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Cryptocurrency News Today: ECO, Casa, YouToken, Bitcoin, Litecoin, Ethereum, Ripple, and More

Uber Co-founder Garrett Camp is Launching a Cryptocurrency (CryptoSlate.com)
Uber co-founder, Garrett Camp, has announced that he is planning to introduce a new cryptocurrency called ECO into the global trading market later this year. ECO is being designed to serve as a digital currency that will be usable all across the world for daily transaction purposes. This news comes straight after it was reported that Garrett had taken some time off from his work duties, and had gone on a trip to Africa to do some “soul-searching”. However, in the past few months, he has sketched out a blueprint for a new digital currency that will hopefully fix some of the issues that are being faced by established crypto players like Ethereum and Bitcoin.

Bitcoin Thieves Beware: Super Secure Wallet-Maker Casa Raises $2 Million (Forbes.com)
Casa, a six-month-old startup that helps consumers securely store cryptocurrencies, has launched its first product and raised $2.1 million in new investment. Venture capital firms Lerer Hippeau, Compound and Boost VC participated in the financing round. Founder and CEO Jeremy Welch says Casa is “premium hodl software,” using the crypto community’s preferred term for buy-and-hold investing. Targeted at people who own from $400,000 to $10 million in crypto assets, Casa is a digital wallet that requires users to electronically sign three different devices to move assets.

Pixabay/Public Domain

Pixabay/Public Domain

New Litecoin Core Upgrade Lowers Minimum Transaction Fees On the Network (FinanceMagnates.com)
Towing a solid line as the fifth-largest coin in the world in terms of market cap, Litecoin has announced the release of Litecoin Core v0.15.1. The announcement comes just a few days after the Bitcoin Core development team released Bitcoin Core v0.16.0. While the new Litecoin Core (an optional update) is very similar to the previous version, there are several updates designed to improve block discovery and node resources. Perhaps most significant is the lowering of minimum transaction fees on the Litecoin network to 0.01 lites per kB (0.00001 LTC). The minimum is slated to drop even further in the next release.

New Ethereum Based YouToken Platform Attempts to Change the Blockchain Crowdfunding Market (PR.com)
New York, NY, March 02, 2018 –(PR.com)– YouToken and their unique platform that “allows people to convert human intelligence into a financial asset” seeks to shake up the blockchain crowdfunding market in 2018. The startup is now in the midst of their first pre-sale/proof-of-concept stage which is coming to an end on March 15, 2018. During this stage, users who purchase any amount of YTN receive a 30% “pre-sale bonus.” Currently, the price of YTN sits at $0.10. Yet, YouToken has certain expectations in regards to their marketplace launch and the acquisition of quality entrepreneurs and investors. Using these estimates, YouToken predicts the price of YTN to increase to $0.15 by the time the platform hits their DAICO stage in May of 2018.

Liechtenstein Bank Opens Up Cryptocurrency Investment for Clients (CoinDesk.com)
A Liechtenstein-based family bank has become one of the first banks in the world that allows clients to directly invest in cryptocurrencies. Making the announcement earlier this week, Bank Frick said that the first batch of cryptocurrencies to be available for trading will include bitcoin, bitcoin cash, litecoin, Ripple and ether. The bank said it is targeting institutional and high-value private clients, who can buy in with euros, U.S. dollars and Swiss francs. The crypto assets under the bank’s custody, the announcement says, will be stored in cold wallets – a security measure that keeps private keys to the cryptocurrencies offline and away from potential hackers. Trading activities through the bank’s platform will also be carried out in compliance with know-your-customer procedures required under Liechtenstein and European (EU/EEA) law.

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