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Litecoin [LTC]: Hollywood introduced to Litecoin; Sponsors Mammoth Film Festival in California

on February 06, 2019 AMBCrypto

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Market Watch Sep.30: The battle between ETH and XRP

on September 30, 2018

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Litecoin [LTC]: Hollywood introduced to Litecoin; Sponsors Mammoth Film Festival in California

Litecoin has taken another major step in the cryptocurrency universe and further consolidated its position as a widely accepted virtual currency. On January 5, Litecoin announced on their official website that the foundation is delighted to be sponsoring the 2 nd annual Mammoth Film Festival which will be held at Mammoth Lakes, California for the time period of 7 th to 11 th February 2019. The film festival which premiered in the year 2017, was considered one of the largest first film festivals ever organized. Source: Twitter The announcement should herd in an enormous amount of attention for the virtual currency as several members of the litecoin foundation will be interacting with various high profile filmmakers, actors, celebrities and festival attendees and endowing them with pivotal knowledge regarding cryptocurrency while also helping them set up crypto wallets to experience the efficiency of litecoin unmediated. The website also stated that the various winning filmm

Steemit Announces Structural Reorganization, Laying of 70% of Employees

The decentralized content platform that rewards content providers with cryptocurrency, Steemit, recently announced a corporate restructuring that will result in a significant amount of their workforce being cut. The announcement, which was made by the company’s CEO in a recent post , explained that the weakness of the cryptocurrency markets has affected both the company’s cryptocurrency (STEEM) and the company’s user-base, forcing them to layoff close to 70% of their employees. Ned Scott, the founder and CEO of Steemit, explained the restructuring, saying: “Given the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes, we have been forced to layoff close to 70% of the team.” Related Reading: Crypto Rally Runs Out of Steam But Steem Is Green Steemit Cryptocurrency Down 95% from All-Time-Highs Steemit’s cryptocurrency has been hit hard by the recent market downturn and is cu

eToroX granted distributed ledger technology licence

Leads the way in ensuring a regulated future for cryptoassets eToro ecosystem acts as a bridge from the old world to the new eToroX, the digital asset subsidiary of global investment platform eToro , has been granted a distributed ledger technology (DLT) licence from the Gibraltar Financial Services Commission (GFSC). eToroX was created in 2018 by eToro, the global multi-asset investment platform with over 10 million registered users. eToroX is responsible for defining and executing eToro’s vision around blockchain and the development of cryptoassets. It provides the evolving product range and infrastructure to support the growth of tokenized assets. Today, eToroX manages eToro’s newly launched wallet and will run the forthcoming exchange. Commenting on the news Yoni Assia, Co-founder and CEO of eToro , said: “ We believe that cryptoassets and the blockchain technology that underpins them will revolutionize global finance, bringing about the greatest transfer of wealth ever o

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