Charlie Lee, former director of engineering at Coinbase crypto exchange and the creator of Litecoin (LTC) has expressed his intention to make the altcoin a global decentralized cryptocurrency in an interview with TenX made Friday, April 27. He also claimed that that goal would require him to eventually “step away” from Litecoin as its leader. Continue reading Charlie Lee says that to make Litecoin More Decentralized, Eventually I Would Step Away
One of the main critiques about Bitcoin is the digital currency’s troubles offering timely and cost-effective payments. Charlie Lee, the founder of Litecoin, foresaw Bitcoin’s future payment issues, and took action by designing a more payments-friendly blockchain.
After earning the nickname, ‘SatoshiLite’, Mr. Lee earned a job at Coinbase, the large San Francisco-based crypto-exchange. Mr. Lee left Coinbase last year. Thereafter, he sold his Litecoin so that he could act more freely as a champion for the digital currency he founded and not be accused of pumping and dumping. Continue reading Litecoin Payments are Quietly Starting to Catch On
A duo of heavy-hitting Silicon Valley venture capital firms has asked US regulators to take an industry-friendly approach to initial coin offering (ICO) regulations. The Wall Street Journal reports that representatives from Andreessen Horowitz and Union Square Ventures met with high-ranking officials at the US Securities and Exchange Commission (SEC) on March 28. Continue reading Silicon Valley VCs Ask US Regulators to Go Easy on ICO Regulations
Ripple Foundation’s chief market strategist Corey Johnson said that XRP is not a security in an interview, CNBC reports April 12. Johnson told CNBC Wednesday that Ripple was not a security as to allay speculation that XRP had not been added to cryptocurrency exchange Coinbase due to questions over its status. Johnson said, “We absolutely are not a security. We don’t meet the standards for what a security is based on the history of court law.” Continue reading XRP ‘Absolutely Not’ A Security Says Ripple Chief Market Strategist
The San Francisco-based cryptocurrency exchange is reportedly in talks with the US Securities and Exchange Commission (SEC) about becoming a regulated brokerage firm and trading platform. According to The Wall Street Journal, Coinbase reached out to regulators about the getting licensed even as the SEC moves closer to crafting some regulatory framework by which exchanges and other market players would operate. Continue reading Coinbase Engages SEC about Turning into a Regulated Brokerage