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Litecoin Foundation in Yet Another Partnership – this time with Atari

Litecoin Foundation and the popular gaming giant come together for a profitable partnership, to further promote the usage of Litecoin. Atari has been a favorite for gamers as it has churned out some of the most interesting games like Asteroids, Breakout, and Centipede. The partnership extends further with Atari token roll-out in September 2020. Investors will be able to source the tokens with LTC payment mode. 

If users are looking at buying in the all-new Atari VCS gaming console, they can do so by using LTC and can avail good discounts on them. It will be used for many such purposes like playing games in Atari Casinos. Users who are also gaming aficionados can lay their hands on those games which are yet to hit the market.

CEO of the gaming Giant, Fred Chesnais is rather happy with the association. He believes that Litecoin fits the bill as the platform boasts of easy usability and will proffer low transaction costs. 

Charlie Lee the Managing director had similar thoughts about the association. Litecoin and its melding with Atari is a great way for people to invest in the Atari tokens. The partnership will be beneficial not just for the crypto markets but also for the gaming industry and Atari fans. 

This is not the first time that Litecoin has struck a strategic profitable deal. Last year the foundation had roped in Ben Askren as its brand ambassador. It also featured in UFC 232. It spread its wings further by becoming a major part of the Mammoth Film festival. 

Litecoin has been proactive when it comes to consolidating partners. It has understood that such deals will help it survive the tough competition. These deals will further encourage the use of LTC and will go a long way in establishing its hold in different sectors. 

Image Source – Linkedin – Litecoin

February Week 1 Cryptocurrency Analysis: BTC, ETH and LTC

Summary

Over the last one week, the various cryptos have gone through both an upward and a downward trend. In the first half of the week, the Bulls had a superior momentum which saw previous support levels upped and resistances tested and breached. Bitcoin is yet to hit the $3500 current psychological price level with the other Altcoins struggling to achieve market correction after a protracted Bearish period.

This week’s focus coins performed as follows:

BTC/USD

Bitcoin began the week on a Bullish momentum which pushed investor sentiments up in the market. As the week came to a close however, Bitcoin dipped by 1.17%. This is after it started the week trading at $3411 against the current rate of $3370 as at February 6th.

Investor sentiments were at a high of 61 in the RSI (A) before dipping to the ‘undersold’ area (at 29) on February 6. Investors fear that a further dip in Bitcoin’s price will lead to losses on their investments and are looking to sell.

Forecast

Currently, the 21 day EMA (B) is above the 7 day EMA (C) which shows that the downward trend will continue in the coming days.

ETH/USD

Throughout the first week of February, Ethereum has gone through a Bull and a Bearish run. On the upper side, ETH hit $110 and $100 on the lower side. This indicates a strong price consolidation despite February 6’s sharp dip in momentum.

Investor sentiments are back on an upward trend as seen in the RSI (A) after going into the ‘undersold’ area. Yesterday’s dip tested and breached the previous support zone but a Bullish momentum is back on.

Forecast

The 7 day moving average (C) is upward-facing and seems set to cross over the 21 day EMA (B) which shows that Ethereum is likely to set off on a Bullish Run in the coming days.

LTC/USD

As with Bitcoin and Ethereum, Litecoin has had mixed fortunes in the market across February Week 1. The chart however shows a Bullish outlook for LTC with all indicators signaling a Bull Run. LTC has gone through a negligible 1% dip in price across the week, having started off the week at $32 against the current rate of $31.2.

February’s Bull Run has seen LTC cross over into the ‘oversold/overbought’ area twice (above 70) as seen in the RSI (A). This shows positive investor sentiments in Litecoin.

Forecast

The 21 day EMA (B) has been dominantly below the 7 day EMA (C) across the week. The tables only turned on February 6 but the 7 day EMA is upward facing which shows that an upward trend is coming. Crypto is coming!

