Tag: Litecoin (LTC)

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Crypto News

Dash (DASH), Bitcoin Cash (BCH), and Litecoin (LTC) Updated To Tackle the DoS Vulnerability Addressed by the New Bitcoin Core

Dash (DASH) team announced the launch of the new Dash Core 0.12.3.3 to tackle the Denial of Service (DoS) vulnerability addressed Tuesday by the new Bitcoin Core version. Besides Dash (DASH), the teams responsible for Bitcoin Cash (BCH) and Litecoin (LTC) were the first to announce the updates of their software clients and are urging the respective communities of miners to install them as soon as possible.

Dash (DASH) launched Dash Core 0.12.3.3 update

In the case of Dash, the announcement of the update to Dash Core 0.12.3.3, released this Wednesday, notes that it is “correction of a critical bug in the Dash Core 0.12.3.x release series” and explains that the update is related to the Bitcoin Core vulnerability, recently discovered and resolved this Tuesday with the announcement of a new release.

“A major vulnerability was recently discovered in the Bitcoin Core code base that can cause a node that receives a specially forged block with double-spending transactions to crash,” says on the Dash Forum.

Bitcoin Cash (BCH) also updated to tackle the DoS vulnerability

Bitcoin Cash (BCH) client software team, Bitcoin ABC, notified on Tuesday through its Twitter account, soon after the new Bitcoin Core update, that a new version of Bitcoin ABC will be available, correcting “an error” they did not specify.

Most probably, the mysterious “error” they were talking about was also related to the security flaw discovered by Bitcoin (BTC) community of devs and tackled with the Bitcoin Core 0.16.3 version.

Litecoin (LTC) 0.16.3 launched soon after Bitcoin Core

In the case of Litecoin (LTC), it was not necessary to clarify that the new version of its client, published shortly before midnight on Tuesday, was due to the DoS vulnerability discovered in Bitcoin Core, already corrected in the latest version of it.

Litecoin’s development team uses the same terminology in its versions as the Bitcoin Core.

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Crypto News

BlockFuse Launches CoinMesh To Facilitate DApps Development On Bitcoin (BTC) And Litecoin (LTC) Blockchains

BlockFuse, a project dedicated to the development of decentralized applications based on the blockchain, has announced the launch of its new tool, CoinMesh, which specializes in the integrated development of applications in the Bitcoin (BTC) and Litecoin (LTC) networks. The instrument is an open source platform dedicated to the automation of the nodes of both blockchains, as well as providing layers of adaptation to interact with data from Bitcoin and Litecoin networks with greater ease.

CoinMesh is an integrated development environment (IDE) that provides different levels of infrastructure for the constitution of a DApp project in a straightforward manner. In this way, the company aims to facilitate the work of developers, since the constitution of decentralized applications in these networks is difficult and there is very little knowledge about it.

BlockFuse says it has developed a platform that will help the interaction of a product with the blockchain, providing automated data sources and adapters for the creation of a DApp.

BlockFuse’s CoinMesh platform for DApps development on Bitcoin (BTC) and Litecoin (LTC) blockchains is in its Alpha stage

The platform provides available client support, including Bitcoind, Litecoind and Lightning Labs, so that developers can connect directly to the blockchains’ databases without having to create a link from scratch.

“CoinMesh automates the Data Source and Adapter layers in minutes. In this way, developers can go directly to the creation, iteration, and validation of their projects instantly,” stated BlockFuse.

At the moment, CoinMesh is in the Alpha stage and only recognizes JavaScript language. However, the BlockFuse team hopes that new components will soon be added to the tool for large-scale operation. Currently, the applications and development tools specialized in Bitcoin (BTC) have experienced a wave of interest.

In this sense, BlockFuse considers that the recent popularity of decentralized applications (DApps) is because these tools constitute “the branches of cryptocurrency economy,” which is why their development is vital for the ecosystem.

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Crypto News

This Is How TokenPay And Litecoin (LTC) Foundation Will End Up With Their Own German Bank

Charlie Lee, the founder of Litecoin (LTC), tweeted with Derek Capo, the CEO of TokenPay in April. The discussion soon turned into a friendly exchange of private messages, where the two cryptos enthusiasts found out they had a common concern: the banking system.

Both the Litecoin Foundation and TokenPay have encountered challenges in ensuring bank accounts security, a longstanding situation for the industry.

“Some banks close bank accounts if they have anything to do with cryptos. We saw many competitors with similar offers being cut off because they didn’t own the bank and didn’t have control,” explained Derek Capo from TokenPay.

“Why don’t we talk about having a Litecoin (LTC) debit card, so you have a real solution? Because, you know, they’ve worked so hard to get a Litecoin (LTC) debit card, I said, why don’t we talk?” recalls Charlie Lee.

The Litecoin Foundation thus acquired a 9.9 percent interest in WEG Bank AG, a previously shady German banking institution.

