FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Winklevoss Twins Eyeing Litecoin for Gemini Exchange
Connect with us

Blogs

Winklevoss Twins Eyeing Litecoin for Gemini Exchange

Published

on

Winklevoss
READ LATER - DOWNLOAD THIS POST AS PDF

Litecoin is gaining traction as one of the major cryptocurrencies on the market. Where Bitcoin has dominated the digital currency landscape, Ethereum is the same for smart contracts. However, Litecoin’s strong advantages compared with Bitcoin have made them a near parallel option. As exchanges expand and increase their offerings beyond the big two, Litecoin is almost always in the running for initial product offerings. Recent announcements by the Winklevoss Twins have suggested that the two are actively seeking to include Litecoin in their Gemini exchange. This is a major triumph for the cryptocurrency referred to as ‘The Silver to Bitcoin’s Gold.’

Litecoin’s Exchange Proliferation

Although technically an altcoin, Litecoin has repeatedly proven that they have the ability and the desire to compete with the major blockchains. It is still surprisingly difficult to purchase cryptocurrency directly with fiat. Most gateways focus on Bitcoin, but Litecoin has racked up a considerable amount of LTC/USD trading pair locations. Major exchange Kraken offers a direct fiat exchange for Litecoin, as does Bitfinex. While these are significant options, they still pale in comparison to the key gateway; Coinbase.

Above all other exchanges, Coinbase is the easiest to use and the highest volume for direct fiat exchanges. They offer only four cryptocurrencies; Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Due to their ease of use, Coinbase is the choice of most new investors. All inter-currency trading happens on sister site GDAX. Even the slightest rumor of addition to Coinbase can cause a currency’s value to skyrocket. That Litecoin is available on this site is a major feather in their cap.

The Gemini Exchange

As one of a select few cryptocurrency related businesses legally operating in New York, Gemini is an up and coming fiat gateway. Their slick presentation and ease of use are easily competitive against Coinbase. Further, the work that Gemini has put into obtaining licenses and certifications makes them one of the most reputable exchanges on the market. It helps that the owners and operators of Gemini are the vaunted Winklevoss Twins – known for a multitude of successful tech-based projects.

During recent interviews, the Winklevoss Twins have stated that they hope to introduce new coins to their exchange. When further questioned, they added that their immediate focus is on coins within the Satoshi family – Litecoin and Bitcoin Cash. This would open up new avenues for the futures offered by CBOE Global Markets, which operate exclusively with prices backed by Gemini. Obviously, this would also have a huge effect on the valuation of Litecoin itself.

Greater Adoption of Litecoin

Litecoin is in the middle of a marketing blitz. They have announced two separate products that seek to bring Litecoin use into the real world – LitePay and LitePal. LitePay’s recent release has hit a roadblock in the face of the recent cryptocurrency rejection by major credit card companies. However, it still provides the ability for merchants to fully integrate Litecoin transactions into their business. LitePal’s release is scheduled for later this year and will create a digital landscape for Litecoin use that operates in a similar fashion to Paypal.

If Litecoin continues to be adopted by large exchanges, we may see the overtaking of Bitcoin Cash’s market cap. This event is dubbed ‘The Flappening’ by the founder of Litecoin. This is a play on ‘The Flippening’ that investors anticipate happening between Bitcoin and Ethereum. While we are still quite some distance from this occurring, the array of positive news gives the idea a lot of credibility.

Crypto Quicksilver

The ‘Silver’ cryptocurrency has a bright future ahead of it. The low transaction fees and rapid processing already give Litecoin a massive edge over the competition on Coinbase. Users may buy into Ethereum or Bitcoin, but the smarter investors don’t leave the exchange using these coins. The ability to trade ETH and BTC for Litecoin on Coinbase’s GDAX exchange severely reduces the fees associated with funding an exchange account.

The same will almost certainly be true of Gemini if they do decide to add the upstart digital currency. Should we see Litecoin futures as a part of Gemini’s futures agreement, that will further increase its value? The propensity towards crypto index funds is also a potential positive, as any fund will include the major currencies – of which Litecoin is one of the best.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of TechCrunch via Flickr

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Blogs

Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

Continue Reading

Elite