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Cryptocurrencies/Coins/Litecoin (LTC)
Litecoin price, market cap on Coin360 heatmap

Litecoin(LTC)

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$60.8289
(0.53%)
0.00260024 BTC
Market Cap (Rank#22)
$4,317,052,846
184,540 BTC
Vol 24h
$98,449,587
4,208 BTC
Circulating Supply
70,970,368.78
Max Supply
84,000,000
3h agocryptosrus
Ripple CTO lashes back at Vitalik Buterin for his dig on XRP
Covered: Ripple CTO Responds To Vitalik Ripple CTO Responds To Vitalik David Schwartz, the chief technical officer of Ripple, didn’t take Ethereum co-founder Vitalik Buterin’s dig on XRP very kindly. In a discussion that started around the recent $30,000 limit imposed by the Ontario crypto exchange on altcoins purchases barring Ether (ETH), Litecoin (LTC) and […] The post Ripple CTO lashes back at Vitalik Buterin for his dig on XRP appeared first on CryptosRus.
5h agocryptodaily
Canada heavy-handed overreach continues with crypto restrictions
On the heels of imposing the emergency act on their own citizens, the Ontario Securities Commission has now restricted the purchase of cryptocurrencies, explaining the move as being able to better “protect crypto investors”. Canada sees changes From what was once seen as a genteel, benign, and easy-going country, Canada has arguably become a much more restrictive state over just the last several months. A media blackout prevented the coverage of events in Ottawa as peacefully protesting truckers were violently arrested and many sympathisers had their bank accounts seized or crypto wallets blacklisted if they sent any funds to the cause. Invoking the Emergencies Act which allowed the police to go beyond what was normal, was seen by many as severe government overreach. Exchange explains restrictions Now, Canada-based cryptocurrency exchanges Bitbuy and Newton have been forced to set a $30,000 annual buy limit for customers on most cryptocurrencies in order to comply with regulations imposed by the Ontario Securities Commission (OSC). Newton put out a post detailing the new regulatory changes, and which also sought to explain why the new measures were being imposed. “These changes are to protect crypto investors, like yourself, and to make sure investors are aware of the risks associated with investing in crypto assets.” Puzzling omittances from restrictions The new restrictions have not been imposed across the board, and Bitcoin, Ethereum, Litecoin, and Bitcoin Cash have been spared. Also, if the exchange client lives in BC, Manitoba, Alberta, or Quebec, the regulation does not apply at all. It might be said that not applying restrictions on Litecoin or Bitcoin Cash shows that the OSC is rather a long way behind in understanding how the cryptocurrency market has changed over the last few years, given that both are outside of the top 20 cryptos ranked by market cap. That the Canadian regulatory watchdog probably couldn't be bothered to find out such a simple fact says volumes about its lack of knowledge and eagerness to just suppress cryptocurrencies as quickly as possible, without even investigating which ones are most purchased outside of Bitcoin and Ethereum. CBDCs to prop up system The Canadian government is currently studying the viability of a central bank digital currency (CBDC). However, this could lead to a complete loss of financial freedom and privacy for its citizens. Regulators around the world are likely to continue to attempt to shackle and suppress cryptocurrencies, all the while citing the ‘scams’ and the ‘risks’ to investors and the monetary system as a whole. However, the house of cards that currently is the fiat debt-backed monetary system, is teetering on the brink of collapse. Whether this happens within a year or 3 nobody knows, but the chances of this happening are certainly high. Cryptocurrencies certainly have their issues, but a decentralised world where citizens can be their own bank and pay whoever they want is vastly preferable to the ball and chain that comes with a CBDC. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7h agocryptodaily
Japan's SBI Remit To Use Ripple Technology, Crypto Daily TV
In Todays Headline TV CryptoDaily News: Coinbase will stop ETH and ERC-20 transactions during The Merge. During the Ethereum Merge, the crypto exchange Coinbase will temporarily pause deposits and withdrawals of ETH and ERC-20 tokens as a precaution. Bitcoin miner PrimeBlock ditches SPAC listing plan. Bitcoin miner Prime Blockchain Inc., also known as PrimeBlock, has dropped its public listing plan via a blank-check company merger valued at US$1.25 billion, joining a number of crypto firms that have delayed or canceled similar listing plans. Japan's SBI Remit to use Ripple's technology for instant money transfers. Japan's SBI Remit has struck a deal with Ripple to use RippleNet for instant money transfers between Japan and Thailand. BTC/USD plummeted 1.4% in the last session. The Bitcoin-Dollar pair plummeted 1.4% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 23377.2633 and resistance at 24473.4733. The Ultimate Oscillator is currently in negative territory. ETH/USD plummeted 1.3% in the last session. The Ethereum-Dollar pair plummeted 1.3% in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis. Support is at 1824.721 