Litecoin (CCC:LTC-USD) is one of the oldest cryptocurrencies, launched in 2011, with a focus on peer-to-peer transactions, by computer scientist Charlie Lee. Two years later he went to work at Coinbase (NYSE:COIN) and in late 2017 he sold all his Litecoin. Source: Wit Olszewski / Shutterstock.com This was very controversial at the time, and it cast a pall on the cryptocurrency. But then he left Coinbase and came back to head to Litecoin Foundation. Since then Litecoin has… Source link

Customers inside the Mile Castle pub in Newcastle as indoor hospitality and entertainment venues reopen today Photograph: Owen Humphreys/PA Shares in UK hospitality and travel-focused companies have dipped today, as people are urged to be cautious as pandemic restrictions are lifted. Restaurant Group, which owns Wagamama and Frankie & Benny’s, has fallen by 5% so far today, while food operator SSP Group (who run Upper Crust and Ritazza outlets at airports and… Source link

Bitcoin slipped to 3.5-month lows early Monday, confirming the biggest price pullback of the current bull run.  The top cryptocurrency printed a low of $42,212 during the Asian hours, the level last seen on Feb. 8, marking a 35% drop from the record high of $64,880 reached on April 14, according to CoinDesk 20 data.  The bitcoin (BTC) price has seen four corrections from new price highs so far this year, out of which the latest 35% retreat is the biggest. Chart analysts had warned of a… Source link

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the … [+] Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Hannibal Hanschke-Pool/Getty Images) Getty Images Like plucking the petals off a tulip, Elon Musk seems to be on a one-man mission to bring down Bitcoin. We’ll guess at why he’s doing it in a minute. Let’s first focus on what he’s doing and what it means for Bitcoin. The current drama… Source link

Dogecoin support coming to Coinbase in ‘weeks’ Major cryptocurrency trading platform Coinbase said that it will be adding support for dogecoin in the coming weeks. The announcement came in response to the first question asked during the investor call that followed its debut results after it listed on the stock market earlier this year. Chief executive Brian Armstrong said the company is keen on adding more assets, and that dogecoin would be one of those in the next “six to eight… Source link

Cryptocurrencies such as bitcoin, ether and dogecoin have surged to highs that few investors would have predicted a year ago. The furious run has even the most optimistic traders asking: Can it last? The forces underpinning the crypto mania mirror those that saw GameStop Corp. shares tear higher earlier this year. Excess money from stimulus checks aimed at helping the most vulnerable make rent has also found its way to brokerage accounts that offer free trading. Meanwhile, people globally… Source link

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Bitcoin Bitcoin, BTC to USD, slid by 20.06% in the week ending 16th May. Reversing a 2.96% gain from the previous week, Bitcoin ended the week at $46,597.0. A mixed start to the week saw Bitcoin rise to a Monday high intraweek high $59,589.8 before hitting reverse. Falling short of the first major resistance level at $60,831, Bitcoin slid to a Sunday intraweek low $44,021.0. The extended sell-off saw Bitcoin fall through the first major support level at $54,341 and the second major support level… Source link

Ethereum Ethereum fell by 1.71% on Sunday. Following a 10.56% slide from Saturday, Ethereum ended the week down by 8.73% to $3,585.62. A mixed start to the day saw Ethereum rise to a late morning intraday high $3,878.23. Falling short of the first major resistance level at $3,981, Ethereum slid to a late intraday low $3,343.57. The sell-off saw Ethereum fall through the first major support level at $3,475 before a partial recovery to $3,580 levels. At the time of writing, Ethereum was down by… Source link

On Sunday, the Tesla (TSLA) CEO did it again: Bitcoin extended losses after Musk seemed to suggest in a Twitter exchange that his automaker may consider selling or has sold its holdings in the cryptocurrency. “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” a user named CryptoWhale tweeted Sunday. As of 11:30 p.m. ET on Sunday, bitcoin was down about 7.7% to $43,000, according to cryptocurrency tracker Coinbase. It had… Source link