Did Charlie Lee Sell His Litecoin Because Of Potential Facebook Partnership
Did Charlie Lee Sell His Litecoin Because of Potential Facebook Partnership Written by Gabrijel erjak on December 22, 2017 Yesterday morning the news broke; Litecoin developer and outspoken founder, Charlie Lee, sold or donated all of his liquid Litecoin holdings. This prompted a big sell-off in the cryptocurrency markets. And crashing the marketfrom more than 600 bin to as low as 480bin accordingto TheCoinmarketcap. More and more Cryptocurrencies are coming to Coinbase adding Bitcoin Cash (BCH) to its stable of coins available for purchase. This also sent shockwaves through the markets. In his post on Reddit, Lee explained that he felt his ownership stake was actually a burden on Litecoins development as a real-world medium of exchange: But, as a commenter on the Zerohedge article on this event pointed out, quite astutely: It was requested from Facebook to do it; so that he cant be accused of personal interest, decision bias with regards to the LTC ecosystem development.Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel. Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday. And Litecoin, among the major cryptocurrencies, has a unique position to be that currency for Facebooks digital payment platform; as it fills out its road-map into 2018. Market manipulation and fraud are going to be a big deal in this space going forward. The temptation to cash in and scam people is simply too high not to try and game the system to individuals advanta Continue reading >>
Litecoin As Payment In Facebook?
I was thinking that the surprise was going to be confidential transactions since they have been working on that for a while. This would be equally big though. Im fine either way. Just sold some LTC for ICX. Now I need to find a way to get some more LTC Well, if you think about it, you can actually send payment via Messengerso its quite possible Cant see a reason for them to make their own token since they already have stock options. Unless they make a token to tie in to FB games or something like that. If its just transferring value, why not have everything all in one place so you can spend more time on their platform? Just did a Dctv.show crypto news bit on this called TODAYS FOMO - Should you HODL that LTC for 2018??? With these few days LTC being on the run down, i am starting to think to drop it now and pick it up later, but then again what if tomorrow it will be at $500. What is your take on it HODL or let it go? With these few days LTC being on the run down, i am starting to think to drop it now and pick it up later, but then again what if tomorrow it will be at $500. What is your take on it HODL or let it go? Sell a percentage to lock in some money, but keep it just in case. If you see it going to $500 (66% growth), sell 1/3. I think Litecoin is one of the most undervalued cryptos still at $300 just think of this Bcash has a market cap 3x larger then LTC that is insane IMO. I think Litecoin is just starting to get ready for its real run when we look back in a year and LTC is $2000-$5000 and we will all wish we could load the boats at $300. the newest video is Stablecoin maybe I need to wait a bit for it to show up The implications of enabling Litecoin for Facebook payments would be HHUUUUUGGGGEEE! Mining and HODLing LTC =D It would make more sense than Bitcoin s Continue reading >>
Probeat: Facebook's Bitcoin Ban Is Baffling | Venturebeat
Facebook banned Bitcoin and other cryptocurrencies this week in an advertising announcement . The move was necessary (many ads on the social network really are peddling snake oil), but it was horribly executed. The main issue is that the ban sends the wrong message. At worst, Facebook is suppressing potential innovation of future technology. At best, Facebook is being lazy and unwilling to properly police its own ads. The announcement starts off innocently enough. Facebook simply wants to protect you, the user: Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook. Weve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency. I would almost prefer if Facebook banned all financial ( and political ) ads, full stop. There are plenty of financial scams circulating on the social network, and Facebook is not enacting policies for them. Instead, Facebook has simply decided to treat binary options, initial coin offerings, and cryptocurrencies as scams. Even listing these three terms together is misleading. Take cryptocurrencies. The category is not inherently misleading or deceptive. But you dont need to take my word for it. May I present to you Facebook CEO Mark Zuckerberg, on January 4, 2018 : With the rise of a small number of big tech companies and governments using technology to watch their citizens many people now believe technology only centralizes power rather than decentralizes it. There are important counter-trends to this like encryption and cryptocurrency that take power f Continue reading >>
Mark Zuckerberg Says Facebook To Look Into Cryptocurrency
Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mark Zuckerberg Says Facebook to Look Into Cryptocurrency Facebook Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year. Zuckerberg referenced cryptocurrencies in a posting Thursday in which he laid out how he will spend 2018 trying to correct persistent problems - including the proliferation of hate speech and misinformation - that have dogged his wildly popular social network for the past two years. There are important counter-trends to this -- encryption and cryptocurrency -- that take power from centralized systems and put it back into peoples hands, Zuckerberg wrote. But they come with the risk of being harder to control. Im interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services. Zuckerberg isnt the only Facebook executive expressing interest in the space. David Marcus, the companys vice president of messaging products, joined the board of Coinbase Inc., one of the largest crypto exchanges, late last year. Ive been involved with, and fascinated by cryptocurrencies since 2012, and Ive witnessed how Coinbase has started democratizing access to this new asset class, Marcus said on Coinbases What all this may mean for the digital Continue reading >>
Facebook Announcing Possible Partnership With Litecoin / Huge News Out Steemcreated With Sketch.