and resistance at 1940.041. The Ultimate Oscillator is currently in the negative zone. XRP/USD made a minor downwards correction of 0.2%. The Ripple-Dollar pair corrected downwards in the last session, falling 0.2%. The Williams indicator is giving a negative signal. Support is at 0.3623 and resistance at 0.3856. The Williams indicator is currently in negative territory. LTC dropped 0.9% against USD in the last session. The last session saw Litecoin fall 0.9% against the Dollar. The Stochastic indicator's negative signal aligns with the overall technical analysis. Support is at 59.3433 and resistance at 62.6833. The Stochastic indicator is currently in negative territory. Daily Economic Calendar: US Continuing Jobless Claims The Counting Jobless Claims measures the number of unemployed individuals who are currently receiving unemployment benefits. The US Continuing Jobless Claims will be released at 12:30 GMT, the Austrian HICP at 07:00 GMT, and Australia's Employment Change at 01:30 GMT. AT HICP The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). AU Employment Change The Employment Change is a measure of the change in the number of employed people, which in turn shows the Labor market's strength. JP National Consumer Price Index The National Consumer Price Index measures price movements obtained by comparing the retail prices of a representative shopping basket of goods and services. Japan's National Consumer Price Index will be released at 23:30 GMT, the UK's GfK Consumer Confidence at 23:01 GMT, and the Dutch Unemployment Rate at 04:30 GMT. UK GfK Consumer Confidence The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. NL Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
8h agocryptopotato
Crypto Markets Lost $50B as Bitcoin Drops to Weekly Lows (Market Watch)
Bitcoin and most of the altcoins are in the red today, and the total market cap is down by $50 billion.
13h agocointelegraph
Ontario crypto exchanges impose $30K annual limit on altcoin buys
The new buy limits are intended to better “protect crypto investors” and make them “more aware of the risks” associated with crypto assets, according to one of the exchanges.
1 day agocryptodaily
Fringe Finance Creates New Opportunities for ETH-based Assets
Fring Finance, the next-gen DeFi lending and borrowing platform, has announced its integration with Lido DAO's native altcoin. This integration will allow Fringe users to take stablecoin loans and leverage $LDO without parting with their tokens. Fringe Finance, Unlocking the Potential of Altcoins Fringe Finance is an innovative and inclusive DeFi lending platform that allows crypto holders to earn interest against their holdings or borrow loans against stablecoin collaterals. Its Primary Lending Platform also enables users to stake $FRIN tokens and earn a portion of the fees generated by the platform. Unlike other DeFi lending platforms such as Aave and Compound, Fringe allows users to stake low liquidity altcoins and use them as collateral for stablecoin loans. The holders of its native token $FRIN can also actively participate in the platform's decision-making process. Moreover, Fring Finance is not a gridlocked protocol. It uses Chainlink Oracles to continuously add new assets to the platform, thus creating more exposure for the wider crypto community. Lido: decentralized staking without asset locking Lido is a decentralized staking solution for ETH, SOL, Polygon, and Kasuma. Its unique ecosystem allows users to stake their tokens without locking the assets. Lido makes staked ETH 2.0 tokens liquid and usable across the entire DeFi ecosystem. The platform is governed by $LDO: an ERC20 token granting governance rights in the Lido DAO. Lido users receive secure staking rewards in real-time. When a user stakes their Ethereum token on the platform, they receive stETH (staked ETH) on a 1:1 basis. The stETH balances can be used like regular ETH across DeFi platforms to earn yields and other rewards. Lido also doesn't require any minimum deposits while staking. It solves the problems associated with initial ETH 2.0 staking in terms of illiquidity, immovability, and accessibility. Stablecoin Loans and New Opportunities for ETH-based Assets This integration will bring $LDO to Fringe's Primary Lending Platform as a collateral type. Users will be able to leverage their $LDO positions and take out stablecoin loans against the token. It will also create more opportunities for other Ethereum-based assets to arrive on the platform and create broader financial scope for the DeFi community, increasing crypto adoption across the board. This integration is set to be the first of many, as Fringe Finance plans to list other Lido assets on the platform shortly. For regular updates, visit the official website or follow Fringe Finance and Lido Finance on Twitter. About Fringe Fringe Finance is an inclusive platform for crypto lending and borrowing. It seeks to unlock the multi-billion dormant capital locked in smaller cryptocurrencies — by offering guaranteed stablecoin loans secured by the latter. The platform aims to accept the broadest range of altcoins as collateral on the market. The safety of the user funds is guaranteed by two highly qualified smart contract auditors: CyberUnit and HashEx. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Celsius To Run Out Of Money By October, Crypto Daily TV
