A big increase of Litecoin mining is being planned by a group of developers who call themselves SegWit or Segregated Witness Signaling. SegWit has launched a new mining protocol; or soft fork that is making hundreds of new blocks of Litecoin available for mining. The latest SegWit … [Read more...]
Litecoin Price is Exploding, Could We be Witnessing the Next Ethereum
Ethereum is not the only cryptocurrency experiencing skyrocketing prices. Prices of the sixth largest cryptocurrency LiteCoin are also going through the roof. Litecoin prices rose by 70% on March 30, 2017, going from $4.18 to $7.04 a piece in just a few hours. The price is far from … [Read more...]
Why are governments and central banks so quick to dismiss digital currencies
The concept behind competing currencies isn't necessarily a new one. The topic has been debated between the greatest minds in the world, but it was never settled. Today, with the growing popularity of bitcoin (BTC) and the libertarians’ dedication to precious metals, the conversation … [Read more...]
Bitcoin is a disruptive technology that happens to be used by criminals
The reputation that Bitcoin (BTC) has garnered over the past year has been a bag of mixed sentiment. In one news report, there will be information regarding to the widespread adoption by merchants and technology enthusiasts calling it the wave of the future. In another news … [Read more...]
Is Bitcoin the technology of the future? “Over the next 5 years I think digital money will catch on”, Bill Gates
After the weekend’s 20 percent plunge and Monday’s flash crash, columnists and pundits discussed the idea that this is the end of bitcoin (BTC) and the cryptocurrency market. Bitcoiners scoffed at the notion because it’s a four-year-old currency and electronic payment system and there … [Read more...]
Taxpayer Advocate Service on Bitcoin, “IRS is aware of the potential tax-compliance risks”
If you’re one of the many who made a large sum of money this past year by investing in bitcoins (BTC) and litecoins then that profit could very well be subjected to tax. Many countries in the past few months have classified bitcoin and other digital currencies as commodities and will … [Read more...]
Cryptocurrencies Creating Jobs in Third World Countries
With the growing popularity and acceptance of cryptocurrency, digital currencies have now become more than just currency or an electronic payment system. Virtual currencies, according to a news release, are now producing jobs in Madagascar. In just two days, individuals donated … [Read more...]
eBay UK Allowing Sale of Virtual Currency: Could eBay become the Next Exchange?
On Feb. 10, eBay UK will be establishing a dedicated Virtual Currency category on its website's classified section. The category will permit users to buy and sell all kinds of virtual currencies, including bitcoin (BTC), litecoin and others. “To promote a trustworthy marketplace … [Read more...]
Ron Paul on Cryptocurrencies: I Support Competing Currencies
What’s in your cryptocurrency wallet? Bitcoin (BTC), Litecoin or even a Coinye? Well, what about owning some RonPaulCoins named after three-time presidential candidate and bestselling author of “End the Fed” Ron Paul? This month, the RonPaulCoin has been making headlines as it has … [Read more...]
