Cryptocurency Analysis: Popular Litecoin Cryptocurrency is Setting Up To See Big Gains This Week | HUGE Litecoin announcement – ‘gamechanger’ LitePay to launch in days – LITECOIN, one of the world’s leading crypto-currencies, is poised for massive gains this week on the back of a ‘game-changing’ announcement. The peer-to-peer crypto has been in the doldrums for weeks and was today trading at around $145 – down from a high of more than $325 in December. | Is Facebook About To Adopt Litecoin (LTC)? Here’s What’s Behind The Rumors. Back in December, Charlie Lee announced on Reddit that he had offloaded his Litecoin (LTC) holdings, citing a potential conflict of interest between his continued behind-the-scenes and public activity in the space and the future of LTC from a price perspective. | The best bitcoin alternatives – In increasingly crowded cryptocurrency market, which are the best altcoins? When compared with the likes of bitcoin, Litecoin is preferable for regular transactions, featuring a block time a quarter-that of bitcoin and transaction fees at a fraction of a dollar. More and more developers and merchants are beginning to accept Litecoin too. | Meet Litecoin, a Faster Bitcoin That Gamers Love – One of the earliest competing visions was presented by engineer Charlie Lee, the thought-leader behind Litecoin. With scalability and transactability in mind, Lee built a system that focused on delivering a viable cross-border payment platform that would surmount the substantial barriers currently in place. | Why LiteCoin Is Vastly Underrated – In a recent profile, suggests there is at least one other cryptocurrency name that is worth noting: litecoin may be one of the more underrated altcoins at this time. | NetCents Technology Adds Litecoin to the NC Exchange – NetCents Technology has added Litecoin functionality to its platform allowing users of the NC Exchange to transact with Litecoin. Users are now able to deposit, withdraw and trade Litecoin (LTC) for supported fiat and cryptocurrencies with other NC Exchange users. Additionally, users can use Litecoin to make payments to merchants who use the NetCents Technology payment gateway. | What To Expect From Litecoin In 2018 – Litecoin’s popularity is rapidly growing, with many people favouring it as an alternative to Bitcoin. So, it is important to know what to expect from this virtual currency in the coming year ahead. | Charlie Lee: Bullish on Bitcoin And Litecoin Long Term, Short Term Impossible To Predict – Charlie Lee, the founder of Litecoin (LTC) and former Director of Engineering at Coinbase, has taken some bold steps recently in the crypto world. In December, Lee announced in a Reddit post that he had sold and donated all of his LTC, citing a conflict of interest. In January, Lee tweeted a proposal for a Litecoin soft fork that would allow for a new type of fee market to develop for the altcoin.

Coincheck Hackers Attempt to Transfer Stolen Cryptocurrency Following Big Swoop in Japan

Hackers who embezzled cryptocurrency worth about $530 million from the Coincheck exchange the previous week are attempting to shift the stolen ‘XEM’ coins. The report was made on Tuesday by the foundation that manages the digital currency. It ranks among the significant thefts of this kind ever. The founders of the XEM cryptocurrency, NEM Foundation have tracked the stolen coins to a secret account. The owner of the account has started trying to shift the coins to six exchanges where they can be traded, said Jeff McDonald.

Hackers took off with cryptocurrency valued at about 58 billion Japanese yen ($533 million) at the end of last week, from Coincheck Inc., which is in Tokyo. It led to new queries regarding safety and regulatory security in the thriving market. The hackers’ account location was not recognized. ‘The hackers are attempting to use them on various exchanges. We are getting in touch with those exchanges,’ Mr. McDonald informed Reuters from Singapore. Alexandra Tinsman, the spokeswoman of NEM Foundation, remarked that the hacker had begun distributing ‘XEM’ coins at random to accounts in batches of 100 XEM each valued at around $83.

‘When individuals want to steal these kinds of money, at times they divide it into minor transactions as the possibility of it setting off exchange mechanisms for anti-money laundering are less,’ stated Tom Robinson, Elliptic co-founder. It is a security company in London. Mr. Robinson commented that leaping like this among various cryptocurrencies was becoming more common among cybercrooks attempting to conceal their movements. The coins stolen by the hackers constituted about 5% of the overall XEM production. It is the 10th largest cryptocurrency in the world, according to Coinmarketcap, a trade website. Mr. McDonald revealed that it was improbable that the hackers would attempt to use nearly all the stolen cryptocurrency at one go because ‘it was just impossible for the market to absorb that quantity.’ If the hackers managed to shift the coins to an exchange, it was possible that they would attempt to exchange them into another cryptocurrency before moving the coins back to a regular currency, he said. It would make tracking the money more complicated or almost impossible. ‘I think they will run away with some of the cash,’ said Mr. McDonald. From 2011, at least three dozen cryptocurrency thefts have been discovered; most of the exchanges that were hacked closed afterwards. 980,000 bitcoins and more have been stolen and most were never found.

In 2014, Mt. Gox, which is located in Tokyo, which at one time managed 80% of the Bitcoin trades in the world, filed for bankruptcy following the loss of bitcoins valued at around half a billion dollars. During that period it was the most significant theft of its kind that led to a significant Bitcoin sell-off. ‘It indicates how much the sector has progressed, that a hack of this magnitude is not a big problem,’ stated Robinson at Elliptic. ‘It is merely a kind of glitch. From 1744 GMT, each coin was being sold at $0.83 by XEM with an overall market worth of about $7.5 billion. That was about 20% less compared to trading rates on Friday, after the revelation of the hack. But, XEM remains on top by nearly 300% in the previous couple of months. On Monday, FSA (Financial Services Agency) in Japan ordered that the operations at Coincheck should be enhanced. On Friday, Coincheck deferred all cryptocurrencies trading apart from Bitcoin.