Today’s Cryptocurrency News: Bitcoin, Litecoin, Ethereum, Ripple, and More

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Ripple Continues To Face Resistance Despite Market Recovery (CryptoCrimson.com)
Ripple, which grew by 36,000% last year has become one of the most popular cryptocurrencies of all times because of this insane level of growth. While the currency is nowhere near the all-time high levels it had attained back when it hit the $3.78 mark, there are still a number of people who back XRP and have been actively investing into the currency. Ripple, which currently stands at the $1.14 price point, is still facing a resistance which is stalling the growth. Despite almost all other cryptocurrencies in the top 10 list getting a major momentum and surging by almost 30-40%, Ripple’s rise has been slow and steady. The currency faces a major resistance at the $1.20 level. However considering that the markets are bullish, this resistance may fall soon.

Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail (CoinTelegraph.com)
The executive director of the Bitcoin Foundation Llew Claasen predicted that the price of Bitcoin will hit $40,000 by the end of 2018, while 90% of all other cryptocurrency projects will fail, Business Insider reported Feb. 15. As Claasen stated at the Startup Grind conference which took place Feb. 12-14, this failure will be caused by investors taking too much risk investing in cryptocurrency projects which later turn out to be scams. Only a month and a half into 2018, five major Initial Coin Offering (ICO) and cryptocurrency scams have already been discovered, including the notorious case of Bitconnect.

Silent No More: Ethereum Users Spurn Recovery Code (CoinDesk.com)
The ethereum community has broken its silence over a move to better facilitate the return of funds lost on the platform. In wake of the departure of ethereum developer Yoichi Hirai, who resigned from his role supervising the software’s changes Thursday, community members have stormed Github in resounding rejection of the controversial proposal over which he left his post. In the last 24 hours, over 80 comments have been posted to the blockchain network’s official GitHub, with most stating they “do not support” or are “strongly opposed” to ethereum improvement proposal (EIP) 867, which details a method to standardize the use of system-wide software upgrades to return funds lost on the platform.

Litecoin Cash Likely a Scam – Litecoin Creator (SMNWeekly.com)
Litecoin Cash, the new altcoin that is supposed to appear after this weekend’s hard fork of the Litecoin protocol, is likely a scam and users should beware, warned in a tweet the Litecoin creator Charlie Lee. Wrote Lee: “The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!” Litecoin is the fifth-largest cryptocurrency by market cap (nearly $12.4 billion, at the time of writing this artcile). It is a decentralized token that was launched in 2011 with the idea to be faster for mining and transfering, less energy-consuming and with lower fees than Bitcoin. It also uses a different algorithm than that of Bitcoin.

LiteCoin Cash Fork Will Make Old GPU Mining Rigs Useful (TheMarketMogul.com)
Dust off your old GPU mining rigs and get them plugged in; the Litecoin Cash fork might make them a practical tool for mining cryptocurrency once again. The hard fork, which will take place when Litecoin reaches block 1371111, is expected to happen at around 02:00 GMT on Monday morning. The first fork from the Litecoin platform, the developers claim that Litecoin Cash will use the existing code to create a new and better crypto for online exchanges; compared to the 10 minute block time for Bitcoin and Bitcoin Cash, Litecoin Cash will have a block target of 2.5 minutes.

Cryptocurrency Exchange Coinbase Accused of Overcharging Users (Investopedia.com)
Coinbase, North America’s largest cryptocurrency exchange, has found itself in the eye of a growing storm after customers discovered errors in its charges. The San Francisco-based company’s Reddit forum is littered with irate customer complaints. In one instance, one of the exchange’s users claimed he was had 50 duplicate charges that amounted to a total of $67,000. In another, a customer was allegedly overcharged 17 times to tune of $1,000 each.







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