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Litecoin Founder Charlie Lee: LTC Is Highly Traded and Brings in a Lot of Revenue to Exchanges

  • Yuri Molchan
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    The Litecoin creator answers the community’s questions, saying that trading LTC is always profitable for exchanges unlike with other coins

Litecoin Founder Charlie Lee: LTC Is Highly Traded and Brings in a Lot of Revenue to Exchanges
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Contents

The Litecoin founder Charlie Lee is going to be the guest in the upcoming podcast by Dan Gambardello, the founder of Crypto Capital Venture soon. The latter has been asking the community what topics he should discuss with Lee.

Gambardello’s followers started offering their questions and Charlie Lee began answering them right in the comment thread.

Among other things, he stated that Litecoin is always profitable for trading on exchanges since LTC rakes in high profits for them.

The community asks about Binance listing, LTC mining, Confidential Transactions, etc

Here are some of the other questions that crypto fans asked the Litecoin founder on Twitter, ahead of the announced podcast.

1)  How much did you pay to Binance to list LTC?

2)  When did you stop mining Litecoin personally?

3)  If LTC implements CT does that mean it will deviate from Bitcoins code/implementation? If yes, will Litecoin be completely independent from Bitcoin's code base?

4)  Did you ever talk to Satoshi?

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Crypto Trader Says "Pray for Litecoin" After Digital Silver Formed Major Bearish Pattern

Crypto Trader Says

‘Pray for Litecoin’

As reported by U.Today earlier this morning, things are not looking good for ‘digital silver’. 

A crypto trader CryptoThies has shared a chart which shows that LTC has entered a bearish figure “Head and Shoulders”.

Recently, after a massive BTC sell-off, when its price collapsed, Litecoin was forced to move to position #6 on Coinmarketcap with Tether taking spot number 4 on the top ten line of digital currencies.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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