Litecoin Cash enters crypto market

Posted 19 February, 2018

The beginning of this week has been marked by an uprise of new Litecoin Cash cryptocurrency. As Litecoin Cash team said that wallets for this coin will be launched within 24 hours.

For reference, Litecoin is the top-5 digital coin with the market capitalization exceeding $12 billion.  

This is a similar hard fork to the Bitcoin Cash one that took place back in August 2017. The litecoin-based currency will be powered with its own network apart from the original currency.

Cryptocurrency network hard forks are a common practice now, but Litecoin fork summons some concerns in the market anyway.

In particular, Charlie Lee, Litecoin founder, warned that the hard fork can seek fraud purposes. Specifically, he said that any fork "calling itself Litecoin something" is a fraud and investors should be careful as this fork can steal their personal data.

However, Litecoin Cash developers commented in the interview in mass media that this coin is not a scam and provides the better network. They say that the transaction processing will take much less time compared to bitcoin and Litecoin.

According to the market analysts, forks will become very frequent after Forkgen, as it allowed users with programming skills create their own network divisions.

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20 February, 2018 10:25

← US officials think about cryptocurrency market regulation

The US authorities are concerned with the cryptocurrency boom in the global market and thus consider new ruling to tighten control over the new assets, according to the news reports. Leading parties in the US Senate and House of Representatives show an ever-increasing thirst for the struggle with the risks that cryptocurrency brings to investors and financial system, commented officials.

US officials think about cryptocurrency market regulation

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19 February, 2018 14:17

US dollar shows slight changes vs majors, trading sluggish →

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US dollar shows slight changes vs majors, trading sluggish
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