Charlie Lee admits Litecoin is "boring"

The creator of Litecoin Charlie Lee says it is "boring" but the users should be patient 
07 August 2017   1212
Litecoin

Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency

After two years of falling, the things are finally getting better for Litecoin. Thus, the Litecoin price has risen since January of this year.

However, Litecoin creator Charlie Lee admits that his currency is "boring" and that will take time to make things come to fruition:

Charlie Lee claims Litecoin is boring on his twitter Charlie Lee claims Litecoin is boring on his twitter

Charlie Lee is known as one of the most honest developers in the cryptocurrency world. Indeed, he never shies away from any discussion on the hottest topics with the public and always tries to be open and honest about the problems:

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Thus, according to the Litecoin creator, although Litecoin may not dethrone Bitcoin by any means, it can still be one of the cryptocurrencies, especially considering that Litecoin is the fifth-largest currency by market cap:

Litecoin on the coinmarketcap.com list Litecoin on the coinmarketcap.com list

What the future has in stock for Litecoin remains to be seen, but Charlie Lee knows for sure that such things take time and a lot of efforts to tune up.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   82

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.