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Litecoin (LTC) partners with TenX to launch Litecoin debit card

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In the crypto market, top coins like Bitcoin and Ethereal are seeing optimistic days lately. On the other side, Litecoin has been facing a few difficulties recently — and has not been able to maintain its spot in the top 5 rankings. However, it has something (in fact, a couple) very exciting coming up. The Litecoin foundation and TenX have come together to introduce something that more likely is going to impact their users, in a positive way.

TenX will now start supporting LTC on Android as well as iOS. indeed, it truly is one step ahead. But even more, exciting news is, TenX and Litecoin are looking to start a co-branded card. Regarding this new plan, more updates from both companies are expected to come out soon officially.

The TenX team notes on their blog:

“We are also excited to announce a new partnership; we have reached out to, and are working with the Litecoin Foundation to introduce a co-branded card for which more information will be available soon. We hope to become the preferred payment platform for fans and owners of Litecoin, and cannot wait to see you use our wallet and join the revolution!”

With this update, we know that Litecoin is not going to be extinct. Although there were questions about LitePay being launched and canceled; it looks like Litecoin has come up with something that will change its trend.

Undoubtedly, Litecoin still seems to be an important coin in the market that has potential profits — one must not forget it still is in top 10 cryptocoins list (ranks 6th, currently), there must be some good reasons behind that, right? Earlier Abra had chosen Litecoin as their primary asset, and now with TenX partnership, it looks like Litecoin will see good times.

Apart from this, there is yet another good news that Litecoin community has got. LTC has now become available on Korbit, which is the most reputed cryptocurrency exchange in South Korea.

Charlie Lee has even made an official announcement about their listing, and he also put up a witty remark directed to Gemini saying:

 “Korbit is now trading Litecoin!’, The last remaining major exchange not supporting LTC yet is @GeminiDotCom. What are you waiting for?

With a ranking of #28 on the Coinmarket cap, Korbit is the biggest south Korean platform to exchange cryptocurrency. The exchange has been used to trade the top coins like Bitcoin, Ripple, Ethereum and now it offers Litecoin trade as well. Indeed, this is another definite advantage to the Litecoin.

The Litecoin network’s story began in 2011, and it has a promising history as it competes against the major coins like Bitcoin and Ethereum, and was always considered one of the top coins. The coin has been doing quite well except for a few dips like the one recently, due to the fact that LitePay didn’t happen. But now with all these promising partnerships and listings on top exchanges, it might be able to fill the LitePay’s void nicely.

The one reason why many users prefer Litecoin is also because of its easy accessibility. Besides, it has a really fast transaction rate. In fact, it just takes around 2.5 minutes for a block. Nevertheless, LTC is faster that Bitcoin itself that takes nearly ten minutes to process. At the moment, Litecoin has a trading value of $150 per token and has $8 billion market cap.

Consequently, earlier there were speculations raised about how the value of Litecoin will go up to $100 by the end of the year. However, we will have to wait and see if all of these benefits will actually help raise the value of the coin to what is speculated or even more than what is speculated.

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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 Paul Istoan via Flickr

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Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming

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As games migrate to the blockchain and become increasingly complex, Ludos Protocol is set to capture this new market. It’s creating a solid ecosystem of DApps and toolboxes that provide Blockchain as a Service for developers to build and maintain sidechains.

Ludos Protocol solves one of the biggest issues that has given investors qualms about blockchain gaming: scalability. An overcrowded mainchain is a perennial problem that has hindered the progress of even the best-funded blockchain gaming applications. Thanks to a hybrid of Proof-of-Work and Proof-of-Stake consensus algorithms, Ludos Protocol is able to implement a multi-sidechain system. This allows any populated game to deploy its own sidechain of transactions while keeping the mainchain throughput at a minimum.

This is why Ludos Protocol has attracted investment from fund behemoth Softbank, whose previous ventures include Uber and Alibaba. Ludos Protocol is the fund’s third-ever foray into blockchain.  

Industry trends attest to Softbank’s interest in Ludos Protocol. Gaming produced a global revenue of over $200 billion in 2017, according to the latest report by Digi-Capital. It is a figure that is expected to grow to $300 billion by 2021, making the industry one of the most lucrative in the digital economy. It is also one of the ripest for change by blockchain technology. The development of a comprehensive blockchain infrastructure that suits the evolving needs of the…

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Why Investors Should Closely Follow the Earnings Season

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The earnings season has arrived, and investors around the world are excited to see what reports are companies going to publish. This is important as these reports contain companies’ earnings for the current year, which can provide investors with some valuable insight.

No matter what announcements the company has made throughout the year, it is the earnings report that indicates the firm’s true performance. As such, it often has a significant impact on its public image, the price of its stocks, as well as investors’ interest.

Earnings reports can open up new opportunities

When it comes to the cryptocurrency markets, 2018 has brought both, volatility and stability. Most of the time, prices were relatively stable, but this state was only reached after a harsh drop in January 2018. Since then, several smaller price surges, followed by just as large price drops, hit the market once again.

As a result, crypto traders were prompted to look for alternative investments. Earnings seasons often present numerous opportunities for resourceful investors. Analysts claim that earning reports managed to significantly impact prices of shares (by over 5%) since 2001.

It is expected that a lot of companies will try to take advantage of the earnings season in order to make a comeback, especially after the hit that markets suffered back in October. Various firms will also likely show insight into how the market behavior affected their profits and business, in general.

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TokenPay Litecoin Verge
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Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.

The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.

In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.

In his remarks, he said that Litecoin as a blockchain and crypto network is a decentralized network, whereas Litecoin Foundation as a company is a centralized non-profit institution whose goal is to ensure Litecoin (LTC) is developed, adopted, and used. Charlie also mentioned that Litecoin’s cryptocurrency and blockchain technologies did not require his direct services at the moment hence his concentration on Litecoin Foundation.

Charlie Lee made his remarks known saying:

“If Litecoin Foundation (LF) is exposed to not doing a good job, nothing should prevent another organisation to step in and do a better job. This is…

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