What Does Facebooks Crypto Ad Ban Mean For Litecoin
The crypto-sphere is full of hearsay and rumor. If nothing else it keeps hopes high in times of adversity, such as right now. Altcoins can go up on a shill or a pump from a whale, and back down on the spread of FUD across social media. It is unlike any other market and is driven largely on impulse at times. Because it is still an embryonic industry, connections can be drawn between large established companies, cryptocurrencies, and potential blockchain adoption. Crypto-land vented with speculation when Charlie Lee sold off his Litecoin stash and hodlers were left wondering how the coin would survive without its master. Litecoin erupted in December shooting up over 300% in just over a week. It topped out at around $370 and has been on a downward slide ever since shedding over 60% in the process. According to ZeroHedge , there were accusations of insider trading since Lee was the former Director of Engineering at Coinbase. He has vehemently denied any of this, stipulating that the sale was to avoid any potential conflict of interest with any other companies that may be looking at Litecoin adoption. Lee obviously made a bucket load of cash from the selloff but can now Tweet away with impunity. Additionally, Litecoin started its downward spiral just after Bitcoin Cash was added to Coinbase. Both BCH and LTC are improved versions of BTC in terms of transaction speeds and costs. Litecoin, Coinbase, and Facebook Connecting the Dots About the same time as Lees cash out, Coinbase announced the appointment of Facebook executive David Marcus to their board of directors. Marcus was head of Messenger at Facebook and President of Paypal prior to that he has plenty of experience with mobile-first tech. Following that, in early January, Mark Zuckerberg posted that he is looking into c 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 >>
Litecoin Price Analysis - Lee Exits At Interim Top
Litecoin Price Analysis - Lee exits at interim top Josh Olszewicz , 22 Dec 2017 - Litecoin , Opinion , Price Analysis Litecoin ( LTC ) made a new all time high in mid-December, and has cooled off slightly since. The market cap currently is holding at a steady US$16.88 billion with US$1.52 billion in trading volume over the past 24 hours. LTC has also seen increasing transactions per day throughout December, as the Bitcoin and Ethereum networks have been clogged or unusually expensive. The LTC network value to transactions ratio remains lower than that of both Bitcoin and Ethereum, suggesting it is relatively undervalued. The metric was devised by Willy Woo and Chris Burniske, and is similar to Price-Earnings ratios when selecting stocks. Hash rate and difficulty remain stable at their respective highs, with a block reward halving due on August 10th, 2019. The stability allows for the network to maintain 2 minute and 30 second block times, 4x faster than Bitcoin. As a result, LTC has virtually no unconfirmed transactions, compared to Bitcoins ~200,000. LTC average transaction fees are currently at an all time high of US$1.50 per transaction. Charlie Lee, the creator of Litecoin, announced yesterday that he has sold all of his litecoin to prevent any perceived conflict of interest when talking about the currency. Lee states that he donated the funds to undisclosed entities. The reaction to the news was mixed among the community with some encouraging Lee to do whatever he wanted with his money while others would have rather seen the funds in a blind trust or timed vault with a scheduled release. Rumors have been circulating that Lee has been hired by Facebook to integrate payments. While these rumors are currently unfounded, Coinbase recently hired David Marcus, VP of mes 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 >>
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 >>
Litecoin $3k By Summer 2018?
There's a lot of talk on 2018 being litecoin's best year ever. Many people are hinting at a big announcement coming in the next few weeks/months regarding a partnership with one of the big three (Facebook, Amazon, Google). My guess is if litecoin continues doing what it's doing now (being a low cost and easily use-able cryptocurrency) and it releases a few good announcements then the litecoin network will be worth $150b+ and each coin will be worth $3k. Easily. Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though! Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Litecoin price today is $200 and for sure it will increase the price of this coin possible to become thousands dollar price after few months. So better if you buy litecoin now and possible you will rich in the futute if you choose this coin. Many people become rich because litecoin the price is very cheap and after few years the price is hundreds dollars. Litecoin have very bright future and Im happy that I have that. How you say that Litecoin will go $3,000 by this summer as it is now only around $300. The crypto which is evolved even after many years of beginning litecoin has gone over $500 or even $1000. A good example is Ethereum. My prediction says that if the Litecoin has gone to $3,000 it will take at least 2 years from now. Ltc is one of the most popular cryptocurrency out there. If it is true that they will be partnered to a big company, then a 3,000 dollars or more will be reached. Otherwise, maybe it will be just around 1000 dollars this summer I guess. Tip Blockc Continue reading >>
Could Litecoin (ltc) Trump Bitcoin (btc) To Be The Future Of Money?
Could Litecoin (LTC) Trump Bitcoin (BTC) To Be The Future of Money? Well, there are many types of Bitcoin clones out there in the crypto market but Litecoin (LTC) stands out as more than just another pretender to the sovereignty of Bitcoin. Firstly, it is a cryptocurrency of its own that leverages the power of the Srypt algorithm unlike Bitcoin and most cryptocurrencies that use the SHA-256 algorithm. Its unique algorithm makes it a cryptocurrency that is much lighter when compared to Bitcoin (BTC) as it requires less workload to mine and enables faster confirmation of transactions at just 2.5 minutes to Bitcoins 10 minutes. But wait, why hasnt this long-standing digital metal overthrown Bitcoin? Well, lets take a closer look. Although Litecoin was created with the purpose of enabling speedy transactions, it has evolved into a store of value as well. It was created by Charlie Lee who described it as the silver to Bitcoins gold as its based on the Bitcoin core software by Satoshi Nakamoto (the creator of Bitcoin). Since its creation, Litecoin has seen a tremendous growth in its price just like other cryptocurrencies on the crypto market. Last year alone saw Litecoin move up in price from a paltry $4 to a whopping $371 mark then later correcting its value to its current price of around $180 according to CoinMarketCap . Just recently, Charlie Lee set the entire Litecoin community into a mix of reactions when he announced on Reddit that he had sold and donated all his Litecoin(LTC) holdings citing conflict of interest between his public activity in the space and LTCs future price perspective. While some speculated lack of faith from the creator in light of competition from emerging coins, some applauded him for the decision. In response to his decision to sell his stake in Continue reading >>
Is This Why Charlie Lee Sold His Litecoin?
