Bitcoin is trading near $66,000 levels in South Korea as “Kimchi Premium” has returned. From a report: Kimchi Premium is the spread between bitcoin’s price on South Korean crypto exchanges and Western exchanges. Bitcoin is currently trading at around $66,200 on Bithumb, according to TradingView. That is whopping about 15% or $9,000 higher than bitcoin’s… Continue reading Bitcoin is 15% More Expensive in South Korea
In true 2021 modern news-fashion, this news story can pretty much be summed up by a single tweet. Here’s Gene Simmons’ response when asked how much Litecoin he has: A lot. https://t.co/50fIHF8PXa — Gene Simmons (@genesimmons) February 13, 2021 What do you think? Is Gene Simmons a Litecoin believer, or someone just hedging their bets?… Continue reading Gene Simmons has “a lot” of Litecoin
In the past month @Grayscale Trust has purchased over 174,000 Litecoin. This is approx 80% of all Litecoin mined last month… That means fresh Litecoin is actually in very short supply. That also means its short-term outlook is pretty good – perceived scarcity has a positive effect on LTC value. Original Tweet
Last week Litecoin creator, Charlie Lee along with Chris Lee, Helen Hai, Yoni Assia and Justin Sun (who was the one to place the winning bid of $4.5m last year), finally sat down with Warren Buffet of Berkshire Hathaway at the Happy Hollow Club in Nebraska, US for Lunch. Sun spoke last year of his… Continue reading Litecoin Creator Charlie Lee’s $4.5m Crypto Charity Lunch with Warren Buffett
Ever since the initial murmurings and quietly published patents from back in 2014/15, many had been wondering when paypal would finally take the dive into the emerging world of cryptocurrencies. Well that time has come with the company announcing that it is launching a new service enabling users to buy, hold and sell cryptocurrency. The… Continue reading Paypal Adds Litecoin
Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness. Segregated Witness, or SegWit, is the name used for an implemented soft fork change in the transaction format of Bitcoin. The formal title “Segregated Witness (Consensus layer)” had Bitcoin Improvement Proposal number BIP141. The declared purpose was to prevent nonintentional bitcoin transaction malleability, allow optional data… Continue reading Litecoin Adopts SegWit
In exciting news, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.
Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee who later became Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011. It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm… Continue reading Litecoin Released