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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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