Exploring Liteverse.io: The first NFT marketplace on the Litecoin network with my first collection dedicated to the Mighty Mia Event #dancingforjoy + Quick Sign up and funding tutorial

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As one true OG  Litecoin   enthusiast, I wanted to test the site, or better, the NFT marketplace  Liteverse.io  since its launch in 2022. At first, I claimed Litecoin Summit collectors NFT. But, for several reasons, the test of minting my first NFT got a bit delayed. But now I finally have the time and the need to make use of it for a larger cause. I am sad I procrastinated a little. As it would have been a great honor to be the first one to give it a try, but given my lack of technical skills to use just code to mint outside of a marketplace, waiting was a great idea since the site is super user-friendly and it's quality has improved considerably. I would say Liteverse.io is ready for the mainstream. Minting on it or acquiring an NFT on the Litecoin network is now a Piece of cake! In this article I will describe my experience, the reason why my first series of NFTs was created, and most importantly the advantages and disadvantages of creating an nft (Non-fungible To...
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LedgerX just launched the first physical Bitcoin futures contracts in the USA

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Ahead of Bakkt and TD Ameritrade, LedgerX now offers physical Bitcoin futures contracts in the USA for both institutional and retail investors.  According to Coindesk: "Any U.S. resident with a government-issued I.D. can now trade futures contracts for real bitcoin." That is enabled by LedgerX newly released Omni platform 



In light of the negative statements made about Bitcoin by US president Donald Trump and the treasury department few weeks ago.  As well as the regulatory questions raised by Facebook Libra, the news of an approved Physical Bitcoin ETF is a very positive surprise for crypto supporters. 

 Erik Voorhes CEO of Shapeshift, made an announcement on Twitter stating:  "Pretty dope... Moreover, customers don’t need to put U.S. dollars in to bet on the product. Chou explained that traders can buy contracts using bitcoin." Traders now can simply deposit bitcoin instead of dollars when purchasing a contract. The CEO of LedgerX, Paul Chou explained in detail "not only are they delivered physically in the sense that our customers can get bitcoin after the futures expires, but also they can deposit bitcoin to trade in the first place,” he said. “Cash-settled is cash-in and cash-out, we’re bitcoin-in and bitcoin-out." 

Coindesk explains that for the first time Bitcoin can be used as a collateral for a contract that is sold by a regulated company. And that brings significant advantages

  • No need to wait on time limitations from the banking systems, such as wire transfer times, and business hours. Ex: Bitcoin can be traded anytime and anyday while banking system stops on weekends.
  • Physically-settled contracts can potentially be less sustainable to manipulation than cash-settled futures contracts.
  • No need for contact with the banking system. Cryptocurrency, in this case is the only collateral. 

Few competitors will certainly come along now that LedgerX has received the necessary CFTC approvals. As for the price, Bitcoin has shown a 3.8% increase in the last 24 hours.

 By: Michelle Mafra (Mamacrypto) 
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