Here’s a quick look at some of the stories breaking in the world of crypto.
Litecoin and Tron
In a recent tweet, Litecoin’s Charlie Lee compared Tron’s purchase of BitTorrent to new media (AOL) buying old media (Time Warner).
For some reason, this reminds me of the time when AOL bought Time Warner. 🤔 https://t.co/9MIjKXnTA8
— Charlie Lee [LTC⚡] (@SatoshiLite) June 20, 2018
Lee added that “AOL buying TimeWarner at the height of the internet bubble was very smart for AOL. They used their bubble valuation to purchase something that had a solid business model. It was also new media buying up old media. That’s the parallel I see. So not hating on Tron.”
So far Tron and its founder Justin Sun have remained quiet on the potential use cases for the BitTorrent platform.
Meanwhile, Tron’s token swap is imminent, and Cryptopia just announced it will support the process.
Charlie Lee also released the full schedule of the upcoming Global Litecoin Summit in San Francisco where RSK Labs, Lightning Labs and the Litecoin Team will host a panel of crypto pros who will speak about the future of Litecoin.
EOS block producers have frozen seven accounts.
The action was a unanimous decision by the 21 block producers as the seven accounts were suspected of carrying stolen funds. The move is igniting a debate on positives and negatives of immutability of blockchain.
At 09:56 UTC (1 hour ago) we had an alert with transactions frozen on the EOS network globally. All the BPs are aware. We are all on a call with the other BPs to identify and resolve this issue. No timelines yet. #eosio #mainnet
— EOS Authority (@EOSauthority) June 16, 2018
Dogecoin and Bitcoin Cash
Recent data from Bitinfocharts shows that Dogecoin transactions are outpacing Bitcoin Cash by as much as 300%.
June 15 shows 38,391 Dogecoin transactions compared to 12,739 transactions for Bitcoin Cash.
Ethereum, Litecoin, Bitcoin Cash and Stellar
Paxos, a regulated trust that uses blockchain technology for trading digital assets and making instantaneous payments, has added Ethereum, Litecoin, Bitcoin Cash And Stellar.
Its cryptocurrency exchange itBit got the green light from the New York Department of Financial Services, making it the first time that New York regulators have approved Stellar on any virtual asset exchange.