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    Home Unlabelled Litecoin CRYPTO.com Welcomes Litecoin to the MCO Cryptocurrency Platform

    Litecoin CRYPTO.com Welcomes Litecoin to the MCO Cryptocurrency Platform

    August 01, 2018

    Litecoin CRYPTO.com Welcomes Litecoin to the MCO Cryptocurrency Platform

    CRYPTO.com Welcomes Litecoin to the MCO Cryptocurrency Platform

    Posted: 01 Aug 2018 01:22 AM PDT

    Poloniex dirty games

    Posted: 31 Jul 2018 11:15 PM PDT

    Poloniex dirty games

    https://i.redd.it/pyyzx1ibbfd11.png

    Please upvote for support. Let everyone know what Poloniex is! Thanks in advance! https://www.reddit.com/user/Lambent333/comments/90ytyo/poloniex_ignores_the_user_rights/

    If you want our issues to be heard feel free and share the link. I hope Matt Denn will bring Poloniex to Justice!

    Good tidings, dear users. Many of you heard about one of the most active crypto exchanges in the world... Poloniex I mean. It is where my story begins...

    1) Poloniex doesn't keep its promises!

    First of all, I'd like to provide you some information about me. I am a Poloniex user, a legacy one with two factor authentication enabled. On 27 May, two weeks before deadline my account had been frozen. It had been frozen in spite of a promise "Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline". I wish to point out that it was an official statement;

    2) Poloniex can keep your coins safe from you!

    When I knew my account had been frozen I had no choice. I had to be verified or leave them my coins. So I preferred to be verified. I've submitted them my government issued documents (they are in Cyrillic but there were no information that only international documents are acceptable) and the only adequate response was: " The funds will be held safely in your account until the verification process is complete". The thing is I told them that I cannot get international documents in near future and that I submitted my government issued ones. Now Poloniex is taking of my coins as hostages and urging me to be verified but don't allow me to be verified with my own government issued passport! But Poloniex promises to keep our money safe! Poloniex keeps promises, isn't it?

    3) Poloniex doesn't adhere to its User Agreement in case of it relates to user rights!

    I've spent a lot of time to be verified and nobody ever wanted to help me. Only excuses and promises to keep my money safe. Afterwards I claimed to transfer my coins to my friend's deposit adress. And there was reason to believe they would. There we are: In accordance with article 17 of User Agreement "You will be permitted to transfer Tokens associated with your Account for ninety (90) days after Account deactivation or cancellation unless such transfer is otherwise prohibited (i) under the law, or (ii) by a valid subpoena or court order." I've created some more tickets and again no one is ever going to help. They tried to ignore my tickets first, then they started to close them as fast as they could and never ever answered me what is the reason they ignore the User Agreement when it relates to user rights!

    P.S. There were a lot of agents I have been talking to: Cole, Daniel, Dean, Edward, Fergus, Homer, Laura, Michelle, Rivero, Sandy etc. There might be someone who'd like to help but anyway I didn't get help so far. Be careful with Poloniex, you wouldn't like it kept your coins safe.

    ________________________________________________________________________________________

    Delaware Department of Justice https://attorneygeneral.delaware.gov/fraud/ipu/

    Wilmington Office: Email: [attorney.general@state.de.us](mailto:attorney.general@state.de.us)

    Fraud & Consumer Protection: (302) 577-8600 Fax: (302) 577-6499

    Download the Investor Protection Unit Complaint Form

    submitted by /u/Lambent333
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    Coinbase web traffic drops, Ethereum creator Vitalik Buterin says it's ‘tail end of a crypto bubble’

    Posted: 01 Aug 2018 11:58 AM PDT

    A beginner's Guide To Litecoin - The Silver To Bitcoin's Gold

    Posted: 01 Aug 2018 04:32 AM PDT

    A beginner's Guide To Litecoin - The Silver To Bitcoin's Gold

    Blockchain, in simple terms means a database technology, or a distributed ledger that maintains an ever growing list of data records which are decentralised and impossible to tamper with. The data records, which may be a bitcoin transaction, smart contracts or in terms of other cryptocurrencies are combined in the form of blocks.

    Hence, when a new transaction is entered, a block is added to the existing chain of records. Such an addition needs to be validated by 51% of all the nodes in the network making peer-to-peer transactions possible without the requirement of a centralised certifying authority.

    There is a lot more to Blockchain than it being just a combination of decentralized transactions, and the scope is constantly increasing with the development of multiple cryptocurrencies. These range from different blockchains (Bitcoin blockchains, hyperledgers etc.) to marketplaces and cryptocurrencies: Bitcoin, Ethereum, Litecoin and multiple others.

    What is Litecoin?

    https://i.redd.it/ajn9ei3yvgd11.jpg

    Litecoin is a peer-to-peer cryptocurrency and an open source, global payment network made using scrypt proof of work, and was launched on 13 October, 2011. The cryptocurrency has a market capital of more than $2 Billion as of 2017, which is 5x greater than the next largest currency, Peercoin.

