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Litecoin Turns 8 — Charlie Lee Says Foundation Not Near Bankruptcy

As Litecoin celebrated its eighth birthday on Oct. 13, its founder Charlie Lee fended off criticism about LTC and the Foundation’s finances. As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post was the exuberant announcement that: “Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forward to the next 8 years and more! ” “We have enough money to last 2 years”The first response to the birthday post immediately raised the specter of bankruptcy allegations, to which Lee robustly retorted: “It's [the Litecoin Foundation] not near bankruptcy. Don't listen to stupid fud and lies. We have enough money to last 2 years.” The allegations were sparked by a TrustNodes report last week that claimed the Foundation was ..

Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report

Litecoin and other alts are becoming increasaingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. According to cybersecurity firm Cofense’s new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin (BTC) to specifically avoid detection by specialized email filters. The report states: “As enterprises began writing detection rules to block those emails, threat actors modified the text by replacing it with an image, which prevented key words from being identified by Secure Email Gateways (SEGs). The bitcoin address was left as a plain text string in the email, so it could be easily copied.” Compromising browser history as leveragePer the report, perpetrators of “sextortion” usually claim that they have installed so..

Litecoin Founder Charlie Lee Addresses Project Abandonment Allegations

Litecoin development is active and progressing despite recent allegations, according to Litecoin founder Charlie Lee. Litecoin (LTC) founder Charlie Lee has addressed recent project abandonment allegations. In a series of tweets published on Aug. 10, Litecoin founder Charlie Lee addressed allegations that Litecoin did not have further plans for the coming year: “Recently there's been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin GitHub, it would seem like we did no work in 2019. There are actually 2 reasons why this is the case even though we have been developing.” The first reason Lee provided for the apparent lack of work on Litecoin is that most of the updates applied to Litecoin were originally developed for Bitcoin (BTC) and as such, only the original development dates appear. He explained: “What this means in practice is that although we did work on and release the latest Litecoin Core in May of 2019, if you look at GitHub, most of th..

Litecoin Halving Aftermath: LTC Price, Hash Rate, Community Reaction

Analysis of the much-anticipated Litecoin halving that took place on Aug. 5: What was learned about the event and what might happen to LTC in the near future? Litecoin (LTC) has just experienced an event that happens once in four years: the second halving. On Aug. 5, 2019, Litecoin rewards for producing a block were halved from 25 LTC to 12.5 LTC. At a speed of 2.5 minutes per block produced, halvings occurs every 840,000 blocks. Ahead of the event, Cointelegraph discussed the features of the Litecoin halving and the building market sentiment that preceded this momentous milestone. Analysts were uncertain regarding how this will affect the price, hash difficulty and sentiment of the miner community. In a recent interview, Litecoin creator Charlie Lee explained that the predictions are often a result of community actions rather than the halving itself: “So a lot of people are buying in because they expect the price to go up and that’s kind of a self-fulfilling prophecy. So, because the..

Litecoin Halving Price Rally Fizzles Sub $100 But 97% Hash Rate...

Under one day since Litecoin’s halving, its hash rate appears to be as robust as ever, with hash rate at 97% of its pre-halving level. Under one day since Litecoin (LTC)’s halving, its hash rate appears to be as robust as ever. In a tweet posted on August 5 — just under 22 hours after the halving event — Litecoin creator Charlie Lee noted that: “504 blocks have been mined since the halving. This is 1/4 of the way to the next diff change. 21.65 hrs has elapsed since the halving. Normally on average it takes 21 hrs for 504 blocks. This means 97% of pre-halving hashrate still mining LTC.” Mining FUD debunkedHalving — or the pre-coded 50% reduction of the mining rewards for a given cryptocurrency — is an event that is closely watched by the crypto community for its impact on both the price and on miners. For Litecoin, rewards halve every 840,000 blocks — a process that occurs every four years. The block speed for Litecoin is roughly 2.5 minutes, with around 576 blocks generated per day, ..

