Category Archive : Litecoin

Why PARO is Attracting Investments Like Ethereum (ETH), and Litecoin (LTC)

Non-fungible tokens (NFTs) are digital assets built on cryptocurrency platforms or blockchains having unique codes that distinguish them from other cryptocurrencies (i.e., identification codes). NFT continues to grow with each token and platform being developed to help foster the evolution of this technology. And Parody Coin (PARO), existing at the forefront of this platform, is at its peak. These cryptocurrencies are often used globally with encryption algorithms and can function as currency and a virtual accounting system.

This article discusses Parody Coin(PARO), Litecoin (LTC), and Ethereum (ETH) and some of their similarities in the crypto world.

Parody Coin (PARO)

Parody coin (PARO) is typically a deflationary utility created on the Binance Smart Chain (BEP20) by a group of developers from the United States, Germany, and Australia. These developers have excellent knowledge of the platform, and they aim to make the coin the best in the market. One of the exciting benefits of the Parody Coin is its presale offer and price. Parody Coins are relatively cheap, and they’re not rumoured to increase anytime soon, which offers holders lots of…

Read more at bitcoinist.com

Korean crypto exchanges issue warnings on litecoin over confidential transactions

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Bithumb and Upbit, two of Korea’s Big Four crypto exchanges that account for the majority of trading volume, have issued investment warnings about litecoin following an update that allows transactions to be sent confidentially. 

Litecoin’s activation of privacy-focused technology Mimblewimble brings a “confidential transaction” ability to the Litecoin blockchain, enabling users to send tokens while hiding transaction information, Bithumb said in a post on Monday. Upbit also issued a similar warning today. The other two large Korean exchanges, Korbit and Coinone, haven’t made any announcements as yet.

The two exchanges pointed to Korea’s Act on the Reporting and Use of Specific Financial Transaction Information, a policy that requires crypto exchanges to implement know-your-customer (KYC) and anti-money laundering (AML) procedures. Korean exchanges tend to delist tokens after making such warnings.

Litecoin was launched in 2011 as one of the earliest rivals to bitcoin. It’s the 18th largest crypto token by value, with a market cap of more than $5 billion, according to CoinMarketCap. The network introduced Mimblewimble, an idea first proposed more than two and a…

Read more at www.theblockcrypto.com

Cryptocurrency Market Booming Worldwide With Leading Key Players -ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group, Unocoin Technologies Private, Ripple, OKEX Fintech Company, Bitfinex

New Jersey, United States,- The latest report published by MR Accuracy Reports indicates that the Cryptocurrency Market is likely to accelerate strongly in the coming years. Analysts have studied market drivers, restraints, risks, and opportunities in the global market. The Cryptocurrency Market report shows the likely direction of the market in the coming years along with its estimates. An accurate study aims to understand the market price. By analyzing the competitive landscape, the authors of the report have made excellent efforts to help readers understand the key business tactics that major companies are using to maintain market sustainability.

Key Players Mentioned in the Cryptocurrency Market Research Report: ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group, Unocoin Technologies Private, Ripple, OKEX Fintech Company, Bitfinex

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.mraccuracyreports.com/report-sample/182149

The report includes company profiles of almost all major players in the Cryptocurrency market. The Company Profiles section provides valuable analysis…

Read more at thedailyvale.com

Litecoin Activates MimbleWimble Extension Blocks (MWEB)

Litecoin has finally announced the activation of Mimblewimble Extension Blocks (MWEB) more than two years after it was first introduced.

On May 2nd, Litecoin achieved the 75% network consensus threshold required for activation after months of dialogue with different miners of the network. Following this, MWEB officially locked in for activation at block height 2257920.

Mimblewimble’s Integration Into Litecoin

A privacy-focused decentralized protocol that gets its name from a tongue-tying spell made famous in the Harry Potter book series, MimbleWimble enables users to conceal transaction data with its confidentiality feature while providing a foundation for other blockchains to improve the usability of their token.

With Mimblewimble Extension Block, users of the network can opt-in to confidential transactions. The end goal is to enhance the viability of Litecoin as a fungible currency that can be used for real-world transactions by lowering fees and adding privacy, throughput, and scalability. David Burkett, a Mimblewimble expert, and developer of Grin ++, was tasked with leading the development of the MimbleWimble protocol for Litecoin.

Litecoin founder…

Read more at cryptopotato.com

Can Litecoin’s [LTC] long-awaited MWEB update shine a light to end this darkness

On 19 May, Litecoin finally launched its new MimbleWimble (MWEB) upgrade after years of development. The upgrade, which was completed at the Litecoin block height of two million, promised that privacy will be guaranteed as users complete transactions on the Litecoin Network.

While it is trite that native tokens barely exhibit any positive reaction to news of their networks’ upgrade, the bloodbath that plagued the cryptocurrency markets in the last few weeks have made it even more difficult for positive movement in the LTC token even in the face of the much-anticipated upgrade.

Prior to the upgrade, the price of the Network’s native token, LTC, was ailing. However, the coin appears to be making a recovery two days after the implementation of the long-awaited MWEB upgrade. 

Let there be ‘lite’

Following several weeks of recording losses, the MWEB upgrade to Litecoin’s Network came with good tidings for the HODLers of the LTC token. After a decline of 83.23% from its ATH of $412.96, the token appears to be positioned for a slow recovery with the MWEB upgrade.

