LITECOIN VS. BITCOIN
Litecoin, which was established in 2011 by Google engineer Charlie Lee, operates similarly to Bitcoin.
Mr Lee on occasions refers to Litecoin as the “silver to Bitcoin’s gold.”
The two cryptocurrencies act similarly in how their global payment operations are set up. Both are not controlled by financial institutions.
Like most cryptocurrencies, Litecoin uses blockchain technology for processing and recording transactions.
While Litecoin is smaller, it is a quicker and cheaper alternative when compared to Bitcoin.
WHERE DOES COINBASE REVENUE COME FROM?
The majority of Coinbase’s revenues come from Bitcoin and Ether on the Ethereum blockchain.
They are currently the number one and number two cryptocurrencies on the market, according to MarketWatch.
CAN YOU TRADE CRYPTO ON ROBINHOOD?
Unlike most of its rivals, Robinhood offers 24/7 crypto trading through its platform.
That means you’ll have access to trade major cryptocurrencies including, Dogecoin, Ethereum, and Bitcoin.
Its crypto investors can buy or sell with a market order, which means it’s executed at the current market price.
WILL ETHEREUM TAKE OVER BITCOIN, PART TWO
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, added to The Sun: “Bitcoin may boast the strongest brand in the crypto world but it doesn’t provide the same opportunities as a launch pad for decentralized apps.”
WILL ETHEREUM OVERTAKE BITCOIN?
It’s hard to say for certain, but it’s possible Ethereum one day overtakes Bitcoin as the dominant crypto, according to Goldman Sachs.
Last month, the bank said Ether “looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications,” Business Insider reported.
HACKERS STEAL $600MILLION
Hackers recently stole $600 million in a shocking cryptocurrency heist after spotting a “vulnerability” in a blockchain site.
In one of the world’s biggest-ever thefts, the cybercriminals exploited a weakness in Poly Network, a platform that tries to connect different blockchains so they can work together.
The site said the hackers have taken thousands of digital tokens such as Ether.
EXPERT SAYS CRYPTO SANCTION SENDS 'CLEAR SIGNAL'
"Rogue cryptocurrency exchanges have long been key enablers for ransomware gangs," Tom Robinson, chief scientist and co-founder of blockchain analysis firm Elliptic said in a statement provided to Reuters.
"This action by the U.S. government sends a clear signal that it will not tolerate this activity, wherever it is based."
BIDEN ADMINISTRATION SANCTIONS CRYPTO EXCHANGE, CONTINUED
The Treasury Department for the administration accused Suex OTC, S.R.O. "of facilitating transactions involving illicit proceeds for at least eight ransomware variants," according to Reuters.
"Exchanges like Suex are critical to attackers' ability to extract profits from ransomware attackers," Treasury Deputy Secretary Wally Adeyemo said in a call with reporters on Monday night.
The move "is a signal of our intention to expose and disrupt the illicit infrastructure using these attacks."
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