• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Monday, July 4, 2022
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Litecoin

Litecoin Goes On A Rally After Bake Bitcoin Lite Rebranding: Report

April 2, 2021
in Litecoin
Reading Time: 3 mins read
0
litecoin goes on a rally
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


Litecoin goes on a rally after a Bitcoin Lite rebranding emerged on the market by creator Charlie Lee who made a fake announcement on Twitter to mark April Fools day as we can see more in our latest Litecoin news.

Lee announced on Twitter claimed that Litecoin will be rebranded to BitcoinLite as it was intended by Satoshi Nakamoto. Lee posted a new version of the BTC whitepaper outlining the letters LITE and a link to Litecoin’s Foundation website renamed as BitcoinLite Foundation. The homepage read “Just Like Bitcoin” but saying that this site is 4 times “more scalable than bitcoin” with higher transaction fees and a supply of 84 million coins. It also offered a BitcoinLite wallet with the website containing the message:

“After several hard-fought, intense back and forth discussions within the Litecoin community, it was decided that Litecoin will undergo a rejuvenating marketing campaign — Litecoin will be rebranding itself to “BitcoinLite”.”

Litecoin is rebranding to BitcoinLite!https://t.co/ScDeF3hf97

BitcoinLite as Satoshi Nakamoto intended.#BitcoinLITE #BitcoinLiteFAM pic.twitter.com/oEaPS0yhtV

— Charlie Lee [LTC⚡] (@SatoshiLite) April 1, 2021

The reason behind the rebranding was the chance to capture new investors that were confused by different forks of Bitcoin with the investors believe that each of these versions is the “real BTC.” The foundation could gain even more followers that were “previously missing.”The page outlined a fake roadmap that starts with the takeover of the BTC domain and the information regarding this cryptocurrency to BTCLite information. The publication made some real observations about Litecoin and outlined some of the features in what members of the community called a publicity stunt:

“Community donations will be much appreciated to help achieve this task, as Litecoin unfortunately did not have an ICO launch to help pay for everything (…). It’s been a wild ride getting here, but we’re so glad to finally have reached this point (…) April 1st marks the beginning of a fresh, brand-new quarter and so far, we’re starting it off with a kick.”

LTC on a rally in the 24-hour chart. Source LTCUSDT Tradingview

After the fake announcement, Litecoin goes on a rally and it is one of the top gainers in the past 24-hours after Filecoin that increased 27%, and UNI that increased 6.3%. LTC is now trading at $203 with 14.9% gains in the past week. MimbleWimble was also completed by lead developer David Burkett with the protocol intended to bring more privacy scalability features to the blockchain but the price hasn’t really benefited from the news.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]





Source link

Related articles

Litecoin aims to hold $40 support and stop further decline

Litecoin aims to hold $40 support and stop further decline

June 19, 2022
Elliptic Announced Support For MimbleWimble Privacy Feature

Binance Ended Support For Anonymous LTC Transactions

June 13, 2022
Share2Tweet1ShareSend

Related Posts

Litecoin aims to hold $40 support and stop further decline

Litecoin aims to hold $40 support and stop further decline

June 19, 2022
0

Before the crypto market crashed early in the week, Litecoin was perhaps one coin that had shown a lot...

Elliptic Announced Support For MimbleWimble Privacy Feature

Binance Ended Support For Anonymous LTC Transactions

June 13, 2022
0

Binance ended support for anonymous LTC transactions after the MimbleWimble upgrade which makes the transactions confidential at a time...

Litecoin’s 10-Year Anniversary Marked With LTC Hitting All-Time Low

More Crypto Exchanges Delist Litecoin Over Privacy Concerns

June 9, 2022
0

More crypto exchanges in South Korea delist Litecoin over privacy concerns that were recently added to the protocol so...

Major Exchanges In South Korea Delist Litecoin: Report

Major Exchanges In South Korea Delist Litecoin: Report

June 8, 2022
0

Major exchanges in South Korea delisted Litecoin after the regulations started asking for strict KYC and AML guidelines so...

Elliptic Announced Support For MimbleWimble Privacy Feature

Elliptic Announced Support For MimbleWimble Privacy Feature

May 28, 2022
0

Elliptic announced support for the MimbleWimble privacy feature, saying that it doesn’t aim to trace confidential LTC transactions so...

Load More
  • Trending
  • Comments
  • Latest
cryptology

Cryptology Launches Passive Income Product | NewsBTC

September 15, 2021
US Senator Lummis Buys More Bitcoin, Seeing BTC as 'Excellent Store of Value'

US Senator Lummis Buys More Bitcoin, Sees BTC as ‘Excellent Store of Value’ – Featured Bitcoin News

October 9, 2021
Bank of America Executive Sees Crypto as Asset Class: 'I Don't View It as Competition at All'

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’ – Featured Bitcoin News

November 7, 2021
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US – Bitcoin News

September 24, 2021
Web3 Delight Lagos - Breaking barriers to pave the way for the digital future | NewsBTC

Web3 Delight Lagos – Breaking barriers to pave the way for the digital future | NewsBTC

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
Web3 Delight Lagos - Breaking barriers to pave the way for the digital future | NewsBTC

Web3 Delight Lagos – Breaking barriers to pave the way for the digital future | NewsBTC

July 4, 2022
Bitcoin.com News

Bitcoin.com News

July 4, 2022
MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

July 4, 2022
Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

July 4, 2022

Recommended

YorkBTC Review | Pros and Cons Uncovered | Verified Reviews

October 21, 2021
Billionaire Orlando Bravo Owns Bitcoin, Says 'It Will Increase Significantly, I’m Very Bullish'

Billionaire Orlando Bravo Owns Bitcoin, Says ‘It Will Increase Significantly, I’m Very Bullish’ – News Bitcoin News

September 30, 2021
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra's UST as Safe

Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’ – Bitcoin News

June 13, 2022
Coinbase Abandons Plan to Launch Lend Program After SEC Threatens Lawsuit

Coinbase Abandons Plan to Launch Lend Program After SEC Threatens Lawsuit – Exchanges Bitcoin News

September 21, 2021

Recent News

Web3 Delight Lagos - Breaking barriers to pave the way for the digital future | NewsBTC

Web3 Delight Lagos – Breaking barriers to pave the way for the digital future | NewsBTC

July 4, 2022
Bitcoin.com News

Bitcoin.com News

July 4, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.