While most crypto-assets struggled to keep their price upwards due to the crypto winter, Litecoin appeared to have been decoupling from its peers, which aided its trajectory. In fact, it has been posting gains over the past month. Despite a promising attempt at a comeback, the developer activity on the network was lagging. Data from...Read More
A week after Litecoin activated the long-anticipated MimbleWimble Extension Blocks (MWEB) upgrade, blockchain analytics firm, Elliptic announced adding support for the privacy feature of the cryptocurrency. Elliptic-Litecoin MWEB As per the official announcement, the move will allow regulated businesses to continue to support Litecoin transactions while remaining compliant with anti-money laundering (AML) regulations and sanctions....Read More
Two leading South Korean cryptocurrency exchanges, UpBit and Bithumb, have issued a warning for Litecoin after the activation of MimbleWimble Extension Blocks (MWEB). Growing Concerns UpBit revealed terminating “transaction support for digital assets with technology that makes transmission records indistinguishable from the past” while pointing to Korea’s Act on the Reporting and Use of Specific...Read More
Litecoin has finally announced the activation of Mimblewimble Extension Blocks (MWEB) more than two years after it was first introduced. On May 2nd, Litecoin achieved the 75% network consensus threshold required for activation after months of dialogue with different miners of the network. Following this, MWEB officially locked in for activation at block height 2257920....Read More
Privacy-focused blockchain Beam has announced that it will be integrating Chainlink’s price feeds to help its developers build DeFi Apps. The initial integration will focus on using Chainlink oracles to maintain collateralization of Beam’s confidential stablecoin protocol, while also supporting the Beam-ERC-20 bridge for moving assets between the Ethereum and BeamX blockchains. According to Beam,...Read More
With a collective market cap of over half a trillion, it is safe to say that almost every major digital asset in the market is impressing its bag holders at the moment. Litecoin is no different and right now, for reasons unexpected, many are somewhat on its bandwagon once again. Source: LTC/USD on Trading View...Read More
While segregated witness ‘SegWit’ adoption dipped after mid-March, the utilization of the protocol upgrade on the Bitcoin network is on the rise. Some industry pundits say time is running out for the declining set of non-adopters to embrace SegWit. Bitcoin SegWit Utilization Now Above 65% According to data from Transactionfee, about 65% of daily Bitcoin...Read More
Development updates from the Litecoin camp have been pretty thin on the ground recently as DeFi has been taking the crypto limelight. The good news is that the project’s scaling and privacy protocol, Mimblewimble, is still on track. Lead developer David Burkett recently posted the project’s June progress update, which confirmed that it is still...Read More
The cryptocurrency industry may soon welcome a new category of Decentralized Finance (DeFi) applications as privacy-focus coin Beam (BEAM) plans to execute its second hard fork, which would give DeFi apps a privacy layer. According to a press release shared with CryptoPotato, the system-wide upgrade dubbed Beam Eager Electron 5.0 is expected to occur today,...Read More
John McAfee recently announced on an up-coming launch of a new privacy coin called GHOST, unveiling the project’s new Twitter account and accompanying website. McAfee states that the whitepaper and more details will be posted in one month on May 15th. Verified Zero-Knowledge Proofs The GHOST website reveals that the proof of stake privacy coin...Read More