FACEBOOK Announcing Possible Partnership with LITECOIN / HUGE NEWS OUT Just found this article talking about the reasoning behind the liquidation of coins in Litecoin from its founder. Looks like Litecoin is possibly getting set to make a big announcement about a partnership with Facebook. Looks like the founder of Litecoin sold his shares with the intention of not having any personal interests in mind. By the founder not owning any coins there would be greater legitimacy to the coin. This in turn would give more credence to Litecoin as a non owned and operated Crypto Currency. Here is a quote from the zerohedge article - "It was requested from Facebook to do it so that he cant be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel. Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday. Continue reading >>
Will Facebook Adopt Litecoin?
Back in December 2017, Litecoin creator Charlie Lee announced that he sold and donated all of his Litecoin holdings, attributing the decision to a potential conflict of interest. Around the same time that he sold his stake, a Facebook VP of messaging products joined the board of directors at Coinbase. Many have put the two events together, speculating that the potential conflict of interest that Lee was referring to relates to Facebooks potential intentions to take on LTC as a cryptocoin within its platform. At this point, its hard to say. But Facebook CEO Mark Zuckerberg has certainly expressed the importance of cryptocurrencies in light of a larger debate surrounding centralization versus decentralization in the technology sector today. The Litecoin team has been hard at work working with companies to support Litecoin. Nothing to announce yet, but heres whats in the works: Charlie Lee [LTC] (@SatoshiLite) December 20, 2017 Technology was expected to give people more control over their lives, Zuckerberg wrote. But as a handful of technology companies become the dominant players and governments used technology to monitor citizens, people increasingly believe technology is becoming a controlling, centralized power. In this type of landscape, decentralized technology is gaining prevalence as an increasingly important- and viable- alternative. [Cryptocurrencies] take power from centralized systems and put it back into peoples hands. But they come with the risk of being harder to control. Im interested to go deeper and study the positive and negative aspects of these technologies, and how to best use them for our services, Zuckerberg wrote. There are multiple reasons why Litecoin could be the cryptocurrency that Facebook chooses to utilize on their platform. Technically si Continue reading >>
Huge Litecoin Announcement Litepay To Launch In Days!
HUGE Litecoin announcement LitePay to launch in days! Written by Gabrijel erjak on February 5, 2018 LITECOIN, one of the worlds leading crypto-currencies created by former Google employee Charlie Lee, has announcedLitePay just before Christmas. But we expect the actual launch of the product this week. This could be a major mover advantage for Litecoin as Bitcoin transactions are becoming painfully high. After the painful drop in the market, wichtimpacted the Litecoin as well, fromDecember record hights $370 to the lowest point in January of $108. Litecoin accordingto Coinmarketcap community is convinced that a new payment processor called LitePay will send the price soaring.LitePaywill bridge the gap between the cryptocurrency market and the everyday consumer. It will allow businesses to accept payment in Litecoin from anywhere on earth. Transactions will be super-fast and allow customers to pay for products and services in dollars with no transaction charges.A Litecoin wallet will also be available for all major mobile and desktop browsers and instant withdrawals from VISA compatible ATMs and spend with any VISA merchant will be possible. Palwasha Saaim, a Research Analyst at Lombardi Financial, called LitePay a game-changer for Litecoin. She added: It would allow businesses to accept Litecoin without worrying about price volatility. Payments would be processed by LitePay instantaneously and settled directly with their banks.Take note that BitPay is currently charging about $5.00 transaction fees for processing Bitcoin transactions that take ages to confirm.The best part is that Litecoin users will be able to convert Litecoins to dollars and vice versa through their Visa-compatible LitePay cards, which will be usable at all ATMs or businesses that support Visa payment Continue reading >>
Facebook To Accept Litecoin? (rumor) - Is This Why Charlie Lee Sold His Litecoin?
