Why Litecoin Will Skyrocket 140% in Less Than 3 Months & Hit $220

By CCN: The Litecoin price has enjoyed a breakneck bull run in 2019, launching the cryptocurrency nearly 200 percent higher in less than six months. But while cautious investors might be tempted to take their profits and run, a crucial upcoming event could send Litecoin another 140% higher over the next three months, enabling LTC to eclipse the $220 mark for the first time in more than a year. The trigger from this mammoth ascent? Litecoin’s long-awaited “halvening,” which will slash block rewards by 50%, from 25 LTC to 12.5 LTC. Historically, such halvenings (or “halvings”) have proven to be

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Bitcoin SV (BSV) Dump Awaits after Mindless Rally Gained 200% Returns

By CCN: It took Bitcoin SV just two hours grow its market valuation from $1.09 billion to $2.478 billion. There are no clarifications about how the world’s eleventh largest yet controversial cryptocurrency managed to attract approx $1.4 billion. The move just happened out of thin air, as if somebody with a big bag of money – or even cryptocurrencies – was waiting to click on the big buy button. As of 1315 UTC yesterday, the BSV-to-dollar exchange rate had established its all-time high at $195 on Huobi, up more than 200-percent from the market open. The price action surprised, partially

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Billionaire Crypto Bull Thiel’s Block.one Seed Shares Reap Staggering 6,500% Profit

By CCN: Block.one is returning jaw-dropping profits to its earliest investors like Peter Thiel. It’s a stock buyback of epic speed and proportions. In only three years the blockchain startup is buying back shares sold in a seed round of funding in 2017. The ROI for anyone who cashes out will be as much as 6,567%. Where did Block.one come up with all that money in so little time? It executed the biggest ICO in cryptocurrency history. The company raised $4 billion over a year-long token sale of EOS coins to power Block.one’s EOS.IO blockchain. The year-long crowd-funded token sale

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Bernie Fan Sniffs Out Bitcoin Cash Stash, Hilariously Exposes Wallet Key

By CCN: A Bernie Sanders voter found a stash of hidden Bitcoin Cash (BCH) – and almost gave it away immediately. No, they didn’t turn up at the local donation center only to find that it was closed. Rather, as apparent newbies to the cryptocurrency game, they did the one thing you should never do – they selfied the paper wallet’s QR code and uploaded it to Twitter. Bitcoin Cash Treasure Hunt: Coming to a Town Near You A generous Redditor appeared on the Bitcoin Cash subreddit on Monday night claiming to have hidden four stashes of BCH around the

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‘Fraudulent Propoganda’: Co-Founder of China’s Blockchain Uber Slams EOS

By CCN: Weixing Chen, the founder and CEO of Kuaidi Dache, a Chinese taxi-hailing application, has expressed his concerns about crypto assets like EOS in a statement published on Weibo that prioritize scalability. A rough translation of his statement read: EOS is a good example. I have always said that there is no problem in trying technology. The problem is the fraudulent propaganda such as ‘Million TPS” and ‘Next Generation Operating System’. CnLedger, a trusted crypto news source based in China, confirmed to CCN that the Weibo account is, in fact, Chen’s and that he is well known in

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This Coinbase-Backed Cryptocurrency Surged 75% in a Single Day

By CCN: The cryptocurrency market has been awash in bearish sentiment on Monday, with Bitcoin failing to maintain the $8,000 mark and most of the other top 20 coins moving in a sideways or downward trend. Nonetheless, one lesser-known crypto token isn’t intimidated by the market gloom, and it took advantage of one concrete announcement and one wild rumor to surge more than 75% in a single day. Ethereum Scaling Project Rallies More Than 75% Matic Network, a blockchain project aimed at scaling Ethereum, rose as much as 76% to $0.32 on the day. Shortly before 16:00 ET, the cryptocurrency

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Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations

By CCN: OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim. In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegations OneCoin takes issue with news articles that were used by the Central Bank of Samoa (CBS), which fueled the Ponzi scheme narrative. The CBS has issued clarifications about the information it received about OneCoin’s operations. OneCoin is alleged to be involved in a $3 billion pyramid scheme. The Manhattan U.S. Attorney claims that the company created

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Up 55%: NEM (XEM) Defies Crypto Snooze as Week’s Biggest Gainer

By CCN: The crypto market took a breather from its bull run this week, with Bitcoin slightly departing from its recent year-to-date peak. However, NEM has been defying this mini-correction mood to gain over 55 percent since Monday, according to Coinmarketcap data. Thus, NEM, whose coin is trading under the ticker XEM, has been the best performer of the week among the top 100 coins. On Thursday, it jumped about 50 percent in less than six hours, hitting a daily peak at $0.108, which is the highest level since November 2018. The surge allowed it to enter the top 20

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Flexa Co-Founder Semi-Teases Adding Litecoin to Crypto Payment App

By CCN: Most of crypto land celebrated when Flexa and Gemini partnered to deliver digital currency-fueled micro-payments to merchants. Spedn will let consumers shop at major stores including Nordstrom and Lowe’s and pay with crypto across bitcoin, ether, Bitcoin Cash, and Gemini Dollar. But one crypto influencer was left out of the celebration – Litecoin Creator Charlie Lee. That’s because Litecoin was noticeably absent from the list of coins that the Spedn app supports. Lee tagged Flexa Co-Founder Trevor Filter in a tweet rallying followers to agree that the “app should  let us pay with Litecoin at Whole Foods, Gamestop,

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Ripple Potentially Sped Up its XRP Distribution Timeline by 21 Years: Crypto Researchers

By CCN: CoinMetrics, a firm that analyzes blockchain data for crypto investors, published a bombshell report this week which tells the story of how Ripple Labs has allegedly misrepresented its escrow system. Ripple has effectively misrepresented the amount of XRP transferred back to escrow at least twice. More importantly, the bank-friendly cryptocurrency’s escrow process diverges significantly from the way it was presented initially. Ripple Escrow System: Not Working As Advertised Ripple is supposed to take 1 billion XRP out of its fund every month, liquidate what it needs, and return the remainder to escrow. The recovered funds are supposed to

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