2336 cryptocurrencies
Total Market Cap $5,295,884,510,792,051
Total Volume 24h $396,916,390

Litecoin Litecoin star

$23.90
0.23 (0.97%)

Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.

news

Litecoin LTC Price Watch: Silver to Bitcoin's Gold Massively Undervalued?

Aug 3rd, 2018

A new report from author and e-Toro analyst Mati Greenspan states that Litecoin is massively undervalued when compared with other altcoins. The report is the latest in a series of publications explaining how various altcoins perform in the cryptocurrency space. Describing Litecoin, Greenspan acknowledges that it is no less risky than bitcoin or any other digital asset available today. However, he does say that it bears specific advantages and higher ratios of customer appreciation than several leading altcoins, but that it simply doesn't receive the attention it deserves: "Litecoin has more adoption in terms of total address transactions and trading volume than some of the other cryptocurrencies, yet the total network value lags in comparison. Litecoin has a much larger number of daily active addresses (DAU) with respect to its market cap than all the other currencies considered except Dash. The relative daily transaction volume of Litecoin is also larger than that of any other currency analyzed, suggesting that it is, in fact, a very active and established coin which might not be reflected in its current valuation." Greenspan concludes by explaining: "Litecoin (LTC) is by far one of the most established networks in the crypto space. It is already being used by many as a store of value and means of exchange, and so can be considered as money. Furthermore, the groundbreaking partnerships that are being formed by the Litecoin Foundation position this crypto for long-term success." For the longest time, Litecoin held the position of fifth-largest cryptocurrency by market cap, though it has since been knocked aside by EOS. Litecoin is now in sixth place and remains amongst the top ten cryptocurrencies in circulation. It was developed in 2011 through a bitcoin fork by former Google employee Charlie Lee, making it older than bitcoin's primary competitor Ethereum. From there, Lee was able to create his own genesis block and start a new digital currency with no previous transactions under its belt. The report further explains: "Another interesting aspect is that Litecoin has experienced a very significant correction from the all-time highs of the cryptocurrency industry in January 2018. With respect to its all-time high of $378, Litecoin has fallen by 81 percent to its current price. This is a slightly larger decline than the 71 percent decline in the total market cap of all crypto assets. Given that Litecoin has an established and stable working product, as well as significant adoption, this bear market of the whole cryptocurrency industry could have led to Litecoin being oversold." Litecoin is often referred to as "digital silver" alongside bitcoin's "digital gold." While this is partly due to the currency's age (bitcoin is only slightly older), Greenspan assures it has ultimately remained one of the market's most important entities, as well as a primary alternative to bitcoin in that it offers cheaper and faster transactions. It is also one of the more liquid coins, and easier to trade to fiat when compared with other altcoins. It further offers a little more diversification than other forms of digital money in that it is considerably more affordable than bitcoin, giving it more room for growth. Lastly, it is appropriate that Litecoin would garner comparisons to silver, while bitcoin is placed against gold. One ounce of gold costs approximately 80 ounces of silver, while at press time, one bitcoin is worth roughly 85 LTC. The amount of Litecoin meandering through the cryptocurrency arena is about 3.35 times larger than that of bitcoin, and the final total will be four times larger. Litecoin is also mined much faster than bitcoin, which means that the price of Litecoin should eventually rise faster than the price of bitcoin, according to the report. Chances are that when you think of cryptocurrency, you think of Bitcoin. That's understandable. Bitcoin has been the public face of all cryptocurrencies since it first appeared on the scene in the shadowy Satoshi Nakamoto's white paper in 2008. Its subsequent adoption by the Silk Road black market and meteoric rise in price, which turned pizza change into millions of dollars, forever cemented it as the coin to watch. Bitcoin, however, is a product of its times. Very little tech has survived from 2008 unchanged, from mobile phones to laptops to solar panels. Bitcoin is no exception. Although its introduction was revolutionary, its underlying code has aged somewhat poorly. Bitcoin was never really designed to handle the kind of traffic the network currently demands, and so speed and scalability issues have plagued the Bitcoin community since shortly after its rise to prominence. This has a resulted in at least 30 legitimate forks of the coin's open-source code, almost all geared toward improving Bitcoin's average transaction speed. One notable fork that did not adopt the profitable Bitcoin name was Litecoin. Since its creation in 2011, Litecoin has risen to become one of the main alternative coin base pairings on most major exchanges, and it frequently fills in the transaction speed gaps that would otherwise doom Bitcoin to irrelevance. We're going to take a brief tour of the history between these two cryptocurrency giants, examine the state of the market, and try to figure out what the future holds for both currencies. Litecoin's creation stems from a dispute between Bitcoin developer Charlie Lee and the mainline Bitcoin community. Between February and June 2011, Bitcoin's price rose from $1 to $31, a huge increase. While this was viewed by most members of the Bitcoin community as a net positive, Lee maintained that Bitcoin was already facing