San Francisco to host Global Litecoin Summit

Global Litecoin Summit is coming to San Francisco for 2 days on September 14-15
26 June 2018   1096

Global Litecoin Summit will be held on September 14-15 at South San Francisco Conference Center. Main partners of the event are Reaction Audio Visual, LiteVault and CoinGate. Day 1 will be focused on educating with lecture-style sessions. The program for Day 1 is as follows:

10:00 - 10:45 Keynote
10:45 - 11:30 Banking with crypto
13:00 - 13:30 Rootstock and smart contracts
13:30 - 14:15 Lightning and Layer 2
14:30 - 15:00 The cryptocurrency payments industry
15:30 - 16:00 Designing decentralized finance
16:15 - 17:15 Litecoin foundation roundtable
18:15 Networking

Day 2 will deal with Litecoin Expo with over 50 businesses booths and presentations. More details are available here. Litecoin (LTC) market indicators at the moment of publication are as follows:

Average price 83.24 USD
Market cap 4,755,436,092 USD
Volume (24H) 483,379,000 USD

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   57

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.