But the Litecoin (LTC) Foundation did not invest money in this move

TokenPay first purchased the shares and made them available to the nonprofit in exchange for technical support in the future. TokenPay also purchased another 9.9 percent (the highest permissible in Germany with no prior approval from the regulatory authorities) from WEG and is now seeking the green light to acquire 80 percent more.

If everything proceeds as scheduled, TokenPay and the Litecoin Foundation will not only have a trusted banking associate but will also transform WEG into a hotspot for customers worldwide who would like to trade fiat for crypto coins or purchase goods and services with cryptos.

Over time, after dealing with Litecoin (LTC) debit cards and cryptocurrency payment processing, both Derek Capo from TokenPay and Charlie Lee from Litecoin Foundation plan to embed banking services into the eFin decentralized cryptocurrency exchange owned by the TokenPay group.

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Crypto News

Litecoin (LTC) Founder, Charlie Lee, Commented The Recent Bithumb Hack – “Bitcoin (BTC) Is Performing Very Well”

The theft of $31 million in cryptocurrencies from the Bithumb cryptocurrency exchange platform was announced last Tuesday. Recently, Charlie Lee, the founder of Litecoin (LTC) which at this moment is the sixth largest cryptocurrency in the world by market cap, said that incidents like this should not affect the price of Bitcoin (BTC) in the same way that a bank robbery does not change the price of gold, as he exampled.

“It’s like a bank being robbed and stealing the gold, does that affect the price of gold? It shouldn’t. The same with Bitcoin (BTC) – if the exchange doesn’t protect your coins well enough and is hacked, it doesn’t really change the fundamentals of the currency in question,” affirmed Charlie Lee in an interview with CNBC.

The programmer pointed out that cryptocurrencies not only challenge the concept of money but also require a reassessment of the way in which savings are usually protected, which is “much better than traditional finance.” While we now depend on banks to protect our money, digital currencies allow each one to be responsible for his or her own wealth, according to Lee.

Bitcoin (BTC) is performing “very well despite its decline,” thinks Charlie Lee, the founder of Litecoin (LTC)

The founder of Litecoin (LTC) argued that Bitcoin (BTC) is performing very well even though it is declining right now. Lee also noted that its network has become progressively stronger and more resilient.

According to Charlie Lee, the market price of a cryptocurrency does not reflect the real achievements for that cryptocurrency. The truth is that the cryptocurrencies market is going through a bearish period that is not known how long it will last.

“I have been in this world for seven or eight years and have seen that bear markets can last for three to four years. So, this stage could be extended for three or four years, or it could be recovered tomorrow,” said the founder of Litecoin (LTC), Charlie Lee.

However, technological advances in the crypto-verse suggest that the trend could be reversed “relatively soon,” Lee concluded.

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Crypto

Litecoin (LTC), Bitcoin Cash (BCH), And DASH Accepted On CheapAir Flight And Accomodation Booking Platform

In response to clients’ demands, the travel and tourism agency CheapAir chose to broaden its payment methods with cryptocurrency by accepting Litecoin (LTC), Bitcoin Cash (BCH), and DASH, in addition to Bitcoin (BTC), for flight and accommodation bookings.

The announcement was published on the company’s website on May 23rd. The report clarifies that the top 3 most popular altcoins among CheapAir’s clients for the past half year have been incorporated into the service, thus becoming part of the few travel agencies that support cryptocurrency payments.

In addition, adding these cryptos as payment methods might also ensure cheaper fees and faster transactions. On the subject, CheapAir CEO Jeff Klee noted that the incorporation of these currencies has been a fairly straightforward process, given the prior experience with Bitcoin (BTC) payments which has been introduced by CheapAir in 2013.

CheapAir travel agency introduced Litecoin (LTC), Bitcoin Cash (BCH), and DASH cryptocurrency payments

The Litecoin (LTC), Bitcoin Cash (BCH), and DASH cryptocurrency payments started to be analyzed by the company in April when the Bitcoin (BTC) payment service became problematic as Coinbase’s suspended its custody services.

After that, the CEO of CheapAir, Jeff Klee, enquired with clients about their inclination to use BIP70 portfolios in order to be able to use the BitPay platform, as well as to begin to trial cryptocurrency payments with Litecoin (LTC), Bitcoin Cash (BCH), and DASH.

CheapAir, headquartered in the United States, is a part of a rapidly increasing group of travel agencies that welcome cryptocurrency payments. These agencies, to date, include TapJets, Destinia, Expedia, Travelforcoins, Abitsky, and BTCtrip, but the majority of these are only accepting Bitcoin (BTC).

The single exception is BTCtrip which also accepts payments in Litecoin (LTC) and Dogecoin (DOGE).

In short, from now on, CheapAir trave agency introduced cryptocurrency payments in Litecoin (LTC), Bitcoin Cash (BCH), and DASH.

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