scalability issues and the price was rising out of proportion to the network's ability to handle peer-to-peer traffic. To resolve this issue, he created a hard fork of Bitcoin's code to form a new, faster, and cheaper coin dubbed Litecoin. Litecoin's supply was set at 84 million, almost four times Bitcoin's 21 million, to rein in per-coin pricing. Its transaction time was reduced to about a fourth of Bitcoin's, and its block reward doubled. Furthermore, Litecoin mining is significantly cheaper than Bitcoin mining in terms of electrical cost. The downside is that the scrypt used to mine Litecoin is a stripped-down version of the Bitcoin scrypt, and so it may be inherently less secure. After all, security is one of the main reasons for using cryptocurrency in the first place, Bitcoin supporters argue, and compromising security to make spending Litecoin easier is a potential recipe for disaster. Table provided by Coindesk As of August 2018, the cryptocurrency market as a whole is still suffering from the effects of the so-called Long January, a months-long hangover stemming from the surprise December 2017 runup to all-time-high prices. In the December-January time frame, Bitcoin crested $20,000 per coin, while Litecoin reached a high-water mark of $366. By early July, Bitcoin had settled to a per-coin price of about $6,600, while Litecoin had sunk to just $82. Bitcoin's market cap hovered at $113 billion, while Litecoin's market cap was about $4.7 billion. The disparities between the two coin's market fundamentals couldn't be starker. However, both BTC and LTC - alongside ETH - are cornerstones of the exchange base pairing market. This isn't immediately apparent from the coins' 24-hour volume. Bitcoin's 24-hour volume in July 2018 was about $5.2 billion, dwarfing Litecoin's $264 million. In fact, more Bitcoins in terms of U.S. dollars are moved each day than Litecoin's entire market capitalization. Litecoin also faces stiff competition from non-Bitcoin forks. The number 2 and 3 positions on CoinMarketCap as of July 2018 are occupied by platform coin Ethereum and foreign currency lubricant Ripple, respectively. Both boast market caps many times that of Litecoin, which settled into the number 6 global market capitalization position. Litecoin's relative lightweight status in terms of sheer market size belies its importance to the market as a whole. With much faster transaction speeds, Litecoin has become a staple of day traders and other folks who need to convert between cryptocurrencies quickly to take advantage of sudden buying opportunities. In the time it takes for a Bitcoin transaction to process, a given day trader might see their gains evaporate as nimbler Litecoin users convert and finalize their trades. Litecoin, then, has become less of a competitor to Bitcoin in the pure currency and value-storage arena and become an effective medium for shuttling alternative coins from one place to another without the associated hassle of first converting to Bitcoin. At the moment, all alternative coins - including Litecoin - are highly dependent on the price of Bitcoin. The market simply has not achieved widespread adoption, and no coin even comes close to challenging Bitcoin's financial position at the top of the heap. This may very well change as the market grows and adapts, and Litecoin appears to have carved out a niche for itself as a recognizable and widely used medium of exchange for alternative coins. There is a few other projects with this stated goal, but none can boast the pedigree or the market capitalization of Litecoin. Furthermore, Bitcoin and Litecoin share heavy coding elements, and so projects explicitly designed for one coin or another are often interoperable. Litecoin also has a surprising number of dark-horse elements in its favor. One is Litecoin's growing acceptance on the so-called dark web. This is the very same vehicle that pushed Bitcoin to prominence via the aforementioned Silk Road. Litecoin traffic makes up about 30 percent of dark web transactions, second only to Bitcoin. While this might seem like a rather unsavory route to success, dark web adoption is the same portal Bitcoin used to get mainstream acceptance. If nothing else, it works as a proof of concept; while Litecoin certainly has some security and anonymity vulnerabilities, guaranteeing it can't stay in the dark forever, its use as a currency is tried and true. In other words, if it works on the dark web for buying sundry illegal or unethical materials, it should work just fine in legitimate marketplaces. Litecoin is also popular in China, and many market observers believe that China and Asian markets in general will lead the next big wave of cryptocurrency adoption. The Chinese and Korean governments have both loosened their stance toward cryptocurrencies in general, opening the door to potentially billions of new investors. Litecoin boasts a more accessible price point - for the time being, anyway - than Bitcoin, making it more attractive to new investors who want to own an entire coin. The only big negative in the Litecoin arena is, ironically, its similarity to Bitcoin. As a cheaper, faster Bitcoin, Litecoin presents investors with major advantages over the current king of crypto. The next generation of altcoins, however, are purpose-built to replace Bitcoin in a variety of arenas, from pure currency to the Internet of Things to artificial intelligence to digital platforms. Litecoin may very well supplant Bitcoin in some areas, but it will be hard-pressed to work as a catchall solution for the hordes of alternative coins looking to take its place. For virtually every Litecoin use case, there is an altcoin that does it better, faster, or more cheaply. Only time will tell if Litecoin's nameplate value will overcome these challenges. After all, perfection is often the enemy of the good, and Litecoin just might be good enough to retain a foothold in the crypto world for years to come.