In Todays Headline TV CryptoDaily News: Court filings reveal Celsius will run out of money by October. Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Celsius highlighted that it is expected to reach negative liquidity by October 2022 to approximately $34 million. Bitcoin miner PrimeBlock ditches SPAC listing plan. Bitcoin miner Prime Blockchain Inc., also known as PrimeBlock, has dropped its public listing plan via a blank-check company merger valued at US$1.25 billion, joining a number of crypto firms that have delayed or canceled similar listing plans. Revolut wins Cyprus SEC's approval. Revolut aims to form a new European crypto-asset hub so that it can feasibly provide crypto services to its 17 million customers in Europe. BTC dropped 0.3% against USD in the last session. The Bitcoin fell 0.3% against the Dollar in the last trading session. The CCI is giving a negative signal. Support is at 22930.6667 and resistance at 25784.6667. The CCI is currently in negative territory. ETH/USD saw a minor dip of 0.1% in the last session. The Ethereum-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. The MACD is giving a positive signal. Support is at 1789.991 and resistance at 2067.191. The MACD is currently in the positive zone. The Ripple-Dollar pair gained a moderate 0.2% in the last session. The Ripple-Dollar pair saw a minor rise of 0.2% in the last session. The MACD is giving a negative signal. Support is at 0.3563 and resistance at 0.3946. The MACD is currently in the negative zone. LTC/USD exploded 1.4% in the last session. The Litecoin-Dollar pair exploded 1.4% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 56.2633 and resistance at 67.5233. The Stochastic-RSI is giving a negative signal. Daily Economic Calendar: NL Consumer Spending Volume The Consumer Spending is an indicator that measures the total expenditure by individuals. The level of spending can be used as an indicator of consumer optimism. The Dutch Consumer Spending Volume will be released at 07:30 GMT, the US Retail Sales at 12:30 GMT, the UK's Consumer Price Index at 06:00 GMT. US Retail Sales The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. UK Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. FI Gross Domestic Product The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. Finland's Gross Domestic Product will be released at 05:00 GMT, the UK's Core Consumer Price Index at 06:00 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT. UK Core Consumer Price Index The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy. JP Foreign Investment in Japanese Stocks Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocryptodaily
Crypto Daily TV 16/08/2022, BTC Price Hits Double Top?
In Todays Headline TV CryptoDaily News: Judge grants Ripple’s request to review videos of SEC officials. U.S. judge Sarah Netburn granted Ripple Labs’ motion to serve two subpoenas to authenticate seven video recordings in which U.S. Securities and Exchange Commissions officials made public remarks. Electricity requirements will fall by 99%. The upcoming Ethereum Merge is a significant day. The long-delayed upgrade to the ethereum blockchain is currently planned to occur on Sept. 15. If it's successful, the blockchain's massive electricity requirements will fall by over 99%. Bitcoin hits $25K as bearish voices call BTC price ‘double top’. Bitcoin spiked through to $25,000 for the first time in months, but traders refused to take any chances on a bull run. After passing the $2,000 mark for the first time since May earlier in the weekend, ETH/USD appeared to be in consolidatory mode with no significant momentum continuing. The last session saw BTC fall 0.7% against USD. The Bitcoin-Dollar pair fell 0.7% in the last session after gaining as much as 3.7% during the session. The Stochastic-RSI is giving a negative signal. Support is at 23632.6667 and resistance at 25336.6667. The Stochastic-RSI is currently in the negative zone. ETH/USD dove 1.8% in the last session. The Ethereum-Dollar pair dropped 1.8% in the last session after rising as much as 3.9% during the session. The ROC is giving a positive signal. Support is at 1838.6833 and resistance at 2076.6033. The ROC is currently in the positive zone. XRP/USD dove 1.1% in the last session. The Ripple-Dollar pair plummeted 1.1% in the last session. The MACD is giving a negative signal. Support is at 0.3624 and resistance at 0.3988. The MACD is currently in the negative zone. LTC/USD plummeted 4.3% in the last session. The Litecoin-Dollar pair dove 4.3% in the last session. The Williams indicator is giving a negative signal. Support is at 60.491 and resistance at 67.131. The Williams indicator is currently in negative territory. Daily Economic Calendar: UK ILO Unemployment Rate The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. The UK's ILO Unemployment Rate will be released at 06:00 GMT, Germany's ZEW Survey – Current Situation at 09:00 GMT, the UK's Claimant Count Change at 06:00 GMT. DE ZEW Survey – Current Situation The ZEW Survey - Current Situation measures the current institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and are pessimistic. UK Claimant Count Change The Claimant Count Change presents the change in the number of unemployed people in the UK. US Redbook Index The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 12:55 GMT, Japan's Exports at 23:50 GMT, the US Housing Starts at 12:30 GMT. JP Exports The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus. US Housing Starts The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days agocointelegraph