Facebook to accept Litecoin? (Rumor) - Is This why Charlie Lee sold his Litecoin? www.ThinkingCrypto.com There is a rumor that Facebook will start accepting Litecoin. If this is true, we can expect Litecoin to have around the same market cap as Bitcoin Cash. Facebook could accept Litecoin for apps, games, usage in marketplace etc. Many are saying this is potentially why Charlie Lee sold his Litecoin. If not Facebook, then a partnership with another major company. This company outlined terms such as Charlie having to give up his Litecoin so he cant be accused of price manipulation, conflict of interests etc. Sign up with Coinbase for Free to start investing in Bitcoin and get $10 free Bitcoin when you spend $100! - www.coinbase.com/join/59db057bed984302ff3b1275 Easily purchase Altcoins such as Ripple XRP and more on the Binance exchange - www.binance.com/?ref=21575512 Get the Ledger Nano S to Safely store your Cryptocurrency! : -Buy directly from Ledger - www.ledgerwallet.com/r/acd6 Mine Bitcoin and other Cryptocurrencies Daily with HashFlare! Free to sign up! - hashflare.io/r/373CC8F3 Mine Bitcoin and other Cryptocurrencies with Genesis Mining. Use code "he76Rc" and get 3% off every purchase - www.genesis-mining.com/a/2126471 XRP - rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv Destination Tag - 35594196 Follow on Facebook - facebook.com/thinkingcrypto/ Follow on Twitter - twitter.com/ThinkingCrypto1 Disclaimer - Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice. Bullshit lie! Don Continue reading >>
Litecoin - Home | Facebook
5 Reasons Why The Litecoin Price Is Going Up So Fast. Will The LTC Surge Continue? - Forbes: Forbes 5 Reasons Why The Litecoin Price Is Going Up So Fast. Will The LTC Surge Continue? Jesse Damiani , Contributor I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own. Shutterstock. The LTC price is way higher than it was last weekhere's why. Over the past week ... What Is Litecoin, and Why Is It Beatin...g Bitcoin This Year?Fortune Litecoin's record week keeps goingBusiness Insider 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrenciesCBS News 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrencies - CBS News: CBS News 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrencies Bitcoin's euphoric rise has spread, something like cancer, into other "alt coins," pushing up the value of ethereum and litecoin, among other cryptocurrencies. Ask the regular Joe diving into cryptocurrencies via credit cards the difference between ... Bitcoin Rival Litecoin Has Rocketed 120% Since Bi...tcoin Futures Started TradingTheStreet.com Exclusive: CBOE and CME Group Rumoured to Be Mulling Ethereum and Litecoin FuturesFinance Magnates Bitcoin Price Hits All-Time High as Futures See Second-Day Slump in VolumeCryptoCoinsNews Money Morning -Investopedia (blog) -CoinDesk Continue reading >>
Not That Im Awarereplies Litecoins Charlie Lee To The Question Of Facebook Merger Is It True? Lol
Not that Im awarereplies Litecoins Charlie Lee to the question of Facebook merger is it true? Lol Independent Blockchain and Crypto Writer at Hacker Noon It was Litecoin founder Charlie Lees reply, more than the tweeted question itself, that rapidly went viral from Twitter to Redditt then across the entire Crypto Worlds virtual landscape. This December 22nd Q&A came two days after Charlies Tweet Heard Around the World The Litecoin team has been hard at work working with companies to support Litecoin. Nothing to announce yet, but heres whats in the works: For those hiding under the etherLitecoin (LTC) is a peer to peer virtual currency, or cryptocurrency token, that enables immediate, close to zero cost payments to literally anyone in the entire world. An open source, global payment network, Litecoin is completely decentralized without any central authorities or intermediaries. Mathematics secure the network and empowers the individual themselves to control their own finances. Litecoin boasts faster transaction confirmation times and vastly improved storage efficiency than the leading math-based currency. With major industry