to new addresses."

Notably, Nosker said that the developers had no stake in the large amount of stolen coins, confirming earlier statements that the move was designed principally to protect investors keeping funds on MintPal.

Viacoin presale raises 610 BTC. A new altcoin project attracted more than 600 BTC in a pre-sale prior to the launch of the block chain.

Developer BTCDrak said on the official viacoin blog that services for viacoin will be the focus until ClearingHouse is released, which will also include its own internal currency.

Poloniex owner Tristan D'Agosta explained that, in part, the launch is a step toward centralized exchanges in the altcoin space offering more than just coin pairs.

A new coin is hoping to capture the imagination behind the Tooth Fairy by creating a strange yet potentially effective means of distributing digital currencies.

Instead of using paper money or coins, kids who lose their teeth can receive an altcoin instead. For this unusual distribution method, toothfairycoin has won this week's Strange Alt of the Week award.

At it's heart, the coin seems to be about injecting a bit of fun and imagination into the altcoin world.

Please do your own extensive research before you consider investing in the altcoin space.