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Interested in more crypto content? Check out February Week 1 Cryptocurrency Analysis: Bitcoin, Ethereum and Litecoin and Why Hedging With Bitcoin Makes Sense Even For Non-Believers

The Raven’s Dispatch – July 13, 2018 – $25 million stolen from Decentralized Exchange, Bancor

$25 million stolen from Decentralized Exchange Bancor

Hack Hacking Haxxors

Another day, another hack. It seems like no exchange is safe out there, not even the decentralized type. If you recall DEX Exchanges were supposed to offer greater security due to their decentralized set up. Guess the jury is still out on this one. Whatever your stance so many hackings have taken place it makes you wonder if these exchanges are doing too little to tighten security. Bancor was hacked, again, for $13 million after one of the their upgrade wallets was compromised. The vast majority stolen was Ethereum.

After raising $150 million in their ICO, you would think Bancor would have invested some of that in their security procedures. Read more about it below. Let’s get this dispatch rocking! (I’m trying new lead-ins, ok. Cut me some slack)

The top 5 looks like it’s locked in for the near future. The overall cryptocurrency market dropped week to week from $267bln to $249bln representing a 6% decrease in the past seven days. No drastic moves or bart patters this week even with the Bancor hacking news AND the mining hack. It’s been a rather poor week in the news cycle for our beloved crypto.

Livecoinwatch.com Raven's Dispatch

Bitcoin (BTC): BTC struggled this week and nestled into the $6,200 support, for the time being. 2018 sucks y’all. This represents a drop of 4%, not bad considering the swings many crypto enthusiasts  are accustomed to.

Ethereum (ETH): It’s getting boring watching ETH do what BTC does. Week to week ETH sank 6% $439 as of this post. Ethereum continues to be the poster boy for a gre place to develop DAPPs but other chains and projects are catching up. With Caspers successful release to update Herrumbres economic consensus protocol, things seem pretty hum-drum here.

DASH (DASH): Dashcoin cryptocurrency was created on 18 January 2014 by its developer Evan Duffield and was originally released as XCoin (XCO).  In February of the same year (2014), the name was changed to “Darkcoin.” Moreover, on 25 March 2015, Darkcoin was rebranded as simply “Dash”. Quite the saga, huh?

As it stands, Dash users can now opt for full privacy in their transactions and remain completely anonymous, thanks to Evan Duffield. Dash has three main features: speed of transactions, masternodes and private send. As you can see in 2017 DASH reached all time hish peaking at $1,600 per DASH but like the entire crypto market has retraced to $226 as of this post. Can you imagine how much the Masternode owners must have raked in during that run? Well played to those that got in early and believed in the project.

If you want to know more about DASH check out our guide!

Dashcoin Lifetime

WHAT’S NEW AT CRYPTO IS COMING

Win a FREE copy of ‘An Altcoin Traders Handbook’ – We are giving away 3 copies of Nik’s popular book  ‘An Altcoin Traders Handbook‘. How do you enter to win? Sign up for our newsletter and we will select three winner on Monday, July 16th, 2018. Do it!

Etherpoly.io is launching a new decentralized Ethereum game – Etherpoly.io (OLY) is a new decentralized game in which users can interact by acquiring, improving and trading virtual cities.  It is a new decentralized game in which users can interact by acquiring, improving and trading virtual cities. Read on for more details!

Sleeping Giants of Crypto – While the January crash wiped a huge chunk of market cap off the map with aftershocks rippling through the marketplace ever since, there are a number of projects that have weathered the storm well and continue to show promise for the future. Is your favorite project on the list?

What Are Exchange Tokens? – A recent trend in the crypto space has seen exchanges listing their own custom cryptocurrency tokens, generally offering a trade fee discount when the tokens are used. Binance is often credited with kickstarting the trend into mainstream use with the highly successful BNB token, and other exchanges have followed suit. So how do all these tokens measure up, and what do they do exactly?

New Github Repository Catalogs Physical Bitcoin Attacks – Cryptocurrency hacks have always been a thorn in the side of crypto enthusiasts. It seems like we can’t go a few months without a major theft taking place.  Jameson Lopp, created an open source repository to catalog and list all known physical bitcoin attacks/thefts. Check it out, it’s fascinating stuff. And a lesson. Because if anything we here at Crypto is Coming want to share teachable mome….lol I can’t finish that.

