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Development on Litecoin’s upcoming privacy and scalability implementation, MimbleWimble, continues to be smooth and faces no potential delays ahead of a testnet launch later this month, the Litecoin Foundation confirmed in a release. The.
Litecoin demand among institutional investors on Grayscale Investments surged last week ahead of the protocol’s Mimblewimble upgrade and as fears of inflation have risen among US investors, as per reports.
Litecoin — long called the “digital silver” — has strong developments lined up to ensure the token’s long-term growth, said founder Charlie Lee on Twitter earlier today.
Activity on the Litecoin network is seeing a resurgence amidst a broader bull run in the crypto markets, on-chain data metrics show.
Litecoin — long called the digital silver to Bitcoin — is seeing a rise in activity ahead of its MimbleWimble implementation in September this year.
The first testnet for the MimbleWimble implementation on Litecoin remains on track for a September launch, lead developer David Burkett said in a July update yesterday.
Litecoin is currently caught within a slight uptrend that has allowed it to post some large gains throughout the past few days.
Litecoin — long heralded as the “digital silver” to Bitcoin — led gains in border crypto market this week as the DeFi boom, poor economic outlook in traditional markets, and the rise of gold sparked somewhat of a crypto run.
While global businesses reeling from the implications of the ongoing pandemic, development is blooming in the cryptocurrency space.
Mempool logic for implementing MimbleWimble on Litecoin has turned out an area “a bit more complex” than earlier anticipated, causing revision to the underlying code for this aspect.
It has been a rough year for Litecoin, with the cryptocurrency incurring some intense selling pressure throughout the past month that has led it to set fresh year-to-date lows over the course of the past few days.
Among a burgeoning and expansive crypto landscape, Litecoin sits near the top as one of the most popular digital currencies available.
The Grin developer tasked with implementing privacy features in Litecoin announced the introduction of a new type of transaction that will “open up more opportunities going forward.” MimbleWimble development update In a blog post, David Burkett, the project lead for the Litecoin MimbleWimble (MW) proposal, announced the integration of non-interactive transactions.
Ethereum, XRP, and Litecoin appear to have reached an exhaustion point following the uptrend they entered since the beginning of the year.
Bitcoin’s uptrend throughout the first ten days of 2020 has allowed most major altcoins to put some distance between their current prices and their recent lows.
Litecoin seems to be leading the recent run-up in the cryptocurrency market.
Binance recently disclosed the introduction of a new Litecoin derivative product.
Litecoin has been caught in the highly bullish tailwind that has been created by Bitcoin’s massive surge to the mid-$8,000 region, which has allowed LTC to surge another 5 percent close on the heels of its recent multi-day uptrend.
The development has officially begun on Litecoin’s implementation of Mimblewimble extension blocks, a feature that will bring confidentiality to the sixth-largest cryptocurrency by market capitalization.
Despite many arguing that the 2019 block reward halving will decimate its price, Litecoin managed to remain relatively stable.
Ethereum, Litecoin, and XRP entered a stagnation phase in late November.
After more than 66 percent of its value got slashed since its August halving, Litecoin saw its hashrate drop from its peak of over 500 TH/s to just 150 TH/s.
The Litecoin Foundation has announced the creation of a dedicated fund to support the ongoing development of privacy features for Litecoin and is calling for community members to donate.
The Grin developer tasked with implementing privacy features in Litecoin, David Burkett, has created a thread for monthly updates on the LTC MimbleWimble integration and has announced progress on the plan to bring confidentiality features to the sixth-largest cryptocurrency by market capitalization.
Over the last week, the entire cryptocurrency market suffered a significant downturn.
The cryptocurrency industry experienced a large influx of capital over the last 48 hours with the market capitalization surging 37.50 percent.
Cornerstone Global Management announced a partnership with the Litecoin Foundation to integrate Litecoin into its crypto pay and pension plan program, CP3.
A number of technical indicators estimated that the entire market was susceptible to a downturn.
Bakkt’s long-awaited Bitcoin futures contracts launch did not elicit the market reaction most traders were hoping for.
Altcoins such as Ethereum, XRP, and Litecoin are finally showing significant moves, regaining some of the market dominance they lost to Bitcoin year-to-date.
In the end, Charlie Lee says Litecoin will have succeeded when it doesn’t need him anymore.
On-chain data around Litecoin is showing several healthy indicators, including an increase in the number of large transactions on the network.
In an exclusive interview with CryptoSlate, Charlie Lee shares his vision for how Bitcoin and Litecoin can fundamentally challenge governments and revolutionize how people transact.
Despite the pessimism seen across the crypto community in regards to altcoins, the following technical analysis will evaluate whether Ethereum, XRP and Litecoin are bound for an upswing.
Cryptocurrency analyst @100trillionUSD pointed out that the premise that Bitcoin’s halving won’t have a significant effect on its price because Litecoin didn’t jump after its own is fundamentally wrong.
Litecoin’s halving on August 5 reduced the network’s mining difficulty and hashing power by almost 30 percent.
OFAC and FinCEN announced a coordinated effort to sanction three Chinese nationals for an international drug trafficking operation with profits laundered via Bitcoin and Litecoin.
Charlie Lee announced that Litecoin controls 98 percent of the hash rate for its “Scrypt” mining algorithm.
Bitcoin is in the spotlight once again after Bakkt was granted the first approval from the CFTC for physically-settled Bitcoin futures.
Litecoin users on Binance fell victim to a large scale dust attack earlier this week, alarming the crypto community about this new type of malicious attack.
Charlie Lee asserted Litecoin development is alive and well.
The 2019 Litecoin halving has concluded.
Five days from today, Litecoin will go through a process called halving.
After the recent correction, a significant reduction in volume has tamed volatility in the crypto markets.
Contrary to the popular media narrative, new research finds that Bitcoin and Litecoin prices are unimpacted by block reward halvings.
40-years trading veteran Peter Brandt stated that if Bitcoin continues retracing it could violate the “parabolic phase” that started in December 2018 and fall up to 80 percent from current levels, taking Ethereum, XRP, and Litecoin down with it.
In May 2016, Charlie Lee and Jared Tate, the creators of Litecoin and DigiByte, cryptographically proved they were the creators of their blockchain platforms in less than a minute.