Coinone added Litecoin support

The second largest currency exchange in South Korea has announced support for Litecoin
30 October 2017   3376

The second largest currency exchange in South Korea, Coinone, has announced support for Litecoin.

As reported on the official website, LTC/KRW trading started on Monday, October 30, at 14:00 local time (04:00 GMT). At the same time, the possibility of making deposits and withdrawing funds was activated.

Coinone ranks 7th in the global rating of crypto-exchange exchanges, outperforming such recognized industry players as GDAX, Kraken and Bitstamp.

In addition to Litecoin, BCH, BTC, ETC, ETH, QTUM and XRP are also traded on the exchange.

 

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   602

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.