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.
The LTC-based payments startup was scheduled to start wallet and debit card services last month in February, however, it has failed to further respond to the proceedings.
Please, check out weekly technical analysis of Litecoin (LTC) price prepared by Dmitriy Gurkovskiy, a chief analyst at RoboForex.
Litecoin Cash, expected to increase the “block speed” of processing transactions, is considered by Charlie Lee a scam. He warns investors and asks to handle Litecoin Cash carefully.
The collaboration between the two cryptocurrencies will pave a path for cross-chain atomic swaps which is the most awaited development for the year.
Ripple continues to surge ahead and lead the crypto charts even when the overall market is undergoing a significant correction.
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.
Etherum and Litecoin show tremendous strength in the market, joining this week’s crypto mania party.
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.
Litecoin hits all-time price and becomes the fourth most valuable cryptocurrency in the world by market capitalization, surpassing Ethereum Classic, Dash and NEM