Litecoin’s MWEB upgrade, which makes transactions confidential, comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines.
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.
Litecoin may have recently activated its long-awaited privacy-based upgrade, but not without creating some regulatory compliance issues.4842
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.8308
The two exchanges cited Korea's Act on the Reporting and Use of Specific Financial Transaction Information, a law that requires crypto exchanges to put in place KYC and AML systems.4397
Sentiment analysis running across a year’s worth of tweets has found that Ether is Twitter’s least favorite cryptocurrency of five studied, while Dogecoin received the most affection.12934
Large spikes in whale transactions typically precede a period of declines in the Litecoin market.5275
RUNE and its entire ecosystem is showing a few bullish signs, resulting in a 74% rally ahead of a long-awaited mainnet launch and recent integration with Terra.11335
Charles Hoskinson’s blockchain has again become one of the most active networks by transaction volume as it approaches that of Bitcoin’s, but none of that has helped the price of ADA.20859
Privacy opt-ins are coming to Litecoin even as regulators continue to scrutinize anonymity-boosting protocols.18533
It may be all quiet on Jan. 17 in the absence of Wall Street, but Bitcoin markets might not stay that way for long.21792
The SBI crypto-asset fund consists of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot, none exceeding more than 20% in ratio.9833
The classic bearish setup projects Litecoin’s price potentially falling to $200 in the coming sessions.10794
From a bird’s-eye-view, BTC is still in an uptrend and a bounce off the $62,000 support could provide the signal for LTC, LINK, VET and AXS to move higher.36981
Nonetheless, LTC/USD is at risk of a price correction, as it’s painting a classic bearish reversal pattern.20884
It's become easier to use Litecoin for everyday payments thanks to several recent partnerships.12411