Litecoin has experienced a shaky start to 2018, with LTC prices dropping dramatically subsequent to the cancellation of the widely-hyped LitePay launch.
With Litecoin recently listed on Korbit - South Korea's second-largest cryptocurrency exchange - paired with the announcement of a popular wallet provider TenX launching LTC support Litecoin is making a strong comeback and appears to be ready to break back into the top 5 cryptocurrencies by market cap.
Litecoin Foundation director of operations Keith Yong announced the cancellation of the LitePay project on the 26th of March via the Litecoin Foundation blog, stating that Litepay CEO Kenneth Asare would be ceasing all operations and is preparing to sell the company.
The wallet provider has already launched LTC support on both their iOS and Android apps and, in a surprising move, have announced their intent to launch a TenX Litecoin debit card.
TenX recently added LTC to their wallets, and we are working with them to launch a Litecoin debit card.
TenX has announced it will support LTC, while Korbit, South Korea's biggest exchange, launched Litecoin trading.
In addition to a new payment gateway partnership, Litecoin has also recently announced a partnership with investment app Abra, who, according to Charlie Lee, will be using smart contracts on the Litecoin network in the near future.
Cryptocurrency wallet and payment card provider Wirex this week hinted towards LTC support, indicating that the platform is likely to begin facilitating Litecoin to fiat payments.
Charlie Lee Wants You to Pay for Porn With LTC. While the crypto community doesn't appear to have fully forgiven Litecoin for the LitePay fiasco just yet - founder Charlie Lee was recently roasted on Twitter for attempting to capitalize on the recent Verge Pornhub announcement hype.
With Litecoin exhibiting strong indicators and the impending launch of Litecoin payment cards, it's possible that we'll see Litecoin push toward the $200 level over the next month.
Litecoin Lighting Up, Approaching $200: LTC News Roundup
gepubliceerd op Apr 21, 2018
by Cryptoslate | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.