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Video: Charlie Lee on Scams, Plans and Being 'Satoshi Lite'
Litecoin creator Charlie Lee talks altcoin scams, Coinbase's expansion plans and why his currency needs bitcoin to succeed.
Oleh Daniel Cawrey
There are now hundreds if not thousands of altcoins in existence, but litecoin is one of the oldest and biggest. Since its conception in 2011, creator Charlie Lee – also known as 'Satoshi Lite' – has become a prominent figure in the crypto space.
Besides creating a cryptocurrency with a market cap of $63.79m, Lee also leads the engineering team at Coinbase, the firm that recently raised $75m from a number of high-profile investors, including Spanish megabank BBVA and the NYSE. The company is now the best-funded business in the bitcoin ecosystem.
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In my interview below, we discuss altcoin scams, Coinbase's expansion plans and why litecoin needs bitcoin to succeed.
View the full video interview below:
This video was produced by ZapChain.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
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- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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