Connect with us

Blogs

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

Published

on

Litecoin
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite