Companies ride the blockchain bandwagon
In the last week or so the press has been saturated with various stories of companies changing their names, doing so in a strange attempt to cash in on the current craze surrounding crypto and blockchain technology.
One of the companies in question has actually changed its name from Long Island Ice Tea Corp to The Long Island Blockchain corporation. Bizarrely, simply a change in name for this company saw it experience a massive 423% growth in its share prices. Long Island have not demonstrated any solid evidence that their business is headed towards a more Blockchain focused futures so the only influential factor here is literally just the change in name.
Litecoin Founder Charlie Lee says goodbye to his last bit of Litecoin
Due to what Charlie Lee has called a “conflict of interest, Charlie Lee has sold off all his remaining Litecoin. Charlie Lee founded Litecoin in 2011 and has spent the last few days getting rid of every last bit of Litecoin that he has ever claimed ownership of. The only remaining Litecoin on his possession are a few physical Litecoin which he is keeping as “collectibles”.
Charlie Lee has spoken about how he is occasionally accused of promoting Litecoin on his Twitter for his “personal benefit” as a Litecoin owner.
SEC Gets Tough On Crypto
Former Chairman of the SEC, Harvey Pitt, has commented on the fact that some serious regulatory responses are coming next year for cryptocurrencies across the board; “There is activity on the horizon”. The recent crackdown on questionable cryptocurrencies will continue to feature as a task on the SECs list.
Harvey Pitt has spoke about the a large problem in a lot of cryptocurrency investments, which is the lack of education behind speculative Bitcoin or other Altcoin fanatics. Investments not backed by knowledge of the market are known to be a large sum of total investments made in cryptocurrency.
Altcoin reach record highs before plummeting
One can only speculate as to what caused the radical rise and fall in value across all cryptocurrencies in the past week. It could have something to do with the aforementioned Charlie Lee selling all of his Litecoin, or perhaps it was the recent controversy surrounding Bitcoin Cash. On the other hand, the entrance of a second futures market may have been an influential factor in the markets current extreme volatility. #crypto bullish flag #crash crypto game #bitcoin blackrock #bitcoins heute
Altcoins This Week: SEC Gets Tough on Crypto, Litecoin Founder Sells His Litecoins and More! [GxS_RtnUAVW]
Companies ride the blockchain bandwagon
In the last week or so the press has been saturated with various stories of companies changing their names, doing so in a strange attempt to cash in on the current craze surrounding crypto and blockchain technology.
One of the companies in question has actually changed its name from Long Island Ice Tea Corp to The Long Island Blockchain corporation. Bizarrely, simply a change in name for this company saw it experience a massive 423% growth in its share prices. Long Island have not demonstrated any solid evidence that their business is headed towards a more Blockchain focused futures so the only influential factor here is literally just the change in name.
Litecoin Founder Charlie Lee says goodbye to his last bit of Litecoin
Due to what Charlie Lee has called a “conflict of interest, Charlie Lee has sold off all his remaining Litecoin. Charlie Lee founded Litecoin in 2011 and has spent the last few days getting rid of every last bit of Litecoin that he has ever claimed ownership of. The only remaining Litecoin on his possession are a few physical Litecoin which he is keeping as “collectibles”.
Charlie Lee has spoken about how he is occasionally accused of promoting Litecoin on his Twitter for his “personal benefit” as a Litecoin owner.
SEC Gets Tough On Crypto
Former Chairman of the SEC, Harvey Pitt, has commented on the fact that some serious regulatory responses are coming next year for cryptocurrencies across the board; “There is activity on the horizon”. The recent crackdown on questionable cryptocurrencies will continue to feature as a task on the SECs list.
Harvey Pitt has spoke about the a large problem in a lot of cryptocurrency investments, which is the lack of education behind speculative Bitcoin or other Altcoin fanatics. Investments not backed by knowledge of the market are known to be a large sum of total investments made in cryptocurrency.
Altcoin reach record highs before plummeting
One can only speculate as to what caused the radical rise and fall in value across all cryptocurrencies in the past week. It could have something to do with the aforementioned Charlie Lee selling all of his Litecoin, or perhaps it was the recent controversy surrounding Bitcoin Cash. On the other hand, the entrance of a second futures market may have been an influential factor in the markets current extreme volatility. #crypto bullish flag #crash crypto game #bitcoin blackrock #bitcoins heute