Standing at $69.29 at the time of writing, the token, since the MWEB upgrade rallied up by 2% from its initial…

Read more at ambcrypto.com

Mushe (XMU), Litecoin (LTC), And NEAR Protocol (NEAR) – CryptoMode

May 2022 has seen some downturn in the cryptocurrency market; however, it is still a good time to buy and accumulate tokens that have good utilities. Buying the dip and purchasing heavy volumes can often provide bigger returns for your crypto portfolio. If you’re looking for cryptocurrencies to invest in, try considering these coins: Mushe (XMU), Litecoin (LTC), and NEAR Protocol (NEAR). These 3 coins have diverse use cases and could potentially provide multi-bagger gains in the future. 

Internet Service Provider Firm Supports Litecoin Payments

Oxio, the popular Canadian internet service provider known for its low cost and unlimited plans, announced that it will begin to accept LTC token payments from its users. The LTC token is already widely accepted as a payment currency across the world. The Litecoin network is faster than its competitors and was launched as a lighter and quicker version of Bitcoin. It has not faced any downtime in the past decade and could potentially reach for the moon again this year.

Mushe Is Set To Revolutionise The Metaverse Industry

Mushe is currently on presale and can be purchased here. The XMU token will be used as the primary currency inside…

Read more at cryptomode.com

The 5 Best Places to Buy Gift Cards with Your Crypto

While you can directly use your cryptocurrency to buy products and services from a number of companies, we’re still a long way from all-around crypto payment adoption. Most businesses do not yet accept crypto payments, so finding ways to spend your funds can be tricky. This is why buying gift cards with your crypto can make things so much easier. By doing so, you can indirectly spend your crypto at thousands of different places worldwide. So, which crypto gift card websites are best?

Bitrefill is a hugely popular website for buying gift cards with crypto. Using Bitrefill, you can select your location and then view all the gift cards you can buy and use in your country of residence.

If you select the U.S as your location, for example, you’ll see gift cards available for huge names like Apple, Amazon, DoorDash, Walmart, and Macy’s. You can even buy gift cards for restaurants, airlines, and accommodation.

On top of this, you’ve got a range of crypto payment methods to choose from when you use Bitrefill. Currently, you can spend crypto in the form of Bitcoin, Litecoin, Ethereum, Tether, Dash, and Dogecoin. Traditional currencies like USD, GBP,…

Read more at www.makeuseof.com

How Has Crypto Evolved From Litecoin (LTC) To Parody Coin (PARO)? | The Guardian Nigeria News

Cryptocurrencies entered the financial market in 2009, with the launch of Bitcoin. With thousands of different cryptos worldwide, we have watched the market grow and become one of the biggest sectors within the economy. Litecoin (LTC) launched in 2011 and is currently ranking 20th on coinmarketcap, at the time of writing. Compared to a new coin currently in the presale stage, Parody Coin (PARO) is a great example of how crypto has evolved. 

What Is Litecoin (LTC)? 

Launched in 2011, just 2 years after the release of Bitcoin, Litecoin is almost identical to Bitcoin. This is likely due to the roaring success of Bitcoin.

Despite its aim to mimic Bitcoin, Litecoin has done exceptionally well over the years as it is one of the most popular coins on the market. Being decentralised and blockchain secure, Litecoin is a trusted way for users to invest and use crypto. 

Arguably, LTC is a basic coin and is easy to use, which is good for beginners and users that prefer trading with simpler cryptos. 

How Has The Crypto Market Grown From The Traditional Coins? 

Since the launch of Litecoin, the crypto market has evolved significantly. With different…

Read more at guardian.ng

Largest cryptocurrencies mixed as Litecoin rises

The largest cryptocurrencies were mixed during morning trading on Thursday, with Ripple
XRPUSD,
+0.69%
seeing the biggest move, declining 1.48% to 41 cents.

Litecoin
LTCUSD,
+5.39%
lead the increases with a 1.17% climb to $68.51.

Five other currencies posted decreases Thursday. Polkadot
DOTUSD,
+1.88%
dropped 1.14% to $9.79, and Uniswap
UNIUSD,
+1.61%
slid 0.92% to $4.97.

Cardano
ADAUSD,
+0.94%
inched down 0.78% to 52 cents, and Ethereum
ETHUSD,
+2.37%
sank 1,955.00% to $1,955.00.

Dogecoin
DOGEUSD,
+0.96%
recorded the smallest decline, falling 0.21% to 9 cents.

In addition to Litecoin, two other cryptocurrencies saw increases. Bitcoin
BTCUSD,
+3.35%
climbed 0.85% to $29,455.04, and Bitcoin Cash
BCHUSD,
+2.28%
climbed 0.63% to $193.16.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+8.44%
climbed 4.13% to $65.63, while MicroStrategy Inc.
MSTR,
+11.12%
increased 4.60% to…

Read more at www.marketwatch.com

Taxation of Bitcoin, Ether, Litecoin and Co.: Taxable income for cryptocurrencies – but still, private investors can breathe a sigh of relief!

After a year of wrangling, the German Federal Ministry of Finance (BMF) has finally published explanations on how virtual currencies (e.g., Bitcoin, Ether, Litecoin and Co.) and other tokens (hereinafter: cryptocurrencies) are to be treated for German income tax purposes.

A 24-page circular dated May 10, 2022, explains the tax implications of the acquisition, sale/exchange, and use of cryptocurrencies. The BMF also addresses the taxation of special activities such as mining (proof of work), forging (proof of stake), staking, lending, and special acquisition processes such as acquisition through airdrops or hard forks. The circular also devotes 10 pages to technical explanations in order to clarify the underlying terminology.

Cryptocurrencies As Assets

The German tax authorities assume that the individual units of cryptocurrencies are economic goods that are attributable to the owner, usually the holder of the private key. In the case of online providers where the wallet is accessed via the browser and the private key is managed by the provider or used on the instructions of the customer, the asset is accordingly attributable to the customer as the beneficial owner.

Distinction…

Read more at www.lexology.com