    The currency enables instant, almost no-cost payments to anyone in the world and has a fully decentralized system without any central authority. The digital currency is created and transferred electronically using encryption. All the transactions under Litecoin are recorded on a public ledger- blockchain, which allows payments to be verified in real-time.

    Like Bitcoin, public ledger records all transactions, any new coins are created through a process known as "mining." The major difference between Bitcoin and Litecoin is that Litecoin is built for speed. It allows quick transactions, making it a great choice for payment.

    As of 2015, Litecoin was the second most popular cryptocurrency and third largest when it comes to market capitalization. One Litecoin was worth around $1.5 USD in 2015 whereas in late 2017 it hovered around $60-$95 USD. These coins function as an online payment system where users can transfer currency to one another without the need of an intermediary like bank.

    Who Created Litecoin?

    Litecoin, which is a sister cryptocurrency to bitcoin; also projected as a better substitute to Bitcoin was created by Charlie Lee. Born in the West African nation of Ivory Coast, Lee completed his masters from MIT. He then worked for notable tech companies like Guidewire Software and Google.

    Lee later went on to create the cryptocurrency while he was still working at Google, as an excuse to learn the Bitcoin code. At that time, creating the next Bitcoin was all the rage and he was no exception, although his first attempt- Fairbix wasn't a success.

    Less than a month after the failed release of Fairbix, Charlie Lee released Litecoin. This time around, Charlie cloned the core Bitcoin source code and made a number of adjustments which he felt were improvements on the problems faced with Bitcoin.

    Why Choose Litecoins?

    According to Charlie Lee, transactions under litecoins enjoy faster confirmation time. Where one bitcoin transaction takes about 10 minutes to process, a transaction under litecoin cryptocurrency takes just two-and-a-half minutes.

    This is because a bitcoin transaction process requires confirmation from other users who have previously located the transfer on the master ledger which takes about 10 minutes. Although the odds of a transaction not being confirmed is pretty low, Litecoin eliminates this requirement entirely.

    Mining In Litecoin

    Unlike regular currencies which are regulated by Federal Reserve and specially printed, litecoins are created by an elaborate process called mining– the process of listing litecoin transactions.

    The supply of litecoin is fixed, which means that ultimately, there will be only 84 million litecoins in circulation. As opposed to bitcoin, Litecoin generates a network called a block after every 2.5 minutes, which is a ledger entry of all recent Litecoin transactions around the world.

    Bitcoin is built around hash cryptography which gets more complex as more transactions are added, and thus require more expensive computing power to mine. Litecoin eliminates this requirement by using an entirely different cryptography program, called Scrypt, where the limiting factor is memory, not processing efficiency.

    The block made of transactions is verified by a mining software and made visible to any "miner" who wants to see it. Once miner verifies it, the next block enters the chain, which is a record of every Litecoin transaction, ever.

    The incentive for mining is that the first person to perform mining successfully and verify the block is rewarded with 50 litecoins. These litecoins awarded, reduce with time, where it would continue at regular intervals until the 84,000,000th litecoin is mined.

    Additionally, one unscrupulous miner cannot change the block, because the scam would be detected immediately by other miners which makes it impossible to spend the same litecoins twice.

    Trading In Litecoin

    Litecoins can be easily integrated into existing applications and can be used to receive services like web development or buy goods. The cryptocurrency is fully compatible with Bitcoin API's. The fast transaction confirmation feature makes litecoins ideal for small-sized purchases.

    The cryptocurrency can be very easily purchased and sold on various exchanges using multiple currencies.

    The Litecoin website has a growing list of services, merchants and providers that accept Litecoin, ranging from financial services to beauty product merchants.

    Purchasing Litecoins

    You can buy Litecoins in the following ways:

    • Purchase directly from an exchange: Litecoins are identified on exchanges under symbols LTC or XLT.
    • Earn litecoins via mining: As already explained, the first person to successfully mine the block receives some litecoins as a reward. It is necessary to know that this process is slow and requires specialised equipment.
    • Payments using Litecoins: Litecoins can be used to make payments for goods and services as it comes with little or no transaction costs.
    submitted by /u/PrimeTradeAI
    [link] [comments]

    BTE-e.com and thus wex.nz user since late 2011. My partners and I revived a Singapore court ordered over $2.8MM judgment. WEX.NZ is dead. Do not send them money.

    Posted: 31 Jul 2018 01:14 PM PDT

    They will end up in jail. This is a new reddit account as I have already had death threats on myself and family. Lee can contact me directly to check out my story as he personally knows me.

    The reason for my posting now is that the courts and the law are now in the end stages here in Singapore yet these people keep stealing. I'm just going to add to the message going around that people should not send them money. Also if you can, take what you can out.

    Our money was stolen back when they took the funds from BTC-e.com and did not get them to us in WEX.NZ. They knew about the "error".

    If any of you have a significant claim and want to involve lawyers and the law I can help direct you.