Vitalik Buterin Says Centralized Exchanges Can Burn In Hell – Sassy. We love it. Outspoken Ethereum co-founder, Vitalik Buterin, has hit out at centralized exchanges, saying that he hopes they “burn in hell as much as possible” while speaking to John Evans of TechCrunch. He has mirrored the opinions of divisive self-proclaimed voice of cryptocurrency, John McAfee.

Check our Crypto Swag store on Teespring – We’ve got new designs, Go, consume, support Crypto is Coming. Kisses

Visualizing the ICO Explosion – The ICO market exploded in 2017. We saw Billions of dollars pour into crypto through this new crowdsourcing vehicle. Take a look at the infographics below from the crew at howmuch.net.

Litecoin Foundation and TokenPay buy stake in WEG Bank AG – Litecoin founder, Charlie Lee, announced via twitter this morning that the Litecoin Foundation and Token Pay have entered into a partnership to buy a stake in German bank, WEG Bank AG. IN acquiring this stake, they hope to work on consumer driven cryptocurrency solutions for Litecoin and other cryptos.

Opera Launching A Browser With Built-In Crypto Wallet Functionality – Opera has announced that it is launching a new Android based browser that will incorporate a cryptocurrency wallet directly in the software. The browser will support the Ethereum Web3 API, and this function means that users will no longer have to open a separate browser to send and receive payments or check their crypto balance.

What Happens When The Bitcoin Reaches 21 Million And Mining Reward Runs Out? – Bitcoin transactions can only be verified by mining, a process in which powerful computers solve complex algorithms in order to add new blocks of verified transactions to the blockchain. What happens when there is no more reward? Check out our latest piece from Conor.

From Nick Szabo to Naval: The best crypto twitter threads of the week – We all know Cryptocurrencies are at the forefront of innovation in finance and tech. But the people involved in crypto are also leading the way, fighting in the intellectual battle ground that is crypto twitter to see which ideas gain strength and which die off.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

Another hack rocks cryptocurrency trading: Bancor loses $13.5 million – The alleged hack has raised questions over the validity of the start-up’s “decentralized” system. This week, the start-up said that a wallet being used to “upgrade” smart contracts was compromised. This wallet was then used to withdraw $12.5 million in Ethereum (ETH), alongside $1 million in Pundi X (NPXS) and $10 million in Bancor Network Tokens (BNT).

Binance to Record $1 Billion Profit in 2018, Surpassing Major Banks – The cryptocurrency market has dropped by over 70% since the start of the year, but the world’s largest crypto exchange is still expected to rake in a hefty profit.

Ledger launches Ledger Live, the all-in-one companion app to your Ledger device – Ledger Live is a new all-in-one companion application for your Ledger device that runs on Windows, Mac and Linux. We’ve built Ledger Live from the ground-up to deliver a feature-packed, yet user-friendly experience for both power users and newbies.

Bank of Korea Says Cryptocurrency Poses Little Risk to Domestic Market – The Bank of Korea (BOK) recently announced that cryptocurrencies pose little risk to South Korea’s domestic market, Cointelegraph reported. The analysis comes in the wake of the institution’s publication of a report covering the influence of virtual currencies in the country’s financial industry.

Malta is Creating a Decentralized Bank with the Help of Binance – Binance is seeking to use Malta as the base for a new bank that will be owned entirely by cryptocurrency investors–the world’s “first decentralized, completely community-owned bank,” according to a Bloomberg report.

Robinhood Adds Bitcoin Cash & Litecoin Trading, Will Support Crypto Transfers – All aboard! Rapidly-expanding fintech unicorn Robinhood has added bitcoin cash and litecoin to the growing stable of cryptocurrencies that users can trade on the popular stock trading app.

100 Merchants Invited to Risk-Free Trial of Lightning Network – Did we ever mention we love of chain solutions? A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network.

Crypto is not a Bubble, Says Bernstein Analyst – Bitcoin is not a classic bubble, but still be ‘suspicious,’ says investing expert William Bernstein. Thanks the for advice, Will.

