Tag Archives: #litecoin

Litecoin (LTC) to be used as a payment option in Atari’s gaming ecosystem

Litecoin (LTC) to be used as a payment option in Atari’s gaming ecosystem

Litecoin Foundation announces partnership with Atari

Litecoin foundation has struck yet another lucrative partnership with gaming giant Atari to promote the use of Litecoin. Atari is widely known for making popular games such as Asteroids, Breakout, and Centipede among others. As part of the partnership, LTC will be accepted as a means of payment for investing in Atari’s own token which will be issued in September 2020. In addition to that users can also use LTC to buy the new Atari VCS gaming console for a discount. The Atari Token will have a list of uses such as managing Atari purchases and playing games in Atari Casino. The token will also be used in yet-to-be-released games where users play against each other.

Fred Chesnais, CEO Of Atari said:

“We Are Pleased To Have Litecoin As A Means Of Payment For The Atari Token Sales. Litecoin’s Ease-Of-Use And Low Transaction Costs Make It A Perfect Fit For Use Alongside The Atari Token And Other Projects.

Litecoin Foundation’s managing Director and creator of Litecoin, Charlie Lee said:

“Many of us remember growing up and playing games from Atari”  “It is great to see Litecoin being used in a variety of different ways within the Atari ecosystem, from purchasing the new Atari VCS gaming console to being used as a way to invest in Atari Tokens. The Litecoin Foundation is excited to see the possibilities a partnership like this can have for not only Litecoin and cryptocurrencies but also the gaming industry and lifelong fans of Atari.”

The Litecoin Foundation is known for striking lucrative partnerships, last year they were featured in UFC 232 and also onboarded Ben Askren as an ambassador for Litecoin. The foundation also became a part of the Hollywood world by sponsoring the Mammoth Film Festival. It will be interesting how Litecoin will actually gain adoption with such partnerships!

Article Produced By
Shrikar

Shrikar is the co-founder of Blockmanity and a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

https://blockmanity.com/news/litecoin-ltc-to-be-used-as-a-payment-option-in-ataris-gaming-ecosystem/

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Litecoin News Today – LTC Price to See Short-term Losses Before Any Major Gains – April 1st, 2020

Litecoin News Today – LTC Price to See Short-term Losses Before Any Major Gains – April 1st, 2020 

 
  • Litecoin price to see losses before posting gains

  • Litecoin price in a make-or-break position

  • Charlie Lee to shift focus to crypto payments and privacy

Litecoin news today – In a new day of mostly sideways price action, a few digital assets have reported moderate gains. The tops coin’s like BTC and Litecoin have posted minor rises in value. Bitcoin gained 2% at the time this content was published as the leading cryptocurrency finds its way back to the $6,500 area. Meanwhile, Litecoin has posted slight earnings of under 1% (0.32%). The coin is now changing hands at $39.08.

Litecoin Price Prediction – The Litecoin Price Will Likely Sink Before Posting Gains

Analyst Alex Clay recently analyzed LTC’s price action. The trader believes that earnings for the digital asset are on the cards. According to the analysis the trader Litecoin price is rising in an ascending channel. The coin has fixed itself over the $39.03 area. Hence, he opted to take a bullish stance for the asset before setting price targets of $39.65 and $40.20 for Litecoin. Another analyst is known as Trading Alchemist also noted that Litecoin’s price has done well after moving from its support of $38.50. Although, he does not believe that Litecoin price will see much gains. Instead, the Trading Alchemist feels that Bitcoin’s performance will determine LTC’s next action. We will likely see LTC price test support at $36.50 and $37. Sharing the Trading Alchemist’s pessimistic outlook for the digital asset, analyst the Crpt Teddy Bear has also admitted that the market has been behaving unpredictably in recent times. Hence, until the Litecoin price can manage to break above the $39.67 area, the trader has chosen to go for a bearish position.

Litecoin Price Prediction – The Litecoin Price is At a Make-or-Break Point

The price action that LTC has seen in the last few weeks forced the Bollinger bands to squeeze via the 12-hour chart for LTC/USD. Since squeezes are a sign of strong breakouts, the point between the lower and upper boundaries is a no-trade zone. The support and resistance sit at $36 and $40. The outlook that Litecoin price presents is well represented in the 4-hour chart for the coin. At this time, a symmetrical triangle seems to be developing. There is a technical pattern that reveals indecision among the market’s participants before a coin’s price is forced to move positively or negatively. In other reports, during a recent episode of Cred’s Meet Our Partners, Charlie Lee, the founder of Litecoin said he plans to make LTC a fully-fledged currency. Lee explained, that the goal is to ensure that Litecoin is usable for our day-to-day transactions.

