Litecoin project by MIT

World famous institute announced mysterious cryptocurrency project
22 June 2017   5038
Blockchain

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

Whole cryptocurrency community is exited due to a new project, developed by Massachusetts Institute of Technology. It still remains unclear exactly what this project will be about. It is only known that this project will be released on 1th of August. It will be very interesting to see what MIT is going to launch.

Many people were very surprised to find this mysterious webpage under MIT domain. It is clear now that new project will be Litecoin related. Even the creator of Litecoin, Charle Lee, has no idea about this project.

Litecoin

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

 

What's this secret project? 

According to Charlie's opinion, it is related to MIT's DCI Lit lightning network. It is nice to see that such old and serious institute is interested in cryptocurrency and especially Litecoin.

Also, date is chosen wisely, 1st August is Bitcoin UASF activation date. The nearest future will be very interesting for whole mining community. 

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin