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   1778

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

    eToro to Launch Own Crypto Wallet

    At the moment, Bitcoin, Ethereum and Litecoin are supported and the wallet is available only for Platinum Club members (holders of $25k+ at eToro)
    07 November 2018   442

    The eToro social investment platform introduced a cryptocurrency wallet with support for Bitcoin, Ethereum and Litecoin.

    Representatives of the company say that eToro Wallet is available to all EU residents, as well as Switzerland and Gibraltar. However, in order to take advantage of the new wallet, platform users must be members of Platinum Club, that is, they must hold assets worth $ 25,000 on the platform. But the company promised to soon provide access to the eToro Wallet for a wider range of users, as well as add other coins.

    We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain. We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.

    Yoni Assia

    CEO, eToro

    The app is already available for the Android and iOS operating systems. To use a mobile wallet, users must be verified on the platform.