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Litecoin [LTC] aims to boost trading volume with #PayWithLitecoin

Arjun B

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Litecoin [LTC] aims to boost trading volume with #PayWithLitecoin
Source: Flickr

Litecoin foundation has started two campaigns called #PayWithLitecoin and #LitecoinAcceptedHere. Litecoin has started the campaign with a particular tweet:

“Does your business accept Litecoin?”

The representative team of Litecoin has been encouraging users through the tweet to find all LTC users and potentially interested people.

Litecoin has suffered a loss right in the beginning point of the reviving phase of the crypto market. The fifth position in the market belonged to Litecoin for a long time but was recently taken over by Ethereum-backed EOS.

Under the situation, the Litecoin team had decided to take a stand. Massive adoption campaigns are being deployed under the names of “Litecoin Accepted Here” and “Pay with Litecoin”.

There was no particular information which was given in the tweet regarding the project but the Litecoin team has started adoption campaigns to prompt Litecoin and its daily use among the people. The expected result can be that many small and medium businesses will start adopting Litecoin token [LTC] as a payment option for the services or products which they are providing to the people.

If many companies do start to adopt LTC, the price of Litecoin can increase again. The team at Litecoin feels that this could boost the exchange volume of the Litecoin.

On Wednesday, April 25th, 2018, the WikiLeaks shop had announced that they have started accepting the digital cryptocurrency, Litecoin as a payment method. The founder of the Wikileaks shop, Julian Assange, had consistently shown his support for decentralization, data privacy, and the various uses of blockchain technology.

#PayWithLitecoin is spreading like a wildfire through the various social media platforms. Many Litecoin supports and users have been posting tweets in relation to the campaign.

Jon Moore, a Litecoin enthusiast has tweeted:

“A business that accepts a credit card as payment can have the money taken away from them for 6 months after the original sale. Using Litecoin[ LTC] as payments is a great way to prevent consumer fraud happening. Start accepting Litecoin as payment and feel the power back in your own hands!! #paywithlitecoin”

Altcoins

Binance Coin [BNB] takes off by 11.31%; ERC20 uniswap bug affecting BNB users, but CZ says funds are SAFU

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Binance Coin [BNB] takes off by 11.31%; ERC20 uniswap bug affecting BNB users, but CZ says funds are SAFU
Source: Unsplash

Binance Coin [BNB], in the 24-hour time frame, has spiked by a massive 11.31% leaving other Bitcoin [BTC], Ethereum [ETH], XRP, and other cryptocurrencies to eat dust amid the doom-December.

In the 24-hour time frame, the BNB coin started trading at $4.63 with a market cap of $605 million on December 11, 16:30 UTC. The price dipped to $4.59 within a couple of hours but didn’t stay there for long as the prices saw four significant spikes.

Source: CoinMarketCap

The first spike propelled the price to $4.90 while market cap increased by $34 million, this was followed by a correction of prices to $4.83.

The prices couldn’t reach the $5 mark as the prices exhausted at $4.97. The third spike which was followed after the correction also lost the strength and ended up at $4.97.

The most significant rise was the one that took place on December 12, 16:10 UTC which propelled the prices beyond the $5 mark as it reached $5.15. The market cap also took a huge bump and reached $675 million.

The price fluctuation could be attributed to two reasons, the first being the launch of Binance DEX, which will swap the ERC20 token, BNB from Ethereum platform to Binance blockchain, which was announced by Binance and CZ.

It could also be due to a bug that was tweeted out by a Twitter user Uniswap.

The tweet stated:

“1/ WARNING: BNB providers

Due to a bug in the binance BNB contract it’s possible to add liquidity to the Uniswap BNB<>ETH liquidity pool but not remove it.

This bug is a variation on the “missing return value” ERC20 bug which affects several tokens.”

CZ replied to this tweet:

“Nothing new here. If you send token to a contract address, you won’t get it back. Just like if you send tokens to an address you don’t control for no reason, or a (valid formatted) address no one controls, you won’t have a way to get it back.”

CZ eventually being the humble person he is, tweeted out saying that people who had lost tokens due to this would recieve BNB from Binance.

CZ replied in subsequent tweets about this bug.

“Protecting users is not just talk. It requires action. Stay #SAFU!”

“One guy actually made quite a bit of profit out of his honest mistake. He sent it when it was cheap, and got it back when it was a big multiple.”

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Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing

Namrata Shukla

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Tezos [XTZ] up by 13%; could be listed on Huobi Global
Source: Pixabay

Tezos [XTZ], the token which ranks on the 20th position on CoinMarketCap’s list, has been going through a rough patch, owing to the strong bear market. However, the time appears to have been changing for XTZ as it has been seen siding the bull.

Source: CoinMarketCap

Source: CoinMarketCap

According to CoinMarketCap, the coin was valued at $0.41 with a market cap of $252 million, at the time of press. The coin reported a 24-hour trade volume of $2 million and grew by 1.80% in an hour.

The maximum trade volume of the coin was registered by Gate.io, with a market cap of $510,404 with XTZ/USDT pair. It was followed by UEX on the second and third position. UEX on the second position registered a trading volume of $398,341 with XTZ/USDT pair and on the fourth position, the market cap was noted to be $394,993 with XTZ/BTC pair.

Source: CoinMarketCap

Source: CoinMarketCap

This comes after the coin was valued at its lowest at $0.31 recently, with a low market cap of $192 million. The trading volume of XTZ was reported to be $3 million.

The rise in the coin’s prices is speculated due to getting listed on Huobi Global. Huobi released a statement informing the crypto world about this. It read:

“Tezos (XTZ) will be launched on Huobi Global on December 12, 2018 (GMT+8). Deposits will be available from 14:30, December 12, 2018 (GMT+8). XTZ/BTC and XTZ/ETH trading will be available from 18:00, December 13, 2018 (GMT+8). Withdrawals will be available from 14:30, December 16, 2018 (GMT+8).”

Even though the coin is struggling to make over $2 million in trading volume, it has reported an uptrend by 13% over 24 hours.

Meanwhile, there have been constant talks about Tezos being listed on Coinbase over the past couple of months and many holders are hopeful about the same. On December 7, Coinbase released a list of potential cryptocurrency list, which may be a part of the new listing. This listing included tokens like Cardano [ADA], EOS [EOS], Stellar [XLM], XRP [XRP], and also Tezos [XTZ]. An update is awaited on Coinbase’s end about the final listing.

Tezos seem to be upping its game and fighting the bear head-on.

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