Showing posts with label litecoin. Show all posts
Showing posts with label litecoin. Show all posts

Litecoin Will Soon Be Capable Of Transactions as Private As Monero!

Private Litecoin Transactions Crypto News

On the official Litecoin Foundation blog, the Litecoin Core 0.21.2 version was revealed, along with the Taproot upgrade for Litecoin (LTC) and details of the Mimblewimble Extension Block (MWEB).

So, when will the upgrade take place? Unfortunately, not right away. The first step will be a voting process in which each miner will vote on whether or not they support the implementation of MWEB, which requires a 75 percent majority to pass.

Only miners that have upgraded to Litecoin Core 0.21.2 will be eligible to vote.

Privacy You Can Use, or Not...

Countries such as South Korea have outlawed the usage of cryptocurrencies like Monero and ZCash, which allow for anonymous fund transfers thanks to their high levels of anonymity.

As a result, users of Litcoin now have the option of performing an untraceable transaction or a regular transfer as previously.

Private Bitcoin Coming?

The same technology being used to turn Litecoin into a privacy coin years after its release could be applied to Bitcoin as well, it's all open source and available if the community wishes. There's a growing number of Bitcoin users saying they would support it.

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Author: Fernando Perez
Latin America Newsdesk | Mexico City
Breaking Crypto News

LitePay launches at 9pm tonight - but many are disappointed a key feature will be missing...

LitePay will launch tonight at 9pm - but with only some of what was promised.  The following message went out this morning to those who subscribed to their e-mail list for updates:

"Thanks for your interest in LitePay! Registration for Merchant Payment Processing accounts will open today.

Due to recent hostile actions by card issuers towards crypto companies, we have decided that offering LitePay card registrations at this time is imprudent.

We will continue to monitor the situation with regards to card services and will open registration as soon as a reliable product can be supported.

If you are a merchant and you are ready to begin registration for a LitePay Merchant Payment Processing account, please follow the link below after 9:00 PM Pacific Time and click Sign up.

Thank you all for your support as we work to give merchants all over the world the ability to accept Litecoin."

LitePay was supposed to be two things that in conjunction would bring using Litecoin in the real-world a reality.  One was merchant services so businesses could accept Litecoin, the other, a debit card to work anywhere Visa works, that would allow you to spend Litecoin by instantly converting the correct amount to to USD, and authorizing the transaction when swiping the card.

Now we're wondering - was there ever any agreement ever in place that allowed them to implement a debit card?

Other 'spend your crypto with a debit card' themed projects such as Bitwala, Cryptopay, Wirex and TenX - all had their cards canceled and rendered invalid.

At that time (early Jan of this year) Visa issued the statement: "Our actions were not specific to cryptocurrency but rather reflect the issuer's failure to comply with Visa's policies that ensure the safety and integrity of our payment system."

The question that must be asked of LitePay now is - why did you ever say it would include a card? When Visa terminated other cryptocurrency cards nearly two months ago, why did (until today) your plans still include a card for your users?

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Author: Oliver Redding
Seattle News Desk


Charlie Lee predicts Litecoin to surpass Bitcoin Cash in value...

Charlie Lee took a jab today on Twitter at Bitcoin Cash.  The "flippening" refers to the high hopes of Ethereum fans - that one day things will flip, making Ethereum #1 and Bitcoin #2.  On that topic Lee says it "will never happen".

But his next sentence is bringing him both applause and hate, depending on where you stand on the topic of Bitcoin Cash.  Stating Litecoin will overtake Bitcoin Cash "this year".


It could actually happen - to be clear, i'm saying 'could' not 'will'.  LiteCoin foundation and independent developers are expanding on LiteCoin's functionality, with an emphasis on real-world use.

At the same time, Bitcoin Cash is facing some real challenges as more exchanges adopt SegWit for Bitcoin (the original) we're expecting Bitcoin transaction times and fees to get even lower than the 4 month low they're at today.  While Bitcoin Cash supporters are some of the most vocal among social media - the reality is it's never performed beyond 10% the amount of transactions as Bitcoin on any given day.

In other words, if Bitcoin addresses it's issues before Bitcoin Cash grabs enough of the market -
there's a real risk it gets left behind and forgotten - and taking just 10% of transaction volume away from Bitcoin, while still impressive, isn't enough to insure it's survival long term against an improving Bitcoin. 

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Author: Mark Pippen
London News Desk


Litecoin dives 20% - but will the release of LitePay send it soaring back up?

While pretty much everything took a dip over the last 48hrs, Litecoin was hit harder than most - dropping nearly 20%.

One big reason it lost more than others - it had recently gained more than others! 

There seems to be a psychological factor here, when investors are looking to pull back it's easier to justify taking some profits from something that just had big gains - and lately, the coin with big gains has been Litecoin.

Now the question is - will the release of LitePay, set to happen in just 3 days pull it out of trenches?

Well, wish I could give a solid answer on this - but best I can say is - that depends on how LitePay performs. (Read about LitePay in our previous article here

If it meets the hype, some pretty large gains could be expected.  If it doesn't function as promised, experiences any major downtime, or still has some bugs to be worked out - the disappointment could cause some who've held on steady to their LTC to sell.

There's no debate - next 5 days will be crucial for the coin, and it's investors are watching closely.

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Author: Mark Pippen
London News Desk