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Bitcoin and Litecoin are 2019s Best Performing Cryptocurrencies

Bitcoin and Litecoin are 2019s Best Performing Cryptocurrencies

2019 has been a rollercoaster of a year that has seen massive gains and equally massive losses across the crypto space. Although Bitcoin and Litecoin are down around 50% from their yearly highs, they remain this years best performing assets, far out pacing traditional markets including the S&P500 which has posted+17.23% year to date (YTD). According to data from Tradingview and Barchart.com Bitcoin has risen +123% YTD, and was up +288% at its peak in June of this year when it reached $13,880. Meanwhile Litecoin is up +93% YTD and reached +368% at its peak of $145.63. Currently standing, this

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Zap Introduces Olympus an instant Fiat to Lightning On Ramp

Zap Introduces Olympus an instant Fiat to Lightning On Ramp

Last week Jack Mallers the creator of the Lighting wallet Zap, which supports Bitcoin and Litecoin, announced via twitter, a new project titled Olympus. A standalone component and compliment to Zap allowing for fiat to lighting payments in seconds. What if you could go from fiat in your bank account to non-custodial Lightning payments in seconds? What does onboarding the masses look like? In a blog post expanding on Olympus, Mallers explains that the project came around from his own desire to remove friction for new users getting into the space and increasing adoption of the lightning

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Litecoin Core 0.18.1 Enters Final Testing

Litecoin Core 0.18.1 Enters Final Testing

Litecoin Core, the most popular full node implementation of Litecoin is getting closer to its next major release. The Litecoin projects lead developer, Adrian Gallagher hinted at the next update with screenshots posted to his twitter account stating: Litecoin Core 0.18.1 coming together nicely! Core currently accounts for just over 90% of the entire network according to data provided from Blockchair, with the latest build 0.17.1 making up around 50%. It also appears that just over half of the network is ran from the US, Germany and France although this does not account for all available

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The Crypto Rating Council Declares Litecoin is Not a Security

The Crypto Rating Council Declares Litecoin is Not a Security

Yesterday the newly formed Crypto Rating Council (CRC) released its first batch of 20 digital asset ratings. The CRC consists of 8 large companies in the space: Coinbase, Kraken, Bittrex, Circle, Grayscale, Genesis, Cumberland and Anchorage. The group was founded according to their website, around a shared commitment to ‘responsible growth and maturation of cryptocurrency markets and related financial infrastructure and trading services’. We formed the Crypto Rating Council to create a framework to consistently and objectively assess whether any given crypto asset has characteristics that

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Ron Paul & Bobby Lee Join a Talented Lineup for the 2019 Litecoin Summit

Ron Paul & Bobby Lee Join a Talented Lineup for the 2019 Litecoin Summit

The talented lineup for this years Litecoin summit taking place next month at the Cosmopolitan, Las Vegas keeps growing. Yesterday the Litecoin Foundation, who run the event, announced former Texas congressman and long term Bitcoin/Cryptocurrency advocate Ron Paul, will take to the stage. Paul will join the likes of Bobby Lee, Board Member of the Bitcoin foundation and CEO of Ballet who are a gold sponsor of the event. Alex Mashinsky the CEO of Celcius Network (the events title sponsor), a crypto lending platform the foundation has recently partnered with, will also be providing a keynote on

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Litecoin Falls -16% in a Flash Crash Before Rebounding

Litecoin Falls -16% in a Flash Crash Before Rebounding

Just as things were starting to look up the market takes a sudden turn to the downside, however, whilst some are fearful others are seeing an opportunity to add to their position. There does not appear to be any particular news that lead to the fall. The sell off occurred at the break of the prior trading channels lower support with a violent -3.6% move down in one minute at 21:59 UTC. The next 10 minutes looked weak and eventually lead to a cascading sell off of a further 10% of the markets value in under 5 minutes. According to data from coingecko, it appears a total of ~$330m worth of

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Litecoin Transactions Spike, Breaking Yearly Highs.

Litecoin Transactions Spike, Breaking Yearly Highs.

On the 19th of September 2019 the Litecoin network saw another spike in transactions being sent, 48,582, according to data provided by bitinfocharts, breaking the prior yearly high on June 22 of 47,962. It’s unclear what the underlying cause behind the anomalous spike is but based on other public data, it does not appear to be another dust attack per se. There has been an increase in usage in the few days prior that seem on initial glance to be fully legitimate. Using Blockchair’s filters it looks like there have been a few suspect transactions in blocks 1704981, 1704984, 1705040, 1705035

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Litecoin SegWit usage reaches a new All Time High surpassing 75%!

Litecoin SegWit usage reaches a new All Time High surpassing 75%!

It has been just over 2 years since Segregated Witness was activated on the Litecoin network and over those years adoption of the technology has been somewhat moderate, settling and flatlining at around 50% for the majority of 2019. Since August that number has soared, peaking yesterday at 75% and setting a new all time high for the metric breaking the previous peak of 66% in November of last year according to data provided by Blockchair. We reached out to Litecoin Core Developer, Loshan who said of the news: Litecoin led the way forward in adopting the bloat-reducing tech: SegWit. In the

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The Litecoin Foundation deposits part of its Treasury with Crypto Lender, Celsius

The Litecoin Foundation deposits part of its Treasury with Crypto Lender, Celsius

The Singapore based non-profit Litecoin Foundation, lead by Litecoin founder Charlie Lee, has invested an undisclosed portion of its capital with crypto lender and loan provider, Celsius, reports Coindesk. The move hopefully will open up another stream of revenue for the foundation with which to further support their operations. Celsius was recently announced as a ‘title sponsor’ of the 2019 Litecoin Summit taking place next month in Las Vegas and it appears as part of the new relationship between the two the Foundation has also named Celsius as it’s ‘preferred crypto wallet’ with

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Litecoin Rallies +10% Breaking Resistance, are the Bulls back?

Litecoin Rallies +10% Breaking Resistance, are the Bulls back?

It has been painful yet predictable market behaviour following on from the Litecoin network reward halving, but signs are starting to indicate a reversal as Litecoin has rallied 9% already this week breaking out above the first level of overhead resistance. Perhaps this is a sign of things to come as ground was also made against Bitcoin. Litecoin has been in a down trend since July which has seen 50% of its market capitalisation wiped out, however that now appears to be coming to an end after bouncing from historic support levels around $60. Since the start of September Litecoin has appeared

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