Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse

Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening Guidelines Five of South Korea’s leading domestic cryptocurrency exchanges have said they plan to create a consultative body whose mandate is to prevent the recurrence of a token collapse similar to that of the first iteration of Terra’s LUNA. The consultative body will achieve this by…

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Major South Korean crypto exchanges delist Litecoin

Major cryptocurrency exchanges in South Korea have delisted Litecoin (LTC) weeks after flagging its privacy-focused MimbleWimble (MWEB) upgrade. In a public announcement on Wednesday, Upbit cited the Act on the Reporting and Use of Specific Financial Transaction Information, which prohibits anonymous transactions as the key reason for ending support for LTC. The delisting comes in the light of the much-awaited MWEB upgrade that made LTC transactions private, hiding some of the key identifiers. The upgrade was released earlier this year, nearly two years after its first proposal. The crypto exchange…

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Litecoin is finally launching its major Mimblewimble upgrade

[ad_1] After two years of development, Litecoin (LTC) has finally launched its highly anticipated Mimblewimble upgrade, opening the door to more privacy-oriented transactions on the network.  Mimblewimble’s integration into Litecoin came by way of the Mimblewimble Extension Block, also known as MWEB, which allows the network’s users to opt-in to confidential transactions. MWEB lead developer David Burkett, who has been sponsored by the Litecoin Foundation, said the upgrade improves Litecoin’s viability as a fungible currency that can be used for everyday transactions, pay employee salaries and even purchase real estate.…

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Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November

[ad_1] A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern. The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the “neckline.” Typically, the price breaks below the support and falls by as much as the maximum height between the double top’s peak and neckline. So it appears, Litecoin is halfway through forming a double…

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Litecoin hits 6-month high as LTC price soars 20% in 24 hours

[ad_1] Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng — Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The 14th-largest digital asset rose by a little over 25% in three days, pushing its price to almost $250 on Coinbase. Meanwhile, the total value of cryptocurrencies reached…

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Litecoin transactions near an all-time high after gaining ground in consumer finance

[ad_1] The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered by fintech firm Unbanked.  According to the card’s homepage, potential customers would first register for a Litecoin Card account, deposit LTC into a specific wallet address, pass a know-your-customer check, and receive a virtual Litecoin Card. The service claims that the sign-up process takes less than five minutes.…

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Cardano price dips after smart contract launch, Walmart working with Litecoin is fake news, Coinbase raises $2B from junk-bond sale: Hodler’s Digest, Sept. 12-18

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Cardano launches smart contracts after successful hard fork After years of anticipation, Charles Hoskinson’s brainchild, Cardano, finally launched its smart contract functionality via the Alonzo hard fork on Monday. You’d think the result of this would be some bullish price action for ADA but,…

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AMC adds Ether and Litecoin to year-end crypto adoption plans

[ad_1] AMC Entertainment will not only accept Bitcoin (BTC) payments for movie tickets by the end of 2022 but will also include other popular digital currencies in its crypto acceptance policy. Tweeting on Thursday, the company’s CEO, Adam Aron, announced plans for AMC to accept three other cryptocurrencies — Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As previously reported by Cointelegraph, AMC initially unveiled plans to accept Bitcoin payments for online movie tickets before the end of the year. At the time, Aron said that moviegoers were eager to…

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Walmart and Litecoin Payment News Debunked by Walmart Spokesperson, LTC Prices Shudder from Fake News – Bitcoin News

[ad_1] On Monday, September 13, a press release was published by globenewswire.com and said it was connected to “Walmart Inc,” the American multinational retail corporation. Several mainstream media outlets published stories about it including Reuters, Bloomberg, and CNBC. Not too long after these reports were published, the press release was verified as being “not authentic” by a Walmart spokesperson. Fake Walmart and Litecoin News Exposes Pump and Dump Scheme It appears that a phony Walmart press release has been published on Monday which said that the Walmart retail chain was…

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$52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash

[ad_1] Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry.  This truth was put on display on Sep. 6 when BTC price rose to the $52,000 level and ignited a market-wide rally that lifted the price of small- and large-cap altcoins. When Bitcoin rallies, most of the legacy coins like Litecoin, Bitcoin Cash, XRP and Stellar tend to move in tandem. Now that BTC looks ready to test…

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