Connect with us

Blogs

Toshi Accepts Litecoin (LTC): New Crypto on Wallet & dApp Browser’s Platform

Published

on

Toshi
READ LATER - DOWNLOAD THIS POST AS PDF

Despite its supposed dedication to Ethereum (ETH), dApp browser and wallet Toshi finally decides to open up and accept other cryptos. The good news is that one of the cryptos that the provider decided to include is Litecoin (LTC).

Litecoin joins Toshi

Toshi’s community has been loving the services that this dApp browser and crypto wallet has had to offer so far. However, that never stopped it from requesting that the provider opens up and accepts other cryptos as well.

So far, Toshi has been mostly focused on projects that had some connection to Ethereum (ETH), as well as on Ethereum itself. Now, however, it would seem that Toshi is finally ready to move on, and try out other digital currencies as well.

According to the announcement that Toshi released earlier this week, it will soon start accepting other cryptos. Crypto enthusiasts were delighted to hear this, but what really made everyone excited is the part of the announcement that said that Litecoin (LTC) will be included as well.

Unfortunately, the announcement did not mention a release date for this expansion as of yet. However, the excitement regarding the inclusion of LTC has already started to spread.

Charlie Lee decided to share in LTC supporters’ joy and has tweeted that Coinbase’s Toshi will soon include Litecoin as well.

The announcement, as big and important as it is, has yet to impact LTC’s price, however. The coin’s value has not been the most stable one, and even in the last 24 hours, it witnessed yet another drop of 1.89%. That puts its current value at $133.45 per token. However, many expect that it is only a matter of time before LTC’s new victory impacts the price, and delivers some much-needed stability to the coin.

Lee has tweeted in regard to this as well, trying to reassure the coin’s community. According to him, the price does what it does, and the most important thing is that the coin still manages to hang in there. For now, it demonstrated its ability to adapt. Not to mention the fact that others have shown their willingness to accept it.

LTC will let you fly

Another big development regarding LTC is its soon-to-be adoption by TapJets. The flight service provider decided that it is time to adopt another crypto as a method of payment, and it ran a poll on Twitter in order to determine which one its customers prefer. Litecoin was the clear winner, and the company decided to make their users’ wish come true.

In an interesting twist, Ripple (XRP) also turned out to have a lot of supporters among the firm’s users, which is why TapJets decided to go for this crypto as well. The communication with LTC was established first, and the company announced that Litecoin will become one of the accepted payment methods, starting next month.

Charlie Lee confirmed the new partnership in another tweet.

Blogs

XRP Surges By 8% In A Surprise Bull Run

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.

While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.

The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.

Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…

Continue Reading

Bitcoin

If Tether crashes, will that money pour into Bitcoin?

Published

on

Tether
READ LATER - DOWNLOAD THIS POST AS PDF

For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.

Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.

While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.

At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:

  1. Are all USDT coins fully backed?
  2. If yes, then where did that much money come from?
  3. If not, what will happen when the market discovers the lie?

Tether continues to keep secrets

As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…

Continue Reading

Bitcoin

Is Bitcoin (BTC) Better Than USD?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.

Bitcoin vs traditional money

Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.

However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.

Surprisingly enough, the report portraits Bitcoin in a very positive light.

The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…

Continue Reading

Elite