Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Lithuania will launch a digital currency, Kazakhstan adopted a law on cryptocurrencies and other
Bitcoin miners’ incomes fell by almost a quarter in June. This is reported by CoinDesk and considers the May halving to be the reason. For comparison: in May, the total income of miners amounted to $ 336 million, and in June – only $281 million. Also, as a result of halving, the mempool of unconfirmed transactions increased and transaction fees increased, but then the mempool was released, reducing the size of commissions and, consequently, the income of miners. According to analyst Mike Alfred, the June fluctuations in the bitcoin exchange rate are caused by the actions of miners who sold a large number of bitcoins.
The capitalization of Tether exceeded $10 billion for the first time (Messari data). Since the beginning of the year, the indicator has grown by 116%. The remaining stablecoins are significantly inferior to USDT. Bloomberg predicts that Tether will continue its growth and overtake Ethereum, which has a capitalization of $ 25 billion.
The Central Bank of Lithuania will launch its own digital coin next week. Lithuania will become the first EU country to launch a collectible coin on the blockchain. As part of the pre-sale, 24,000 LBCOIN tokens were issued, which will be sold in “packages” of six random coins, worth 99 euros. LBCOIN has many similarities with the cryptocurrencies of central banks, but it will not be used for calculations. Tokens can only be exchanged for physical silver coins or exchanged in the central bank or in a closed blockchain.
President of Kazakhstan Kassym-Jomart Tokayev signed a law on the regulation of cryptocurrencies. The new regulation will come into force in a few months. According to the bill, digital assets are recognized as property, but are not a means of payment. The issue and circulation of bitcoin and other cryptocurrencies in the country is prohibited, except in cases provided for by law.
China’s state blockchain platform (BSN) integrates Ethereum support. This was announced by the investor of Dragonfly Capital Hasib Qureshi, but there is no official confirmation yet. Qureshi believes that this will be an important event for Ethereum and cryptocurrencies in general, and the country will soon adopt decentralization and public blockchains.
The British regulator allowed Wirecard to service cryptocurrency cards. The work of the cards was suspended last week due to a shortage of more than $2 billion from the company. The founder of Wirecard was put on the wanted list, and the company declared bankruptcy due to the inability to pay on loans.
Israeli startup Kirobo has developed a technology to return mistakenly sent BTC. The technology consists in creating a new layer on the existing blockchain protocol, as a result of which users can “roll back” an erroneous transaction. So far, this method is available for Ledger wallets. The recipient of bitcoins must enter a unique protection code to receive, until it is entered, the transaction can be canceled. According to the developers, if customers lose less money due to errors, the crypto industry will receive an influx of new users.
Binance will issue its own cryptocurrency debit card. The card will allow you to pay for purchases in any store, exchanging cryptocurrency for fiat in real time. Previously, the exchange released a card that only supports BTC and Binance Coin, but now all cryptocurrencies are available on Binance Card.
