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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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