Despite introducing new possibilities for the world of finance and technology, Bitcoin’s core came with significant usability and scalability shortcomings. Commonly known as the first successful altcoin, Litecoin (LTC) was created in 2011 as an alternative solution to these problems.
Litecoin emerged out of a Bitcoin fork, proposed and developed by Charlie Lee, a renowned computer scientist. The project’s primary vision was to become the “silver to Bitcoin’s gold”, thereby widening people’s access to cryptocurrencies. Prior to incepting the Litecoin Foundation in 2017—a non-profit backing the Litecoin project—Lee worked at Google and Coinbase, among other firms.
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Distinguishing Features: How Does Litecoin Work?In general, Litecoin’s primary ‘competitor’ is Bitcoin, although the two networks complement each other in several regards. For one, Litecoin inherited Bitcoin’s code, enhancing the same with many novel implementations.
On the other han..
2020 was a year of tremendous growth in the cryptocurrency industry. We saw Bitcoin reach new highs, as renowned financial institutions invested in this revolutionary asset class and enthusiasm across the market bounced back.
Last year, bitFlyer Europe conducted the survey in European countries measuring the awareness and faith in the future of crypto. Back then two thirds of Europeans admitted to having faith that cryptocurrencies will still exist in 10 years’ time, however the majority are still uncertain how they will be used.
In September 2020, when comparing our data from 2020 to 2018, we have seen a rise in accounts opened by users in their 20s in the first half of 2020 at group level.
As a global cryptocurrency exchange that has offices, among others, in San Francisco, CA, and Tokyo, Japan, this time we decided to dive deep into the current state of investing and cryptocurrencies in the US and Japan, and explore the differences between these two big and interesting markets. Our ..
Today, we are launching a new “Recurring Buy” feature, which means our users can now purchase crypto automatically with as little as 10 EUR by a simple set up.
You can use it from our mobile app “bitFlyer wallet”, available on both iOS and Android.
The smartest and easiest way to invest in cryptoSimple SetupSchedule a recurring buy in a few stepsAutomatic PurchasesBuy crypto daily, weekly, biweekly or monthlyStart Small or Go BigSet up regular purchases as low as €10 or as high as €10,000Interested? Download our App and start trading now !
Get a chance to win 10 Euro worth of BTC with Recurring Buy!
Available cryptoRecurring buy can be used with all 7 types of cryptocurrencies currently handled on our platform:
Bitcoin (BTC)Ethereum (ETH)Ethereum Classic (ETC)Litecoin (LTC)Bitcoin Cash (BCH)Monacoin (MONA)Lisk (LSK)Purchase frequencyYou can select from daily, weekly, biweekly and monthly.
Minimum purchase amountIt can be set from as little as 10 EUR.
Recurring Buy feeThere is no addit..
Cryptocurrencies and blockchain technology offer a secure way to conduct financial transactions. However, cybercrime is rampant in the digital world. Here are some non-trivial security tips to help protect your digital assets and not fall victim to money scams.
1. Use Password Generators
Passwords that consist of numbers or a single word are easily guessed. Using your date of birth or name and surname combination as a password simply invites scammers to your account. Better use a password generator and use strong passwords of a random set of symbols. The more complex the password combination is, the more secure it is. Oh, and keep your credentials safe (don’t write them down on paper, come on).
2. Use Google Authenticator for 2FA
Or any other authentication app. First — because it’s easier than SMS/calls to your phone number and doesn’t require a good network connection. Second — this method is considered more secure since there are SIM swaps and other phone number-based hacks.
We made it! Welcome to 2021! The beginning of the year looks inspiring for crypto investors: bitcoin is breaking records, altcoins are showing increased volatility, cryptocurrencies continue to strengthen their positions in the global financial system . But what will happen next? The crypto market is too unpredictable to foretell specific events, but CEX.IO continues to monitor the situation.
Our experts share valuable experience and analytical data that can help you understand trends to make informed decisions.
