Category: Litecoin
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South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies
The Minister of Finance of South Africa, Tito Mboweni, explained in a letter on Jan. 2 that the region’s government has created a regulatory working group dedicated to cryptocurrencies. According to Mboweni, the working group includes representatives from multiple South African agencies and aims to produce a comprehensive regulatory response to the growing digital asset…
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Japan’s DMM Exiting Cryptocurrency Mining Business
Japanese e-commerce giant DMM.com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations…
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December Volume Report: Top Markets See Strongest Trade of H2 2018
The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume. Also Read: Report: Indian Government Updates Progress on Crypto Regulation USDT and…
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Bitcoin Cash Mining Showcased at the Houston Rockets Game
On Dec. 27 the Houston Rockets challenged the Boston Celtics. During the game’s intermission, two contestants participated in a contest called the Antpool Red Planet Race. The participants played a game that involved ‘mining’ bitcoin cash (BCH) on the court floor in the hope of winning $300 worth of BCH. Also Read: Many Self-Proclaimed Bitcoin Inventors…
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A Look Back at the Top Cryptocurrency Markets From Christmases Past
The cryptocurrency ecosystem has grown dramatically in just a few years, with the number of crypto markets increasing from 59 in 2013 to over 2,000 today. Looking at historic snapshots of the cryptocurrency markets from Christmases past also shows a significant turnover in the leading altcoins by market cap. Also Read: Report Finds a Strong Relationship…
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Feed 7 Different Species at the River Forest Farm’s ‘Bitcoin Cash Zoo’
Back in October, members of the Bitcoin Cash (BCH) community discussed feeding chickens with mealworms over the internet from remote locations using BCH microtransactions. Now BCH users can provide food for horses, baby goats, roosters and more using River Forest Farm’s livestream and pay for feed using bitcoin cash. Also read: This Chicken Coop Feeder Is…
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The Unflappening, Bitcoin Cash Leaves Litecoin to Roost
Bitcoin Cash has reclaimed its position above Litecoin, by market capitalization, following meteoric gains in sync with the latest market upswing. Roger Ver can once more claim crowing rights from Charlie Lee. LTC enthusiasts have eagerly awaited the coin’s ascension above BCH, going so far as to build a website dedicated to monitoring the event.…
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Despite 2018 Bear Market, Top Crypto Markets Have Outperformed FANG Stocks Since 2017
Despite the 2018 cryptocurrency bear trend renewing gleeful predictions of bitcoin’s demise from mainstream financial analysts, the leading crypto markets have dramatically outperformed the ‘FANG’ (Facebook, Apple, Netflix, and Google) stocks since the start of 2017. Also Read: Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018 FANG Stocks Up Between 25% and 115% Since…
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BCH-Based Openswap Client Will Feature Trustless Atomic Swaps
On Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion. Also read: Markets Update: Bears…
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Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?
The current crypto bear market is dragging on, with billions in cryptocurrency wealth wiped out in 2018. The trading volume of six year-old Coinbase has hit a yearly low. Despite the crypto winter, the company is continuing to raise funds and has reached an impressive valuation of $8 billion. But is this figure justified and…