Litepay Inc to be Sold

Litepay CEO appealed to the Litecoin Foundation for additional funding, in which the organization denied him
27 March 2018   366

CEO of the processing service LitePay Kenneth Azare suspended all operations of the company and is preparing for its sale.

It turned out that Azare appealed to the Litecoin Foundation for additional funding, in which the organization denied him because of the opaque budget allocation and questionable management of the company.

We are greatly disheartened that this saga has ended in this way and we apologize for not doing enough due diligence that could have uncovered some of these issues earlier.  We are currently working hard to tighten our due diligence practices and ensure that this does not happen again.

Litecoin was doing perfectly fine before the promise of LitePay and will continue to do so.  The ecosystem is far bigger than one company and is continually growing with support from many others with market ready products joining the space and fulfilling their promises to make it easier for the world to use Litecoin.
 

Litecoin Foudation

The launch of the processing service LitePay didn't took place on the appointed day. It was expected that LitePay will become an analog of the popular Bitcoin-processing service BitPay, but for the Litecoin.

Bitfinex to support the Onward EOS Mainnet Token Swap

EOS.io, blockchain set to enable vertical and horizontal scaling of decentralized apps, gains support from a full-function trading platform Bitfinex
19 April 2018   146

The promotion is necessary for major digital assets and cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more. Bitfinex suggests margin trading via a peer-to-peer funding market, that lets users to trade safely with up to 3.3x leverage. Bitfinex statement supporting the upcoming EOS MainNet Token is impacted by the psychology of the cryptocurrency- world’s investors and Block.one, the founder of the technology has spoken a great deal about how EOS will change the world.

With the release of EOS.IO, everything will be better, faster and cheaper, everything will be more connected, everything will be more trustworthy, everything will be more secure, everything that exists is no longer going to exist in the way it does today, everything in this world is about to get better.
Brock Pierce, partner, Block.one

Block.one has confirmed this statement by the credibility of their CTO, Daniel Larimer, who has previously established and deployed two of the most used decentralized applications to date. the developer worked on the Bitcoin technology in the initial stages and did not think it would perform adequately. Daniel developed a extensible highly efficient Blockchain architecture, now widely known as Delegated Proof of Stake [DPOS]; today DPOS operates the majority of all blockchain transactions globally.

Bitfinex aid for the EOS MainNet token would promote the following advantages to the exchange – As EOS transitions from Ethereum to its MainNet chain, it will let  them to manage all technical demands related to the swap to guarantee a smooth token registration process for all users storing EOS on Bitfinex.

Bitfinex EOS MainNet Token Swap is stated to take place in June (more details will be  accessible at the start of June).