Wall Street Breakfast: What Moved Markets This Week

Jul 21st, 2018

Investor concerns over a new round of tariffs were counterbalanced at the end of the week by some strong earnings reports from Microsoft, Honeywell and Capital One. Stocks were flat for the week, as the Dow ended +0.2% but the S&P and Nasdaq finished virtually unchanged. The 10-year yield ended the week at 2.90% and the two-year yield finished up at 2.60%. Some analysts saw the increased 2-10 spread as a sign that investors believe President Trump's criticism of the Fed could slow down the pace of rate hikes. Economy Monday: President Trump sat down with Russian counterpart Vladimir Putin in Helsinki. Crimea, Syria and election meddling were likely on the summit's agenda, but no aide or official from the U.S. delegation were present during the meeting's initial stages. A controversial press conference ensued, coming on the tails of a tense NATO summit during which Trump lambasted allies for not meeting their defense spending commitments. Tuesday: The spotlight fell on Jerome Powell as he delivered his semi-annual monetary policy testimony on Capitol Hill. The Fed Chair stuck to an upbeat assessment on the U.S. economy while downplaying the impact of global trade risks on upcoming rate rises. The bullish outlook buoyed the dollar and put a squeeze on gold, which fell to $1,222/ounce - its lowest level in a year. Wednesday: Less than 24 hours after accepting four hostile amendments to her customs bill, Theresa May maintained her fragile grip over the Brexit process. She narrowly survived an attempt by pro-European Conservative MPs to keep Britain in the EU customs union, meaning the U.K. will develop its own trade policy after Brexit. Declaring themselves the "flag bearers of free trade," Japan and the EU also signed the world's largest bilateral trade pact covering about a third of global GDP. Thursday: Plunging drilling costs have sparked an explosion of production in Texas, and is making the state a global oil superpower. According to HSBC, The Permian Basin and Eagle Ford oilfields are expected to produce 5.6M barrels per day by 2019, topping the 4.8M bpd output of Iraq and 3M bpd of Iran. That would make Texas the world's No. 3 oil producer, behind only Russia and Saudi Arabia. Friday: President Trump is willing to up the ante in the trade war with Beijing and could slap tariffs on every Chinese good imported to the U.S. "I'm ready to go to 500," he told CNBC, referencing the $505.5B of American imports from China in 2017, compared to the $129.9B the U.S. exported to the country last year. Meanwhile, the Chinese yuan slid overnight to its lowest in more than a year, stoking worries Beijing's currency management could be the next flash point in a trade dispute with the U.S. Stocks Monday: The week started with the most important aviation trade show of the year, attracting about 100,000 trade visitors from 100 countries. Alternating every year with the Paris Air Show in France, the Farnborough International Air Show runs until July 22. In 2016, the last time Farnborough played host, more than $124B in sales and commitments were placed at the exhibition. Tuesday: Crypto bounce... Bitcoin (BTC-USD) traded above $7,500 for the first time in a month, while rivals including Ripple (XRP-USD), Ether (ETH-USD) and Litecoin (LTC-USD) also advanced. Despite shrugging off some security and regulatory concerns that have plagued digital currencies for much of this year, Bitcoin still remains more than 60% below its all-time high from last December. Wednesday: Amazon reached a $900B market value for the first time, nipping at Apple's (NASDAQ:AAPL) heels as Wall Street's most valuable. The news comes after the company announced it sold more than $100M in products during its annual Prime Day sale. Shares are up over 57% so far this year, bringing Amazon's (NASDAQ:AMZN) increase to over 123,000% since it listed on the Nasdaq in 1997. Thursday: Comcast has surrendered to Disney (NYSE:DIS) in a bidding war over Fox's (NASDAQ:FOX) film and cable assets, but managed to push up its rival's acquisition expenses by nearly $20B, a play that could constrain Disney's ammunition in future dealmaking. Comcast (NASDAQ:CMCSA) will now try to clinch a £26B acquisition of Sky (OTCQX:SKYAY) - in which Fox already owns a 39% stake - as the media industry undergoes a massive reshaping. Friday: Adding to similar moves by Pfizer (NYSE:PFE) and Novartis (NYSE:NVS), Merck (NYSE:MRK) is the latest drugmaker to nod to public pressure on rising costs. It cut the price of hepatitis C treatment Zepatier by 60%, and a number of other medicines by 10%. The price change also included a commitment not to increase the average net price across Merck's product portfolio by more than the inflation rate, but that pledge still leaves room for higher increases on individual drugs.


