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The analyst predicts that Litecoin (LTC) will overtake XRP in 2019

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In an article published in Forbes, analyst Billy Bambro said that the 4th largest market capitalization of the cryptocurrency Litecoin (LTC) will outpace XRP by the end of the year and take 3rd place.

Despite the fact that cryptocurrency prices are still at a low level, LTC has almost doubled its value since the beginning of the year. At the time of writing, the coin is trading at $ 57, which is above its lowest minimum in December 2018 – $ 23.

Bambro believes LTC pricing is a response to the active efforts of the Litecoin Foundation and developers to improve coin security and privacy, in addition to choosing several well-known partners.

The SFOX report states:

Litecoin volatility increased dramatically when the Litecoin Foundation announced that it was exploring the possibility of integrating Mimblewimble, a protocol that provides privacy and flexibility for blockchains. In March, watch how privacy news affects markets, for example, recent reports that a third-party service provider, Coinbase, sells customer data.

As for XRP, Bambro believes that JP Morgan’s announcement of the creation of JPM Coin has sparked investor interest in Ripple and XRP.

According to EWN, Binance Research refutes the idea that JPM Coin will compete directly with Ripple or XRP. However, Bambro argues that the changing cryptocurrency landscape, with a positive attitude, is now lulling towards LTC, may be enough for Litecoin to outrun XRP by the end of the year. At the time of writing, LTC has a market capitalization of $ 3.5 billion, compared with $ 13 billion for XRP, which represents a significant gap that needs to be bridged.

However, the analyst finds reason to be optimistic about LTC and its growing use and implementation in the real world, quoting a statement from eToro senior analyst Mati Greenspan, published earlier this week:

The use of Litecoin in the real world seems to be a calculation method for crypto traders. For people who often send money from the stock exchange to private wallets, it is much cheaper and faster to do it with Litecoin than with Bitcoin.  

That is why it really deserves the name "digital silver", especially with the upcoming cut in half in August.

What do you think about Litecoin?  

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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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Name Price24H (%)
Bitcoin (BTC)
$3,989.68
-0.10%
Ethereum (ETH)
$137.73
-1.10%
XRP (XRP)
$0.313103
-1.11%
Bitcoin Cash (BCH)
$158.88
1.52%
EOS (EOS)
$3.70
-1.44%
Stellar (XLM)
$0.114344
5.46%
Litecoin (LTC)
$59.31
-2.52%
Cardano (ADA)
$0.049756
-0.80%
Tether (USDT)
$1.00
0.05%
Monero (XMR)
$51.58
-0.10%
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