Article Produced By
Ufuoma Ogono

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

https://smartereum.com/187291/litecoin-news-today-ltc-price-to-see-short-term-losses-before-any-major-gains-april-1st-2020/

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Litecoin News Today – Will Litecoin Hit $100 Despite The Current Bull Run?

Litecoin News Today – Will Litecoin Hit $100 Despite The Current Bull Run?

 Litecoin LTC price is still bullish

  • The $100 mark may be around the corner

  • The bears may return for LTC price to reach $100

Litecoin news today – The Litecoin price is reportedly going bullish again. As of when this content was published the LTC price has crossed the $80 mark and is set to break in the latest spree. The Litecoin price also tested a critical level under $80 thanks to the 4.75% climb it posted in the last 24 hours. Now analysts have turned bullish about the price of Litecoin predicting that it can move up to the $100 mark. While nearly the entire crypto market is in the green today, LTC has now started as one of the top performers. The price of LTC was trading at $82.99 at press time. The bulls are now pushing to break the further after passing the $80 resistance level.

 

Can Litecoin Gather Enough Momentum After Breaking the $80 Mark?

Litecoin News Today – Many analysts are arguing that the LTC bears will hold control before the price of Litecoin can move up to after crossing the $80 mark. However, this seems unlikely. Citing the technical indicators particularly the formation of the rising wedge pattern, the analyst believes that the price of Litecoin price may eventually be struck down, particularly if the coin’s key resistance positions of $80 and $100 fails to materialize on time. If this prediction is accurate, and the price of Litecoin fails to reach $100, then a pullback to $63.66 which is the next support level will be more likely.

RSI (Relative Strength Index) suggests that Litecoin’s price is approaching overbought territory. This does not guarantee a pullback. However, this might be a good time to make a profit. The bulls will remain in control for now, despite bearish indicators. The bulls may have dug into their heels. One analyst Alex_Clay said the Litecoin price is beginning to look like a solid investment. He added that Litecoin’s price has finally broken the range and has increased through the predicted price targets. It is now settling above the major resistance levels.

Litecoin LTC Price May Reach $100 Soon

The analyst’s Litecoin price prediction is shared by LemkeCapital another crypto commentator. LemkeCapital states that LTC price can potentially pump hard. If it manages to close above $85, it will likely run-up to the $100 area. If the coin can break through the above-mentioned resistance level, $150 could be on the horizon. If Bitcoin’s price continues its climb as we approach its halving, LemkeCapital says this may push LTC price to new ATHs. Whatever happens, it appears that the price of Litecoin is determined by its momentum to reach $100.

Article Produced By
Max Mayer

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

https://smartereum.com/186842/litecoin-news-today-will-litecoin-hit-100-despite-the-current-bull-run/

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BlockFi Introduces Litecoin Support to Attract More Customers

BlockFi Introduces Litecoin Support to Attract More Customers

Litecoin remains one of the biggest altcoins on the market today. Albeit its market value might not reflect it per se, the ecosystem is still in a very good place overall.

In a recent development, the Litecoin Foundation partnered with BlockFi.

Another use Case for Litecoin Holders

To most people, that might not necessarily make much of a difference. In the real world, however, things are a bit different. BlockFii is a financial service provider leveraging the potential of blockchain technology. Its focus lies on wealth management products for cryptocurrency investors. With the addition of LTC, Litecoin investors can now earn interest on their holdings, as well as borrow against their LTC portfolio’s value. It is crucial for the crypto industry as a whole to tap into different financial services and products. It also provides LTC holders with more options to make the most of their holdings.

Given how Litecoin tends to disappear into the background during most crypto discussions, this development is rather interesting as a whole. As blockchain technology can unlock new financial products, it is crucial for top currencies to be supported by such providers at an early stage. BlockFi CEO and founder Zac Prince deems it to be a win-win for both parties. Attracting more users is always an ongoing challenge, thus it seems that BlockFi is on the right track.