Litecoin (LTC) Halving Finally Takes Place After Months of Anticipation

Litecoin news today – Litecoin halving is the event where the number of produced Litecoin rewards per block will be divided into two. The overall number of Litecoin mined by miners per block will be dropped from 25 10 12.5 LTC in this litecoin halving. The number of litecoin found per block will become more limited and this halving reward guarantees that litecoin overall supply will reach 84 million. Traders should anticipate fluctuation during this period while miners should anticipate earning lower mining rewards. Litecoin Halving – Litecoin Price Prediction – LTC Halving Could Affect Old Model Miners According to the LTC news update – Litecoin blockchain attained the block height of 1,680,000 on Monday, Litecoin, the fourth-largest cryptocurrency by market capitalization has just decreased its block reward for miners by half. The litecoin blockchain has been programmed to decrease its mining rewards by half every 840,000 blocks, which is approximately every four years. Due to the ..

Litecoin Price Fails to Pass $100 on Day of Halving

The altcoin’s much-anticipated halving event fails to deliver any sudden bull market. All eyes were on Litecoin (LTC) price August 5 as its block reward halving failed to excite markets and produce gains for investors. Litecoin 7-day price chart. Source: Coin360 LTC gains fail to materializeData from Coin360 showed Litecoin, which is the fifth-largest cryptocurrency by market cap, trading at around $94 Monday, just one hour before the halving. Once the process completes, miners will gain just 12.5 LTC per block of mined transactions, instead of the current 25 LTC. While not guaranteed, this increased scarcity has the ability to push up the price of a token, Cointelegraph reporting on anticipation building prior to Bitcoin’s (BTC) next halving in May 2020. For Litecoin, however, the halving has yet to enliven sideways markets, LTC/USD gaining just 3% over the past 24 hours. Bitcoin in fact outperformed Litecoin and all other altcoins in the top twenty as the week began, rising by c..

Litecoin Halving Is Almost Here But The Bears Aren’t Letting The...

Litecoin news today – On cryptocurrency news today, in the next few days, there are possibilities that cryptocurrency may pick up a bid. Going by the performance of the past six months, an impending supply cut has been priced in by smart traders and investors, making massive gain far-fetched. Litecoin News Today – Litecoin Price Prediction – LTC May Experience Months of Downtrend Due to Halving The principle inherent within litecoin’s (LTC) code is fixed to soon decrease rewards for the miners who guarantee transaction processing on the world’s fourth-largest blockchain by total value. In a few days, litecoin will experience a programmed reward halving, this is a procedure aimed at preserving cryptocurrency’s purchasing power. The mining reward is currently set at 25 litecoins ($2,500) per block and will decline to 12.5 litecoins ($1,200) per block on 5th August. The halving is similar to interest surge and other values launched by central banks across the universe when tackling high..

Litecoin Halving: All You Need to Know

Litecoin halving: experts discuss how the market will respond and what is likely to happen before, during and after it takes place... With just one day to go until Litecoin’s (LTC) next halving event, Cointelegraph sets out all you need to know about the cryptocurrency’s reduction in block rewards. In spite of their reputation for creating price hikes, the lead up to the halving has witnessed a 25 percent decline in valuation over the last month. What is halving?Halving is a process that occurs when the mining reward for a cryptocurrency is reduced by 50%. Miners receive crypto rewards for solving problems that create each new block on a given blockchain. The rewards differ for each cryptocurrency. With Litecoin, miners are currently awarded 50 coins per block. After Aug. 5, miners will only receive 25 Litecoins per block. Litecoin rewards halve every 840,000 blocks, a process that occurs every four years. The block speed for Litecoin is roughly 2.5 minutes, with around 576 blocks g..

Litecoin (LTC) Experiencing a Stormy Rise and Fall Amid Altcoin Market...

Litecoin News Today – Litecoin (LTC) is a decentralized money free from censorship and open to all. It is a platform where you can send low cost and secure payments to anyone at any time just like Bitcoin. Litecoin is blockchain secure, it has the largest global crypto-based network, operating with 100% uptime since 2011 securing and try casting billions of dollars in value. Litecoin, in the past 24 hours, has declined drastically but it is gradually picking up. The drop was conventional as many expected it to continue that way. The decline would be expected to go on as experts are on the lookout to see the beginning of another rise as the recovery process is still ongoing. In the Litecoin price prediction today, the digital silver is trying to recover from bearish pressure. Litecoin Price Prediction – Litecoin Latest Update – Litecoin News Today – Litecoin Price Analysis Other declines could be detected to the $85 support zone before the second rush comes to an end. After the realiz..
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