The Motley Fool: Bitcoin’s Biggest Competition Is Litecoin

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Bitcoin should fear Litecoin as its biggest competition according to the Motley Fool.

It appears when perusing CoinMarketCap that the biggest competition for Bitcoin would be number two – Ethereum. However, according to the Motley Fool, the biggest risk for Bitcoin may actually come from somewhat lower – Litecoin.

Litecoin was created by Charlie Lee in 2011 and uses similar protocols as Bitcoin. According to the analysis, Bitcoin and Ethereum are really after completely different marketplaces. Bitcoin is really designed as a currency and store of value protocol built on consensus, while Ethereum is more of a functional platform that also provides a cryptocurrency for internal transactions.

However, per the analysis, Litecoin is essentially the same as Bitcoin – a currency and a store of value. While Litecoin has already completed the SegWit upgrade, and offers rapid transaction times, like Bitcoin, the platform allows for simpler protocol upgrades. While only Overstock accepts Litecoin among institutional-level companies, that isn’t the fault of the currency, but a problem of focus. Per the Motley Fool analyst:

"Litecoin hasn't been nearly as successful, but that looks to be more a function of its creator, Charles Lee, taking a backseat for years and only recently putting his full effort behind building up his cryptocurrency's use.”

 Whether anything can challenge Bitcoin’s dominance or not is still not clear. The Litecoin Foundation, however, believes both should function concurrently without any problems since Litecoin focuses more on payments.


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#211 Zoe Adamovicz: Neufund and the Case for Selling Equity on the Blockchain

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Neufund CEO Zoe Adamovicz joined us to discuss how Neufund is creating a platform to allow companies to sell tokens backed by actual company equity.

Topics discussed in this episode:

  • Neufund’s thesis of the revolutionary implications of token equity
  • The difference between ICOs and Equity Token Offerings (ETO)
  • Why from a regulatory perspective ETOs are uncomplicated
  • How Neufund’s token Neumarks serves to build a community
  • How the Initial Capital Building Mechanism is bootstrapping the ecosystem
  • The long-term vision of creating a global stock market

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Watch or listen, Epicenter is available wherever you get your podcasts.

Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.

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Circle Financial Plans to Launch a New Investment App Next Year

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Circle Financial Plans to Launch a New Investment App Next Year

This week the Dublin-based firm Circle Financial revealed a new investment app is coming out in 2018. There’s currently a sneak peak of the “Circle Invest” app that shows multiple cryptocurrency support and a picture of the user interface.

See also: How to Buy Bitcoin When You’re Underage   

Circle is Excited to Release a New Crypto-Based App for Retail Investors

Circle Financial Plans to Launch a New Investment App Next YearCircle financial is a cryptocurrency-based firm that was launched back in 2013 and operated a service much like the company Coinbase. The company had done very well for itself over the years raising $136Mn in venture capital. Average investors could use the Circle app to purchase and sell bitcoin but the firm stopped these services more than a year ago. Instead, they focused on large Over-the-Counter (OTC) trading for exchanges and institutional investors. Just recently reported on Circle’s latest project Centre and it’s Trigger Finance acquisition. Now the firm will launch its latest investment app during the new year as the firm details;

Invest in digital currency without investing a lot of time deciphering the market. Circle started in 2013 and we’ve worked in crypto ever since. We’re excited to unveil our latest endeavor.  

Circle Invest Will Boast Multiple Cryptocurrencies and No Commissions

Circle Financial Plans to Launch a New Investment App Next Year
Sneak peak of Circle’s new investment app.

Users can sign up for a wait-list to try the new Circle Invest app by entering their email. According to Circle, there will be no commissions, custodial accounts, liquidity, multiple cryptocurrencies and secure storage. The app’s user interface (UI) reveals the variety of digital assets supported by the platform which includes bitcoin, ethereum, ripple, bitcoin cash, and litecoin. It’s likely the acquisition of Trigger Finance is helping the firm produce the Circle Invest app.

The mobile investment platform Trigger has served thousands of retail investors by tracking U.S. equities, commodities, and even cryptocurrencies. Circle says its use of digital assets and using public blockchains as payment rails combined with Trigger’s expertise will leverage Circle’s “infrastructure and trading operations in the form of new mobile products for individual retail investors.”

What do you think about Circle coming back with a new investment app? Let us know in the comments below.

Images via Shutterstock, and Circle Financial.

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The post Circle Financial Plans to Launch a New Investment App Next Year appeared first on Bitcoin News.

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Here’s What Keeps Bitcoin Developers Up at Night as the Price Hits $10,000

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The recent Baltic Honeybadger 2017 conference in Riga, Latvia featured an all star panel of Bitcoin developers and security experts on the second day of the event. During this panel, the participants were asked to explain what kinds of possible issues with Bitcoin keep them up at night. In their responses, the panel of Ciphrex […]

This post Here’s What Keeps Bitcoin Developers Up at Night as the Price Hits $10,000 first appeared on Coinjournal.

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Win A Limited Edition CoinJournal Art Print

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To celebrate what has been yet another incredible year in the history of Bitcoin, CoinJournal has partnered with our friends at to commission a limited edition A3 art print. Each print is hand numbered (Limited to 100 pieces) and made from 300GSM board with 2 colour variants available. To celebrate the holiday season, we’ve […]

This post Win A Limited Edition CoinJournal Art Print first appeared on Coinjournal.

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Standpoint’s Ronnie Moas Raises Bitcoin Price Prediction to $14,000 for 2018

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With bitcoin’s value continuing its upward trajectory, the founder of Standpoint Research has revised his 2018 bitcoin price prediction from $11,000 to $14,000. In a note to clients on Monday, Ronnie Moas, wrote: “There have been many positive developments during the last five months and a few of the obstacles that were in bitcoin’s way […]

This post Standpoint’s Ronnie Moas Raises Bitcoin Price Prediction to $14,000 for 2018 first appeared on Coinjournal.

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Why The Price Of Ethereum Has Risen by 5,700% During 2017

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The price of the Ethereum network’s native token, Ether has risen by over 5,700 percent in 2017. The market valuation of Ethereum recorded a 64-fold increase from $700 million to $45 billion, officially becoming the best performing cryptocurrency in the market year-to-date. Billionaire hedge fund investor and former Fortress executive Mike Novogratz expressed his optimism […]

This post Why The Price Of Ethereum Has Risen by 5,700% During 2017 first appeared on Coinjournal.

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