Surging prices, anticipation, and steady coin interest round out today’s headlines.
Charlie Lee Lists Privacy Features, Grayscale and PayPal support as Value Propositions
Charlie Lee, the co-founder of Litecoin, listed among the network’s high uptime, MimbleWimble integration, PayPal support, and the coin’s listing at Grayscale as the digital asset’s value proposition.
Litecoin is Bitcoin’s silver. Accordingly, it complements the most valuable digital network as a transactional Medium of Exchange (MoE) platform, not a store of value like Bitcoin.
Already, Litecoin is benefiting from its low transaction fees as a choice platform for Atari games. Moreover, Litecoin plans to integrate privacy ahead of Bitcoin, another value proposition that highlights its potential.
At the time of writing, the LTC/USD price is trading at above $100.
MicroStrategy Buys $650 Million More of BTC
Michael Saylor–the CEO of MicroStrategy, has said the NASDAQ-listed firm has bought an additional $650 million of Bitcoin at an average price of $15,964. It pushes their total aggregate to 70,470 BTC, worth $1.125 billion.
Therefore as long as the BTC price is above $20k, the public company remains profitable.
Notably, MicroStrategy has been aggressive in its investment in Bitcoin. They first made their first purchase in September when they bought $450 million of BTC before following it up with another $25 million and later $50 million before Dec 21’s announcement.
Sooner, the CEO said most companies will convert their treasuries to Bitcoin to stay solvent.
Ethereum Developers Say EIP-1559 Proposal Will be implemented
Eric Conner, one of the leading Ethereum developers, has said EIP-1559, a proposal first suggested by Vitalik Buterin, will soon be implemented.
Among other things, EIP-1559 makes it easy for network users to predict Gas fees, representing a new economic system that overhauls the current first auction model.
While there are concerns about the security ramifications, traders are watching out for this development because of ETH burning, removing coins out of circulation, and benefiting buyers.
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