Tag Archives: charlie lee

Hodler’s Digest, Jan.7–13: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Altcoin Ethereum Classic Reportedly Undergoes 51 Percent Attack Earlier this week, the Ethereum Classic (ETC) reportedly underwent a 51 percent attack. In the aftermath, crypto exchange Coinbase noted that upwards of $1.1 million in crypto was double spent during the time of the deep blockchain reorganization. Coinbase and several other cryptocurrency exchanges temporarily paused… Read More »

Latest Litecoin News: 71.5% of the Total LTC Has Now Been Mined

Today, the blockchain project of Litecoin reached a new milestone as there are now 60 Million LTC minted as per information provided by Litecoin.com on Medium and LitecoinBlockHalf. The Litecoin algorithm has set the limit of LTC to be produced at 84 Million. The new benchmark of 60 Million signifies that approximately 71.5% of all LTC meant to… Read More »

Litecoin Price Analysis: Charlie Lee Confident as LTC Melt Below $35

Latest Litecoin News For a long time now, talk has been on proof of work consensus algorithms and their modus operandi. On one hand, the transaction confirmation protocol has been around since early 1990s only getting traction from early 2000s after Bitcoin roll out. Read: Bitcoin maximalists reveal Proof of Keys failures but is it all just FUD?… Read More »

Decentralized Crypto Networks ‘Must be Susceptible to 51% Attacks’: Litecoin Creator Charlie Lee

Ethereum Classic (ETC), the smaller spinoff of Ethereum, is still reeling from the 51% attack that was carried out on its blockchain, resulting in the theft of more than $1 million in ETC tokens and an almost 10% erosion of the cryptocurrency’s value. Reactions to this attack have been pouring in from various quarters, including the temporary ban… Read More »

Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his observation, stating… Read More »

Coinbase Forced to Suspend Ethereum Classic Trading After 51% Attack

Ethereum Classic, the original unforked Ethereum blockchain, has suffered a 51% attack resulting in nearly half a million dollars worth of double spends according to Coinbase.Coinbase detected the deep chain reorganizations over the weekend, forcing the cryptocurrency firm to freeze all Ethereum Classic transactions on their trading platforms and other products and services.Ethereum Classic Hit With 51% Attack,… Read More »

Litecoin Founder Stokes Debate Over ‘Bitcoin Extremists’ Tweet

Litecoin (LTC) founder Charlie Lee has fired community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists.” Lee’s Jan. 6 post argued that: “Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero. Maximalists think Bitcoin is and will remain the dominant cryptocurrency… Read More »

Litecoin (LTC) Founder Aims Sights At Crypto Adoption

Litecoin Founder Charlie Reminisces  Just one year ago, Litecoin’s founder Charlie Lee, better known as “Coblee” or “Satoshilite,” took to the Litecoin (LTC) subreddit to convey a surprising announcement. For those who missed the memo, Lee, who has been a cryptocurrency proponent for a majority of Bitcoin’s existence, revealed that he liquidated his LTC holdings to mitigate “conflicts… Read More »

Litecoin ‘Flappens’ Bitcoin Cash By Market Capitalization

In February, Charlie Lee predicted a ‘flappening’ of Litecoin and Bitcoin Cash before the end of the year. Well, with just two weeks of the year left, the prediction came true, as Litecoin’s market cap overtook Bitcoin Cash. Natural Rivals In many ways, Bitcoin Cash was always a more natural competitor to Litecoin than to Bitcoin. From its… Read More »

Daily Altcoin Review: ETH/USD, LTC/USD Ranging, Fundamentals Supportive

Latest Ethereum News In a milestone case— Copytrack Pte Ltd v Wall–noted by the University of Oxford Faculty of Law and published by the Business Law Blog, it is likely that relevant laws shall apply regarding claims of lost or stolen cryptocurrencies. The ruling made against the defendant, Brian Wall, mandates that the plaintiff and coin issuer Singapore’s… Read More »