Bitcoin Breaks $8,000 as Selected Alts See Slight Recovery

Jul 24th, 2018

July 24: Bitcoin (BTC) broke through the $8,000 price point this morning, as the top cryptocurrency continues to outperform most other crypto assets, according to data from Coin360. In the days following the strong upswing that kicked off across the crypto market on July 16 and accelerated further on July 17, Bitcoin has sustained positive momentum while other alts slid into negative territory. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,009 to press time, up 3.9 percent on the day. The leading asset gained over $200 dollars within the space of an hour and a half this morning to hit $7991, and then broke the $8,000 resistance level, peaking at a 24-hour high of $8,031. Bitcoin's weekly and monthly gains are now at around 3.8 and 34 percent respectively, according to data from CoinMarketCap. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Yesterday, BTC dominance by market capitalization in the crypto market reached its highest level yet in 2018, passing 46 percent, a threshold last seen December 20, 2017, when the coin was trading close to its industry highs of $20,000. Today, dominance has inched up yet further to 46.8 percent by press time. Percentage of total market cap (dominance) from CoinMarketCap Ethereum (ETH) is trading around $468 at press time, up 1.2 percent on the day. Having peaked at $510 on July 18, the asset's subsequent decline saw it dip to $444 by July 20. Today, the altcoin has seen modest growth, reaching a 24-hour high of $472. Ethereum has lost just under 1 percent on the week, but is now up 4.77 percent on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are seeing mixed red and green, with some alts seeing solid growth of above 4 percent. Litecoin (LTC) is up over 3.5 percent on the day, trading at around $87, according to CoinMarketCap. Bitcoin Cash (BCH) is also up over 4.5 percent and is trading at $851 to press time. Meanwhile, EOS, IOTA (MIOTA), and Cardano (ADA) are all down, seeing losses of within a 1-2 percent range on the day by press time. Of the top 20 ranked coins on CoinMarketCap, anonymity-oriented altcoin Monero (XMR) is the strongest performer. Monero is up almost 4 percent and is trading around $140 at press time. Breaking $148 July 18, the coin saw a subsequent decline to $127 on July 21, and traded sideways until yesterday's uptick, which continues today. Monero 7-day chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $294 billion at press time, inching closer to its intra-weekly high of around $300 billion. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap While the market is seeing a more mixed picture today, Bitcoin's recent divergence from other crypto assets has prompted CNBC trading advisor Ran NeuNer to venture that we may be on the cusp of a bull market. The analyst attributes the top coin's strong performance to news earlier this month that the $6.3 trillion asset manager and ETF-giant BlackRock is beginning to assess potential involvement in Bitcoin. As per NeuNer's scenario: "-BTC goes up in anticipation of ETF at the expense of Alts. - Investors start to pay more attention to BTC as it is getting returns. - New money flows in again including institutional funds. - BTC runs , investors exit and invest in Alts. - Bull market again..." While many hold the view that crypto-based ETFs would be a "holy grail" for the crypto industry, news that BlackRock may also be eyeing an entry into Bitcoin futures trading could prove more divisive, given suggestions from figures including Fundstrat's Tom Lee that Bitcoin's "gut wrenching" price weakness this spring was tied to futures contract expirations. In May, the Federal Reserve Bank of San Francisco had similarly alleged that Bitcoin's price decline was the result of the introduction of futures trading on CBOE, and then CME, in Dec. 2017. This week, CME revealed that the average daily volume of Bitcoin futures on its platform increased by 93 percent in Q2 over Q1 in 2018, also indicating that the number of open contracts had exceeded 2,400 -- a 58 percent increase over Q1.


Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

Jul 25th, 2018

July 25: Bitcoin (BTC) is holding its newly won gains, having led the week's impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours -- a price point it has not seen since mid-May -- subsequently retracing to its current level. Bitcoin's weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph's price index. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index BTC dominance by market capitalization continues to inch upwards, now at 47.2 percent according to CoinMarketCap, after posting its 2018 record-high earlier this week. Reddit co-founder Alexis Ohanian -- whose VC firm Initialized Capital was one of U.S. crypto exchange Coinbase's first investors -- said in a fresh interview that the "battle-tested" coin is "certainly the most robust" noting that "as volatile as it's been...[Bitcoin] continu[es] to go up over the long term." Ethereum (ETH) is trading around $471 at press time, seeing around a 1 percent loss on the day. The top altcoin has seen considerable price movement between its morning peak at $484 and subsequent dip to as low as $464. Ethereum has now lost 4.84 percent on the week, but remains almost 1 percent up on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are a mixed bag, with negative fluctuations capped at under 3 percent, and the heftiest gain pushing 1 percent growth over the 24-hour period. Bitcoin Cash (BCH) is down about 2.5 percent and is trading at $838 to press time, after an intra-day tumble to around $833, according to CoinMarketCap. Bitcoin Cash 24-hour chart. Source: CoinMarketCap Meanwhile, EOS has been the strongest top 10 performer, seeing a solid 1 percent growth and trading around $8.48 to press time. Litecoin (LTC) is trading around $86.89, down roughly 1 percent on the day, with Cardano (ADA) seeing an almost 3 percent loss and trading around $0.17 to press time. Of the top 20 coins on CoinMarketCap, crypto exchange Binance's native token Binance Coin (BNB) -- ranked 18th -- has skyrocketed almost 10 percent on the day, trading around $13.13 to press time. The token is nonetheless just short of its weekly high at $13.72. Tezos (XTZ) has been hit with steep losses of almost 5 percent, trading at around $2.13 to press time, following news that "Big Four" auditor PricewaterhouseCoopers (PwC) will conduct an external audit of its finances and operations. While the Foundation has heralded the news as a watershed moment -- it is "the first" large-scale blockchain organization to be monitored by PwC -- the news has perhaps nonetheless drawn fresh attention to controversies that have beset the project since last year. Total market capitalization of all cryptocurrencies is around $297 billion at press time, after surging to around $304 billion during early trading hours. Total market capitalization of all cryptocurrencies from CoinMarketCap EToro senior analyst Mati Greenspan today ventured that Bitcoin's bull run this week has been led by a spike in trading volumes on the Japanese and Korean crypto markets, also noting that average BTC transaction rates have inched past 2.5 per second for the first time since February this year. 1-year chart of Bitcoin's average transaction rate. Source: Blockchain.com As a mark of the nascent industry's rising status, Fortune this week released a crypto-focused version of its prestigious "40 under 40" honor roll for the first time, dedicated exclusively to innovators at the helm of the "financial revolution" ushered in by cryptocurrencies and blockchain.


