April 18, 2018

Litecoin Trading Arrives on South Korea’s Oldest Cryptocurrency Exchange

Litecoin has always been one of the more popular cryptocurrencies on the market. In recent months however, the currency has lost some of its appeal. With the LitePay deal falling through, a bump in the road was hit. Now that Korbit will launch LTC trading, things are looking up once again. Having the oldest Korean exchange on board is a pretty big deal for any currency.

Korbit Taps Litecoin for Trading

South Korea is the current hub for cryptocurrency-related activity. Its local exchanges generate a lot of volume every single day. With these exchanges now imposing self-regulation, the industry will continue to thrive. Korbit is one of the oldest exchanges in the country as of right now. Even so, the company needs to keep evolving like other trading platforms.

The decision to enable Litecoin trading is rather interesting in this regard. While a very popular cryptocurrency, a lot of exchanges already provide LTC trading. Especially in South Korea, Litecoin has become rather popular alongside bitcoin and Ethereum. For Korbit, adding Litecoin at this stage is a crucial decision.

More specifically, this platform offers a lot of legitimacy to the cryptocurrency industry. While not generating the most volume, it is still a go-to solution for a lot of novice traders. Deposits for Litecoin have been enabled since last night and transactions will go live later today. For now, it remains to be seen how much volume Korbit can bring to the table in the coming weeks and months.

A Positive Development for Litecoin

This news comes at a crucial time for Litecoin as a whole. The popular cryptocurrency has seen its fair share of controversy and minor setbacks in recent months. It all began when Charlie Lee announced he sold off his LTC holdings when the currency hit a rather high value. This comment does not impact the future direction of Litecoin, but it put a lot of holders and investors on edge for a while.

To add to these woes, the Litepay deal recently fell through. This service aimed to provide a dedicated LTC merchant solution and a debit card. Unfortunately, the company seems to have run into some issues and the operation was dismantled recently. Getting Litecoin into the hands of more consumers and merchants will remain a big challenge, for the time being.

With Korbit on board, things are looking up for LTC once again. An exchange listing often brings positive momentum to the cryptocurrency ecosystem as a whole. For Litecoin, it will help solidify the currency’s position on the market. It seems people actively providing volume for LTC on Korbit will also receive a bonus due to a special content being organized.

Image from Shutterstock

Published at Wed, 18 Apr 2018 09:30:06 +0000

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March 24, 2017

BTC Media Acquires The LTB Network, Plans Relaunch

BTC Media, a leading information provider in the distributed ledger space, announced today that it has acquired The LTB Network.

The move adds the company to BTC Media?’?s other publication holdings, including Distributed, bitcoin Magazine, yBitcoin and Gongshitan, among others. As part of the acquisition, The LTB Network will undergo a relaunch in the second half of 2017 which will include an extensive rebranding.

?’?œWe are thrilled to add The LTB Network to our list of industry-leading information services,?’ said BTC Media CEO David Bailey. ?’?œThis strengthens our ability to help audiences stay ahead of trends in the digital currency space and implement best practices for their assets.?’

The LTB Network?’?s Founder and Editor-in-Chief Adam B. Levine will remain host of the flagship ?’?œLet?’?s Talk bitcoin!?’ show and serve on the network?’?s editorial board.

?’?œOur goal has always been to showcase the disruptive ideas, people and projects that are leading innovation in digital currency,?’ Levine said. ?’?œThis is a new opportunity to grow our audience and better serve our podcasters and writers by focusing more of our time on creating better content, not selling ads.?’

Founded in 2011, BTC Media is the world?’?s largest provider of multimedia, educational, conferences and other high-value informational resources focused on the digital currency and blockchain industries.

Founded in 2014, The LTB Network has for years been the home to a distributed group of independent broadcasters and journalists working toward better understanding, exploring and explaining the phenomenon of digital currency.

?’?œThis change marks a vitally important mechanism for BTC media to engage audiences worldwide,?’ Bailey said. ?’?œWe are excited to expand the number of podcasts and place new focus on production value. We look forward to building on the foundation that Adam has established and taking it to the next level.?’

The LTB Network has been a testbed of innovation with a proprietary content management system, token controlled-access forums and more. It was the first to launch a rewards program using a digital currency, LTBCoin, which was awarded to content creators and audience members according to their ?’?œProof of Participation?’ score.

Following the acquisition, LTBCoin holders will be given the chance to participate in a new, ?’?œProof of Existence 2.0?’ project, with details to be released later this year. It shares The LTB Network?’?s spirit of exploration into disruptive technology. Details and updates can be found at http://po.et.

For news media information, please contact Tyler Evans:

tyler@btcmedia.org

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