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Will Litecoin recover? LTC adoption, exposure, and liquidity to rise with new developments

Anirudh VK

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Will Litecoin recover? LTC adoption, exposure, and liquidity to rise with new developments
Source: Unsplash

Litecoin [LTC] has recently been on a high note after its hike to the $60+ levels. However, it has yet to reach the levels of above $100 as seen earlier this year. Post exciting developments in the Litecoin space, there remains one question on investors’ minds; will Litecoin recover?

Recent news in the Litecoin markets includes the introduction of the coin to CoinText. CoinText is a service that lets users send cryptocurrencies such as Bitcoin Cash [BCH], Dash [DASH] and now Litecoin to a mobile phone number. This product is set to make cryptocurrencies accessible to the everyday population.

The CEO of CoinText, Vin Armini, said:

“CoinText makes sending cryptocurrency as easy as sending a text message. It’s a powerful tool for communities to spread adoption of their cryptocurrency.”

The coin has also been added on an institutional-grade investment platform. The exchange is known as SFOX and is said to cater to big investors such as institutions and high-volume professional traders. Litecoin is the fourth cryptocurrency that is listed on the platform.



Charlie Lee, the creator of Litecoin, also spoke on the listing. He said:

“This partnership provides increased liquidity and institutional exposure for Litecoin. SFOX is backed by several well-known investors, which speaks to the company’s business model and team.”

This movement of Litecoin into the mainstream will directly drive the adoption of the coin. Moreover, the ongoing presence of the #PayWithLitecoin social media campaign is providing awareness of the coin and its use for everyday payments.





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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