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Charlie Lee Officially Confirmed Litecoin (LTC) and TokenPay Collaboration

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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

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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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