Price analysis 8/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and altcoins met selling at key overhead resistance levels and investors are unsure whether traders will buy the current dip.
3 days agocointelegraph
Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg
Amid the grueling bear market for Bitcoin, Ether and altcoins, the cryptocurrency industry is undergoing consolidation.
3 days agocryptosrus
Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ
Covered: Top 5 Cryptocurrencies Top 5 Cryptocurrencies To Watch The S&P 500 rose for the fourth successive week as investors cheered on signs that inflation may have peaked. Bitcoin (BTC) and select altcoins also extended their recovery, suggesting that investors are increasing their exposure to risk assets. A similar trend has played out in the […] The post Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ appeared first on CryptosRus.
3 days agocryptodaily
Crypto Daily - Crypto And Financial News 15/08/2022, Monero Forks Successfully
In Todays Headline TV CryptoDaily News: One of the several lawsuits against Robinhood. A U.S. judge permitted meme stock investors to file a lawsuit against Robinhood, a stock trading firm that recently listed multiple cryptocurrencies, including Avalanche and Stellar. This lawsuit is one of the several suits the firm is facing after halting purchases during the meme stock rally in January last year. Ripple Labs is interested in bankrupt Crypto lender Celsius' assets. Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network. Monero’s privacy-focused crypto protocol upgrade is now live. The non-contentious hard fork to upgrade one of crypto’s most popular privacy protocols, Monero, was successfully completed today. The fork enhances the network with a host of new privacy-preserving features. BTC/USD fell 0.7% in the last session. The Bitcoin-Dollar pair fell 0.7% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 23964.3333 and resistance at 25110.3333. The Stochastic-RSI is signaling an overbought market. ETH/USD plummeted 3.2% in the last session. The Ethereum-Dollar pair dove 3.2% in the last session. According to the CCI, we are in an overbought market. Support is at 1910.6667 and resistance at 2055.4467. The CCI points to an overbought market. XRP/USD dropped 0.3% in the last session. The Ripple-Dollar pair fell 0.3% in the last session after gaining as much as 3.7% during the session. The ROC is giving a positive signal. Support is at 0.3694 and resistance at 0.3917. The ROC is currently in positive territory. The last session saw LTC fall 0.9% against USD. The Litecoin-Dollar pair dropped 0.9% in the last session after rising as much as 3.1% during the session. The Stochastic-RSI is giving a positive signal. Support is at 61.061 and resistance at 66.981. The Stochastic-RSI is giving a positive signal. Daily Economic Calendar: US NAHB Housing Market Index The NAHB Housing Market Index presents home sales and expected buildings in the future indicating housing market trends. The US NAHB Housing Market Index will be released at 14:00 GMT, the US 3-Month Bill Auction at 15:30 GMT, Finland's Consumer Price Index at 05:00 GMT. US 3-Month Bill Auction Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity. FI Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. DE Wholesale Price Index The Wholesale Price Index shows the value of sales made by wholesalers, which is related to retail trade and consumption. Germany's Wholesale Price Index will be released at 06:00 GMT, Japan's Industrial Production at 04:30 GMT, Japan's Capacity Utilization at 04:30 GMT. JP Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. JP Capacity Utilization The Capacity Utilization is the percentage of production capacity used over a short period. It is indicative of overall growth and demand. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocryptodaily
DFG bets on crypto startups despite bear market
After the biggest VC boom in crypto history last year, venture capital funding in the industry fell38% between April and May of this year,according to Dove Metrics. This came on the heels of the Terra-induced crypto crash that spiraled the industry into a bear market. But even though this crypto crash has seen prices fall just as hard as any other crash, things are different this time around. It seems no serious observer is under any illusion that crypto or DeFi are going away any time soon. Digital Finance Group(DFG), a global blockchain and cryptocurrency investment firm, recognizes that, and is actively working to prepare blockchain and Web 3.0 startups for the next bull cycle. Founded by CEO James Wo, DFG manages more than $1 billion assets, with a particular emphasison the Polkadot ecosystem such as Astar, Acala,, Efinity, Moonbeam, Unique,and. The firm has grown to become among the largest holders of Bitcoin, Avalanche, Polkadot, and Near tokens in Asia. Out of the many proof-of-stake (POS) networks, Wo