support, liquidity, and trade volume, Litecoin has proven itself the medium of commerce complementary to Bitcoin itself. From December 27th 2016 until the day after Christmas 2017 Litecoin was up approximately 7,705%second in that 52-week periods ROI only to Ethereum up 8,707.5% From a little over $4.00 USD to almost reaching $300. USD the one-year astronomical climb saw Litecoin practically doubling in December 2017 alone. Litecoins outspoken founder and Developer ( Coindesks #3 on their list Most Influential in Blockchain 2017 )Charlie Lee announcing on Reddit that he was selling or donating literally all (or at least most) of the virtual Litecoin Continue reading >>
Zuckerberg Announcement: Are We About To See A Facebook Coin? Or Litecoin/fb Partnership?
Mark Zuckerberg has just posted on FB about cryptocurrency & encryption and "how best to use them in our services". The post was made exactly one week ago and he talks about the challenges of the upcoming year. You can read his original words on FB here or at the bottom of this post. He tells us the world feels anxious and divided right now and that Facebook has a lot of work to do. whether it's protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent. He acknowledges Facebook makes many errors enforcing its polices and states that he will be focussing intently on these issues this year. These issues touch on questions of history, civics, political philosophy, media, government, and of course technology. I'm looking forward to bringing groups of experts together to discuss and help work through these topics. Now this is where it starts to get interesting. He claims that many businesses got into technology because they believed it would be a decentralising force, putting more power into the hands of the people. With the rise of a small number of big tech companies and governments using technology to watch their citizens many people now believe technology only centralizes power rather than decentralizes it. He goes on to describe two counter-trends, encryption & cryptocurrency which take the power away from centralised systems and genuinely give it back to the people. However, he describes these counter trends as a risk because they are harder to control. He finishes with a clear mission statement: I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services. To me the message is clear. We know he h Continue reading >>
Facebook Ban On Bitcoin Ads Is The Latest In A Very Bad Day For Cryptocurrencies
A slew of negative reports hit the cryptocurrency world Tuesday. Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices." The news followed a Bloomberg report, citing a source, that on Dec. 6 the U.S. Commodity Futures and Trading Commission subpoenaed Bitfinex, one of the largest cryptocurrency exchanges in the world, and a digital coin company called Tether that is run by many of the same people as the exchange. The CFTC and a representative for the companies did not immediately respond to a CNBC request for comment. Also on Tuesday, the U.S. Securities and Exchange Commission announced that a court approved an emergency asset freeze for AriseBank, which claimed it raised $600 million in sales of new digital coins. Two websites for the Dallas-based firm were unavailable Tuesday morning, and its lawyers couldn't immediately be reached for comment. Bitcoin tumbled 12 percent to a low near $9,810 on CoinDesk before recovering slightly, and all major cryptocurrencies sold off. The headlines hit as U.S. stocks tumbled for a second straight day amid a jump in Treasury yields. Some market analysts have attributed the cryptocurrency mania to the generally positive sentiment generated by stock market gains the S&P 500 is in its second-longest bull market ever, a period without a drop of more than 20 percent from a recent high. Worries about regulation persist in east Asia, a major market for cryptocurrencies. South Korea's Financial Service Commission is trying to limit speculation. It confirmed Tuesday, South Korean time, to C Continue reading >>
Why Litecoin (ltc) Could Be Facebooks Chosen Cryptocurrency.
