Litecoin Price Suffers Worst Weekly Losing Streak in a Year
Litecoin has charted a four-week losing streak for the first time in 12 months and is currently trading around a historically strong support level.
For all intents and purposes, the function of Litecoin is almost identical to that of Bitcoin – it is a decentralised digital currency. It reduced the 10 min block confirmation time to 2.5 minutes which enables faster processing. The currency was created by Charlie Lee in October 2011 as an attempt to make Bitcoin more scalable and quick. During the period of high BTC fees of late 2017, observers suggested users were utilizing LTC as a second layer to send transactions.Blockchain 101
Litecoin’s price plunge in recent months has whittled away the profitability of mining the cryptocurrency, leading to a shakeout among operators.
The German bank is set to help European retailers accept bitcoin payments in early 2020.
The initial annual percentage yield will be 8.6 percent for USDC and 3.78 percent for litecoin.
Japan-based bitFlyer is adding multiple new coins to its European and American subsidiaries.
Formerly a CoinDesk Contributing Editor, Daniel Cawrey is author of the upcoming “Mastering Blockchain” book to be published by O’Reilly Media. Earlier this year IBM purchased Red Hat, the oft-referred to model for how open source can thrive, for $34 billion. Long the consultant to enterprises, IBM is going through a transitional period as a […]