CryptoMediaClub
Wednesday, October 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Litecoin halving completes as LTC sees increased payments adoption

06.08.2023
A A
0
121
VIEWS
ShareShare

The Litecoin halving event has been completed, with block rewards now halved to 6.25 Litecoin per block.

On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. Litcoin (LTC) miners are now getting half the rewards, and the clock has been reset for the next halving in roughly four years’ time.

Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date.

This is funny. I googled "Litecoin Block Halving Countdown" and checked the first 4 hits. The ETA for the halving is all over the map!
From my quick calculation, I believe NiceHash's countdown is the most accurate. I expect the halving to occur in about a 1 day, 2 hours, and 30… pic.twitter.com/7lvOKCtiOh

— Charlie Lee Ⓜ️️ (@SatoshiLite) August 1, 2023

Moreover, LTC prices have been trending down since early July, when they topped $110 for the first time since April 2022. The silver to Bitcoin’s gold is currently hovering around the $92 level, where it was this time a fortnight ago.

Litecoin's third HALVING is just hours away. The block reward will automatically adjust from 12.5 to 6.25 $LTC – thus making Litecoin a predictable monetary supply and a deflationary currency.
Litecoin ⚡ Sound Money. pic.twitter.com/9h1rh4f0vi

— Litecoin (@litecoin) August 1, 2023

Speaking on the adoption of Litecoin as a payment method, BitPay CEO Stephen Pair told Cointelegraph that Litecoin and Bitcoin Lightning payments had their best months in recent history on the global payments platform.

Related: Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee

As of June, LTC surpassed Bitcoin (BTC) as the crypto of choice for payments on BitPay, accounting for 35% of transactions. BitPay claims to have processed 57,949 crypto-related total transactions over the past 30 days.

BitPay payments by crypto asset. Source: BitPay

Litecoin is the 12th-largest cryptocurrency by market capitalization at $6.8 billion, with its daily trading volume around $1.14 billion.

There are currently 73.5 million LTC in circulation out of a maximum supply of 84 million.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

Magazine: ‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin

Share9Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video

‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Value Crosses $109K to Hit ATH as Trump Prepares to Take Workplace

Bitcoin Value Crosses $109K to Hit ATH as Trump Prepares to Take Workplace

9 months ago
Web3 zombie apocalypse is here: Last Remains joins Cointelegraph Accelerator

Web3 zombie apocalypse is here: Last Remains joins Cointelegraph Accelerator

2 years ago
SAVVY MINING Has Launched a New Cloud Mining Contract Based on XRP, Bringing Users New XRP Opportunities

SAVVY MINING Has Launched a New Cloud Mining Contract Based on XRP, Bringing Users New XRP Opportunities

1 month ago
Crypto Biz: Worldcoin expands, Saudi Aramco considers digital assets, and more

Crypto Biz: Worldcoin expands, Saudi Aramco considers digital assets, and more

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Trending

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
All news

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
0

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly...

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
Watch these 4 tripwires to signal XRP price direction this week

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz