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Litecoin accepted here: A massive campaign deployed by Litecoin (LTC)

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Litecoin
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Litecoin (LTC) suffered a breakdown right at the starting point of the reviving phase of the crypto market, and even 8 weeks after the prolonged dip of the sector reached an end. This way, the fifth position which for a long time was taken by LTC, was replaced by EOS, the ETH backed coin that pushed LTC one position down.

As it was to be expected, under the circumstances the LTC team decided to fight back. That’s why it created the currently massive adoption campaign that is being deployed under the name of “Litecoin accepted here”, an initiative that has made a lot of people to feel very excited. Let’s find out more about it!

The ‘Litecoin Accepted Here’ campaign

Yesterday, in the morning, Litecoin (LTC) started the day with a tweet that from many points of view was very particular. On the tweet, LTC published a message with a thought-provoking question that said: “Does your business accept Litecoin?”.

Additionally, the team representative encouraged in the tweet all of the LTC users and potentially interested people to get in contact with them for having the possibility of being included in the project they are deploying currently.

Although there was no information in the tweet regarding the project, it results evident that the Litecoin team is planning to deploy a massive adoption campaign very soon. With this initiative, a potential result may be that many small and medium businesses will start adopting the LTC token as a payment option for the services or products they provide.

If such is the case, where many companies start adopting the LTC coin, Litecoin may probably see a remarkable rise in their prices one more time, and consequently, it will have a massive acceptance. In addition, this could also boost the exchange volume of the coin, and very possibly to grant them the fifth position once again.

Wiki Leaks and the LTC acceptance

On April 25th, the Wiki Leaks shop reported they will be now accepting the virtual coin LTC as a payment method. This is something not to be surprised of since the founder of the company, Julian Assange, has consistently shown his support for decentralization, data privacy, and in general terms blockchain technologies. Thus, the official announcement made through the Official Twitter account is actually not that unexpected.

Subsequently, the LTC is not the only coin the Wiki Leaks Shop will be accepting. In fact, they will now accept all of the virtual coins supported by the coinpayments.net platform, a network that supports and promotes many virtual coins as a payment method.

The Litecoin-Wirex pair

Wirex recently made the announcement that Litecoin was going to be accepted on their wallet application in addition to the already in use, Bitcoin. Regarding this decision they have cleared up that their choice is based on the fact that they found Litecoin is way safer and faster than Bitcoin, and that it also has lower chain fees.

Furthermore, the wallet app team stated as well that they have strong reasons to believe that Litecoin will be massively accepted very soon, so the action of enlisting it as a payment method serves a well-deployed strategy.

This way, the wallet app specifically built to accept various Visa Debit Cards, will also be able to accept LTC as a payment method, an action it already deploys with Bitcoin.

The market landscape for Litecoin

It all appears like LTC is putting all of its efforts in making its token to be globally accepted. However, the recent behaviors of the market have made this a difficult task with stubborn decreases we can see very often.

Let’s recall that in the last market wiggle, LTC decreased 5 percent against the dollar. Although this is something they managed to resolve just a few hours later when they achieved to increase up to a 0.48%, recovering once again the green trading numbers.

In the current scenario, LTC is trading up against Bitcoin rising up in a 1.72% above the behavior of BTC, a fact that implies LTC is playing a little bit better than Bitcoin considering how the market is acting as a whole.

The price of Litecoin at the moment is $149.91 per unit, and even though is far from its highest price of $333 the unit, it is now ranked as the 6th most important cryptocurrency in the market; and that’s something may even improve any soon if they manage to recover the number 5th spot on the list.

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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 Steve Jurvetson 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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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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