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Charlie Lee Officially Confirmed Litecoin (LTC) and TokenPay Collaboration

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Litecoin
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The news about Litecoin starting a collaboration with TokenPay came exclusively on April 26. Charlie Lee officially announced that LTC will now be pairing up with TokenPay officially as it was implied earlier. However, the official statement made by the “first man” of Litecoin, contained Lee’s claims that Litecoin and TokenPay “are still exploring options”, which means that the partnership is not yet official. Let’s see what would it take to have TokenPay and Litecoin collaborating together, as well as what this collaboration could mean for Litecoin.

Is Litecoin Starting Collaboration with TokenPay?

Although Charlie Lee, the first man of Litecoin, is still keeping the public in the dark while all LTC enthusiasts and holders are waiting to see if the mentioned collaboration is actually going to happen in reality, there are some strong indications that this collaboration could turn official very soon.

As it is easily concluded, LTC came as a bit vulnerable after this currency lost its long-held spot as the fifth-best currency in accordance with the global coin ranking list. Its spot was lost to EOS, which easily climbed to the spot number five, that way taking it over due to significantly increased trading volume of EOS currency, while LTC went down taking the spot number 6 on the global coin ranking list.

This is probably the main reason why LTC is so closely monitored – the team lead by Charlie Lee is stepping up its game while trying to bring LTC to mass adoption while also working on having Litecoin partnering up with TokenPay as it was originally indicated in the not so far past.

Moreover, what makes us believe that TokenPay and Litecoin are set to officially pair up is the fact that Charlie Lee and TokenPay’s Derek Capo, revealed to the public that both, LTC and TokenPay are exploring an opportunity to include a German bank in a project that would involve crypto debit cards and many more.

In case you didn’t follow up on Verge and TokenPay story, if we go back a couple of weeks ago, you can recall that Derek Capo announced that the TokenPay team is planning on purchasing a German bank while the plan included Verge as TokenPay’s currency of choice.

Around the time when we were still unaware that Verge has started a crowdfunding campaign in order to collect 75 million XVG for a mystery partnership, the community believed that the mystery partnership was actually hiding TokenPay as a partner, to which the majority of XVG holders and investors were looking forward to.

In the end, it turned out that XVG was actually partnering up with MindGame which brought them to PornHub as one of the possible payment methods.

In case you are holding or are interested in holding XVG, you will be glad to know that this partnership is happening. Verge currency will be used in a bank in Munich in case Derek Capo buys the bank off as mentioned in the official tweet discussion between Derek Capo and Charlie Lee.

In this tweet public conversation, TokenPay was confirmed as one of the investors for the crowdfunding campaign, also adding that TokenPay is planning on adding more currencies besides from adding Verge to the Munich bank that is planned to be a part of a massive project started by TokenPay.

However, the Verge-TokenPay collaboration does not exclude collaboration between Litecoin and TokenPay.

In the further public conversation between the two representatives, Charlie Lee added that “he doesn’t care if Litecoin is 2nd”, thinking about the collaboration between Verge and TokenPay while indicating that LTC is more than ready to join this more than a promising project.

Derek Capo, as a reply, made an unofficial offer to Charlie Lee, stating that if he is interested in talking about real crypto debit cards, TokenPay is ready for collaboration as they will be buying off 9.9% of one of the German banks. At the end of his unofficial call for action directed to Charlie Lee, Derek Capo added that ”the battle of old world and a new world is just getting started!”, which means that TokenPay is planning on making a huge move towards leading cryptocurrencies towards mass adoption, which is definitely where Litecoin and Charlie Lee want to be.

How is Litecoin doing at the Current Moment?

At the beginning of April 26th, as per the atmosphere on the market, Litecoin was dropping for a bit over 5% against the dollar, while it was rising against BTC for a couple of percents since the market is massively going down again, which is the case for a couple of days now.

However, as of a couple of hours ago, Litecoin has seen a minor rise of 0.48% that soon rose to 0.82% against the dollar, which means that LTC is still trading in the green despite the atmosphere in the market.

LTC is also rising against Bitcoin by 1.98%, which means that Litecoin is currently doing better in the market when compared to BTC.

After the latest change in the market, Litecoin can be purchased at the price of 146.85$, which is still far from its all-time high of 366$ as marked in December of 2017.

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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 Marc van der Chijs via Flickr

Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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