Why Litecoin (LTC) Could Be Facebooks Chosen Cryptocurrency. Facebook founder and CEO, Mark Zuckerberg a few days ago announced his plans for the year included studying cryptocurrency and exploring how it can be utilized on social media platform, Facebook. In a published post, Zuckerberg outlined his personal goal for the year (2018), with the primary goal being to fix the controversial problems within the social media platform. To achieve this goal, Zuckerberg has outlined two critical areas of technology he plans on researching and implementing in 2018, i.e., cryptocurrency and encryption. These two critical areas of technology lead to decentralized power, which Zuckerberg considers a positive direction for Facebook. Now, Zuckerberg was vague in his plans regarding cryptocurrencies, not mentioning if he plans on integrating Bitcoin as a payment option or going with another altcoin, or building Facebooks token from scratch. However, his statement has done enough to get tongues wagging in the cryptocurrency community. The news of one of the worlds most powerful companies looking to integrate cryptocurrency payment into its platform is a massive deal. Zuckerbergs interest in cryptocurrency does not represent a first in Facebooks interest in digital currencies. Back in December, David Marcus, Facebook Messenger boss (and a former president of PayPal until 2014 when he joined Facebook) joined the board of directors of cryptocurrency exchange Coinbase. Of course, all these developments point to the fact that Facebook and a particular cryptocurrency is going to be blowing up 2018 with both Facebook and Messenger set to integrating crypto pay on the platform. Back in 2015, Facebook messenger unveiled a new payment feature that allows users connect their MasterCard or Visa de Continue reading >>
Is Facebook About To Adopt Litecoin (ltc)? Heres Whats Behind The Rumors.
January 23, 2018 By Samuel Rae 2594Views 10Comments Back in December, Charlie Lee announced on Reddit that he had offloaded his Litecoin (LTC) holdings, citing a potential conflict of interest between his continued behind-the-scenes and public activity in the space and the future of LTC from a price perspective. So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence or this reason, in the past days, I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoins success. For the first time in 6+ years, I no longer own a single LTC thats not stored in a physical Litecoin. The market response was somewhat mixed to the development. Some suggested that his selling out of his position was a signal of a lack of faith in Litcoins long-term ability to stand up to some of the emerging coins. Others thought the opposite, suggesting his move was a sensible one and one that would allow Litecoin to develop organically, without the claims that manipulation is rife, as weve seen with many other (much talked about) coins over the last few months. This author falls into the latter camp Lees involvement in Litecoins growth was a conflict of interest in the purest sense of the phrase, so he had two choices: continue to push for the coins growth and sell his stake or back away from Litecoin and hold his stake. The former, this author believes, is much better for the Litecoin community long term. Anyway, thats not the point of this discussion. Around the same time that Lee sold his LTC stake, Coinbase announced the appointment of a Facebook executive to its board of directors. The executive is David Marcus, vice president of me Continue reading >>
Rumor: Is Facebook Going To Adopt Litecoin?
Back in December, Charlie Lee announced on Reddit that he had offloaded his Litecoin (LTC) holdings, citing a potential conflict of interest between his continued behind-the-scenes and public activity in the space and the future of LTC from a price perspective. Around the same time that Lee sold his LTC stake, Coinbase announced the appointment of a Facebook executive to its board of directors. The executive is David Marcus, vice president of messaging products at Facebook, and his remit is to bring years of experience in building large-scale mobile products. Is the conflict of interest that Lee refers to rooted in Facebooks intentions to take on LTC as an integrated cryptocoin within its platform and if so, did Facebook request that Lee sells his stake so as to remove this CoI ahead of said integration? Zerohedge put forward this suggestion here . A commenter on the Zerohedge article on this event pointed out, quite astutely: It was requested from Facebook to do it so that he cant be accused of personal interest, decision bias with regards to the LTC ecosystem development.Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel. Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday. Since this all happened, Litecoin has had a pretty rough few weeks. Right now, the coin trades for $170 a piece, down nearly 70% on December highs. Since this all happened, Litecoin has had a pretty rough few weeks. Right now, the coin trades for $170 a piece, down Continue reading >>