Is This Why Charlie Lee Sold His Litecoin? The news broke yesterday morning that 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, putting on pause the bounce off of the previous nights bottom below $16000 for Bitcoin. This comes in the wake of Coinbase adding Bitcoin Cash (BCH) to its stable of coins available for purchase, which 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: And whenever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence. I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general. The market reacted negatively to the news but only for a short time. Litecoin under Lees direction has been setting itself up as the day-to-day cryptocurrency. One that is easy to use, cheap, fast and easy to pay with. 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 Co Continue reading >>
Litecoin Price Gunning For $300 - Business Insider
Litecoin was gunning for $300 a coin on Saturday, according to data from Markets Insider. The surge follows a surprising announcement by Charlie Lee, the founder of the digital currency. Litecoin, the sixth largest cryptocurrency by market capitalization, was gunning for $300 a coin on Saturday after weeks of declines. The coin was trading at $283 at the time of writing, according to data from Markets Insider . That's up more than 16% against the US dollar. The digital currency fell below $300 after its founder Charlie Lee, a former director at cryptocurrency exchange Coinbase, said he would sell all of his holdings to avoid conflicts of interest . "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," Lee said in a Reddit post. It fell from around $320 on December 20 to $210 just two days later as rumors swirled the interwebs around Lee's intentions in selling off his coins. Some cryptocurrency watchers said the move indicated that Lee had lost faith in the digital currency, while others said he was swapping his litecoin for positions into other digital currencies. Saturday's gains represent one of its biggest rallies since Lee said he would sell his holdings. It also follows another surprising announcement by Lee. He took to Twitter on December 30 to say he would "need to step away" from litecoin for it to thrive. "Seeing how people lost trust because I sold makes me more convinced that it was the right move," he said. "Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away." He said he would wait until it returns to all-time highs before stepping aside. Litecoin peaked above $380 a day before Lee said he would sell his holdin 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 >>
Mark Zuckerberg, Facebook, And Cryptocurrency
Mark Zuckerberg, Facebook, and Cryptocurrency Last week, Mark Zuckerberg, CEO of Facebook, posted his 2018 Mission statement. This mission statement has been a tradition for him at the start of every year, where he displays his goals publicly for the year. In years past, he announced that he would visit the entire country or learn Mandarin. In this years list of challenges, he includes learning about cryptocurrency as one of his goals: There are important counter-trends to this like encryption and cryptocurrency that 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 best to use them in our services. What does this mean? Does this mean that Facebook could get involved in crypto somehow? Could it mean that he could invest in cryptocurrency as a personal investment? It is too early to say. People have always made many leaps of faith about Mark Zuckerberg, including that he is getting ready to run for president . Anything is possible . Lets take a look at some of the Facebook-crypto rumors as well as Facebooks involvement in the payment space for some context. Rumor: Litecoin getting added toFacebook In December 2017, Litecoin founder Charlie Lee announced that he would be selling all of his Litecoin holdings. He explained at the time that his ownership stake placed a burden on Litecoin as a currency. Every time he tweeted about Litecoin, he felt, his words would be misconstrued, and it would affect the price. In response, financial site Zero Hedge published that the real reason for this sale was that Facebook would be adding support for the cryptocurrency: It was requested from Facebook to do it Continue reading >>
Cross Your Fingers People: Litecoin (ltc) Could Uplift The Whole Market!
Litecoin (LTC) could uplift the whole market! The crypto market is in difficult territory right now. There are all kinds of negative news coming out all too frequently. In the last week alone, we have heard of South Korea banning anonymous trading , China seeking to ban centralized trading, and India freezing the accounts of crypto traders and exchanges. Clearly this is a market that is in need of some good news. It doesnt matter whether such news are true or just rumors! Luckily for all us in the market, a positive rumor has come up! A rumor has emerged that Facebook is keen on taking over Litecoin and integrating it in its messenger platform. According to the rumor, this could be the reason why last year, Litecoin founder sold all his Litecoin (LTC) holdings, citing conflict of interest. His decision to sell his stake coincides with Coinbase bringing Facebook messengers president into its board of directors. Clearly, this coincidence is too much for the rumor to be untrue. Anyway, as we wait for this to happen, which it most likely will, lets look at how this will have an impact on cryptocurrencies in 2018. Like all the other coins in the market, Litecoin (LTC) is pretty beat up right now. It has lost more than 70% of its value in the last 2 weeks, owing to the negative news focused on cryptos. If this rumor turns out to be true, LTC will shoot-up to levels we have not seen before. Even $1000 a coin will be within the realms of possibility! Why you may ask? Well, as things stand, Litecoin is one of the most practical coins in the market. It has fast transaction speeds, and is very cost effective in executing transactions, the two defining features of a good crypto. Now imagine what will happen if it were to be integrated into the biggest social media platform in the 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 >>
Litecoin Facebook Rumor - Anonymous Bitcoin Debit Card, Bitcoin Price Last 2 Weeks, Bitconnect Mining Problems
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