Article Produced By
JP Buntinx

https://cryptomode.com/blockfi-introduces-litecoin-support-to-attract-more-customers/

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Litecoin (LTC) Releases Draft Proposal For MimbleWimble

Litecoin (LTC) Releases Draft Proposal For MimbleWimble
                 

Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology.

Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.Litecoin (LTC) has published on Github its draft proposal for the MimbleWimble privacy implementation titled LIP 2 & LIP 3. These implementations would allow the network to offer privacy features to users that have been requesting them for a long time. 

Litecoin Releases MimbleWimble Proposal

The 6th largest cryptocurrency in the market is expected to implement privacy features to its network. The MimbleWimble implementation was the most important project Litecoin developers have been working on. According to the draft proposal presented by Litecoin, the first method LIP 2 will focus on Extension blocks. This would not only allow MimbleWimble but it will also effectively increase block size without any change in the consensus. 

It is worth mentioning that the community still has to properly discuss what the extension block size should be for this implementation to take place. The main motivation behind the implementation of privacy features to the Litecoin network is related to the fact that Litecoin is not fungible. Moreover, the extension blocks will run alongside the main Litecoin blockchain. At the same time, a witness program will be implemented to differentiate the extension blocks chain from the parent chain. Furthermore, this will also ensure compatibility. 

About these motivations, Litecoin informed:

“Due to the nature of a transparent ledger, transaction history can be publicly traced. This hinders Litecoin’s fungibility in several ways. Personal identifiable information collected from IP addresses, exchanges or merchants can be leaked and then tied to your address.” The LIP 3 will be the one in charge to face the challenges faced by the lack of privacy. Through LIP 3, the MimbleWimble implementation will be helping Litecoin become fungible. Although MimbleWimble will improve privacy on the Litecoin network – considering data will be hidden, it is still possible to track user activity and interactions. Thus, the solution increases privacy on the Litecoin network but it does not make it 100% fungible. 

In addition to it, the team behind Litecoin is already planning what to do with the threat of quantum computing. Developers have prepared a contingency plan in which they would add a switch commitment for Elgamal allowing the network to move towards a more secure solution. The Litecoin community will provide clear feedback about this implementation, the challenges it faces and how to better improve it in the future. Once all the issues are addressed, all the resources will be placed to start working on MimbleWimble for Litecoin. Other cryptocurrency networks offering privacy solutions include Monero (XMR) and Zcash (ZEC). In the future, Tron (TRX) is also planning to add privacy features to its network.

Article Produced By
Carlos Terenzi

Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

https://usethebitcoin.com/litecoin-ltc-releases-draft-proposal-for-mimblewimble/

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Cred App Allows ‘Micro-Investment’ in Cryptocurrencies.

Cred App Allows ‘Micro-Investing’ in Cryptocurrencies

Cred is launching a mobile app that allows people to invest small amounts of money in cryptocurrencies. The iOS and Android app is aimed at solving problems around access and transparency associated with buying cryptocurrencies.

Santa Monica, California-based Cred said it has created a “micro-investing” platform to ease access to cryptocurrencies, which have become a hot (and sometimes cold) commodity as people seek to replace cash in the digital era.

With the Cred app, investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically invest 45 cents in cryptocurrency.

Cred founder Brendon McQueen believes that consumers often feel intimidated when looking to invest in cryptocurrency, due to a lack of education about the industry, confusing product offerings, and reluctance to trust crypto offerings.

The company believes it is uniquely positioned to address these issues by offering an easy-to-use platform that allows users to invest in cryptocurrency, track their progress, learn about each coin prior to investing, and receive daily market recaps and news updates. For its initial rollout, Cred is launching in California, Missouri, Massachusetts, and Montana, with more states being introduced in the coming months.

About 69 percent of people in the U.S. expect the price of Bitcoin to rise in the next five years, but only 5 percent own Bitcoin, according to a Global Blockchain Business Council survey of 5,000 respondents. The high prices of cryptocurrencies, complicated platforms, and lack of education can make the space intimidating for first-time investors.

After signing up and following familiar KYC protocol (know your customer, an anti-money-laundering protocol), Cred presents investors with a variety of cryptocurrency options, such as Bitcoin, Ethereum, XRP, Litecoin, Komodo, and ZenCash — as well as tokens, including Worldwide Asset eXchange’s WAX and Neblio’s NEBL.

