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Litecoin News: LTC Pushes Up, Breaches The Old Limit

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Litecoin News

In the last 24 hours, amid some good Litecoin news, LTC is recording rather impressive gains. For several days, the seventh largest digital currency by market cap balanced just below $50, been unable to hit this important milestone (once again).

However, this changed recently, when LTC price surged by almost 3%, which allowed the coin to hit the $50 mark finally, and even exceed it. At the time of writing, the coin’s price is just above $54, with a 0.1% increase in the last 24 hours.

While a lot of LTC supporters greeted this Litecoin news, the coin has yet to stabilize. Due to the fact that the market still has not left the bearish trend behind, LTC might still drop to its old price.

However, many see this as big progress, believing that Litecoin will remain above $50. This is supported by the fact that LTC has already experienced slight drops since it passed this milestone, but its price has not gone below it. While it is still too early to say that $50 is the new bottom, many hope that his will turn out to be true.

Any predictions made right now are unreliable, as Litecoin is trying to stabilize after finally making this progress. Ever since it initially surged, its price was jumping up and down, usually by a few cents.

However, the trading volume has, in fact, go up by quite a bit. Following the Litecoin news, LTC volume increased to $372 million. Earlier price predictions for LTC claimed that the coin would hit as much as $600 by the end of the year. Considering how things are now, this almost certainly not going to happen, and it would take quite a bull run for LTC to even come close to this milestone.

Numerous analysts agree that something like this can still happen in 2019. Right now, Litecoin is clearly growing and attempting to establish itself at its new price. The effort is evident to analysts and investors alike, and the coin’s community has been thrilled to see such progress.

Why is Litecoin attracting attention?

Despite the fact that Litecoin is decentralized — it still managed to attract the attention of institutions, and even crypto funds. Investments started coming in, and this is likely the reason for the current growth. It is also open-source, it offers better speed than Bitcoin, and it is a cheaper option for those looking to make transactions.

In addition, the mining process is simpler, volatility is lower than that of BTC, while developers are quite skilled. On top of that, its total supply is relatively low, at 84 million tokens, all hardware wallets support the coin, and finally, LTC is one of the favorite coins of the people of China. Clearly, LTC has a lot of good things happening, and it has a lot to offer.

While it is unlikely that 2018 will end with LTC hitting $600, it is undeniable that the coin is making serious progress.

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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.

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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