Litecoin News

The Litecoin cryptocurrency is a fork of the Bitcoin codebase that was positioned as “a silver to Bitcoin’s gold.” It was created by former Google and Coinbase engineer Charlie Lee in 2011. 

While similar to Bitcoin in terms of tech and monetary policy, even featuring its own periodic halving of its supply schedule, Litecoin features some core changes such as block times that are four times longer and a supply cap that is four times as large compared with BTC.

One key technical difference Litecoin has with Bitcoin is its mining algorithm, Scrypt, which makes it easier for users to generate hashes with commonly available hardware and participate in the mining process.

In June 2017, Charle Lee left his position at Coinbase to commit to Litecoin full time and is currently head of the Litecoin Foundation, which stewards and finances Litecoin ecosystem development.

News
Venmo is following in the footsteps of its rival, Square’s Cash App, by introducing cryptocurrency trading.
PayPal-owned Venmo launches cryptocurrency trading
Marie Huillet
2021-04-20T11:41:26+01:00
20086
News
A new resolution would establish a task force to study crypto in Miami-Dade County's public administration.
Miami commissioner wants to let residents pay taxes in Bitcoin
Helen Partz
2021-04-15T14:41:10+01:00
9608
News
Major European digital asset investment firm CoinShares has launched its third physically backed ETP in 2021.
CoinShares launches physically backed Litecoin ETP
Helen Partz
2021-04-06T12:00:16+01:00
13519
News
A checkout service will be implemented which waives transaction fees for purchases made using crypto, PayPal's president and CEO confirmed.
PayPal to start letting US customers pay in Bitcoin at global merchants
Greg Thomson
2021-03-30T11:36:35+01:00
14819
News
Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitco...
Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE
Joshua Mapperson
2021-03-30T03:04:23+01:00
19429
News
XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now, they want to enter the fray as third-party defend...
Over 6,000 XRP holders volunteer as third-party defendants in SEC lawsuit
Greg Thomson
2021-03-15T10:35:50+00:00
34146
News
Bybit will stop serving customers from U.K.-based IP addresses starting March 31, following the FCA's ban on all cryptocurrency derivatives trading.
Cryptocurrency exchange Bybit shuts up shop in UK in compliance with FCA ban
Greg Thomson
2021-03-05T12:35:22+00:00
8050
Market Analysis
Investors looking to gain LTC exposure using traditional equities are willing to pay a premium of more than 1,800% to buy it via Grayscale Litecoin Trust.
Litecoin is trading at a 1,800% premium via Grayscale's LTC trust — But why?
Marcel Pechman
2021-03-02T18:30:14+00:00
27663

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