Quarkcoin is a relatively new crypto-currency that allows online coin transactions. Quarkcoin is totally going for the security as Unique Selling Point and it seems to pay out. Quarkcoin (also know as Quark) uses 9 rounds of secure hashing from 6 different algorithms. Quarkcoin is now the 4th largest crypto-currency worldwide. Litecoin is still in second place, after Bitcoin.
From Zero Hedge & ECreditdaily | If you can’t beat ‘em, join ‘em, copy ‘em, and then beat ‘em. While everyone’s attention has been glued to Bitcoin (and its various smaller and less viable for now alternative digital currencies), JPMorgan has submitted a patent which appears to set the scene for a competing centralized network to Bitcoin. As LetsTalkBitcoin noted first, the “Method and system for processing internet payments using the electronic funds transfer network,” states that Chase’s technology is a “new paradigm.” Moreover that it permits the creation of “virtual cash” (also referred to as “web cash”) with a “real-time digital exchange of value.”
From USAToday | Two major financial players, China’s central bank and the Bank of America, weighed in Thursday on opposite sides on the viability of the wildly popular virtual currency Bitcoin. The price of a Bitcoin fell below $1,000 after China’s central bank banned financial institutions from trading the emerging currency, while Bank of America Merrill Lynch, in its first research report on Bitcoin, said the currency has potential to become a “major means” of payment.
From Ibtimes.co.uk | IBTimes UK has spoken with lawyers, security experts, the Financial Conduct Authority and the National Crime Agency (NCA) to try and understand where these decentralised crypto-currencies stand in the eyes of the law. As multi-million-dollar bitcoin thefts are occurring on a regular basis, the law-makers are scrambling to work out what these currencies are, and how users can keep their money safe.
Litecoin is currently trading around $50,-. Market Cap is more than $1,1 Billion at the moment. Chart from Coinmarketcap.com
Business Insider about Litecoin! | At more than $900, the price of Bitcoin is now so great that it threatens to shut out some mainstream users. You may be wondering whether there were ever any mainstream users in the first place. But Charlie Lee, a former Googler and MIT grad, recognized such an audience did exist. In 2011, two years after the birth of Bitcoin, the former Googler and MIT grad decided to create a version of Bitcoin that would make it more accessible.
Litecoin seems to be going mainstream these last couple of days. Skyrocketing to almost $30,-. The Litecoin mania has begun.
Bitcoin’s Market Cap have reached $10 Billion on the 23rd of November. To see this amount of money in perspective: it’s about the same figure as the United States have spend to save General Motors from bankruptcy. If Bitcoin was a company, it would have now been upgraded from a mid-cap to a large-cap. At the moment, Bitcoin is trading $845,- @ Mt. Gox. There is now a total Bitcoin supply of more than 12 million BTC. Litecoin’s current Market Cap is now $255 million.
From WSJ | A “cryptocurrency” craze has spawned more than 80 entrants, from peercoin and namecoin, to worldcoin and hobonickels. In October and November alone, developers launched gridcoin, fireflycoin and zeuscoin. Bbqcoin has enjoyed a renaissance after a false start in 2012. Litecoin, launched in 2011, has turned into the strongest bitcoin alternative.
Litecoin is strongest alternative to Bitcoin
Litecoin has emerged as the strongest alternative to bitcoin, with a market capitalization of about $176.8 million as of late afternoon Wednesday, according to coinmarketcap.com, which tracks the market capitalizations of virtual currencies.Litecoin is designed to process transactions four times faster than the bitcoin network while sacrificing some efficiency in the mining process, said litecoin creator Charlie Lee, who is now a software engineer at Coinbase Inc., a startup that seeks to make it easier for merchants to take bitcoin.
While Litecoin’s price exploded this week, lots of new investors and other interested people were waiting to enter the market. Unfortunately, they stumbled upon one big problem: they were unable to get their hands on some Litecoin and therefore couldn’t enter the fuzz.. We all know that getting money into BTC-e.com for example is almost impossible and local Litecoin vendors ran out of LTC within a split second. So, what will be your best chance to get your hands on some Litecoin? It’s good to see that the Local Litecoin business is starting, but it’s still relatively small.