Litecoin Tops $20 As Traders Await Addition to China's Huobi Exchange
The price of litecoin surged across major exchanges in anticipation of Huobi, one of the largest China-based digital currency exchanges, officially adding support for litecoin trading today. The exchange added to the anticipation after announcing the news last week by adding a 'moon landing' countdown clock to its site: As of press time, the price of litecoin on exchanges BTC-e and Bitfinex had hit a high of $20.25 and $20.33, respectively, before dropping to $19.35 and $19.39. These figures were up from opening prices of $17.49 and $17.50, according to data from BitcoinWisdom. Against....
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Chinese bitcoin exchange Huobi has announced on their website plans to begin support for litecoin trading beginning on the 19th of March. With an estimated 20 percent of the exchange's user base saying that have money in litecoin, the company said they decided to add the functionality after careful consideration. The move comes not terribly long after Huobi's competitor BTC China announced the availability of litecoin trading with no commission, a move that is designed to keep up with the growth of the number two most popular cryptocurrency. Canada-based VirtEx also added litecoin trading....
China's busiest bitcoin exchange, Huobi, has announced it will start trading litecoin on 19th March, however, the company's users can begin uploading litecoins to their accounts starting today. Huobi is said to be finalizing tests for implementation before regular trading commences. The litecoin price on BTC-e took a sudden leap earlier today - very likely as a result of the Huobi announcement. Huobi co-founder Jun Du said the company only considered implementing litecoin after careful deliberation and would provide the same business support and services it already does for bitcoin. A....
Popular bitcoin exchange BTC China announced on Tuesday that they've launched litecoin trading effective immediately. The service says it's added litecoin trading due to popular demand, putting the exchange behind BTC-e in terms of big trading houses that allow trading of the digital currency. The move could once ignite a digital currency craze in the People's Republic in China, similar to the bitcoin excitement we saw in the country last year (in which BTC China became the largest exchange at one point). Traders can expect to enjoy zero commission on litecoin trades - at least for the....
While everyone was preoccupied with bitcoin price drops after last Friday's 'fake Chinese bitcoin ban' news incident, something even more dramatic was happening at China's largest exchange, Huobi, and its new litecoin trading system. A 'flash crash' on the exchange saw the price plunge to just 1 RMB (Chinese yuan) a short time after a hoax news report of a complete government ban on digital currencies was posted on microblogging site Sina Weibo and reported by Sina's financial news service. The number of trades executed at that price is unknown, as is the total amount of money lost -....
The Bitcoin price plunged by 9 percent overnight, declining from $1,060 to $959 across major global Bitcoin exchanges. The short-term drop in price was likely caused by the announcement of Huobi and OKCoin to temporarily disable Bitcoin and litecoin withdrawals for one month. Huobi and OKCoin are two of the largest Bitcoin exchanges in China that control approximately 25 percent of the global Bitcoin exchange market. The two Bitcoin exchanges process around $55 mln worth of Bitcoin and litecoin on a daily basis. In the morning of Jan. 9, almost immediately after a meeting took place....