Thank you for joining us for this weeks The Raven’s Dispatch! Don’t forget to sign up for our newsletter so you can receive notifications via email that a new Dispatch was released! Also if you have any interesting news you would like to submit contact us at info@cryptoiscoming.com

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Kermit

Litecoin Foundation and TokenPay buy stake in WEG Bank AG

Litecoin founder, Charlie Lee, announced via twitter this morning that the Litecoin Foundation and Token Pay have entered into a partnership to buy a stake in German bank, WEG Bank AG. IN acquiring this stake, they hope to work on consumer driven cryptocurrency solutions for Litecoin and other cryptos. TokenPay had previously secured a deal to acquire 9.9% of the bank in question along with options to purchase 90% of the overall bank at a future date pending regulatory approval. Today, TokenPay used its initial 9.9% position to partner with Litecoin Foundation in exchange for marketing and technology service solutions to help benefit TokenPay’s cryptocurrency operations.

This partnership is one of the first of its kind and could bring about real world adoption and expanded use cases of cryptocurrency, and specifically Litecoin. Analysts identified key areas where the partnership could prove succesfull including the TPAY cryptocurrency, eFin decentralized exchange (DEX), the EFIN coin, Token Suisse asset management and structured financial products, WEG Bank FinTech products (consumer debit cards) as well as e-commerce payments for merchants.

TokenPay has also acquired an additional 9.9% WEG Bank pending regulatory approval. Upon this approval, they plan to exercise the option to purchase the remaining shares of WEG Bank that are available to them. With this partnership, TokenPay hopes to add hundreds of thousands of users to its consumer product services over the coming year. They also hope to leverage the vast technical knowledge on blockchain solutions that the Litecoin team has cultivated over the past decade.

Some comments from the Litecoin team:

Charlie Lee (Managing Director of LTC Foundation)

“This partnership is a huge win-win for both Litecoin and TokenPay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’m also excited about Litecoin’s support in TokenPay’s eFin decentralized exchange.”

Matthias von Hauff (Founder & CEO of WEG Bank AG)

“The partnership with innovative institutions such as TokenPay and Litecoin might at first come unexpectedly for a very conservative institution like us. But we have thoroughly and diligently examined the prospects of a common future, and we became convinced that the future of banking will make adoption of such modern payment methods inevitable. We are therefore proud to have teamed up with the best in the field.”

Interesting stuff happening in the crypto world.

remember: Crypto is coming.

Interested in other cool crypto posts….check out Mining Wars: Bitmain vs Dragonmint and The Price of Bitcoin vs Cost of Mining.

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A Look at Cryptocurrencies by % of Total Volume, Market Cap and Volatility

Here we take a look at Cryptocurrencies and see how they compare by percentage of total volume and market. As expected Bitcoin leads the way at 42.4% of the total cryptocurrency market followed by Ethereum at 17.8%. So much for the flippening amirite. After that we see the usual suspects, LTC, BCH, EOS, XRP,  in the single digits. Interesting to see Bitcoin dominance still above 40% when many predicted this would be the year other coins closed the gap, especially during the bear trend we’ve been in for most of 2018. Which coins can move up the ranks in the next 12 months? EOS launch has been a disaster so far. Can Litecoin keep its place as silver to Bitcoin’s gold?

Cryptocurrency Circulating Value

 

In terms of cryptocurrency volume traded on exchanges, Bitcoin dominates slightly less at 31%. This could be the result of lesser volume from mostly BTC focused exchanges like Bitfinex and Bitmex and altcoin exchanges like Binance launching more altcoin to fiat pairs. This could be a trend to keep an eye on for the rest of the year as regulation starts to pave the way for regulated exchanges and more fiat on-boarding services become available.

Cryptocurrency Daily Volume

Finally we take a look at the cryptocurrency volatility chart. This chart shows that volatility measured as a % of price over the course of the last 180 days courtesy of the crew at sifrdata.com. This bear trend is taking its toll but the volatility is also what makes crypto markets so different from traditional assets.

Cryptocurrency Volatility Chart

I wonder how many years til the crypto markets stabilise some…at least for large market cap coins.

Interested in other cool crypto posts….check out A look at Historical Crypto Corrections and The Top Secret Hedge Fund That Everyone Knows About.

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