sees Polkadot as fair, secure, and resilient. Polkadot’s heterogeneous multi-chain network allows for developers to create new projects more easily and affordably, and with its cross-chain interoperability, Polkadot can communicate with external networks such as Bitcoin and Ethereum. Beyond just focusing on Polkadot as a POS ecosystem, it’s proof-of-stake that DFG is betting on as the future of blockchain. Another POS network the fund has its eye on is Cosmos, the energy-efficient blockchain enabling blockchains to transfer value with each other through IBC and Peg-Zones, while letting them retain their sovereignty. DFG maintains a diversity of investments More than just establishing the Venture Equity Fund for investing in CeFi service providers, DFG has established Crypto Fund and the Polkadot Ecosystem Fund. The idea is to support projects that are innovative enough to prosper with the adequate funding. Currently, the fund has its eye on investing in up-and-coming infrastructure providers, such as ChainSafe and CypherMod. Although cryptostartups are some of the most high risk projects in which to invest, they can also reap the highestrewards.Bitcoin plunged to a value of one pennyright after hitting $1.00 a few days prior in 2011, losing 99% of its value in a few days. Yet, Bitcoin’s price rose again to $29.60 within three months, a 2,960%increase. Throughout the bear and bull cycles of the market, Bitcoin peaked at $67,566.83in November 2021. Ethereum’s success has fluctuated over the years as well. Still, with the help of venture capital investments including those of DFG’s, Ethereum currently has over 90% of the NFT market and its native token remains the most well-known altcoin. Optimism in the crypto space remains Regardless of crypto’s exciting surges, the crashes are ever-present, and the industry's volatility remains strong. Within the past few months of 2022, Bitcoin and Ethereum have both dropped more than 50%from their all-time highs in 2021. Still, despite harsh market conditions, investors’ interest in crypto persists. DFG is optimistic about the mainstream potential of the crypto market. Especially in the Asian region, the fund hopes local authorities will soon gain adeeper understanding of the blockchain industryso that VC’s mainstream acceptance of the crypto market will be possible. The bear market won’t last forever, and DFG is building the foundation for a successful bull run in the months or years to come. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocryptodaily
Crypto News Flash - Why Shiba Inu, Chiliz, and Supontis Token Are A Portfolio Dream
If you’re like most traders in the crypto space, you’re most likely looking for the best crypto tokens that offer you a chance of success. Every trader keeps a portfolio of different items. Well, the content of each person’s portfolio will depend on the crypto coins they’ve identified with. The type of tokens in traders’ portfolios will determine the level of success that they’ll enjoy. Are you interested in finding out the best tokens for your wallet? You’re at the right place. This piece will review why you should add Shiba Inu (SHIB), Chiliz (CHZ), and Supontis Token (PON) to your portfolio. It Pays To Be Cute – Shiba Inu (SHBI) The meme sector of the coin market is undoubtedly one of its most controversial. In the past, many people have referred to meme coins as useless and unable to drive any real commercial value. That story changed when Dogecoin rose to greater heights and stormed the market. It gave people the impression that more success would follow. Shiba Inu was released following the success of Dogecoin. As many people couldn’t get over the dog-themed coin that had just made its way into the top 10 list of crypto coins, an anonymous group of developers decided to spring up the ideal of Shiba Inu. According to the developers, Shiba Inu was designed as the ‘Dogecoin killer’. This means that it was introduced to the market to replace Dogecoin. The development team of Shiba Inu has ensured that they point out all the deficiencies of this Dogecoin and use it to improve what they offer. There are several reasons why Shiba Inu should be added to every trader’s portfolio. Having replaced Dogecoin as the biggest meme coin, Shiba Inu is set for great things. This crypto coin was designed with a community-driven approach. This approach would ensure that the cryptocurrency's future is in the hands of its users. Shiba Inu has a limited supply. SHIB is the trading symbol of this meme coin. There are 1 quadrillion SHIB tokens in circulation. Giving Us Chills – Chiliz (CHZ) The truth is that blockchain technology can affect every aspect of life. It has already made its way into the finance and tourism sectors. It’s the next field to enjoy the benefits of crypto technology in sports. Chiliz is a crypto token that’s set to optimize the relationship between sports clubs and their favorite fans. This cryptocurrency was developed in 2018 to provide sports fans with a token that will allow millions of sports fans to show their love and support for their favoriteteams. Chiliz serves as the main token of the socio platform. This token allows users to vote on club surveys and polls. Crypto users can easily swap their tokens for CHZ through the platform’s