In the app, each coin offering includes a graph that can be expanded to show the coin’s price over the last 24 hours, a month, and all time. Users can then press a “Learn” button, which describes each token’s purpose, as well as its history and relevance in the industry. Investors can then select the type of currency they are interested in and choose the amount of money they want to round up from a purchase.

Investors can also set up recurring investments, including on a weekly or monthly basis. Transactions are capped at $2,000 per month to start, which helps add peace of mind for first-time investors averse to spending large sums. Lastly, investors can make a one-time transaction.

“I’m thrilled to finally offer a non-intimidating space for consumers to get involved in cryptocurrency,” said McQueen, who serves as Cred’s CEO, in a statement. “There’s an obvious gap in the market: People aren’t investing in cryptocurrency because they think it’s too complicated and complex. Cred creates a tangible space for people to take advantage of cryptocurrency at any level of experience without having to be an expert. Our platform is clear, quick, and educational — helping us reach our mission of democratizing cryptocurrency and bringing it to the masses.”

Cred is currently partnering with 13 cryptocurrency platforms and coins — including Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Monero, Dash, Komodo, Wax, Neblio, and ZenCash — and the company continues to seek out interesting coins and projects to add to its platform.

“We are super excited to be partnering with Cred, as they offer a unique micro-savings and micro-investment platform that will help onboard a whole new segment of cryptocurrency users,” said Steve Lee, chief marketing officer at Komodo, in a statement. “Komodo has long been committed to the global adoption of blockchain technologies and enabling real world usage. Through our partnership, Komodo and Cred will be able to lower the barrier-to-entry into cryptocurrency for the mass market and offer a fiat gateway for KMD in the U.S.”

Cred was founded in April 2018 and has 10 employees. The company has raised $1 million to date. McQueen previously founded and led Tuition.io, a market leader in student loan employee benefits.

Article originally posted:
VB (Venture Beats): https://venturebeat.com/2018/07/31/cred-app-lets-you-micro-invest-in-cryptocurrencies/
by: @DEANTAK   JULY 31, 2018   7:00 AM

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Cred App Allows Micro-Investment in Cryptocurrencies.

Cred App Allows "Micro-Investing" in Cryptocurrencies

Cred is launching a mobile app that allows people to invest small amounts of money in cryptocurrencies. The iOS and Android app is aimed at solving problems around access and transparency associated with buying cryptocurrencies.

Santa Monica, California-based Cred said it has created a “micro-investing” platform to ease access to cryptocurrencies, which have become a hot (and sometimes cold) commodity as people seek to replace cash in the digital era.

With the Cred app, investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically invest 45 cents in cryptocurrency.

Cred founder Brendon McQueen believes that consumers often feel intimidated when looking to invest in cryptocurrency, due to a lack of education about the industry, confusing product offerings, and reluctance to trust crypto offerings.

The company believes it is uniquely positioned to address these issues by offering an easy-to-use platform that allows users to invest in cryptocurrency, track their progress, learn about each coin prior to investing, and receive daily market recaps and news updates. For its initial rollout, Cred is launching in California, Missouri, Massachusetts, and Montana, with more states being introduced in the coming months.

About 69 percent of people in the U.S. expect the price of Bitcoin to rise in the next five years, but only 5 percent own Bitcoin, according to a Global Blockchain Business Council survey of 5,000 respondents. The high prices of cryptocurrencies, complicated platforms, and lack of education can make the space intimidating for first-time investors.

After signing up and following familiar KYC protocol (know your customer, an anti-money-laundering protocol), Cred presents investors with a variety of cryptocurrency options, such as Bitcoin, Ethereum, XRP, Litecoin, Komodo, and ZenCash — as well as tokens, including Worldwide Asset eXchange’s WAX and Neblio’s NEBL.

In the app, each coin offering includes a graph that can be expanded to show the coin’s price over the last 24 hours, a month, and all time. Users can then press a “Learn” button, which describes each token’s purpose, as well as its history and relevance in the industry. Investors can then select the type of currency they are interested in and choose the amount of money they want to round up from a purchase.

Investors can also set up recurring investments, including on a weekly or monthly basis. Transactions are capped at $2,000 per month to start, which helps add peace of mind for first-time investors averse to spending large sums. Lastly, investors can make a one-time transaction.

