Charlie Lee803

Charlie Lee is the creator of Litecoin, one of the earliest Bitcoin-derivative cryptocurrencies which still leads in price and market capitalization. Lee was born to Chinese immigrant parents in the Ivory Coast. He moved with his family to the United States when he was 13, where he went onto study Computer Science (Bachelors and Masters) at the prestigious MIT (Massachusetts Institute of Technology). After graduating, he worked in the tech industry as a software engineer. While at a stint in Google, he came across Bitcoin. 

He initially began venturing into cryptocurrency as a miner before getting in touch with developer of Bitcoin’s client software, Mike Hearn. This relationship led to Lee creating Fairbix, his first attempt at cryptocurrency in 2011. But this venture proved to be a failure, due to the pre-mining 7 billion Fairbix coins and the cryptocurrency being pivoted under a Multicoin client making it vulnerable to software bugs. But Lee withstood this failure. 

Lee released Litecoin (LTC) a few months after Fairbix failed to pull through. With a cloned Bitcoin source code and several changes, LTC became the cryptocurrency most commonly used for lightweight transactions like online retail shopping. 

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Are Litecoin (LTC) Prices Pumping Because of Increasing Adoption?
Time and time again, attention has been on Charlie Lee, the co-founder of Litecoin who has been criticized and praised in equal measure. He might have sold his stash back in Dec 2017 and issued a warning to potential investors that LTC could crash back to $20—it did and now some call him the modern-day Nostradamus. Despite is unexpected actions, many got to learn what they were investing in and th...
Report Claims 85% of the Monero Network Dominated by ASIC Miners
Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times in order to gain ASIC re...
Could Tesla CEO Elon Musk be Next in Line for Bitcoin’s Lightning Torch?16.8
From Twitter founder Jack Dorsey to crypto billionaires, the Lightning Network torch is still a thing on social media. It most recently found its way into the hands of Binance CEO Changpeng Zhao. Zhao, like many in the Bitcoin community, would like to see Tesla CEO Elon Musk grab the torch next. Twitter Wants Elon Musk to Join Bitcoin’s Lightning Experiment I am sure you will get it soon enough, l...
Litecoin (LTC) Foundation To Cooperate with Beam to Explore Mimblewimble for Confidential Transactions
Charlie Lee, Founder and Managing Director of the Litecoin foundation, has on numerous instances mentioned on twitter about plans of adding Confidential Transactions through a soft-fork on the LTC blockchain. According to Mr. Lee, fungibility is the only property of sound money lacking from both Bitcoin and Litecoin. By adding Confidential transactions, LTC will be more fungible.
What happened this week in the Crypto markets?
After posting their worst December in 87 years, stocks bounced back in spectacular fashion in January as the S&P 500 Index rose 2.0% last week to finish January 8% above its year-end closing level. The stock market has now gained 16% since the December 24 lows, after Mnuchin called the banks to force reassure them. We’ve highlighted the lack of correlation between the stock market and the crypto m...
Is Jack Dorsey Drumming Up Support for Bitcoin Because Lightning Network is Square’s End Game Move?
Good news is Jack Dorsey, a serial innovator and a renowned Silicon Valley entrepreneur is a Bitcoin believer. He owns a bunch of these world’s most valuable scarce coins. Jack Dorsey as we know is a behind Twitter, whose market valuation is more than that of Ethereum and XRP combined at $25.75 billion. The innovator is also behind Square, a megalith with a $29.75 billion market cap. Even though h...
Lyn Ulbricht Pushed Herself to the Brink of Death for #FreeRoss. Her Last, Best Hope: President Trump46
When Lyn Ulbricht is home, a 20-minute drive from the maximum-security penitentiary in Florence, Colo., she’s frequently up at five in the morning. After fixing herself a cup of tea and doing some devotional reading, she turns to meditation and prayer. She often visualizes her son Ross—who until a recent transfer was locked up in that nearby penitentiary—as a free man. Sometimes she pictures him e...
Bitcoin Had a Fairer Launch Than Any Altcoin
What constitutes a fair coin launch? It’s a question that has had some of the brightest minds and brashest projects in the space debating the best way to kickstart a cryptocurrency. Every crypto, Bitcoin included, has attracted criticism over a distribution schedule that favored early adopters. To date, no other coin has come close to matching the egalitarianism of Bitcoin’s launch.
Charlie Lee announces move to improve Litecoin’s privacy
Charlie Lee, creator of Litecoin, announced in a tweet earlier this morning the intention to pursue confidential transactions in a future release of the implementation sometime in 2019. Plans are for the release to be implemented via a soft-fork, and will initially offer users optionality in shielding transaction amounts, a move to reach easier consensus on the change, according to Lee’s Twitter t...