New Ripple-Based Decentralized Exchange Launches in San Francisco

Jul 31st, 2018

A new Ripple (XRP)-based decentralized crypto marketplace, DCEX, has now opened registration for retail and institutional accounts, according to a press release published July 30. The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), IOTA (MIOTA), and ZCash (ZEC), among others, with further altcoins to be listed in the future. DCEX will also reportedly make all of the assets included in the Bloomberg Galaxy Crypto Index (BGCI) -- which tracks the top ten "most liquid" crypto assets and presents itself as an "institutional benchmark" for the crypto market -- available in one location for investors. According to the press release, DCEX believes that using XRP as a base currency will allow for "high-speed transfers" that can help investors to better take advantage of "price inefficiencies" in their arbitrage among currency pairs on different exchanges. The marketplace claims in the release that its network will facilitate "up to one million transactions per second," and will also enable participants to connect to APIs to facilitate "high frequency" crypto trading strategies, as well as to margin trade. DCEX, reportedly registered with FINCEN, is taking "initial steps" towards becoming a fully compliant and regulated operator under the U.S. Securities and Exchange Commission (SEC) and other regulatory agencies, the press release notes. As a Cointelegraph analysis outlined this spring, decentralized exchanges (DEXs) are gaining traction in the cryptosphere, both on ideological grounds and due to perceptions that centralized platforms are more vulnerable to thefts, such as the industry record-breaking hack of $532 mln in NEM from Coincheck earlier this year.


Above $7k: Bitcoin's Price Shot Up $600 in 30 Minutes - CoinDesk

Jul 17th, 2018

Bitcoin's price shot well above $7,000 Tuesday in a dramatic move that took the cryptocurrency to a level it hasn't seen in more than a month. As of press time, the world's most valuable cryptocurrency by market capitalization was trading at $7,368.22, up more than $600 from the day's open at $6,726.40. Indeed, the market moved quickly, posting the gains over the course of 45 minutes. CoinDesk's Bitcoin Price Index (BPI) registered a market high of $7,408.28 amidst the sudden spike upward. The last time the price was this high was on June 10, BPI figures reveal. At press time, Bitcoin is the biggest gainer among the top 10 cryptocurrencies by market capitalization and is reporting a 16.19 percent week-to-week price increase, according to price tracking site CoinMarketCap. Other major cryptocurrencies are following suit - a usual occurrence when bitcoin prices surge. Names like XRP, EOS, and litecoin (LTC) are all printing gains above 6 percent. Per CoinMarketCap, the total market capitalization for the cryptocurrency market hit roughly $287 billion in light of the market uptick.


'Mad Skillz': Elon Musk Is Impressed by Ethereum Scam Bots on Twitter

Jul 10th, 2018

Elon Musk has drawn attention to scam bots that impersonate famous Twitter accounts to steal crypto from their victims. Billionaire entrepreneur and engineer Elon Musk has recently called attention to scam bots that impersonate famous people on Twitter to steal Ethereum (ETH) and other cryptocurrencies from their victims. Ethereum's co-founder Vitalik Buterin subsequently reacted to Musk's tweet, suggesting on July 9 that CEO of Twitter Jack Dorsey should take measures to ameliorate the situation. In his tweet, the world-famous founder of Tesla Motors and SpaceX drew attention to crypto scammers on Twitter. Misspelling the name of Ethereum, Musk appeared to be impressed by the sophisticated "skillz" of the scammers: "I want to know who is running the Etherium scambots! Mad skillz ..." Vitalik Buterin, who earlier added "Not giving away ETH" to his Twitter handle to combat his own impersonators, asked Jack Dorsey, the CEO of Twitter, to do something about the situation. Alternatively, Buterin proposed, "someone from the ETH community" could create a second-layer "scam filtering" solution: "@jack help us please? Or someone from the ETH community make a layer 2 scam filtering solution, please?" Buterin also appeared to be disappointed that Musk has dedicated his first Ethereum-related tweet to the problem of scam bots, rather than the technology behind the cryptocurrency: "I do wish @elonmusk's first tweet about ethereum was about the tech rather than the twitter scambots........" In February 2018, Elon Musk revealed that he "literally own[ed] zero cryptocurrency," in an apparent attempt to warn his followers not to interact with fake "Musks" on Twitter. The billionaire also noted that he has reported the issue to Dorsey multiple times to no avail. Earlier this year, Cointelegraph reported about multiple scam accounts on Twitter that tried to pose as the founder of Litecoin (LTC) Charlie Lee and used fake giveaways of the cryptocurrency to attract their victims.


