Litecoin price jump

Price of Litecoin rises on the background of big volume of South Korean exchanges trade
09 November 2017   635

Litecoin gained almost 20% of its price in last 7 days. It still remains on the 5th place by the marketcap.

Litecoin price chart
Litecoin price chart

Litecoin is being traded actively at:

  1. Bithumb
  2. GDAX
  3. Bitfinex

Litecoin markets
Litecoin markets

The growth of demand for this cryptocurrency is facilitated by its recent addition to the listing of the South Korean exchange Coinone. In general, Litecoin is the fourth most popular digital currency among crypto traders, yielding only bitcoin, Ethereum and Bitcoin Cash in terms of trading volumes. The rapidly growing volume of lightcoin trading against the backdrop of growth in its price hints at the continued growth of the crypto currency. 

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

  • Average price: $63.82
  • Marketcap: $3,429,569,124 
  • 24h volume: $317,555,000


European Crypto Exchanges Launch P2P Platforms

Two crypto exchanges from announced plans to offer peer-to-peer cryptocurrency trading  
16 February 2018   77

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.