CryptoMediaClub
Thursday, October 2, 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

SEC Sues Former Goldman Sachs Analyst for Insider Trading

2 years ago
Polymarket Reassessing User Locations Amid Market Manipulation Concerns

Polymarket Reassessing User Locations Amid Market Manipulation Concerns

11 months ago
Pepe Unchained $PEPU Presale Hurtles Past $9 Million Amidst Feverish $PEPE and Layer 2 Activity

Pepe Unchained $PEPU Presale Hurtles Past $9 Million Amidst Feverish $PEPE and Layer 2 Activity

1 year ago
Known-plaintext attacks, explained

Known-plaintext attacks, explained

2 years ago

Categories

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

Highlights

The PioneerHash Cloud Mining App, a Global Hit by 2025

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

Trending

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026
All news

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
0

CME Group, the leading derivatives marketplace, announced today that its cryptocurrency futures and options products will be...

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

02.10.2025
The PioneerHash Cloud Mining App, a Global Hit by 2025

The PioneerHash Cloud Mining App, a Global Hit by 2025

02.10.2025
Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

02.10.2025
  • 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