Litecoin Founder: Miners Should Donate Block Rewards to LTC Foundation

Charlie Lee is nothing if not controversial. The Litecoin founder who sold all his holdings to avoid a ‘conflict of interest’ in 2017 just proposed miners should voluntarily donate LTC to fund the network’s development. Miners Should ‘Donate’ Part of Their Litecoin Earnings In what turned out to be a provocative tweet on Jan 24, Charlie Lee proposed a “voluntary” […]

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Litecoin Hash Rate Down 60% Since August Halving

Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data from BitInfoCharts.com shows that the […]

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Litecoin Partner TokenPay to Buy German Bank, Make LTC User-Friendly

TokenPay Swiss AG announced its partnership with Germany’s WEG Bank yesterday, which sees the decentralized and self-verifying payment platform acquire 9.9 percent of the bank. The other 90 percent of the bank is will reportedly be purchased pending mandatory regulatory approval. TokenPay notably has a strategic partnership with Litecoin Foundation, which aims to be “a leading force in creating and delivering […]

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