dedicated marketplace. Its most impressive feature is that it focuses on allowing fans to become vital contributors and stakeholders in their favorite teams. This cryptocurrency is different from other offerings on the market because it utilizes a proof-of-authority mechanism to confirm its transactions. It also runs on the Ethereum and Binance Chain. CHZ is the native token of this network. It’s the exclusive on-platform currency that will facilitate the actions of most users. Supplanting the Competition – SupontisToken (PON) While Supontis may be one of the most recent additions to cryptocurrency, it has already leaped far ahead of many tokens. Why? Because of its impressive use case. Unlike other cryptocurrencies that focus on improving their speed and becoming the best, Supontis is concerned predominantly with ensuring that users can send assets across different blockchains. This innovative blockchain-based bridge will connect individual networks and enable transfer to a completely different infrastructure using smart contracts. Supontis will ensure that transactions are transferred as quickly as possible using a two-step process. This process will ensure that the same value of tokens is made available from the initial blockchain to the destination blockchain. PON is the native token of this network protocol. If you’re interested in bagging some PON tokens, you can participate in its presale and enjoy some lucrative offers. For instance, users will get a 12% bonus when they make their purchase deposit in LTC and XRP. Supontis Token (SUP) Presale: https://register.supontis.com Website: http://supontis.com/ Telegram: https://t.me/SupontisTokenOfficial Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
4 days agocryptodaily
Crypto Weekly Roundup: BlackRock Launches Bitcoin Trust, Eth’s Goerli Testnet Live, Curve Hack, And More
The week has been momentous as Ethereum finally completed its final testnet before going live with the PoS system on its mainnet. The developer team has also set a soft launch date for the mainnet merge. Therefore we might be getting the upgrade sooner than expected. Let’s dig deeper. Bitcoin The investment management company, BlackRock, has launched a private trust, which will be its first product offering direct Bitcoin exposure. President Nayib Bukele has been gushing about the positive effects of El Salvador’s Bitcoin policies on its tourism industry. Ethereum Ethereum has completed the final scheduled test before The Merge, moving it closer to adopting the Proof-of-Stake model. Ethereum developers have agreed to a tentative date for the mainnet merge, which could be sooner than expected. DeFi Curve Finance reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The co-founder of MakerDAO has expressed that he plans to sell $3.5 billion worth of USDC for ETH, which puts the DAI token at the risk of losing its dollar peg. Altcoins Crypto solutions company Ripple has just published a new report on crypto trends in business, highlighting the blockchain-driven Internet of Value. Technology According to a report, up to a third of stolen crypto funds (over $50 million) are being used to fund the North Korean missile program. Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder Vitalik Buterin defended the platform's use case for legitimate contexts. Business The parent company behind the Ripple network has expressed interest in purchasing assets belonging to the bankrupt Celsius Network. Reddit has partnered with FTX to enhance the user experience on the Community Points project for over 400 million monthly active users. Hodlnaut has become the latest crypto lending platform to halt withdrawals, token swaps, and deposits, citing difficult market conditions. Regulation Newsletter and email marketing firm Mailchimp has suspended the accounts of several crypto platforms this week. An anonymous user has been sending small amounts of Ethereum via Tornado Cash to hundreds of public wallets in the U.S., including popular celebrities. Crypto.com has secured access to the South Korean crypto market after acquiring two local companies providing it with EFTA and VASP registration in the country. NFT After welcoming USDT into its fold, the blazing fast, energy-friendly Tezos blockchain network is enjoying rapid traction in both the NFT and the DeFi spaces. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptosrus
Cardano Flips Key Altcoin — Here’s What This Means For ADA
Cardano continues to perform well this summer, most recently flipping a key altcoin in market cap. Find out what this means for Cardano’s prospects. Covered: Cardano Flips XRP Prospects Post-Vasil/Mark Cuban’s Comments Cardano Flips XRP Smart contract protocol Cardano (ticker symbol ADA) just flipped XRP in market cap. Cardano is now 6th in global market […] The post Cardano Flips Key Altcoin — Here’s What This Means For ADA appeared first on CryptosRus.
5 days agocointelegraph
Ethereum hits 8-month highs in BTC as money heads for 'riskier' altcoins
Liquidity is strong on alt markets as Bitcoin gives way to Ethereum after a battle which has raged throughout 2022.
5 days agocryptodaily
Uniglo (GLO) Will Outclass Shiba Inu’s (SHIB) And Cronos’ (CRO) Burn Rate By Leaps And Bounds
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About Litecoin