Take a look at our traditional review of publications in the media. In this issue you will learn:
CEX.IO news Crypto adoption DeFi boom Cryptocurrencies. A year in review Altcoins in the spotlight Market analytics So let’s get started!
CEX.IO news In 2020 we submitted an application for registration with the Financial Conduct Authority (FCA).
On December 16, 2020, the FCA announced that it has introduced a temporary registration regime for existing cryptoasset companies t..
Elliptic, a global leader in cryptoasset risk management solutions, awarded the Elliptic Compliance Award to the cryptoasset businesses demonstrating exemplary compliance and their contribution to making the cryptoasset market safe to use.
For the second time in a row, bitFlyer received the award! Thank you Elliptic!
Our Chief Compliance Officer here at bitFlyer Europe, Ivars Zukovskis, shared some thoughts about the news:
“We are delighted to receive an Elliptic Compliance Award for outstanding compliance as we’ve established robust compliance controls to protect our customers and our business.”
“This is the second time in a row for bitFlyer to receive the Elliptic Compliance Award. We’re pleased that our continuous efforts, supported by Elliptic’s crypto AML solutions, are recognized for meeting the highest standard for crypto compliance across the industry. Allowing us to reinforce the trust of our customers, and to grow our business.”
bitFlyer Elliptic Compliance AwardAbout the Awa..
To celebrate upcoming year, we prepared the summary of bitFlyer Group achievements in 2020 and important crypto events. We must admit it was quite a year! Let's hope 2021 will bring us even more things to celebrate.
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“Out of adversity comes opportunity.” We like to think of 2020 just like Benjamin Franklin said. Though we can recall all the challenges 2020 made us go through, here we choose a bigger fish to fry. Let’s remember how 2020 spawned renegade thinking, and made many change their mindsets and find the ways to move forward in the new realms. At the times when many had to look for alternative ways to drive value, cryptocurrency offered more than one proving that it’s becoming an important part of the financial system as well as technology, and it’s here to stay.
We’re going to make a recap of the most game-changing events in the crypto industry in 2020 that made many sceptical investors take a closer look at the emerging industry, and even start investing in it.
CME Group launched Bitcoin options In January 2020, Chicago exchange CME Group, one of the world’s leading and diverse derivatives marketplace, announced that its highly anti..
Launched in December 2013, Monacoin (MONA) is “Japan’s first cryptocurrency” and the outcome of a Litecoin hard fork. Considering that its pseudonymous founder(s)—Mr. Watanabe—created MONA as the native asset for his hash-finding game, the cryptocurrency had a rather “playful” beginning and is often regarded as a ‘joke coin’ similar to DogeCoin.
Over time, however, Monacoin has become increasingly popular among Japanese users, to the extent of being used for day-to-day payments and transactions.
Monacoin’s Cultural SignificanceA distinguishing marker of Monacoin is that it’s deeply rooted in the Japanese culture in several ways. First, the project derives its name and logo from “Mona”, an ASCII-based—a standard for encrypting electronic communications—cat which is a popular character on the Japanese online forum named 2Chan.
Second, its creators assume the name “Watanabe”, which is not only a homage to Satoshi Nakamoto (Bitcoin’s founder) but is also linked to medieval literature of th..
We are proud to announce that bitFlyer Europe has launched the “Quick ID verification”. It allows new users to verify their account and start trading without limits in less than 5 minutes*1.
Start trading in less than 5 minutes “Quick ID verification” shortens your account creation time *2.The eKYC *3 technology allows you to finalize your account verification by taking a picture of your ID and your face.Available on Desktop, Mobile and the bitFlyer App. Verify your account in 3 easy steps!Enter the world of crypto ownership!With this new feature, we aim to break down barriers that many people face when they start investing in cryptocurrency. Quick ID verification makes it smoother for users to start trading while minimizing the lead time.
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*1 The timing may be subject to our legal review of the documents.
*2 To upgrade to a trade PRO class, additional personal information and ID verification documents etc. are necess..