Lee opens up about the future of digital currencies stating that the price will reflect the success of the cryptocurrency in addition to other factors like market adoption, scalability, etc.
Litecoin founder Charlie Lee provided some details about recent acquisition of Litecoin Foundation, and stated that he expects to receive a board position at the German WEG bank, which will positively influence further adoption of cryptocurrencies in the bank’s operations.
The blockchain company is reportedly going to acquire the remaining shares in WEG Bank after getting approval from regulatory bodies in Germany.
Charlie Lee, widely known as the founder of one of the alternative cryptocurrencies, got rid of his holdings being accused of attempts of personal enrichment.
Litecoin hits a new all-time high of $255 surging by over 50% in past 34 hours, having gained in total 5500% in the last one year.
Charlie Lee claims that OKCoin and Huobi are meeting regulators today. Whether this would make the two exchanges follow BTCC’s decision to halt trading remains unknown.