There Won’t Ever Be Only One Crypto, Says “True Bitcoin Maximalist”3
Since alternative crypto assets began to garner traction in recent years, some of the Bitcoin (BTC) community’s most fervent leaders have come out to denounce “altcoins,” as they’re adamant that BTC is the crème de la crème. In fact, some so-called “maximalists” have taken their raison d’etre to extremes, claiming that any blockchain project accompanied by a token is an outright scam, joke, knocko...
Latest Litecoin News: 71.5% of the Total LTC Has Now Been Mined
Today, the blockchain project of Litecoin reached a new milestone as there are now 60 Million LTC minted as per information provided by Litecoin.com on Medium and LitecoinBlockHalf. The Litecoin algorithm has set the limit of LTC to be produced at 84 Million. The new benchmark of 60 Million signifies that approximately 71.5% of all LTC meant to exist has been mined. This leaves a total of 24 Milli...
Litecoin (LTC) Creator, Charlie Lee: If A Crypto Cannot be 51% Attacked, it is Not Decentralized
Right after news broke that the Ethereum Classic (ETC) cryptocurrency had been the victim of a 51% attack, one twitter user by the name of Crypto Tesla noted that a cryptocurrency has to be open for such attacks if it were to remain decentralized. His tweet was in response to one by Coinbase announcing that they had detected a deep chain reorganization of the ETC blockchain that included a double ...
Ripple CTO Claims XRP Eliminates PoW Risks Seen in Ethereum Classic’s 51% Attack5
Ripple Labs has long been a polarizing startup in the cryptosphere. Case in point, the San Francisco-headquartered company, started by Stellar Development Foundation Mt.Gox co-founder Jed McCaleb, is often bashed for being in bed with centralized financial entities — what Bitcoin was created to destroy. Moreover, many believe that the XRP digital asset is centralized, controlled by puppet masters ...
January Outlook For Litecoin8
The pairing of Litecoin (LTC-USD) with the US dollar finds itself pushing against a previous support that now functions as a resistance level. This is within the context of what's increasingly looking like an inverted head and shoulders formation on the daily chart. This analysis piece will attempt to highlight the possibilities of price action in the early part of 2019.
What I Learned from 71 Minutes with Brock Pierce [Interview]
There were close to 500 crypto conferences in 2018 and blockchain billionaire Brock Pierce spoke at many of them. He was there at CoinAgenda Global until late, gathering the faithful around campfire-like tales. He was there at the NASDAQ Crypto Summit, hosted by Justin Wu and Chris Champion, rebutting playboy personality Dan Bilzerian on the merits of Bitcoin. Kicking off 2019, he’s going to be on...
Litecoin (LTC), EOS (EOS) and IOTA (MIOTA) Attempt to Follow Ethereum (ETH) Surge: Price Increase Day
Ethereum ETH against the US Dollar has taken the highroad showcasing for a couple of days a strong will from the community to overcome XRP‘s market capitalization and increase the token’s price. After the New Year’s Eve Ball hit the ground on the second of January, the smart contract oriented cryptocurrency took over Ripple’s XRP second place and is back in the tail of Bitcoin [BTC].
Crypto Tidbits: Bitcoin Stolen From Electrum Users, Litecoin Sponsors UFC3.8
While the holiday spirit was in full swing over the past week, the crypto industry maintained its unrelenting drive for growth and adoption. The Litecoin Foundation divulged a sponsorship with the UFC, while Bitcoin’s Lightning Network continued to swell. However, it hasn’t been all sunshine and rainbows, as the Electrum Wallet came under attack, while Huobi and Bitmain laid off employees.
Litecoin [LTC] Price Remains Stable for the Third Day Running-3.27
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 ...
End of year crypto roundup: How did Litecoin perform in 2018?18.54
Litecoin (LTC) was created in 2011 as one of the earliest spin-offs of Bitcoin. Google employee Charlie Lee, its creator, promised — what many others who followed him also do — to improve Bitcoin‘s efficiency for everyday transactions. An average block in Litecoin’s blockchain only takes 2.5 minutes to be processed, in comparison to Bitcoin‘s 10 minutes. Its developers claim that this helps make t...
Litecoin (LTC) Flips Bitcoin Cash (BCH) In Crypto Bear Plunge-1.25
During 2018’s earliest months, as Ethereum (ETH) surged above $1,000 in a surprising turn of events, many began to expect for the platform-centric cryptocurrency to overtake Bitcoin (BTC) — crypto’s undoubted leader — in terms of market capitalization. Charlie Lee, creator of Litecoin, a former Coinbase employee, and seeming ETH skeptic, took to his Twitter feed to defend BTC, noting that the afor...
