Tron founder and CEO, Justin Sun, says he’ll reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon.” The CEO announced the news during a live stream on Tuesday, Sept. 24. An open invitation to the leader of the free world As reported, Sun had won a charity auction on eBay in June to have lunch with Buffett and his own choice of guests, with a winning bid of $4,567,888 — the highest bid in the event’s 20-year history. Yet just days ahead of the much-anticipated event, the Tron CEO was forced to postpone due to …

On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is “an investor in Casa,” a Bitcoin (BTC) personal key security firm. He also noted that he has high hopes for the company: “I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!” A notable hire The tweet was posted in response to Casa announcing the hire of a former engineer and product developer …

Litecoin (LTC) has just experienced an event that happens once in four years: the second halving. On Aug. 5, 2019, Litecoin rewards for producing a block were halved from 25 LTC to 12.5 LTC. At a speed of 2.5 minutes per block produced, halvings occurs every 840,000 blocks. Ahead of the event, Cointelegraph discussed the features of the Litecoin halving and the building market sentiment that preceded this momentous milestone. Analysts were uncertain regarding how this will affect the price, hash difficulty and sentiment of the miner community. In a recent interview, Litecoin creator Charlie Lee explained that the predictions …

The effect of block reward halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining, according to a report by a research arm of major crypto exchange Binance released on July 12. Following Charlie Lee’s prediction that some miners may shut down Litecoin mining after the halving, which is expected to take place on Aug. 5, 2019, Binance Research analyzed the potential of so-called merged mining to retain incentives for crypto miners. Merged mining is a practice of using the work done for one blockchain, or parent blockchain, on other smaller child blockchains by implementing …

Litecoin (LTC) creator Charlie Lee has predicted that miners may shut up shop after the coin’s upcoming halving this summer. In an interview with Australian crypto news site Mickey on July 10, Lee reflected on the possible implications for Litecoin’s mining ecosystem when the planned halving kicks in and current block rewards on the network are reduced by 50%. “It’s always kind of a shock to the system,” he said, explaining: “When the mining rewards get cut in half, some miners will not be profitable and they will shut off their machine. If a big percentage does that, then blocks …

The Litecoin Foundation is partnering with premier kickboxing league Glory to become the official cryptocurrency for its online merchandise platform and international events. The news was announced in an official press release from Litecoin on Feb. 26. Glory — which has signed top kickboxing heavyweights including “Dutch Lumberjack” Peter Aerts and Remy Bonjasky, aka “The Flying Gentleman” — will integrate Litecoin (LTC) into its online merchandise store, gloryshop.com. The league will also allow fans in the United States and Europe to use the cryptocurrency to purchase various Litecoin-exclusive, event-related privileges. These include “athlete meet-and-greets, backstage arena tours [...] and premium …

Top Stories This Week Altcoin Ethereum Classic Reportedly Undergoes 51 Percent Attack Earlier this week, the Ethereum Classic (ETC) reportedly underwent a 51 percent attack. In the aftermath, crypto exchange Coinbase noted that upwards of $1.1 million in crypto was double spent during the time of the deep blockchain reorganization. Coinbase and several other cryptocurrency exchanges temporarily paused deposits and withdrawals of the altcoin to prevent loss of funds. Crypto exchange Gate.io confirmed that the attack was carried out and promised refunds, stating that around 54,200 ETC in total (worth around $271,500 at the time) was transferred during the attack. …

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his observation, stating that: “By definition, a decentralized cryptocurrency must be susceptible to 51% attacks whether by hashrate, stake, and/or other permissionlessly-acquirable resources. If a crypto can't be 51% attacked, it is permissioned and centralized.” Lee’s statement was in response to another tweet stating that …

Litecoin (LTC) founder Charlie Lee has fired community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists.” Lee’s Jan. 6 post argued that: “Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero. Maximalists think Bitcoin is and will remain the dominant cryptocurrency but there is room for altcoins to exist and even do well.” Lee also opened a Twitter survey, which has drawn over 24,300 votes as of press time and is due to expire in 6 hours, inviting users to identify as either …

Thursday, August 30: following the week’s brief uptick, crypto markets are today seeing widespread corrections, with the top ten coins by market cap losing between 1.5 and 5 percent on the day. All but 13 minor alts among the top 100 ranked cryptos are in the red, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,942 at press time, down1.52 percent on the day, according to Cointelegraph’s Bitcoin price index. Having broken through the much-fêted $7,000 threshold earlier this week, the top coin has seen a slump set in as of yesterday, August 29. …

Wednesday, August 29: crypto markets are largely holding fort after yesterday’s strong upswing, as Bitcoin (BTC) continues to trade near the $7,000 price point and many of the top ten cryptocurrencies see negligible price change on the day. While a number of crypto assets in the top 100 are seeing mild corrections, these are scattered and are not for now correlated as part of a market-wide downtrend, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,036 at press time, down just half a percent on the day, according to Cointelegraph’s Bitcoin price index. The …

Litecoin (LTC) creator Charlie Lee has dismissed short-term price trends as the upshot of “speculation,” stressing that long-term valuation is a truer measure of crypto’s success, in a CNBC interview August 27. When asked to what extent price is a meaningful metric for a given cryptocurrency, and whether or not it reflects the current state of its network, adoption, or viability, Lee responded that: “In the long-term, [price] tells us the success of cryptocurrencies, but short-term it doesn’t really tell us much. For example this year, there’s been so much adoption in Bitcoin and Litecoin, but their price has dropped …