Category: Litecoin News

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Breakneck speed of crypto adoption could result in whiplash, warns wallet exec

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[ad_1] Cryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay. The mobile payments app reported a 48% increase in crypto deposits in the first quarter of the year, while fiat deposits remained static. Bitcoin is apparently the currency of choice for most of STICPAY’s e-wallet users, with Bitcoin deposits eclipsing deposits of Ether (ETH), Tether (USDT) and Litecoin (LTC) 38 times…

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Mobile crypto ‘mining’ app possibly connected to personal data leak

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[ad_1] Pi Network, a cryptocurrency mining app for mobile users, may have been connected to 17GB worth of personal data leaks, a Vietnamese news outlet reported on Monday. The treasure trove of personal data was apparently taken from the Know Your Customer checks of users of Pi Network, according to the person who posted it to hacker hangout RaidForums on Thursday. The identity cards of an estimated 10,000 Vietnamese citizens were placed for sale, along with connected home addresses, phone numbers and email addresses. The seller placed a price tag…

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Litecoin price hits $400 all-time high, but LTC rally at risk of overheating

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[ad_1] Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday.  The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s 10th-largest cryptocurrency by market capitalization is worth 215% more than it was at the beginning of this year, soaring from $124.42 to a new record high of $413.90. Its massive rally has beaten traditional markets on a year-to-date timeframe, with many independent analysts now predicting the move to extend toward $500.…

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Ether dazzles, Dogecoin fears, Elon Musk’s big night, Bitcoin boosts Square

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Altcoins rally as bulls pile into large-cap tokens and layer-one projects We’re well and truly in the throes of “altseason” now, with Bitcoin’s dominance showing no signs of diminishing. Ether delivered a stunning surge that took its price above $3,000 for the very first…

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Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins

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[ad_1] Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volumes that lift the total market capitalization to new highs.  The 2021 bull market is no exception to this rule, and one of the biggest catalysts for growth this year has been the explosive popularity of Dogecoin (DOGE), which has made headlines in traditional and alternative financial circles as its price surge to new all-time highs over the past few months. DOGE/USDT 4-hour chart. Source: TradingView With…

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Altcoins rally as bulls pile into large-cap tokens and layer-1 projects

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[ad_1] The cryptocurrency market provides investors with another day of ‘altseason’ as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week.  One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism…

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LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?

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[ad_1] Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session. LTC/BTC 1-week candle chart (Binance). Source: TradingView The LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment grew near the sessional peaks. But according to data collected from Glassnode, the downside correction did…

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Is China softening on Bitcoin? A turn of phrase stirs the crypto world – Cointelegraph Magazine

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[ad_1] They were only two seemingly innocuous words: “investment alternatives.” But when applied to Bitcoin — the seminal cryptocurrency — by an official from the People’s Bank of China in a recent panel discussion, they reverberated like a firecracker. “A remarkable step for BTC,” Lennix Lai, director of financial markets at OKEx, calls the statement. Michael Peshkam, executive in residence at European business school INSEAD, describes the central banker’s remarks as “a significant shift in the country’s position” on crypto. To recap: On April 18 at a CNBC event at…

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J. R. Willett launched the first ICO… but still has a day job – Cointelegraph Magazine

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[ad_1] ICOs? He held the first one. Stablecoins? He dreamed of them by accident. Vitalik Buterin tried to get him on board to help launch Ethereum, but he was too busy. He is J. R. Willett, one of the most fascinating men in the industry. Back in 2012, Willett, now 41, felt he could improve Bitcoin by making it possible for anyone to create interoperable tokens backed by the protocol. He released a white paper that described the new model and invented a way to fund the project with a…

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Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin bulls attack $57,000, and altcoins rally as April comes to a close A sudden bullish surge took traders by surprise as April drew to a close, with Bitcoin staging a 10% rally in a matter of hours. Highs of $58,448.34 helped to erase…

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