Cryptocurrency Trading News: Bitcoin, Litecoin, Dogecoin Slide in Last 24 Hours
After a steady weekend, the top cryptocurrencies are showing a minimal downtrend during Monday’s early hours. Bitcoin, Dogecoin, Litecoin and every major cryptocurrency are declining, though with the same promises to stay steady throughout the day as no major announcement or event is scheduled today. Can’t go mad if a rumor passed by though! BTC/USD. At the end of April 6th (0000 UTC), the BTC/USD was trading at its two-day peak value, at around $462. It fell slight during the next few hours, but found support at $454 and resistance at around $458. At this time of writing the BTC/USD is....
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After yesterday’s success Litecoin turned as red as a beet and slowly slide down. The Litecoin price correction is likely to continue during this weekend and on Monday. So, if the price range of $3.50—$3.70 has been a tough row to hoe for Litecoin, the question is if we are going to see it in the $3.20—$3.50 soon. Well, not sure. The upper border of the price corridor occurs at the level $3.50, but its lower edge is still unclear. The key factor dragging Litecoin down is China. Its cryptocurrency market depends heavily on the country’s stock market. As China’s stock exchanges revive,....
Good news if you're a cryptocurrency enthusiast and a traveler that uses CheapAir.com. The Calabasas, California-based service, which is well known in the community for their accepting of bitcoin payments has expanded their crypto-related reach by now accepting dogecoin and litecoin. The company hinted at accepting the two digital currencies not terribly long ago on Twitter with the following tweet: @BtcTrip @Destinia @bitcoinmallorca @amuda Well, sure! And we love #dogecoin and #litecoin too! You'll see... 😉 viva la revolucion! - CheapAir ✈ (@CheapAir) August 29, 2014. The service allows....
Yesterday, finance giant PayPal announced partnerships with Coinbase, BitPay and GoCoin to dip their feet in the water with cryptocurrency. Bitcoin price surged upward upon hearing the news, going from being worth around $400 to being worth $450 in a matter of minutes. Now, the CEO of GoCoin confirmed that Bitcoin won't be the only cryptocurrency benefiting from the PayPal partnership. PayPal is supporting Dogecoin and Litecoin payments as well. In a tweet, CEO of GoCoin Steve Beauregard told followers that Bitcoin, Dogecoin and Litecoin would be available to PayPal merchants: Pleased to....
According to the Liteshack, the Litecoin network hash rate reached 1TH/s, the equivalent of 1PH/s in Bitcoin (on GPUs), which was a milestone heralded as the arrival of Bitcoin. This comes on the heels of the merge mining of Dogecoin and Litecoin. In an effort to survive, Dogecoin has switched to an auxiliary proof-of-work. The merger alone signals a positive attitude towards the future of Litecoin, and this new milestone is icing on the cake. CNN. A Milestone. Almost exactly a year ago today, September 15, 2013, the Bitcoin network reached 1 PH/s which was marked as a historical....
The surprising success of dogecoin has changed the way that miners view the scrypt algorithm. And that's not good for litecoin or doge, according to Charlie Lee. On the dogecoin subreddit, the litecoin creator has proposed merged mining of the coins in order to ensure better security: "Litecoin's security is a lot less than it could be. So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%." What does '51%' mean? When Lee refers to this 51%, he's talking about a '51% attack', an exploit that could be made possible if a miner or a pool could take control....