What is Litecoin?0.72
In the world of cryptocurrency, numerous projects are competing with one another. Some are worth paying more attention to than others. It is not all that easy to build a proven track record, yet Litecoin has seemingly done so without too many problems. As such, now is a good time to recap what makes this altcoin so special.
BTCC Co-Founder Lee Hints At $333,000 Bitcoin (BTC) Prediction For 202118.62
Through a series of tweets, starting a so-called “tweetstorm,” Bobby Lee, the co-founder of BTCC and the brother of Litecoin creator Charlie Lee, hinted at an extremely bullish prediction for Bitcoin (BTC). This tweetstorm, which began on Friday, saw Lee, a long-time cryptocurrency proponent, pose optimistic hypothetical scenarios to his social media following.
Humor: Vitalik and His Hands of Steel, Buterin HODLs Through $450 Million of Losses74.67
Ethereum is getting gutted during this market downturn, losing 60 percent of its value in the last three months alone. Despite the nosedive, enigmatic Ethereum founder Vitalik Buterin has held steadfast. From all-time highs in January, Buterin has lost nearly $470 million in the value of his ETH holdings. That said, he has shown no indication of panic selling, instead displaying hands of steel.
After Pulling Stunts on Warren Buffet and Jamie Dimon, Genesis Mining – the World’s Leading Cloud Mining Company, Does It Again!12.41
Genesis Mining has made a name for itself in the crypto industry as one of the leading, and a reliable mining contracts provider. While the platform has got a strong following of crypto-miners, enthusiasts, and professionals, it is also known to take initiatives towards creating awareness about cryptocurrencies, their underlying blockchain technology, cryptocurrency mining and more. The educationa...
Litecoin Price Stabilizes Near $55 Before the Next Uptrend Materializes0.72
A lot of people had all but forgotten about Litecoin prior to the altcoin making some serious moves earlier in 2018. Although it may take a while until LTC surpasses $250 again, the current momentum isn’t half bad either. Gaining stability at the $55 level will be the first priority right now, as its rising trading volume should make that possible. The small loss over Bitcoin can become a slight c...
You Can Now Send and Receive Litecoin (LTC) on facebook Messenger using Lite.IM134.35
The team at Lite.IM, the project from Zulu Republic making Litecoin (LTC) SMS payments a reality, have just announced that users of their platform can now send and receive LTC via facebook messenger. In the twitter announcement, the team was quick to point out that LTC and Lite.IM now can be used by the over 2 Billion global users of the popular social media platform.
Bitcoin Turns 10: A Decade Of Transformation, Upheavals And Everything In Between-5.35
On this day in 2008, the world was introduced for the first time to a peer-to-peer digital currency called Bitcoin by the pseudonymous Satoshi Nakamoto. At the time, very few would have anticipated that the digital currency would gain traction, let alone revolutionize the entire financial services industry. In ten years, Bitcoin has become a household name and is inching ever closer to Nakamoto’s ...
Bitcoin Turns Ten: Today And What’s Next?15.38
Today, on October 31st, 2018 — a date that many decentralists have been clamoring for — Bitcoin, the world’s first internet-connected autonomous network, has officially reached the youthful age of 10. While Bitcoin has been lauded as a resounding success in recent years, initially, as covered in this series’ previous edition, “Bitcoin Turns 10: A Blast To The Past,” Satoshi had trouble jump starti...
Dotcom Bubble Burst May Have Been Necessary; What About Crypto?18.37
Since Bitcoin’s infant years, the cryptocurrency industry has been likened to the earliest stages of the internet’s development on a variety of platforms. This eerie comparison has only become more apparent, with a leading crypto investor recently pointing out that the long-term prospectives of this nascent space could be bolstered by the current sell-off, which has seen cryptocurrency values all ...
Monero (XMR) Becomes Bulletproof: Transaction Fees Fall By 97%0.64
After months of toiling behind the scenes, as reported by Ethereum World News, Monero (XMR) developers breathed a sigh of relief on Thursday, when the popular blockchain saw its successful upgrade to v0.13.0.0., known as “Beryllium Bullet.” While there were many technical changes that the upgrade fixed, there were two fundamental changes to the privacy-centric ecosystem that stood out to consumers...