The live price of Litecoin (LTC) today is 60.8289 USD, and with the current circulating supply of Litecoin at 70,970,368.78 LTC, its market capitalization stands at 4,317,052,846 USD. In the last 24 hours LTC price has moved -1.074 USD or -0.02% while 174,219,620 USD worth of LTC has been traded on various exchanges. The current valuation of LTC puts it at #22 in cryptocurrency rankings based on market capitalization.

Learn more about the Litecoin blockchain network and how it works or follow the price of its native cryptocurrency LTC and the broader market with our unique COIN360 cryptocurrency heatmap.

Litecoin was launched in 2011 by former Google and Coinbase engineer Charles Lee (also known as Charlie Lee), who described it as a “lite version of Bitcoin.” It is one of the first altcoins based on Bitcoin’s original open-source code, albeit with several modifications. 

Litecoin (LTC) was designed to be faster and more efficient than Bitcoin (BTC). For instance, block creation on the Bitcoin network takes 10 minutes, whereas a block on the Litecoin blockchain only takes about 2.5 minutes. Similarly, Litecoin can process around 56 transactions per second (TPS) compared to around 5 TPS on Bitcoin. 

Although Litecoin gained considerable traction in its early days, it has continued to underperform against Bitcoin and is often criticized for being little more than a Bitcoin clone. However, given its faster transaction times, lower fees and decent liquidity on exchanges, Litecoin is often used to move value across crypto platforms.

LTC price 

According to our LTC live price chart, Litecoin price in USD terms hovered around $5 until March 2017, except for the brief rally in late 2013, when the price of LTC surpassed $40. In 2017, however, the altcoin saw a price surge of more than 2,000% between March and September, going from around $4 to nearly $90 before dropping again.

LTC price took off again near the end of 2017, trading around $365 on Dec. 18 to post a new all-time high with a year-to-date gain of over 8,000%. This bullish price action could not continue, however, and LTC price quickly fell to around $100 in February 2018.

Barring a few brief rallies, the price of LTC continued to decline throughout 2018, trading below $25 by December that year. Despite LTC price recovering to $140 by June 2019, it couldn't go much higher and traded below $30 again in March 2020.