UK Remittance Service TransferGo Adds Crypto Trading in 'World First'

Jul 28th, 2018

TransferGo claims to be first remittance service to launch cryptocurrency trading. UK-based service TransferGo has reportedly become the world's first remittance operator to offer crypto trading, Bloomberg reported July 27. TransferGo now lets customers buy and sell five major cryptocurrencies -- Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was launched "in response to demand from our user base": "With over 4,000 users signing up in the first few hours we can see there is a strong demand in the market for a simple and reliable investment and trading solution." Founded in 2012, TransferGo currently has "over 600,000" registered users and is partnered with thirty banks. A remittance is the transfer of money from a foreign worker to another individual across international borders. In 2017, global remittance flows to developing countries reached a massive $466 billion. Earlier this week, the CEO of payment giant Mastercard Ajaypal Banga smashed decentralized cryptocurrencies -- as opposed to state-issued calling them "junk." Banga accused cryptocurrencies of "wild" volatility, claiming they do not "deserve" to be considered a medium of exchange. Previously in June, Qiwi Blockchain Teсhnologies (QBT), a subsidiary of major Russian fiat payment service provider Qiwi, reportedly launched a crypto investment bank built on a "classic investment banking model." According to the firm's CFO, the upcoming HASH platform will start offering crypto trading services in 2019, after the company obtains necessary licensing.


Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses

Aug 1st, 2018

August 1: Crypto assets have seen a second day of losses, with Bitcoin (BTC) now well below the $8,000 psychological price point and most of the major crypto assets in the red, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,490 to press time, having lost almost 3 percent on the day. Since the coin's July 25 peak at $8,431, the leading cryptocurrency dipped down below $8,000 yesterday for the third time this week. The coin saw another sharp drop this morning, before trading sideways. Bitcoin's 7-day price chart. Source: Cointelegraph Bitcoin Price Index Bitcoin's weekly price performance is now down by around 9.3 percent, but monthly growth remains a solid 17.74 percent. Ethereum (ETH) has seen heftier losses on the day, down a solid 5 percent to trade around $411 at press time. The leading altcoin lost around $19 in value during early trading hours, traded sideways around $425, and then dropped to see an intra-day low of $410 an hour before press time. Ethereum's weekly price performance is around 13.61 percent in the negative, having seen a more gradual but sustained downward trend than Bitcoin over the same time frame. Ethereum's monthly losses are almost 11 percent. Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, most of the top 10 coins by market cap are down between 1 and 5 percent on the day. Ripple (XRP) is the only outlier, up 1.6 percent and seeing a spike in price earlier today, despite trading downwards most of the week. The coin is currently trading at $0.44 to press time. The asset's relatively strong performance has perhaps been buoyed by yesterday's news that the 42nd President of the United States Bill Clinton will be the keynote speaker to kick off Ripple's global payments tech conference, Swell, this fall. Ripple's 7-day price chart. Source: CoinMarketCap After Ethereum, Litecoin (LTC) and EOS (EOS) have seen the most losses of the top ten coins, both down 3.45 percent on the day to press time. Among the top twenty coins by market cap, Dash and Monero (XMR) are trading the most stably, both currently up less than 1 percent. Total market capitalization of all cryptocurrencies has inched yet further downwards on the day, at $268.4 bln to press time -- $8 bln lost over the 24-hour period. 1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap While the markets have seen their second, faltering day of continued losses, recent news indicates that the distance between the crypto industry and major institutional players continues to narrow. Yesterday, Northern Trust Corp., a global asset management firm with $954 billion in total assets under management, revealed its plans to start a custody service for digital assets. Meanwhile, news of Morgan Stanley's recruitment of a self-described crypto trading expert and 12-year veteran of Credit Suisse as its new head of digital asset markets suggests that the trend of figures leaving the traditional financial sector for crypto continues. A major new report from the U.S. Treasury Department published yesterday revealed a strong concern that the U.S. keep pace with innovation and tailor its regulations to accommodate disruptive financial technologies, including cryptocurrencies and blockchain. Skeptics remain, however, with Nobel Prize winning economist Paul Krugman suggesting in a New York Times Opinion piece yesterday that "total collapse" for "un-tethered" crypto-assets "is a real possibility."


