Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Winklevoss Twins' Gemini Exchange Is Now Approved For Litecoin Trading
What happened?
Gemini's vice president of engineering, Eric Winer, informs Gemini traders that they can begin depositing Litecoin into their exchange accounts as of 9:30 am EDT Saturday, Oct. 13. Litecoin trading will reportedly go live Tuesday, Oct. 16 at 9:30 am EDT.
How would that work?
The coin is set to be the fourth crypto supported on the platform, alongside Bitcoin, Ethereum, and Zcash. Consequently, LTC trading pairs will be available against all three cryptos, as well as against the U.S. dollar. Get more details here.
TRON CEO Claims Today's Update Will Make It '200x Faster' Than Ethereum And Asked The Community To Guess Their "Industry Giant" Valued At "$10s Of Billions" Partner's Name
What is this all about?
TRON's TRX CEO Justin Sun's tweets have made crypto headlines this month twice: on Oct. 8, Sun claimed the TRON token's forthcoming update would see it beat Ethereum (ETH) on speed and EOS on cost, prompting an eight percent surge in the asset's value.
After that, on Friday, Oct. 12, he has hinted at a forthcoming partnership with an unknown firm valued at "tens of billions of dollars."
Did anyone guess the partner's name?
Twitter followers have suggested a number of possible candidates, including Baidu, Clover, and even Disney. In a later tweet, real-time crypto market news service Coinness claimed that TRON's new partner is indeed Baidu, citing former team members as its source. None of these have been confirmed as of press time. Read more here.
CNBC's Ran Neuner Claims Bitcoin's Price Is Set To "Explode" What happened?
Ran Neuner, crypto analyst and host of CNBC's show Cryptotrader, said this week that the price of Bitcoin is "about to explode."
What is this based on?
In a series of tweets, the trader predicted that a notable Bitcoin rally could be tied to the SEC's upcoming decision on several BTC ETF applications. Neuner hypothesized that Bitcoin's climb to $20,000 in December 2017 was "on the back of the expectation and launch of a cash settlement BTC futures contract." Read more here.
World Bank President: Distributed Ledger Technology Has 'Huge Potential'
What is this all about?
The president of the World Bank Group, Jim Yong Kim, has stated that distributed ledger technology (DLT) has "huge potential" and that the bank should keep pace with innovative technologies.
What did he say?
Kim addressed the importance of fighting poverty while boosting prosperity, pointing out that "there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption." Read more here.
Nouriel "Dr. Doom" Roubini: "99 Percent of Cryptocurrencies are Worth Zero"
What is this all about?
Cointelegraph met with Nouriel Roubini, a New York-based economist, during BlockShow Americas in Las Vegas and talked about why he doesn't believe in smart contracts, thinks Ethereum is a scam, and the fact that he might want to give the industry another try.
What did he comment about it?
"I'm not against [it], I'm open to any type of innovation, but I'm an expert on financial crises and asset bubbles. And I became famous [by] predicting the global financial crisis — the burst of that bubble," he said. Read the full interview to get to know more. | | | | |
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