0x (ZRX) Falls 15% After Initial Coinbase Surge, Not All Investors are Convinced10.41
When Bitcoin Cash, Ethereum, and Litecoin were listed on Coinbase, many investors saw this process as a sign for the widespread use and adoption of the aforementioned crypto assets. But, in stark contrast to Coinbase’s current listees, the recent addition of 0x (ZRX) onto the San Francisco-based platform have left many asking more questions about 0x than ever before.
Industry Leader: Bitcoin and Crypto Have Bright Futures14.39
In light of a slowing crypto market, with volumes, volatility, and retail interest seemingly disappearing altogether, industry leaders have begun to throw their weight behind this budding asset class. Most recently, CEOs of leading cryptocurrency startups, well-known commentators, and influential change-makers have made appearances on mainstream media outlets, while simultaneously taking to social...
Charlie Lee to Roger Ver: It’s Hypocrite to be Offended by the Term “Bcash” While Using the Term “Bitcoin Core”-1.29
While debating with Roger Ver, the creator of Litecoin, Charlie Lee had the opportunity to touch on the “rivalry” between the Bitcoin (BTC) and Bitcoin Cash (BCH) communities. After playing several topics – such as the importance of Lightning Network – Charlie was able to confront Roger about his way of promoting the most popular altcoin among all Bitcoin forks.
Latest Litecoin (LTC) News: Amazon Gift-cards and Planned Listing on CEX.io10.89
The cryptocurrency of Litecoin (LTC) is one of those coins that has endless potential in terms of leading the charge in crypto adoption. LTC prides itself as being a faster more efficient version of Bitcoin. This was best exemplified late last year, when the price of LTC shot to $375 last December. The reasons for the impressive gains were two. Firstly, we were in a very impressive bull market. Se...
36% of BTC in Circulation Is Lost, Making Bitcoin Technically More Scarce53.96
In new findings by two research firms – Chainalysis and Diar –  data has been made available on the reality of the amount of Bitcoin (BTC) actually available in circulation for the regular guy like you and I. According to coinmarketcap.com, the circulating supply of BTC stands at 17,296,587 at the moment of writing this. The findings go on to state that 36% of this amount is ‘lost, likely lost, or...
Yahoo Finance Brings BTC, ETH, LTC Trading Support To Mobile Phones-3.76
As reported by Ethereum World News previously, Yahoo Finance, one of the world’s most popular finance-centric sites introduced support for a native crypto trading feature. On Wednesday, the website allowed its users to trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) via Coinbase and Robinhood API integrations, without ever having to click off Yahoo Finance.
EOS, Litecoin, IOTA, Stellar Lumens, Tron Price Analysis: IOTA, Tron Shed 8%, Altcoins Risk Slipping Back To Red13.86
Even in the face of bullish expectations, altcoins bull momentum is fading out and the market is down roughly five percent from recent highs. Like their rapid gains, IOTA and Tron are leading the charge losing eight percent in the last 24 hours while others as Litecoin is likely to retest main support at $50. In any case, today will most likely determine the next course of action as laid out.
Why ICE and Starbucks’ Bakkt is Bigger News Than Bitcoin ETF27.8
In a recent interview, Litecoin founder Charlie Lee noted that although prices are “depressed,” it is an optimal time for developers to keep their heads down to focus on the maturation of this industry. And it seems that some innovators have done just that, as a multinational firm announced an exciting new development that will only bolster this industry over the long haul.
EOS, Stellar Lumens, IOTA, Litecoin, Tron Technical Analysis: Altcoins Path Back To Q4 2017 Peaks10.86
It’s a ball park seven percent gain for all altcoins under our preview. While our trade plans are live and on course, we expect further gains especially in Tron which is due to launch their virtual machine as they compete with Ethereum by end month. Others as IOTA, LTC and EOS are rising thanks to recovering Bitcoin prices and the general positive alt-coin market.
Bitcoin (BTC) Price Technical Analysis: Sentiment Shift as Shorts Exit Positions Boosting Bitcoin Prices20.86
After all, Bitcoin is on the verge of a new revival that may bolster prices and hopefully propel them above week ending Aug 12 highs-the all important level $7,200. Technically it’s a tall order gauging by the way Bitcoin buyers are struggling to build momentum that would thrust and sustain them above $7,000—a conservative buy trigger line. On the fundamental lane, sentiment is finally shifting. S...
Litecoin (LTC) Technical Analysis: Litecoin Mass Adoption a Priority, Not Price10.86
Superseding everything else is mass adoption and that is what Litecoin figure heads and Foundation is pushing for. Currently price isn’t center stage, coin demand is and for obvious reasons: the later precedes value. While we might see short term recoveries edging prices towards $70, our break out levels, news of adoption break through or announcement of strategic partnerships aside from CoinBase ...