2018 Crypto Investment Report: Institutional Investors Provide 56% of Capital Inflow

Jul 19th, 2018

Grayscale Investments' first-ever crypto investment report reveals that 56% of capital inflow this year is coming from institutional investors. The first-ever crypto investment report released July 18 by digital asset management fund Grayscale Investments reveals that the majority of capital inflow this year is coming from institutional investors. Grayscale has been overseeing investments into crypto for five years, launching a Bitcoin (BTC) Investment Trust back in September 2013 and then expanding to other single-asset funds -- including Ethereum Classic (ETC), Zcash (ZEC) and Litecoin (LTC) -- as well as diversified offerings, notably its Digital Large Cap Fund. According to this week's report, institutional capital accounted for 56 percent of all new investments into Grayscale products during the first half of 2018. Despite the undeniably bearish picture for crypto markets during this time, Grayscale remarks that "counterintuitively," the pace of investment has "accelerated to a level that we have not seen before." Total investment through June 30, 2018 was almost $248.4 million -- the strongest ever fundraising period since 2013. $9.55 million in fresh capital has been incoming every week on average, with $6.04 million -- 63 percent -- going to the Bitcoin Investment Trust. Grayscale Cumulative Inflows by Investment Product, December 31, 2017 through June 30, 2018. Source: Grayscale H1 2018 Report In addition to the institutional investors who occupy the lion's share of Grayscale's portfolio, their investor profile data shows that accredited individuals account for 20 percent, retirement accounts for 16 percent, and family offices for 8 percent. Of these, roughly 64 percent of all new investments came from within the U.S., 26 percent from offshore investors ("e.g. Cayman-domiciled entities"), and 10 percent from other regions. The average investment sum was $848,000 for institutional investors, $553,000 for family offices, $335,000 for retirement accounts, and $289,000 for individuals. The report qualifies these figures by noting the data is skewed by several "large, one-time outliers," as well as sums that were broken up into multiple allocations over a series of days. Grayscale's report suggests that major investors potentially consider the year's downturn as a prime moment to enter the crypto markets -- moving in to "buy the dip" just as the infrastructure to facilitate institutional entry is materializing. This week saw significant news that the $6.3 trillion asset management heavyweight BlackRock -- the world's largest provider of exchange traded-funds (ETF) -- is beginning to assess potential involvement in Bitcoin, stoking considerable excitement from industry stalwarts and possibly bolstering an impressive market uptick.


Litecoin Foundation Partners With TokenPay to Acquire 10% Stake in German Bank

Jul 11th, 2018

The Litecoin Foundation has now acquired a 9.9 percent stake in Germany's WEG Bank AG, as a result of a new partnership with TokenPay. The Litecoin (LTC) Foundation has acquired a 9.9 percent stake in Germany's WEG Bank AG. The deal is a result of a new strategic partnership with crypto-fiat payments firm TokenPay. The news comes from an official announcement published by TokenPay Tuesday, July 10. TokenPay has now transacted its 9.9 percent equity share of the bank to the Litecoin Foundation in exchange for an agreement that will see the Foundation providing its blockchain, marketing and logistics expertise to the benefit of TokenPay's cryptocurrency and business operations. Specifically, the deal will see the Foundation offering its "high-level" blockchain mechanization capabilities to assist TokenPay in realizing its major crypto and blockchain initiatives. These include the development of a TPAY cryptocurrency and its underlying blockchain and an eFin decentralized exchange (DEX) with a native EFIN token. The Foundation will also provide input for TokenPay's TokenSuisse asset management, its WEG Bank FinTech platform, and a TokenPay Multisignature Transaction Engine, designed for processing fast and secure crypto e-commerce payments for merchants. TokenPay also has a long-standing partnership with Verge (XVG) cryptocurrency, with plans to roll out XVG crypto debit cards in the near future. Litecoin founder Charlie Lee said of the new deal: "This partnership is a huge win-win for both Litecoin and TokenPay. I'm looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I'm also excited about Litecoin's support in TokenPay's eFin decentralized exchange." Matthias von Hauff, founder and CEO of WEG bank, added that although the partnership with Litecoin and Tokenpay may seem unexpected for what he characterized as being "a very conservative institution," the bank firmly believes "the future of banking will make adoption of such modern payment methods inevitable." TokenPay reportedly plans to acquire the remaining shares of WEG, pending approval from German regulators. The head of the firm's supervisory board said he believes the cooperation between TokenPay, Litecoin and WEG will make bridging the gap between the old and new world "a tangible reality." A Cointelegraph in-depth analysis last month reported on the evolving financialization of the crypto ecosystem, which many stalwart crypto adopters regard with some skepticism. As the piece outlined, to date the crypto ecosystem has been driven by retail investors, rather than the venture capitalists and institutional investors who have traditionally led the world trading economy. Arguably, several major crypto industry companies are now moving towards an ecosystem that resembles the traditional financial sector more closely, as for example, with Coinbase's recently launched custodian solution for crypto assets, and its pursuit of a federal banking charter. Litecoin is currently trading at around $80 and is the 6th largest cryptocurrency with $4.5 billion in market capitalization, according to Coinmarketcap.