“I’m thrilled to finally offer a non-intimidating space for consumers to get involved in cryptocurrency,” said McQueen, who serves as Cred’s CEO, in a statement. “There’s an obvious gap in the market: People aren’t investing in cryptocurrency because they think it’s too complicated and complex. Cred creates a tangible space for people to take advantage of cryptocurrency at any level of experience without having to be an expert. Our platform is clear, quick, and educational — helping us reach our mission of democratizing cryptocurrency and bringing it to the masses.”

Cred is currently partnering with 13 cryptocurrency platforms and coins — including Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Monero, Dash, Komodo, Wax, Neblio, and ZenCash — and the company continues to seek out interesting coins and projects to add to its platform.

“We are super excited to be partnering with Cred, as they offer a unique micro-savings and micro-investment platform that will help onboard a whole new segment of cryptocurrency users,” said Steve Lee, chief marketing officer at Komodo, in a statement. “Komodo has long been committed to the global adoption of blockchain technologies and enabling real world usage. Through our partnership, Komodo and Cred will be able to lower the barrier-to-entry into cryptocurrency for the mass market and offer a fiat gateway for KMD in the U.S.”

Cred was founded in April 2018 and has 10 employees. The company has raised $1 million to date. McQueen previously founded and led Tuition.io, a market leader in student loan employee benefits.

Article originally posted:
VB (Venture Beats): https://venturebeat.com/2018/07/31/cred-app-lets-you-micro-invest-in-cryptocurrencies/
by: @DEANTAK   JULY 31, 2018   7:00 AM

TP

Bitpay Gearing up to Test Extension Blocks

Bitpay Gearing up to Test Extension Blocks

Recently, the Bcoin team released the specifications and particulars for launching extension blocks for a blockchain protocol upgrade. They have now nearly completed implementing these extension blocks. Bitpay’s CEO Stephen Pair responded with an article on April 24 saying that Bitpay would be willing to test these “secondary blocks” on a testnet.  

Also read: Bcoin Developers Plan to Test Scaling Concept ‘Extension Blocks’

Bitpay Gearing up to Test Extension Blocks

Pair said, “The bcoin team has released specifications and working code for the developer community to critique. At Bitpay, we think this idea of extension blocks holds a lot of promise, and we intend to participate in its technical evaluation”.

This news of testing extension blocks comes at a time of great divide within the Bitcoin community over whether Segwit should be activated. Pair suggests that extension blocks could solve the problem because these “secondary blocks” act as a non-contentious hardfork. In a previous article, Pair said that the communities need to avoid initiating a contentious hardfork at all costs. He said:

“One very important challenge we must resolve is how to successfully upgrade Bitcoin in a safe, deliberate and non-contentious manner. And we must be able to upgrade Bitcoin because no organism can live in its own waste products.”

How Secondary Blocks are Non-Contentious; Pair’s Three Step Formulation

This “secondary block” or “extension block” upgrade is non-contentious and will disallow Bitcoin to wallow in its own excrement, because of the manner in which it solves the problem of filled block sizes. In Pair’s previous article, he outlines a three step outline on how extension blocks could be implemented. He said the nodes will acknowledge new rules for these secondary blocks, and thus they will start accepting data.

“In this step, nodes begin upgrading to support the new rules. Nodes will validate and relay valid data that can be included in the secondary block (imagine some new form of transaction, but it could really be any kind of data). These nodes will not relay data considered invalid according to the new rules.”

In phase two, Pair suggests that a second soft fork is performed. However, he mentions instead of adding new rules to the protocol, old blocks will be “deprecated.” This means that transactions will no longer be allowed in the old block.

Finally, in phase three, the protocol will start to shed its old skin and stop rolling around in its own filth. Pair clarified this step, “After the soft fork that deprecates use of the original block has activated, all transactions and data will be in the new secondary block. At this point we can schedule a hard fork that simply drops the old block and adopts the secondary block as the primary block structure.”

Pair seems confident that the “secondary block” or “extension block” plan is the way to go for a non-contentious fork and upgrade of the bitcoin protocol. Of course, others disagree.

Do you think a “secondary block” upgrade is the solution to the scaling dilemma? Let us know in the comments below.


Images via Shutterstock and fintech.nl


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

Chris Corey CMO MarketHive.com

By Sterlin Lujan

April 25, 2017

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