MIT Litecoin project was a hoax?

MIT announced a mysterious Litecoin project but never actually launched it
08 August 2017   1066
Blockchain

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

World famous Massachusetts Institute of Technology announced a mysterious cryptocurrency project in June. 

The news got a great response in the cryptocurrency world society.

MIT Litecoin project countdown screenshot MIT Litecoin project countdown screenshot

Litecoin

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

Firstly, no one could tell for sure what the project was exactly about.  The only thing known was that it was somehow related to Litecoin. Even the creator of Litecoin, Charle Lee, had no idea about this project:

Secondly, the project was to be released on August 1st, on one the most significant days in the cryptocurrency world's history (the day of Bitcoin fork). 

So what?

Now, it appears that the Litecoin page has been removed from the website and the web address of the project is no longer accessible. To tell the truth, such a move leaves the community at a loss: no one actually knows whether or not this was a hoax as MIT team remains silent.

Some people are wondering whether such a “hoax” will impact the LTC price. However, Litecoin has been relatively stable these past few weeks, which was seemingly unrelated to the MIT project. 

Taking into consideration all the crazy mess around Bitcoin fork on August 1st, not much attention was drawn to the MIT project and it managed to disappear silently and even more mysteriously.

The users found themselves fooled in a way, tried to find out the truth on their own:

Charlie Lee on MIT Litecoin project on his Twitter Charlie Lee on MIT Litecoin project on his Twitter

Since the Massachusetts Institute of Technology team has remained silent and hasn't published any official statements, we have appealed to them with a request to comment on this situation.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   174

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.