By looking at the largest crypto assets by market cap, it’s apparent that most of the projects that are worth the most are still Layer-1 blockchains. This is despite the fact that the vast majority of these blockchains have very little on-chain activity. While it’s hard to distinguish between the real economic activity and inflated […]
Grayscale's Bitcoin Cash and Litecoin offerings are trading at a more than 1000% premium compared to underlying asset value, according to market performance data published on its website.
In April 2017, the Litecoin Foundation was founded with $0 in the bank. As the price of Litecoin skyrocketed from around $10 to over $200 later that year, the foundation suddenly was sitting on more than $1 million in assets. Now, the Litecoin Foundation has a modest $200,000 in total assets, a lean team consisting […]
The Litecoin Foundation recently released its unaudited financial statements for 2Q19. As noted previously by The Block, the foundation had received a sizable $468,000 donation from Litecoin founder, Charlie Lee, back in late 2017, but the organization has since been eating through its reserves to pay its operating expenses. In 2Q19, the organization showed signs […]