Litecoin, the fifth largest cryptocurrency by market cap, was attempting to regain some lost momentum Wednesday morning after it was hit over the last two days by the news of the shutdown of a much hyped start-up that claimed it was developing a payment processing system that uses the cryptocurrency. Social media giants who banned cryptocurrency related ads on their platform are likely to face a class action lawsuit from a Eurasian blockchain industry group. Meanwhile, Ripple, the third largest crypto, has made what is apparently the biggest single virtual currency gift to a charity working to meet the needs of public schools.
Here is a wrap-up of the main news from the cryptocurrency and blockchain world over the last 24 hours.
Litecoin Hit After Payment Processor LitePay Shuts Down
Litecoin, the fifth largest cryptocurrency by market capitalization on CoinMarketCap, tumbled on the news that payment processor LitePay has ceased all operations. The San Francisco-based LitePay was launched in the middle of February as a merchant payment processor accepting Litecoin. The cryptocurrency rallied mid-February on the LitePay news. Read more...
Eurasian Blockchain Association May File Lawsuit Against Crypto Ad Ban
A newly founded blockchain association is planning to file a lawsuit against the ongoing ban of cryptocurrency-related advertisements by social media giants, reports said citing Russian news outlet TASS. The move follows the recent announcements by Facebook, Google, Twitter, and Yandex to ban ads related to cryptocurrencies and Initial coin offerings or ICOs. The Eurasian Blockchain Association or EBA, comprising Russian, Chinese and South Korean associations for cryptocurrency and blockchain, at a meeting in Moscow reached a deal to file a class action challenging the ban in a US court. Read more...
Ripple Donates $29 Mln To DonorsChoose.org To Fund Classroom Requests
Cryptocurrency major Ripple played a genie to students and teachers across the US on Tuesday, as the company funded every single live classroom request on the crowdfunding platform for schools, DonorsChoose.org. The San Francisco-based Ripple runs a global real-time settlement network for the large financial institutions on which the cryptocurrency currency of the same name, carrying the XRP symbol, works. Read more... Steven Seagal, Founders Exit After Bitcoiin ICO Period Ends
Brand Ambassador Steven Seagal and unnamed Founders of cryptocurrency investment company Bitcoiin B2G have exited after the controversial initial coin offering (ICO) period ended for the B2G token. Bitcoiin said it would now function within its ecosystem and become a genuinely anonymous cryptocurrency with no individual or individuals having control over the entity. Read more...
Travel Startup Cool Cousin Offers Crypto Incentives
Blockchain-based travel startup Cool Cousin is incentivizing locals with their crypto token CUZ for providing travelers with personalized guidance, travel recommendations, and assistance for their locality. The company allows users of their travel app to connect with locals in the proposed city of travel to gain localized information. The locals are termed as "Cousins" by the company and are offered incentives in the form of CUZ tokens for providing content. Read more...
Current Prices
As of 6.35 am ET on Wednesday, Bitcoin was up 1.15 percent at $8,044.85, while Ethereum was lower by 0.14 percent at $461.89 and Litecoin was down by 2.19 percent at $138.44 on Coinbase.
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Forex News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.