New Algorithm predicts the Price of Bitcoin

Written by Mr. Q on . Posted in Bitcoin

From zmescience.com | A team at MIT has developed a prediction algorithm that allows them to determine when the price of the infamous volatile cryptocurrency, Bitcoin, will drop or rise. Using this method, the researchers managed to double their initial investment in 50 days, all through an automated process that involved more than 2,800 transactions. Since the last year or so, Bitcoin has exploded on the market sitting today at nearly ten times the price it was valued only 2 years ago. Many early investors who believed in the currency and locked their investment have now become wealthy, yet because there are few places you can actually use Bitcoins, the currency is mostly regarded as a commodity.

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Cryptocurrencies are making headway in emerging markets

Written by Mr. Q on . Posted in Bitcoin, Crypto-Currencies

From Stockhouse | (…) Cryptocurrencies are making headway in emerging economic regions such as Central American, Africa and Russia, allowing Bitcoin holders a method to quickly and securely transfer money without the need of a bank. This is especially important if you consider that 326 million Africans are deprived of banking services and according to a World Bank Report transfer approximately US$32 billion per year to their families. It is also believed that using the cryptocurrency model, countries like Argentina, Venezuala and India would be able to cope with the devaluation of their respective national currencies.

Paypal is going to accept Litecoin

Written by Mr. Q on . Posted in Bitcoin, Litecoin

From CCN |

PayPal’s Senior Director of Corporate Strategy, Scott Ellison, explained in an announcement yesterday:

“PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That’s why we’re proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop.”

Litecoin might be the solution for Dogecoin

Written by Mr. Q on . Posted in Dogecoin, Litecoin

From CT: Merged-Mining Deal | Dogecoin has fallen from the early, heady days when no one really cared about the sustainability of the coin and everyone was riding their shibes to the moon. Today, Dogecoin is facing a whole host of problems, but perhaps the biggest of them was just solved. Dogecoin was facing the possibility of a 51 % attack. The coin is rapidly lowering it reward rate for miners. That obviously is resulting in fewer miners which means a lower hash rate and a less secure network. The coin’s community has decided to go forward with merged mining.

These businesses accept Litecoin

Written by Mr. Q on . Posted in Litecoin

litecoin acceptedLitecoin is the second most valued digital currency on the market, only being bested by bitcoin. However, litecoin is not just a knock-off to the world’s first digital coin. It was intended by its developers to improve on the structure set forth by bitcoin.

The main two differences that separates litecoin from bitcoin:

1) Litecoin processes a block every two and a half minutes, while bitcoin processes a block every 10 minutes.

2) Litecoin will total 84 million coins, unlike bitcoin’s cap of 21 million.

The digital currency continues to catch individuals and business owners by storm, as more businesses are accepting it as a form of payment.

CoinReport has compiled a list of the Top 5 businesses that have begun implementing Litecoin into their finances.

Top 5 Businesses that Welcome Litecoin Payments

5. Ellenet

IT solutions provider, Ellenet, is the first Australian firm to accept both bitcoin and litecoin. The service specializes in film and multimedia production. The decision to welcome litecoin payments was made by the Australian company’s director, Estelle Asmodelle.

Read more @ Coinreport

Satoshihype: A Bitcoin miracle or too good to be true?

Written by Mr. Q on . Posted in Bitcoin

SatoshihypeThere is a new website, Called Satoshihype, that promises 44% profit on your bitcoin deposit in 2 days. It sounds like a great deal of course, but is it really possible? Is Satoshihype real Bitcoin magic, as they say, or is just it another scam? Litecoinblog.org will try to find out if this Satoshi hype is genuine or not. We used 0.05 BTC that we have earned with advertizement on our blog to try Satoshihype.com. New updates.

Litecoin emerges as low-price challenger

Written by Mr. Q on . Posted in Litecoin

LitecoinFrom Stltoday.com | Make way, bitcoin: A competing digital currency is angling for the spotlight. Merchants and investors are taking notice of litecoin, pitched by its developers as cheaper to generate, more plentiful and easier to use for small transactions than bitcoin. While prices for both have slid since a surge late last year, litecoin’s remains about 490 percent higher than six months ago, compared with about 140 percent for bitcoin. Daily litecoin transactions also have climbed faster.

Charlie Lee wants Litecoin and Dogecoin to co-operate

Written by Mr. Q on . Posted in Dogecoin, Litecoin

From Cryptocoinsnews | Charlie Lee, creator of Litecoin, publicly disclosed communication from him to Jackson Palmer, the co-creator of Dogecoin.  In the message, Lee makes the case for merged mining of Litecoin and Dogecoin. “Its unfortunate the dogecoin kept the same mining algorithm as litecoin,” Lee states, ” as we are now competing for miners.”

Charlie Lee goes on, “What do you think? I would love to see a world where litecoin and dogecoin both thrive and work together instead of competing for miners.” I asked Jackson Palmer via Twitter what he thought about the prospect, he replied, “Still gathering my thoughts on that one – expect a post from me in the coming week(s).”

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Will Dogecoin be the next Bitcoin?

Written by Mr. Q on . Posted in Dogecoin

Dogecoin logoFrom Dailyfinance.com | There’s a new cryptocurrency on the virtual block called Dogecoin, with a cute Japanese dog for a logo. But while its Shiba Inu mascot is almost too adorable to take seriously — and the currency itself started as a joke four months ago — Dogecoin (pronounced DOHJ-coin) is now looking to challenge bitcoin and become a legitimate, widely accepted method for buying things online.

Having a cheerful, over-the-top dog meme as its mascot shouldn’t cause people to take it less seriously as money, says Ben Doernberg, a volunteer on the board of directors of the Dogecoin Foundation, a nonprofit organization that started in December 2013. Alexander Hamilton, Abe Lincoln and George Washington are portrayed on our currency looking stern and sober for a reason: To instill confidence that those bills and coins will have value for years to come.

Charlie Lee about Litecoin and Crypto’s

Written by Mr. Q on . Posted in Crypto-Currencies, Litecoin

From Coindesk | The idea that every cryptocurrency has a place in the ecosystem is a bullish view. Of late there has been much speculation that fragmentation could become a big problem. However, on the flipside many altcoins each specializing in one specific form or function may present a huge opportunity for the industry.

Lee says people see litecoin, for example, as the auxiliary currency for bitcoin: ”People view litecoin kind of as a backup to bitcoin. If bitcoin dies, there’s litecoin,” he said.

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