Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
For info , Check out : https://litecoin.org/
Lets look at some pros and cons
Pro’s: SEGWIT AND LIGHTNING NETWORK INTEGRATION Litecoin is currently in the process of trying to help bitcoin’s scaling debate by moving towards the activation of Segregated Witness and Lightning Networks. Litecoin founder Charlie Lee stated in a recent post:
Been around since the beginning
Coinbase just added Litcoin: Increase acquisition Litecoin has a fraction of the transaction fees of bitcoin,
Cons: If Bitcoin goes Segwit, Bitcoin will almost offer the same features as litecoin. So many will hedge towards bitcoin. Not new. Not really solving any new problem. Conclusion: The probabilities of Litecoin going up is good. But like anything never invest what you can't lose.
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Я просто напомню вам про лайк, вежливые читатели откликнуться и поставят❤️ В эфире @bitcoin_novosti_segodnya
📌 Сенаторы Марко Рубио и Роберт Менендес направили открытое письмо секретарю Казначейства США Стивену Мнучину, в котором выразили обеспокоенность возможным появлением в Венесуэле, России и Северной Корее национальных криптовалют, способных помочь странам в обходе экономических санкций.
📌 «Мы выражаем обеспокоенность возможным появлением в Венесуэле национальной криптовалюты, в первую очередь предназначенной для обхода санкций, наложенных на страну США. Мы серьезно сомневаемся, что Венесуэла в состоянии запустить такой проект, но в любом случае крайне важно, чтобы Казначейство обладало всеми необходимыми инструментами и механизмами давления для предотвращения обхода санкций США при помощи подобной криптовалюты», — говорится в послании.
📌 Сенаторы отмечают, что за проектом президента Венесуэлы Николаса Мадуро также будут «пристально следить иностранные государства вроде России и Северной Кореи».
📌 «И Россия, и Северная Корея в прошлом уже проявили интерес к созданию собственных национальных криптовалют или использованию уже существующих с бесчестными целями», — отметили сенаторы.
📌 В заключение Рубио и Менендес просят представителя Казначейства до 31 января официально ответить на несколько вопросов, касающихся инструментов и механизмов мониторинга или борьбы с национальными криптовалютами Венесуэлы, России и Северной Кореи. Кроме того, сенаторы интересуются, есть ли у ведомства достаточные полномочия для пересмотра условий санкций в соответствии с этими задачами.
Продолжение в комментариях⤵️⤵️⤵️
Israeli PM says Bitcoin could replace Banks: In a video published on Tuesday, Israeli Prime Minister (PM) Benjamin Netanyahu claimed that the operation of traditional banks will eventually become obsolete and could be replaced by Bitcoin. He based his claim on the trustless nature of Blockchain technology and on Bitcoin’s continuous, notable growth this year.
In the video, Netanyahu stated confidently that banks will eventually become outmoded and be replaced, though when and by what exactly remains to be seen: “Is the fate of banks that they will eventually disappear? Yes. The answer is yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark.” The head of the Israeli state also spoke about the role of banks, explaining that they were created and continue to exist to ensure that transactions between two parties are valid and secure. Banks, not to mention governments, continue to control how money is spent and continue to benefit from that control, at the cost of the transacting parties.
Blockchain, the underlying technology of cryptocurrency, makes it possible for people to transact directly. The decentralized technology itself, rather than a centralized institution, ensures that transactions between people are valid and secure.
Netanyahu acknowledges the significance of Bitcoin “The truth behind what I just said is what’s propelling Bitcoin upwards.” However, the prime minister also expressed doubt in the ability of Bitcoin to continue growing at such an astonishing rate, stating: “There’s nothing like this, that will continue rising at this rate, it can’t happen
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Ukraine Wants A National Digital Currency Not Its Own Cryptocurrency: The National Bank of Ukraine (NBU) has said it is “considering” introducing a digital version of its national currency, the hryvnia, that is not based on Blockchain, at least for now. The central bank reported in a Facebook post Thursday Jan. 11 that it is studying “new and innovative technologies” as part of the country’s so-called Cashless Economy project, of which the potential e-hryvnia is a part.
