CNBC Fast Money Trader giving rise to Litecoin

Brian Kelly, a Bitcoin "televangelist" from CNBC business channel, started buying and promoting Litecoin on TV which gave rise to the price of cryptocurrency
19 December 2017   608

Brian Kelly is known as CNBC Fast Money Trader, the founder and CEO of BKCM LLC, an investment firm focused on digital currencies,and the author of "The Bitcoin Big Bang – How Alternative Currencies Are About to Change the World".

In the recent episode of CNBC's Fast Money program, Brian Kelly claimed that he had bought Litecoin and had made this decision based on a lot of advantages that Litecoin provides.

    The main advantages of Litecoin according to Brian Kelly:

    • It has a technical lead over Bitcoin
    • You get very fast confirmation times, its faster than Bitcoin and you can move it around the world very quickly
    • It is now accepted at Steam, the online-gaming community that used to accept only Bitcoin 

    At the moment of press, these are main market parameters of Litecoin:

    • Average price: $361,77
    • Marketcap: $19 671 093 273
    • 24h volume: $2 374 450 000

    European Crypto Exchanges Launch P2P Platforms

    Two crypto exchanges from announced plans to offer peer-to-peer cryptocurrency trading  
    16 February 2018   120

    The first exchange is Latvia-based Hodlhodl which launched in beta-mode its new P2P platform. The second one is Bulgarian which is developing its own service that may replace the fiat medium with a token.

    The Hodlhodl launched a beta version of its new platform designed to accommodate safe and secure peer-to-peer transactions of bitcoin and other cryptocurrencies. At the moment, users can open accounts and adjust them, and study available functionalities. Contracts are currently disabled but developers hope to complete the order book and launch them within a week.

    At first, only BTC and LTC will be traded. The exchange will operate in beta-mode until July 2018 with 0% commission. After that, there will be applied a fee of max 0.6% per trade.
    The P2P Bitcoin exchange will introduce contracts that will allow users to control their funds in escrow.

    Hodlhodl offers support of native Bech32 Segwit addresses and P2SH-P2WSH Segwit multisig escrow addresses. The exchange services will be decentralized and no KYC or AML procedures will be applied.

    The websites are available in English, in future other languages will be added. Also, it will introduce support for Lightning Network micropayments and other cryptocurrencies.

    Bulgarian has also announced that it is working on a P2P platform, after facing multiple issues with the traditional financial system.

    This month the exchange announced that it is planning to trade Bitcoin on a new peer-to-peer platform that is currently under development.

    The new system will offer the opportunity to trade through Cryptolevs backed by a certain amount of bitcoin “locked” in a public address. Bank transfers will be made on a peer-to-peer basis and banks will not be able to tell if such transactions are bitcoin-related.