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Litecoin

Price of LTC Jumped by 37% After Fake Press Release

  • Claiming that retail giant Walmart was about to adopt Litecoin for payments, the fake press release caused the price of LTC to jump to $235 in less than 30 min.
  • A spokesperson for Wallmart told CNBC the press release was "not authentic" roughly an hour after it was posted, causing the price of the crypto to fall to normal levels.

CoinShares Launches Physically-Backed Litecoin ETP

  • Each unit of the Litecoin ETP (LITE) will be backed with 0.20 LTC at launch.
  • LITE is the third physically-backed ETP CoinShares launched this year, following a BTC and ETH product.

Grayscale’s BCH, LTC Trusts Now Available

  • Both trusts' shares, available under the BCHG and LTCN tickers, became available for public trading after receiving DTC eligibility.
  • Unlike Grayscale's BTC trust, the BCH and LTC trusts are not registered with the Securities and Exchange Commission.

Crypto Custodian Anchorage Adds Litecoin Support

  • Litecoin has become the 27th digital asset available for storage and trading on Anchorage's platform.
  • By listing the asset, Anchorage will meet the needs of a "sizable group" of institutional investors interested in Litecoin.

Rewards for Miners Have Been Halved on Litecoin’s Network

  • Today the Litecoin network reached block height of 1,680,000, which reduced its miners block rewards by a half, from 25 LTC per block to 12.5 LTC.
  • Even though the increased scarcity could push the price of the token up, it could also have an effect on the interest of Litecoin mining.

Litecoin Outshines Rivals in Advance of August Reward Halving

  • Litecoin has seen fantastic progress in both pricing and non-price metrics in 2019.
  • This superb performance could be connected to the mining reward halving that will happen on August 6.

Litecoin ranked ‘Excellent’ in Adoption and Investment Return

  • Litecoin ranked highly by the respected Weiss Ratings.
  • The Litecoin Foundation has valuable partnerships and new goals ahead.

News of MimbleWimble Support And Beam Partnership Result In Litecoin Price Hike

  • Litecoin holders will be happy to see that the coin has pumped more than 20% within a single day.
  • After a successful rebrand, Litecoin devs have been eagerly working towards removing the stigma of being a copy+paste coin, or a monetized bitcoin mainnet.