    I would like to point out to those of you who would like to say that crypto is beyond the law and that I am fail for using law, I'd like to say that WEX.NZ told me they had the legal right to take the crypto thus starting this. They had more than several opportunities to make things correct. They knew what would come and they know who I am in the community. They knew this would be the end result.

    Also $2.8MM is not a significant amount to us and we have put aside an equal amount for the recovery of the funds. So please do not attack us for risking more money that we could lost. We know how the game is played and we are playing it long term. BTC-e.com was the first "legit" site to support LTC and after GOX fell it was the only "legit" site out there. It is all to easy to trust the once longest standing site out there when we are all too busy driving about in our Lambos and hanging out in our alpaca socks. We have been scammed before and I'm sure we will be scammed again. Only thing left is to try to prevent it from happening again.

    We know who we are after and it is only a matter of time. If you are involved and reading this I want you to know we have the time, and we are set to seek you out even after our death, natural or not. This will never end for you. You should turn over what information you have to the law when they contact you (or better yet, contact them or my lawyer first) and seek good terms. Sadly since your boss has forced this out of my hand, I can no longer be helpful, I can no longer walk away from this. Before we just wanted our funds back, but now the State wants punishment for illegal acts. Your bosses are selling you out. Some of you are citizens of Singapore and will have some real issue to deal with very soon. We, and thus the State knows who you are. You know what will happen to you if you resist so please do not. I understand you are just pawns in the game so do not sacrifice years of your life for their greed.

    If anyone needs help going after the criminals or has information to share please let me know. I'm not after the money, just want to do the correct thing for the community.

    I have not posted in the LTC community for ages. Can anyone tell me what ever happened to Greedi? That guy was something else... Also Friedcat, did someone get to him?? I'm worried as I have not heard from him in years and years.

    TL;DR If you do not hold your coins they are not yours and WEX.NZ is not a company that is worth risking doing business with.

    p.s. It is very late here in Singapore so I might not be around for a bit. I just posted as I saw the other scam post and wanted to make sure it is odds are legit.

    submitted by /u/NSN0
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    For a moment the stars aligned... exactly 100x

    Posted: 31 Jul 2018 03:20 PM PDT

    Don't see my Litecoin in Bitstamp

    Posted: 31 Jul 2018 01:04 PM PDT

    Hi, I bought 10 Litecoin on Coinbase in early December of last year. I pretty quickly moved it to Bitstamp and just left it without checking in on it.

    Today I wanted to sign in and see where I'm at, but I don't see my Litecoin value in the site, just says 0.00 LTC under account balance.

    It says I needed to verify my identity to buy or sell so I just did that. I'm hoping it just says 0.00 LTC because I haven't verified my identity yet? Or would my LTC value show up if it was still there either way?

    TLDR: Does it not show because I haven't verified my identity yet? Or would my LTC value show up even without verification?

    submitted by /u/EAF_Gummy_Bear
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    How will Blockchain-enabled Smartphones Impact the Growth of Cryptocurrencies?

    Posted: 31 Jul 2018 11:07 AM PDT

    How will Blockchain-enabled Smartphones Impact the Growth of Cryptocurrencies?

    Colleagues, Sirin Labs, CryptoKitties and HTC have all announced plans to launch smartphones with Blockchain capabilities on-board. Some of these phones will have DAPPS and allow offline storage of cryptocurrencies which is a key step toward improved crypto security. This leads to two critical questions. First, will the smartphone market leaders Apple and Samsung follow suit and pre-integrate Blockchain into future versions of their smartphones? And second, what will be the number and breadth of cryptocurrencies which can be managed by these phones – this includes wallet, trading-exchange and perhaps even pre-integrated mining capabilities? We know that the HTC Exodus phone will be enabled to manage both Bitcoin and Ethereum. An excellent start. The other key player here is Google Android. If the Sirin, CryptoKitties and HTC phones gain market traction the Cryptocurrency Academy predicts that other Android device-based vendors will heavily lobby Google for Blockchain capabilities integrated on-board with Android. Collectively, this move could be a major catalyst for cryptocurrency adoption during the next 12-24 months.

    Send us your comments today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)

    Blockchain-enable Smartphones

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    submitted by /u/internetdigitalentre
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    As Bitcoin gets lightning network and fast, private cheap transactions where does that lead litecoin?

    Posted: 31 Jul 2018 12:30 PM PDT

    Hello friends,

    I am not the most knowledgeable person regarding crypto, but I have been holding LTC and BTC for about a year or so.

    Most of my holdings are LTC.

    My question is, Bitcoin previously had many limitations that Litecoin improved upon, such as being quicker and cheaper to use as a daily currency.

    However, my understanding is that Bitcoin now has the lightning network, which allows Bitcoin transactions to be much faster, cheaper and possibly private than before.

    As such, what advantages does LTC still have and what advantages can it have in the future?

    My fear is people are going to slowly realise LTC has no advantages over BTC, and it will gradually decline to 0 value.

    Thanks,
    Dan

    submitted by /u/danieljamesgillen
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