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Litecoin [LTC] grabs another trading platform whilst a bear-foot run!

Priyamvada Singh

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Litecoin [LTC] grabs another trading platform whilst a bear-foot run!
Source: Pixabay

Today, Litecoin boarded another exchange called FXChoice, as mentioned in the platform’s tweet. FXChoice is a trading platform specialized in Forex and CFD trading and focuses mainly on shaping its technology. It is based in Huston Corner and Eyre Street.

FXChoice's tweet | Source: Twitter

FXChoice’s tweet | Source: Twitter

Pawel Mieczkowski, an LTC trader, commented:

“Already use bitcoin with them, very happy to have litecoin option”

Another trader, Cuong Truong also wrote:

“When the Forex market hop on the Blockchain then i’ll trade Forex again. I don’t like dishonorable cowards rigging the Forex market.”

Litecoin, the cryptocurrency that stands at a firm 6th position on the cryptocurrency chart, has recently made its presence felt in a lot of places. It is widening its scope for adoption in businesses and exchanges alike. Some of the prominent platforms that offer Litecoin trading are Binance, Bitfinex, HitBTC, CoinEgg, Bitbox, Kraken, Coinbase Pro.

The cryptocurrency is also a utility in transaction of many sectors. including the content industry, travel and tourism, pharma, among others.

Off late, LTC price has been in discussions among the community for its consistent drop. At the beginning of this year, LTC was a bull trading at a high of above $300.



In the past few days, the highest price LTC has managed to trade at is $100 with a market cap close to $7 billion. At the time of writing, the price of LTC has seen a bitter change of -8.33% trading at $88.95, with a market cap of $5 billion; this is the lowest it has hit after November 2017.

In their announcement, FXChoice has mentioned:

“To deposit LTC, clients must open an LTP-denominated account for Litecoin Photons, of which there are one million in a Litecoin. So a deposit of 1 LTC will give clients 1,000,000 LTP.”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin

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

Febin Jose

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

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, 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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