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. It has a market cap over $3.65 billion, a circulating supply over 60.9 million and has traded over $1.6 billion in the past 24 hours according to CoinMarketCap.com.
LTC/USD is tracking to retrace its highs from last fall as it has been uptrending over the past few months. It’s currently forming a potential flag formation. A close above $61.50 could be a confirmation with a potential target at the September highs near $68.30. A stop could be placed below $59.00.
News to Know
Ripple Vs SWIFT, Who’s Winning the Race?
Whilst they aren’t direct competitors by technology (obviously, Ripple is far superior) the realm through which both Ripple and SWIFT operates does mean that they are competing to achieve the same goal, this in turn makes them direct competitors, how they achieve this goal however is very different. It’s a case of the blockchain vs the real world, and frankly it’s one of the hottest debates in cryptocurrency atthe moment.
IBM Announcement Pushes BTC and XLM
The markets have seen a small amount of positivity over the past few weeks, though when we say small, note that we do mean small. As it stands, the markets are still way down from the figures we witnessed this time last year, with no chance of a surge that will pull Bitcoin back to $20,000.00 expected anytime soon either. Earlier this week, IBM made a huge announcement with regards to their Blockchain World Wire Global Payment Network, an announcement that seems to have had a positive impact on Bitcoin and Stellar, though the rest of the markets have remained stagnant.
UPS To Use Blockchain For Shipping, Tracking, And Logistics Services
Logistics major United Parcel Service or UPS, is in deal with blockchain-for-business firm Inxeption to use an integrated blockchain-powered platform called Inxeption Zippy to streamline transactions and logistics from one secure dashboard. The platform is expected to help B2B merchants to become digital sellers, while customers can easily order and receive their products with trusted shipping from UPS.
Offline Transactions Could Be the Missing Link Between Crypto and Adoption
Five years ago, digital tokens were largely unknown, and most financial experts regarded crypto-technology as a radical curiosity. Today, Bitcoin and other digital assets have reached the center-stages of the world’s biggest financial markets. However, digital asset spxistence. When the concept of “cryptocurrency” was first formed, the intention was to create a digital currency, not a digital asset.
Bitcoin Futures Rollout in Jeopardy
Intercontinental Exchange (ICE)’s plans to launch bitcoin futures in November of last year have been delayed because of regulators. According to a report in The Wall Street Journal citing people familiar with the matter, plans for ICE, which owns the New York Stock Exchange, to roll out the bitcoin futures contract are being delayed by the Commodity Futures Trading Commission, which has to give its green light. According to the paper, what’s holding up approval is a disagreement about how Bakkt (the name for the bitcoin futures) should be regulated.
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