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.
PayPal’s launch of buying cryptocurrencies could lead to tothemoon- important events of the week
Payments company PayPal, together with the mobile payment service Venmo, will launch the direct purchase of cryptocurrencies. Access to the functional similarity of cryptocurrency wallets will be given to 325 million customers of these services. CoinDesk reports that at the moment, PayPal is only used to withdraw funds from certain cryptocurrency exchanges, and the ability to buy crypto will appear within three months. This news has greatly delighted fans of the cryptocurrency, despite the lack of official confirmation from the companies. On social networks, they again started talking about the tothemoon. Twitter user @Bitcoin wrote: “Slowly but suddenly” (a parody of the phrase “Slowly but surely”). A trader under the nickname @George1Trader predicts an imminent assault on the $10,000 and $12,000 levels. Analyst Michael van de Poppe is of the same opinion.
The Dutch bank ING has developed a solution for tracking cryptocurrency transactions. The new Travel Rule Protocol (TRP) will help cryptocurrency exchanges and companies comply with FATF recommendations. One of the key recommendations is the requirement to exchange information about customers and transactions between operators of cryptocurrency services.
Telegram was ordered to return $1.22 billion to Gram investors, as well as pay a fine of $18.5 million to settle a lawsuit with the SEC. In addition to paying compensation, Telegram is required to notify the US authorities about the release of any digital assets, whether it be cryptocurrencies, digital coins or digital tokens.
BRO instead of ICO and STO. Paris-based cryptocurrency startup Tozex has introduced a new method to attract funding in the Believers Reward Offering (BRO) stablecoins. The protocol supports smart contracts to transparently lend backed cryptocurrencies. The developers of the project believe that BRO will help businesses get funding and survive the crisis.
The number of daily transactions in the Ethereum network has reached 1.1 million. This indicator is already approaching a historical maximum. According to Trustnodes, this number could be caused by "spam" of transactions by SparkPool and Nanopool pools. The number of transactions and fees on the Ethereum blockchain has been growing for the second month in a row, and the record value was recorded in 2018 – 1.35 million transactions.
Australian post offices will accept bitcoin as payment for their services. More than 3,500 branches in the country will attract cryptocurrency customers through cooperation with the local exchange Bitcoin.com.au. This is not the first time Australia Post has been interested in cryptocurrencies: in 2016, it was planned to use the blockchain in databases.
Ripple has joined the launch of a new payment service, PayID (Universal Payment Identifier), which will be compatible with any financial service provider. More than 100 million users will be able to create a unique ID-nickname and use it to receive transfers through banks, PayPal, Western Union and even in cryptocurrency.
A chat for the crypto community has appeared on CoinMarketCap. After the site was purchased by the Binance exchange, it constantly pleases with new chips. The international cryptocurrency ranking platform has connected chats on the site for each of the largest coins in the listing. Chats will be activated for 24 hours during strong price fluctuations. In addition to temporary chats, the site also has a permanent channel "To the Moon!".