Amid a wider crypto market rally in May 2021, LTC price climbed to a new high, surging past $410, only to decline by over 50% in the following 6 months. By Dec. 31, 2021, the price of Litecoin stood around $145, but the price decline continued through Q1 2022, with LTC frequently testing the $100 level.

How LTC works

Like Bitcoin, Litecoin uses the proof-of-work (PoW) consensus mechanism to secure its network. PoW requires miners to solve complex computational problems using powerful hardware. The miner who solves the mathematical problem first is responsible for validating network transactions and organizing them in a block to obtain the block reward. The continued series of such blocks creates the blockchain with immutable records.

However, Litecoin uses the ‘Scrypt’ algorithm, which requires high-speed random access memory (RAM), unlike Bitcoin, whose mining requires more processing power. This means that people can, theoretically, mine Litecoin on their personal computers and do not need to spend on specialized mining equipment. Lee developed the Scrypt algorithm to make it difficult to launch attacks on Litecoin, making the cryptocurrency more secure.

The total supply of Litecoin is capped at 84 million, compared to 21 million for Bitcoin. Because of Litecoin’s similarity to Bitcoin, it has served as a functional test network for updates that could also be deployed on the Bitcoin network. These updates include Segregated Witness or SegWit, which was adopted by Litecoin in 2017, and the Lightning Network, a Layer 2 technology aimed at improving scalability.  

LTC news, updates, and highlights

Litecoin’s adoption of SegWit in May 2017, marked a landmark achievement. It pushed LTC price to above $30 from around $5 a year ago. The same year saw LTC price setting a major high above $360 followed by Litecoin founder selling his entire holding, citing conflict of interest.

In July 2019, Litecoin became the official cryptocurrency of the Miami Dolphins, the National Football League team. The partnership came into effect in September 2019, allowing fans to purchase tickets with Litecoin.

Lee pledged to continue funding the Litecoin Foundation in August 2019, even as concerns were brewing around the nonprofit's financial sustainability. After Litecoin’s halving on Aug. 5, 2019, which reduced mining rewards to 12.5 LTC from 25 LTC, mining power on the Litecoin network dropped by 28%

In a bid to recover its position amid waning interest in Litecoin, Lee announced a shift in focus towards privacy in late 2020. He said that the token is looking to adopt several privacy-enhancing features, which are being tested before deployment.

On October 20, 2021, PayPal confirmed its buy, hold, and sell feature for cryptocurrencies, with Litecoin as one of the supported tokens. The announcement led to LTC price surging by over 10% in the following 24 hours. 

Frequently asked questions about LTC

  • Can you mine or stake LTC?

Since Litecoin uses the PoW consensus mechanism, you can only mine Litecoin (and not stake it). However, unlike Bitcoin, it does not require specialized mining equipment — you can mine Litecoin using home computers, although large-scale miners dominate the market. 

  • What are the differences between Litecoin and Bitcoin?

Although Lee touted the token as the “silver” to Bitcoin’s “gold,” there are several differences between the two cryptocurrencies, including transaction processing capability, block generation time, the maximum token supply and transaction fees, among others. 

  • What can you do with LTC?

Litecoin can be used to pay network fees, make and receive payments across the globe, or used as a bridge currency to avoid high fees on networks like Bitcoin and Ethereum. 

  • How to buy LTC and trade it?

You can easily use fiat currencies to buy LTC on centralized exchanges like MEXC and eToro. You can also buy Litecoin using other tokens like BTC on exchanges like HitBTC.

Litecoin Price60.8289 USD
Market Rank#22
Market Cap4,317,052,846 USD
24h Volume98,449,587 USD
Circulating Supply70,970,368.78 LTC
Max Supply84,000,000 LTC
Yesterday's Market Cap4,282,205,700 USD
Yesterday's Open / Close61.4183 USD / 60.3443 USD
Yesterday's High / Low64.5976 USD / 59.9959 USD
Yesterday's Change
-0.02% ( 1.074 USD )
Yesterday's Volume174,219,620 USD
Mining Info
Hashing algorithmScrypt
Pools (known)44
Pools Hashrate467.70 TH/s
Network Hashrate431.20 TH/s
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