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Litecoin [LTC] gets a boost in adoption as HTC’s Exodus 1 phone adds cryptocurrency support




Litecoin [LTC] gets a boost in adoption as HTC's Exodus 1 phone adds cryptocurrency support
Source: Unsplash

Charlie Lee, the creator of Litecoin, announced earlier that he would be speaking at the at Slush 2018 event in Helsinki on December 6, 2018, and talk about the HTC Exodus 1 phone that has integrated cryptocurrencies like Litecoin [LTC] and Bitcoin [BTC].

Lee always envisioned cryptocurrencies to become the go-to currencies and aimed his creation [Litecoin] to have cheaper fees and faster transactions. In the event, Lee spoke with HTC’s Decentralized Chief Officer Phill Chen and announced that HTC Exodus 1 will be supporting Litecoin and other cryptocurrencies.

The early access to the Exodus 1 phone will have an option to buy it with Litecoin [LTC], Bitcoin [BTC] or Ethereum [ETH] on the website. In addition to the above, the phone has a new storage method that utilizes social key recovery mechanism if the device is lost or stolen. Zion is an integrated wallet that comes with the phone to store Bitcoin, Litecoin, Ethereum and various ERC-20, and ERC-721 tokens.

Lee is also joining the HTC Exodus team as a consultant, and during the event he stated:

“I’m happy that the much awaited HTC ‘EXODUS 1’ can now be purchased with Litecoin. Ever since cryptocurrency was created, my vision for Litecoin was always to increase the distribution of the currency and use it a foundation for secure transactions worldwide, with the Exodus 1, project HTC is expanding crypto technology to the mobile phone and doing so in a way that protects user’s information and wallets.”

Phill Chen said that the users of the phone have total control over their private keys and added:

“Only when users have full ownership of their own keys, can we enact true decentralization, a vital first step toward protecting users. We see this as a stepping stone to how people will carry their own digital-assets and digital identities in their pockets, in the very way we carry phones today.”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Bitcoin’s [BTC] biggest threat is its users, not governments, says’s Cobra

Febin Jose



Bitcoin’s [BTC] biggest threat is its users, not governments, says’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.’s Cobra, who is also the co-owner of, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,

“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”

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