The NBU drew a distinction between the digital currency it has in mind and a state-issued cryptocurrency, which would by definition be based on Blockchain technology: “However, the National Bank would like to specify that what is meant here is the possible introduction of an electronic hryvnia, not our own cryptocurrency.” The NBU also noted that the possibility of basing their proposed e-hryvnia on Blockchain is still up for discussion.
The plans for a digital hryvnia versus a national cryptocurrency contrast with activities across the border in Russia, whose government has been flirting with the idea of a Blockchain-based CryptoRuble since 2015.
In addition, fellow CIS member Belarus has proclaimed its intention to become a cryptocurrency-friendly zone, facilitating easier regulated exchange and attracting foreign investment.
Meanwhile, Ukraine’s cryptocurrency scene made headlines for more nefarious reasons in December 2017. The sudden police raid of crypto journal ForkLog in Odessa was followed by the kidnapping of EXMO exchange director Pavel Lerner in Kiev. Lerner has since reportedly been released for a $1 mln ransom.
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BlockChain To Replace Function Of Lawyers: After reading about how a partner in one of the biggest and most prestigious international law firms was busted by an undercover US Federal Bureau of Investigations (FBI) agent for trying to garner Bitcoins in a corrupt transaction from a Silicon Valley tech company, it’s likely you won’t feel sad about smart contracts beginning to take over certain functions of lawyers. You might even secretly thank Ethererum’s co-inventor Vitalik Buterin, for it. “My life is over”
A calm lobby of Hilton Garden Hill in Cupertino, CA was transformed into a crime scene exactly at 9:55:10 am on Jan. 31, 2017 when a man, shrieked “my life is over” as he was being handcuffed and arrested by FBI agent William Scanlon. The arrested man was using a fake name “Dan” and wearing an obvious wig to disguise his identity. Unfortunately, his cover was blown when the Scanlon, who worked at FBI’s public corruption division, identified him in his report as no other than Jeffrey Wertkin, a partner at Akin Gump Strauss Hauer & Feld who was an ex-US Department of Justice (DOJ) prosecutor.
Apparently, Wertkin, while still working at the DOJ in Washington DC, stole whistleblower complaints brought against a Silicon Valley tech company, which was sealed from public view. To give the tech company a leg up in the government’s ongoing investigation and to obstruct justice, Wertkin tried selling these sealed whistleblower complaints against the tech company, in exchange for 310 “untraceable” Bitcoins worth $310,000, but was instead busted by the FBI.
Wertkin’s dreams of becoming an “undetectable” Bitcoin millionaire was shattered on Nov. 29, 2017 -- when Bitcoin was trading at $7,000 – and when he pleaded guilty to two charges of obstruction of justice and one count of transporting stolen goods across state lines. DOJ prosecutors said they would seek 30 to 37 months of prison time when he’s sentenced on March 14, 2018. The law firm has since fired Wertkin.
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St.Louis Fed Sees Future In The Crypto As An Important Asset Class, BitCoin As Digital Gold:
The Federal Reserve Bank of St. Louis has published a paper entitled “A Short Introduction to the World of Cryptocurrencies” with an overall favorable assessment of digital currency and Blockchain applications for the future.
The paper, written by Aleksander Berentsen and Fabian Schär, begins with a humorous comparison of the Bitcoin (BTC) system to the island of Yap. The small island population had to keep a virtual ledger of who owned what currency, because their units of value were large, almost unmoveable stones that would remain in one place, regardless of ownership, and could be lost at sea.
The researchers then go into technical detail of the mechanisms of Bitcoin mining, the mathematics behind hashing, and how the transaction consensus works, touting the usefulness of Bitcoin as an asset of the future:
The paper then forecasts the areas in which Blockchain technology will have the most effective applications, citing “colored coins”, a kind of meta-transaction linked to a BTC transaction, smart contracts, an application in which Ethereum currently leads, and data integrity.
The negatives of Blockchain technology applications, according to the researchers, are the potential for forks, the energy waste involved with mining, and the price volatility of a non-centralized currency.
The paper’s conclusion again highlights the potential for a new digital currency asset class:
In January 2017, Federal Reserve chair Janet Yellen spoke favorably of the possibility of the Fed using blockchain and the potential for easier global financial transactions, but offered no specifics as to how this could occur.
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