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Litecoin LTC Mining Loans

With digital currency Bitcoin taking the spotlight in 2017, it’s hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example:.

The fourth largest digital currency by market capitalization has gone positively vertical this year, with Litecoin prices breaching $320 for the first time Tuesday. Since the start of 2017, Litecoin has risen 7,291% against bitcoin’s 1,731%. So why the rise? There doesn’t seem to be a single event—though the recent surge in interest surrounding cryptocurrencies may have pushed some investors into becoming more adventurous. Some investors may also think the price of bitcoin is overdone—and are seeking, with Coinbase adding the cryptocurrency to its listing. What is Litecoin? One of the several clone cryptocurrencies that stemmed from Bitcoin, Litecoin “forked” off the Bitcoin ledger in late 2011.

It was intended to be the silver to Bitcoin’s gold: a faster, more lightweight version of the Satoshi Nakamoto-created cryptocurrency. Instead of the approximately 10 minutes it takes for a Bitcoin transaction, a Litecoin transaction only takes 2.5 minutes.

While making transactions four times faster, Litecoin’s creator also Charlie Lee quadrupled the maximum number of coins that can be mined. While bitcoin has a total of 21 million, Litecoin totals 84 million. And the total market value of Litecoin is currently lower: $18 billion to Bitcoin’s $291 billion. It is the fourth largest cryptocurrency market behind Bitcoin, Ethereum, and Bitcoin cash. The higher number of Litecoins, meanwhile, could make it psychologically more attractive to buy small-ticket items using the cryptocurrency. “The vision is always I wanted Litecoin to complement bitcoin—not compete,” Lee said at a March Coinbase talk.

“Bitcoin can be used for like moving millions of dollars between banks, buying houses, buying cars. It’s really secure Litecoin can be used for cheaper things.” Still, Lee has kept Litecoin simple and similar in technical ways to Bitcoin so that the cryptocurrency could “merge in” Bitcoin bug fixes with minimal effort. Bitcoin has Satoshi Nakamoto. Litecoin on the other hand Has a former engineer. Lee, a less shadowy figure than the pseudonymous Nakamoto, first got involved in Bitcoin in 2011. Not long after, he launched Litecoin, though not with the intention of actually creating an alternative cryptocurrency at first.

“It was an excuse to kind of learn the Bitcoin code,” he said during a March Coinbase talk. “I decided that I can actually create an altcoin that’s better than what’s out there. And lastly it was fun to play around with what’s out there.” He got serious about Litecoin earlier this year, when he announced via Twitter plans to leave cryptocurrency exchange Coinbase during the summer. While Nakamoto is no longer vocal about Bitcoin, leading current supporters to interpret his seminal white paper, those with questions about Litecoin need only ask Lee about his vision of cryptocurrency.

So why wasn’t it a failure like so many other early altcoins? Unlike many other altcoins, when it first started, Litecoin was not too far behind Bitcoin. It first surpassed $1 billion in November 2013—about 8 months after Bitcoin. One reason why Litecoin supporters didn’t ditch the nascent coin for Bitcoin is the different mining process, requiring hardware that is more widely available. While Bitcoin mining uses the SHA-256 hashing algorithm, which requires ASIC microchip technology, Litecoin uses the Scrypt algorithm. Because Scrypt requires a larger working memory, most ASICs makers have been barred from developing a suitable technology. Instead, Litecoin is often mined on graphics cards or GPUs.

But companies such as Zeus and Flower Technology are beginning to bring ASICs aimed at Scrypt to the market. In light of this, Lee is offering Litecoin buyers a warning via Twitter. MarketWatch With the market providing strong extensions over the last several months, we had to review our shorter-term targets for the bull market which began in 2009. During this past week, almost every bounce we saw was corrective in nature, which mainly kept me viewing the market as being in a weak posture, signaling that we will likely test the 2796 level on the S&P 500(^GSPC). While it seems I may have wrongly given the bull market the benefit of the doubt last weekend, as the pullback we expected has now broken below the 2800 region support we cited last weekend, this break of support makes the much stronger immediate bullish expectation much less likely. Bloomberg U.S. Special Counsel Robert Mueller defended his authority to prosecute former Trump campaign manager Paul Manafort, and argued in court papers that Manafort improperly seeks to use a civil lawsuit to secure dismissal of his money laundering indictment.

Mueller’s prosecutors urged a judge to dismiss a civil lawsuit attacking an Oct. 27 indictment charging that Manafort, a political consultant, failed to register as an agent of the Ukrainian government and laundered millions of dollars before he worked on Donald Trump’s presidential campaign. FX Empire A lack of regulatory oversight has enabled the crypto media to report unverified news that saw the cryptomarket cap fall to just $348bn on Friday, with Bitcoin Cash’s market cap rising from Friday’s $16.91bn low to $21.5bn at the time of writing, as investor money returned to the table. At the time of writing, Bitcoin Cash was down 1.59% to $1,253.80, with cryptocurrencies having a tendency to retreat during the latter part of the weekend. The cryptocurrency weekend rally materialized, but the gains were less substantial and Bitcoin Cash’s 4.8% gain from Saturday looks at risk of unravelling.

Reuters Boeing Co must decide by the end of this week whether to take part in a multi-billion-dollar race to supply Canada with fighter jets, even as the U.S. Company's relationship with Ottawa has soured due to a trade dispute. Although a U.S. Trade commission on Jan. 26 dismissed Boeing's complaint that Canadian plane maker Bombardier was dumping airliners on the American market, it is far from certain the ruling will be enough to placate Canada. Boeing has until Feb. 9 to express an interest in taking part in the Canadian jet competition, failing which it will be excluded from the bidding process.

Motley Fool Since 1972, the stocks of companies that increased their payout each year generated a total average annual return of 9.9% while those that didn't pay one only returned about 2.4% per year, according to a study by Ned Davis Research. Global oil and gas giant Royal Dutch Shell (NYSE: RDS-A)(NYSE: RDS-B) formed Shell Midstream Partners (NYSE: SHLX) in late 2014 as a master limited partnership (MLP) to operate, develop, and acquire pipelines and other midstream infrastructure to support Shell's U.S. Since that time, Shell has slowly dropped down portions of its midstream assets to Shell Midstream Partners, which has significantly grown the company's cash flow and ability to pay distributions. Time The pilot resisted being captured and fired at the militants who then shot and killed him, according to one of the militants and Syrian monitors. The Russian Defense Ministry confirmed the downing of the Su-25 and said the pilot was killed in fighting with “terrorists.” A report on the ministry’s Zvezda TV said preliminary information indicated the plane was shot by a portable ground-to-air missile in an area under control of al-Qaida’s branch in Syria. The Britain-based Syrian Observatory for Human Rights said the plane was downed on Saturday afternoon near the rebel-held town of Sarqeb, which Syrian troops have been trying to take under the cover of Russian airstrikes. Time Former Trump campaign adviser Carter Page bragged that he was an adviser to the Kremlin in a letter obtained by TIME that raises new questions about the extent of Page’s contacts with the Russian government over the years.

The letter, dated Aug. 25, 2013, was sent by Page to an academic press during a dispute over edits to an unpublished manuscript he had submitted for publication, according to an editor who worked with Page. Page is at the center of a controversial memo from Republican Congressman Devin Nunes, released this week.