Litecoin [LTC] is now compatible with the Blocknet Protocol, which means, LTC can function in a cross-blockchain decentralized application [dApps] like those payment processors which would allow payments in LTC. This will be accepted as payment for any other currency or vice-versa.
The Blocknet Protocol is a network in which each system can pass information directly to another without the need for a central server. It has a protocol running between nodes on various blockchains in order to enable the transfer of data and value between blockchains. It also creates the door to cross-chain decentralized applications.
The Blocknet Protocol recently tweeted:
#litecoin now has simple integration with cross-blockchain dApps with #Blocknet! @litecoin brings new momentum to the future of cross-chain ecosystems”
As the bears are pushing down the bulls, from 6th May onwards the price of LTC has been steadily declining against the US dollar. On 6th May, LTC was trading around $175 and in a week, it has come down to $139.04 at 6:20 AM UTC, 13th May.
There is has been a slight growth of 3.03% in the last 24 hours and Litecoin is still trading in the 6th position in the market after surpassing Cardano with a total market capitalization of $7.8 billion.
A subsidiary of Japanese conglomerate GMO internet, MO Coin had announced this week that the cryptocurrency exchange has added four new cryptocurrencies to its loan service which would allow users to lend their cryptocurrencies to the firm. The firm is currently accepting Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC] and Ripple [XRP].
@notsofatdad, a crypto investor has tweeted:
“So, a good “trader” would probably drop a moderate portion so they can average down on the dip. Worst case, you’re still in the game and have some fiat safe. Best case you own more coin for the rally back. An “investor” would just ignore it and wait for their goal exit price.”
Subscribe to AMBCrypto’s Newsletter
Small victory for iFinex, Monero responds to Reuters report and more
Crypto News – 23 May – Small victory for iFinex, Monero responds to Reuters report and more
— AMBCrypto (@CryptoAmb) May 23, 2019
Crypto News – 23 May
Another banks drops crypto-project: After Dutch multinational bank, ABN AMRO, Rabobank announced that it is dropping plans to launch its own crypto-project
Read more at https://bit.ly/2HN7l1P
SCB Thailand on XRP adoption: Thailand’s Siam Commercial Bank asked users to remain patient and wait for an announcement about integrating and adopting XRP for transfers
Read more at https://bit.ly/2YK3Lws
Mark Yusko on Bitcoin: Morgan Creek Capital’s Chief Investment Officer is in the news after he claimed that owning Bitcoin was a great way to diversify one’s portfolio
Read more at https://bit.ly/2Eukv2O
Binance Coin on adoption spree: BNB can now be traded on Tesla using two wallets
Read more at https://bit.ly/2YJn5cY
Binance Research on Facebook: New research by Binance claimed that the entry of Facebook in the cryptocurrency market will define market’s future growth drivers
Read more at https://bit.ly/2VKx8N1
Binance’s IEO performance: Binance led the IEO performance charts as new data revealed that the exchange’s Launchpad token sales outpaced competing platforms
Read more at https://bit.ly/2JX9gUg
Subscribe to AMBCrypto’s Newsletter
Montana State makes a move in favor of crypto-space as the law recognizes utility tokens as not securities
Binance CEO CZ accused of causing ‘pump and dump’ by prominent trader after being blocked on Twitter
Ethereum [ETH] and Tron [TRX] Price Analysis: Coins suffer as bears push bulls aside
Bitcoin [BTC]: Strongest reason for price rise is evolution of different players coming in, says ErisX CEO
HitBTC insolvency brought into question as new research points to red flags
Tron [TRX] announces future trading on OKEx platform from May 20
Bitcoin’s [BTC] Lightning Network is awesome, says Blockstream’s Samson Mow
Crypto is replacing the US Dollar and no one seems to be noticing, claims prominent investor Robert Kiyosaki
Coinbase extends XRP trading access to New York users; coin pumps by 22%
Litecoin [LTC] bought at $100k on Binance when coin was trading at $90
XRP/Ripple: R3’s Corda to further partnership with credit-union centric CULedger
Bitcoin? Bitcoin Cash? Bitcoin Satoshi’s Vision? Will the real Bitcoin please stand up?
Bitcoin SV drops by a massive 24% in an hour after Bitcoin whitepaper patent backlash
Ripple executive elected to United States Faster Payment Council’s Board of Directors