Litecoin Creator Proposes Miners Voluntarily Donate 1% for Development

Litecoin (LTC) founder Charlie Lee proposed mining pool donations as a new funding method for cryptocurrency development.   “I think a better way to fund development is mining pools voluntarily donate a portion of the block reward,” Lee said in a tweet on Jan. 24, adding: “How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!” With 1% donated on a consistent basis, Lee’s suggested solution would provide enough funding for Litecoin permanently going…

Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018. Cryptocurrency market weekly overview. Source: Coin360 Cryptocurrencies’ volatile behavior is one of the main concerns raised by researchers and it complicates the argument that Bitcoin should be classified as a traditional investment asset and that it is a reliable store of…

Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’s Why

Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason. In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market. Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason. How have major…

BlockFi Includes Litecoin and USDC in Lending Portfolio

Cryptocurrency has gone through a lot of new developments over the past few months and today, cryptocurrency lending company BlockFi made a major new announcement. The company, which operates its own platform, announced today that it has added support for two more digital assets. Major Expansion The company announced that from now on, loans can be disbursed in the form of Litecoin as well as in the stablecoin USDC. USDC is backed by the United States Dollar. This is a significant development for Litecoin and USDC, as both those cryptocurrencies…

Crypto Lending Firm BlockFi Adds Support for Litecoin and USD Coin

Major cryptocurrency lending company BlockFi has added support for two new assets to its list of supported digital currencies. According to a press release shared with Cointelegraph on Jan. 8, the firm has added major altcoin Litecoin (LTC) and USD Coin (USDC) — the dollar-backed stablecoin from major United States-based cryptocurrency exchange Coinbase.  The new additions mean that BlockFi users can now trade and receive loans as well as interest with the aforementioned cryptocurrencies. Clients can earn monthly compounding interest through the BlockFi Interest Account (BIA). USDC carries an annual…

BlockFi Adds Litecoin, USDC to Its Lending Product Suite

Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the assets. The initial annual percentage yield on the assets will be 8.6 percent for USDC and 3.78 percent for litecoin.  In 2020, the company aims to add five to 10 new assets including USDC and LTC and is looking most aggressively at the top 20 cryptocurrencies by market capitalization and U.S.-domiciled dollar-backed stablecoins, said Zac Prince, BlockFi’s CEO and founder. USDC…

Litecoin ‘Largest Miner Capitulation’ Great News for Bitcoin — Analyst

Bitcoin (BTC) could have its bull market induced by Litecoin (LTC) as the latter enters a bullish renaissance, noted statistician Willy Woo has forecast. In a series of tweets on Jan. 6, Woo, well known in crypto circles as the creator of data resource Woobull, highlighted an upturn in Litecoin’s fortunes in recent weeks. Woo: Litecoin difficulty “in recovery” Specifically, it is the altcoin’s mining difficulty that has begun rising once more after more than six months of decline. The difficulty is a measure of how much computing effort is…

Bitcoin And Crypto Market On The Edge: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is likely preparing for the next move above $190.0B. Bitcoin price is holding the main $7,000 pivot level and consolidating gains. Litecoin (LTC) price is currently struggling to settle above the $40.00 region. Bitcoin cash price is consolidating near the $185 level, with hurdles near $192 and $195. EOS price is likely to slowly rise towards the $2.550 and $2.600 resistance levels. Stellar (XLM) price must stay above $0.0450 to recover towards $0.0500. Bitcoin (BTC) and the crypto market cap are holding key supports. Ethereum…

Bitcoin Wealth Inequality Drops in 2019 Unlike Ether, Litecoin: Report

Bitcoin (BTC) whales may have made headlines this month, but its wealth is more evenly distributed in 2019 — the opposite of major altcoins. That was among the findings of research by Clovr, which analyzed wallets and transactions from various cryptocurrencies in November. Bitcoin majority ownership requirement still top The results showed that Bitcoin’s wealth distribution has improved versus 2018, but among the top altcoins by market cap, whales are controlling more and more of the supply.  According to Clovr, which excluded wallets known or suspected to be attached to…

Bitcoin And Crypto Market Cap Nosedive: BCH, Litecoin, XTZ, TRX Analysis

The total crypto market cap is down more than $15.0B in the past three days. Bitcoin price is down around 4% and it even traded close to the $6,500 support. Litecoin (LTC) price is declining and it is now trading well below $40.00. BCH price dived more than 8% and it even broke the $185 support area. Tron (TRX) price was dumped after it broke the $0.01300 support area. Tezos (XTZ) is also down 8% and it is now trading near the $1.5750 support area. The crypto market cap and…