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Litecoin Trading Price Surges After Gemini’s New Announcement

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Despite the recent price drop that has hit most of the crypto market pretty hard, things are looking up for a lot of coins once again. Litecoin trading is especially deserving of praise due to a new price surge that came after Gemini recently announced LTC trading on its platform.

While the LTC gains are still nothing spectacular at this point, the current situation may still be only a beginning of a new prosperous period.

Litecoin trading price moves up

The world of cryptocurrencies is still very young and full of energy and innovation. As such, there is always something going on, especially when it comes to altcoins, all of which struggle to prove themselves and become the next big thing.

In Litecoin’s case, it would seem that the momentum is turning around, after months of not so great performance. Even though the current gains are not that big, with the price going up by only 2.52% at the time of writing, this is still a very positive change.

Due to the fact that most other coins are still relatively undisturbed, analysts are having a hard time deducing whether this nudge is a beginning of a bull run or only a temporary change. Still, thanks to the fact that even Bitcoin itself is currently in the green, the entire crypto community choose to see positive Litecoin trading as a sign of hope.

While many expect this weekend to bring interesting development to the world of cryptocurrency, Pattern Capital Management seems to believe that a big volume spike has already started. They have just announced a serious volume spike, and while the current $215M in trades is definitely not bad for LTC, more is always welcome.

Additionally, Litecoin is also celebrating its seventh birthday today, which is not a small thing, considering that the crypto world itself is only 9 years old. Also, it should be noted that most crypto projects tend to disappear before even reaching their first anniversary. Despite the fact that Litecoin itself is not the most innovative project, it is still one of the more robust ones and is bound to remain around for a long while yet.

Litecoin gets listed on Gemini

However, the biggest news regarding Litecoin in the last several days came from the Gemini exchange, owned by the Winklevoss twins. Gemini, as mentioned earlier, announced that they are finally allowing Litecoin to join their list. Litecoin’s Charlie Lee has been excited about this development for months now and has left a few hints of it on multiple occasions.

While many took it as a joke at the time, Litecoin trading will now finally become possible on Gemini’s platform, starting next Tuesday.

While LTC price is still growing only by a few percents, this positive movement should not be overlooked. Not only because it may be a hint of greater things to come, but also because LTC is a coin that has struggled greatly, and every positive development should be praised. Now, since the weekend is here, a lot of investors expect big things to start happening at any time. After all, cryptocurrencies have a tendency to have their largest events happen on weekends for some odd reason.

Whether something will happen or not still remains to be seen. For now, however, LTC’s community remains joyful, while the rest of the crypto world is holding its breath and waits for a new bull run to start.

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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 melfoody via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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