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At Bitcoin.com, our web portal hosts a developer section aimed at providing Bitcoin Cash (BCH) developers with the resources and tools to program killer applications using the BCH protocol. The developer.Bitcoin.com section has now added an educational resource for newcomers and veterans called Mastering Bitcoin Cash. The documentation offers a comprehensive overview of BCH basics and technical operation of the protocol. The developer section of our website has recently added some literature based on the Creative Commons licensed book mastering bitcoin written by the well-known cryptocurrency educator Andreas Antonopoulos. Bitcoin luminary Antonopoulos has been educating the masses on this technology for years and his work has changed the lives of many individuals in the crypto space…Read more….
As is visible from the chart below, Litecoin has remained relatively stable over the course of the past 2-3 days— with the currency currently trading at a price point of $31.92 (at press time). However, around a week back, the top-10 altcoin was struggling to stay in the green while trading just above the $23 mark. Lastly, as per LTCs technical indicators, the altcoin is exhibiting strong bullish momentum right now— with the crypto asset currently hovering above its EMAs. Also, as Litecoin approaches the $32 mark, it is being estimated that the currency will incur heavy resistance beyond the $34 threshold. Elaborating further on what prompted him to make this move, Lee went on to say that he wanted to work on Litecoin purely out of his passion and not as a means of gaining profits. Not only that, Lee also declared that instead of simply selling off his LTC holdings for profit, he had donated every LTC coin that he had ever owned. Read more….
Two members of the US House of Representatives have tabled a new bill before the Congress on Thursday to exclude cryptocurrencies from the standard securities laws.
This bipartisan bill called the ‘Token Taxonomy Act’ was presented by Reps. Warren Davidson, R-Ohio and Darren Soto, D-Florida. In September, Rep. Davidson hosted a roundtable in Washington, DC, to discuss the cryptocurrency-related bill and regulatory shortcomings towards the nascent industry. More than 50 participants from the financial industry participated including experts from Fidelity, Nasdaq, State Street, Andreessen Horowitz, and the U.S. Chamber of Commerce.
The bill, if passed, will amend the Securities Act of 1933 and the Securities Exchange Act of 1934, and is seeking to exclude ‘digital tokens’ from being defined as securities.
Rep. Davison, in a statement, said: “In the early days of the internet, Congress passed legislation that provided certainty and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy and for American leadership in this innovative space.”
One year after the big crypto boom, founder of Litecoin Charlie Lee is reportedly continuing to focus on increasing the usage of Litecoin. However, some in the crypto community have pointed out that Lee is still benefitting from the pay that he chose to sell all of his LTC holdings at the height of the boom.
When Lee made the decision to sell off his LTC public, he explained that the reason for divesting had to do with avoiding what referred to as a “conflict of interest.”However, critics within and without the space have alleged that Charlie planned to cash out at the height of the frenzy and make a profit all along.
However, Lee told Bloomberg that this kind of criticism is all par for the course, adding that he sold at a time when it was widely believed that Litecoin would continue to increase in value. “People lose money and they want someone to blame,” he explained. “And they think for some reason I had inside information, and that’s silly. At the time when I sold, everyone thought it would go to $1,000.”