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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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End Of The Year Bitcoin & Crypto Summary For 2018

on December 31, 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

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