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Aliant and Litecoin Filling the Gap Left by LitePay

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Over the past few months, Litecoin has been experiencing a very torrid time, with the price not recovering as it was expected.  While there are still reasons why Litecoin has bright future, things are definitely not looking good for Litecoin at the moment. In spite of being one of the largest cryptocurrencies on the planet, and announcing recent partnerships for its expansion, Litecoin still sits at a low of $ 113.71 USD in an overall declining Cryptocurrency market with a market cap of $6,361,455,370

Recent Developments:

Litecoin recently announced that it has started integrating with Aliant, a payment system provider which works with small businesses and medium scale operations. Talks were going on from early February, with Litepay expressing interest in expanding and working with small to medium scale merchants.  This is aimed at allowing companies to access the crypto-community at large. This is not the first time however that Aliant has worked with a Cryptocurrency, with both Bitcoin and Ethereum integrating with Bitcoin and Ethereum. The merchant community, on the whole, seems to accept cryptocurrencies with open arms, as expressed by CEO Eric Brown in the following statement.

“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options.”

The Aim of the Project:

The integration between Litepay and Aliant is a step in the right direction for both companies. To Aliant, this is a great way to entice small-scale traders to embrace cryptocurrencies which in turn is a sign of the increasing market adoption if cryptocurrencies among the general populous. Even though Aliant also offers options for Bitcoin and Ethereum, Litecoins low transaction fees and faster transaction fees would be more suitable for small-scale vendors such as coffee shops or food trucks.

Filling the LitePay Void:

The Litecoin Foundation has only recently come out of a disastrous predicament when the much-awaited launch of LitePay was eventually scrapped. The cancellation news of Litepay thus came as a surprise to the crypto-community which in turn generated quite a negative sentiment in the market. This was not helped by, any news sites, which quickly put the blame on the Litecoin Foundation for the failure of Litepay.  As a result, prices dropped dramatically for the next few weeks. It was not until CEO Charlie Lee addressed the situation and made things clear to Litecoin’s expansive community and development base. It should have noted that Litecoin has experienced immense success in the past, with Segwit implementation ahead of Bitcoin and the fast “Lightning network” being the major breakthrough for the Cryptocurrency.

Final thought and Predictions:

Integration between Litecoin and other payment processors is nothing new to the company. However, Aliant marks the first official company to- complete all registration requirements which were outlined by the LTC foundation.  In fact, the news of the partnership is a definite source of some positive sentiment among Litecoin users, as it reaffirms the development team’s commitment to growing the availability of LTC transactions around the world.

Since merchants and other commercial businesses are skeptical about the volatility of the Cryptocurrency market. People, who are backing the project, however, have stated that the expansion of Litecoin will have a positive impact on its price, as well as opening the door for Litecoin adoption in the general public. If all things go according to plan, Litecoin may experience an uptrend in price levels in the coming months.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pawel Biernacki via Flickr

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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