Exciting News From BTC, LTC & XRP

The markets seem to have calmed down a bit from the sudden surges we saw over the past few weeks but there’s still plenty of news to report on. Over this past week, we saw a Lightning Network developer talk about why he thinks Bitcoin will take over the world. We also saw Litecoin reach a new milestone, which we will get into later and the Coinbase/XRP conundrum which could see Ripple’s native token get kicked off Coinbase’s platform.

Lightning BTC Predictions

Following the introduction of Bitcoin ten years ago, the world of finance seemingly changed. Satoshi Nakamoto wanted to remove the power and regulations that governments had over the public money and was instead to bring that power back to the user.

The leading cryptocurrency seems to have taken a life of its own and shows so much more potential than Nakamoto could have ever imagined. Bitcoin is making a lot of noise across the globe and is even predicted to reach a value of around $1 million in the future.

One Lightning developer for the LN-based wallet solutions, Zap, can see the potential the cryptocurrencies have but on more of a global scale. After he went to China to take part in some crypto related activities, Jack Mallers realised that there is a lot more potential in Bitcoin than we think.

2/ Bitcoin is the worlds first global language. All of us don’t natively speak the same language, eat the same food, enjoy the same hobbies, but we all gravitate to projects like Bitcoin, Lightning, and Zap because they represent a better world.

— Jack Mallers (@JackMallers) March 4, 2019

Mallers noted that even though we all have different languages, backgrounds and beliefs, Bitcoin one of the things that are like a “global language”, something that everyone can understand.

Litecoins New Milestone

Exciting Litecoin news for you guys now as the Litecoin Lightning Network has recorded more than a thousand channels. According to The Merkle:

“It is pertinent for all cryptocurrencies to keep growing and evolving at all times. For Bitcoin and Litecoin, the Lightning Network is considered to be the “holy grail” of scaling and instant payments right now. While it remains to be seen if that will effectively be the case, it appears things are progressing smoothly. Litecoin still has a lot of catching up to do, but that is entirely to be expected.”

This is just further evidence that Litecoin is a popular cryptocurrency even though it experienced a sudden price crash last year. In addition to this, it’s clear that investors still think that Litecoins technology still remains as something that is both positive and adaptable to the mainstream.

One of the goals for Litecoin is to exist as a payment solution that is used in day to day life. Some people call it a ‘lite’ version of the leading cryptocurrency, Bitcoin which makes the whole idea of digital assets a little less intimidating to the average joe.

The reasoning behind Litecoin reaching this milestone is as a result of an increase in value for the digital asset. Whereas it could be a coincidence that the price surged at the same time as the channel news, the two have most likely coincided at the same times.

“It is possible this rise in value has led to more LN payment channels being created, although that is always difficult to confirm. The current 1,012 channels are operated between 161 participants, further confirming this is still a rather small-scale effort. That situation will keep changing constantly, as cryptocurrencies are always evolving.”

Coinbase/XRP

Last week we saw XRP finally get a listing on the Coinbase Pro platform but shortly after the good news was announced, rumours surfaced that Ripple’s native token may be getting removed from the platform.

Even though the listing was very positive for a lot of XRP enthusiasts as well as the team at Ripple but it didn’t seem to take long for the rest of the community to start finding a few loopholes which could still lead to the token getting removed from the platform.

When it was announced that Coinbase would be listing XRP, they said: “XRP will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York.”

In 2018, the Coinbase exchange announced that there would be a Digital Asset Framework which contains the regulations that any coin and token would have to follow in order to get listed on the exchange. The regulations state that “the ownership stake retained by the team is a minority stake. There should be a lock-up period and reasonable vesting schedule to ensure the team is economically incentivized to improve the network into the future.”

The token has been on Coinbase for a short time now so hopefully, Coinbase will let XRP off the hook just this once and let them stay on the exchange.