Robinhood's Zero-Fee Crypto Trading Platform Adds Support for Litecoin, Bitcoin Cash

Jul 12th, 2018

Robinhood's crypto trading platform has now added support for two additional cryptocurrencies, Litecoin and Bitcoin Cash. Financial services mobile app Robinhood has added support for Litecoin (LTC) and Bitcoin Cash (BCH) on its Robinhood Crypto Platform, according to a July 12 blog post. Robinhood's blog post notes that they are planning to "further expand our coin offerings and add support for coin transfers," writing that the entire Robinhood platform has a reach of more than 5 million people. Robinhood launched its zero-free crypto trading platform in February, originally supporting Bitcoin (BTC) and Ethereum (ETH), with trading available for U.S. residents in California, Massachusetts, Missouri, Montana, and New Hampshire. The app, which can be now be used across 17 states, raised $363 million in May during a series D funding round in order to expand its crypto-platform U.S.-wide. At the end of June, Robinhood had become the subject of rumors that they were launching their own cryptocurrency wallet after posting a job listing for cryptocurrency engineers. Also in June, Baiju Bhat, Robinhood's co-founder and co-CEO, said that he believes sovereign nations will eventually have crypto as their default currency.


Crypto Markets Experience Slight Dip But Still Hold Weekly Gains

Jul 19th, 2018

Thursday, July 19: crypto markets have seen a slight slump over the past 24 hours, but are still holding weekly gains of up to 64 percent among some of the top ten cryptocurrencies by market cap, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) keeps hovering around yesterday's levels, having seen an intraday low of $7,249. The leading cryptocurrency is slightly down by around .23 percent over a 24 hour period, trading at around $7,418 at press time and still up almost 20 percent over the past week. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index In contrast, the second top cryptocurrency Ethereum (ETH) is down around 5.5 percent today, trading at around $467, and still holds gains of around 9 percent this week. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Total market cap is down $9 billion from yesterday's high, currently at around $289 billion. Total market capitalization chart. Source: Coinmarketcap Stellar (XLM) is holding as much as 60 percent gains over the past week, trading at around $0.29 at press time, while down almost 2 percent today over the past 24 hours. The altcoin is now ranked 6th on CoinMarketCap, overtaking Litecoin (LTC). Cardano (ADA) also continues to hold a stable position around the top cryptos. Despite the fact that the coin has lost almost 5 percent over the past 24 hours to press time, it is up around 43 percent over the past week. Earlier today, the "first-ever crypto investment report" by digital asset management fund Grayscale Investments revealed that the majority of capital inflow this year has been made by institutional investors, as much as 56 percent in the first half of 2018. Yesterday, CEO and founder of Digital Currency Group Barry Silbert suggested that Bitcoin has "probably hit the bottom for the year," adding that "as an asset class it is here to stay ... I'm 100 percent confident a decentralized, non-fiat form of money is here to stay."


Major Crypto Assets See Solid Growth, Total Market Cap Holds Above $300 Billion

Jul 26th, 2018

July 26: crypto markets are seeing a healthy flush of green, with most of major crypto assets seeing solid growth over the 24-hour period, as data from Coin360 shows. After leading last week's major market rally when Bitcoin (BTC) broke the $8,000 psychological price point, the leading cryptocurrency has been consolidating its gains. Altcoins are also holding market confidence, with most of the top ten coins by market cap seeing growth of between 1 and 7 percent on the day to press time, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,230 to press time, up just over 1 percent on the day. The largest cryptocurrency peaked at just below $8,300 earlier today -- nonetheless shy of its weekly high of $8,431 yesterday, July 25. Weekly high in Bitcoin's 7-day price chart. Source: Cointelegraph Bitcoin Price Index Bitcoin's weekly and monthly gains are at a bullish 11.9 and 33.3 percent respectively, according to data from Cointelegraph's price index. Earlier today, Blockchain Capital partner Spencer Bogart bullishly compared Bitcoin's price to a "tinderbox," saying the asset is "waiting for reasons to go higher." BTC dominance by market capitalization is at 46.9 percent according to CoinMarketCap, just under yesterday's level, but still slightly above the 2018 record-high posted earlier this week. Ethereum (ETH) is trading around $478 at press time, seeing around

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

- Faster transaction confirmations (2.5 minutes on average)

- Scrypt-based mining proof-of-work algorithm

- 84 million litecoins

- Higher transaction volume than Bitcoin

- MIT/X11 license

Visit website open_in_new
Market share 0.00%
Proof type PoW
24h Open $23.67
24h Low $23.64
24h High $25.36
Price in BTC 0.00698983695255 BTC
Current Supply 59,545,948 LTC
Total Supply 84,000,000 LTC
Market cap $1,423,148,160
24h Volume (coin) 505,372 LTC
24h Volume (currency) $12,393,911
Last updated 2018-12-13 04:48:03 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume