ViaBTC launches LTC/CNY trading

ViaBTC, who recently launched their cryptocurrency exchange, will add an LTC/CNY trading pair, which brings more liquidity for LTC
29 June 2017   897
Blockchain

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

The developers of the world’s top Bitcoin mining pool and mining pools for competing coins, ViaBTC, gives the green light for Litecoin, which has been largely ignored for the better part of three and a half years. However, as the Poloniex line chart shows, there was a gradual increase of LTC since March 29th and it reached its peak on May 11th. Since then, Litecoin has been quite stable and now shows a certain tendency for beating its own record.

Line chart of cryptocurrency LTC on the Poloniex exchange  Line chart of cryptocurrency LTC on the Poloniex exchange 

Cryptocompare also reports LTC’s remarkable recovery.

Line chart of cryptocurrency LTC on the CryptoCompare platformLine chart of cryptocurrency LTC on the CryptoCompare platform

Litecoin

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

Thus, an additional LTC/CNY trading pair can do wonders for the Litecoin value moving forward. The trading expected has already started on June 28th.

Besides, ViaBTC is not the first Chinese exchange to list LTC/CNY as a trading pair as of late. Nowadays there is a large demand for Litecoin in China and it is evident that good things are bound to happen for LTC sooner or later. Whether or not that will be due to ViaBTC, remains to be seen.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   71

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.