Welcome to In Case You Missed It (ICYMI), a fast government shutdown sponsored by Congress and brought to you by your non-statist, decentralized friend Linzerd. Litecoin sponsors UFC. Mining whitepapers are as common as vanilla ice cream. SEC is on life support mode. Andreas Brekken shuns LN due to its unprofitability. Binance accused of taking Ripple bribes.
Litecoin into the Octagon with UFC
Litecoin scored a sponsorship deal with UFC that will give them a presence in UFC 232: JONES VS. GUSTAFFSON 2, a rematch highly anticipated by mixed martial arts fans. The deal states the Litecoin logo will be displayed in the fight ring (the Octagon) and displayed to millions of people all over the world. Litecoin will get some exposure to fighting fans for an undisclosed price.
Binance Called Out for Favoring Ripple Listings
A new article released by Trust Nodes suggests Ripple could have something to do with the listing changes going on in their platform. With these new changes, XRP would be featured as trading pairs, and Ethereum pairs would be relegated to separate “ALTS” pairs, something that bothers some users. Binance listing and ticker choices have long been the target of criticism and even mockery, something that is happening again.
Mining White Papers Are the Most Common Out There
A new article researched the most common topics of cryptocurrency white papers. It found mining white papers are the most common. The team behind this investigation took 2,431 white papers and searched for keywords that would describe their area of activity. Other popular topics found were market, game, and loan, which serve to describe the direction that the ICO community has taken up this year, with gaming and betting being an important part of the dApp environment.
SEC Shuts Down Along with Federal Government
Due to the ongoing federal govt shutdown, we are currently operating in accordance with the SEC’s plan for operating during a shutdown. Effective today (12/27/18) and until further notice, we will have limited number of staff members available. More info: https://t.co/RhiOji1iyR
— SEC_News (@SEC_News) December 27, 2018
The almighty SEC, the agency in the eye of the storm for cryptocurrency regulations, is also part of a government, and believe it or not is still vulnerable to bureaucracy. That is why they are being affected by the government shutdown resulting from the power struggle between US lawmakers and its executive. The SEC informed they will be reducing their operations to the bare minimum.
Andreas Brekken Says Lightning Network Unprofitable
I took my hub down because:
– Funds have to be online/hot. Introduces counterparty compared to hardware/paper wallet
– Funds are locked in channels. If the other side of the channel is unreachable, you need to wait up to weeks
– Earns nothing. Much less than hosting cost
— Andreas Brekken (@abrkn) December 27, 2018
Andreas Brekken, cryptocurrency adviser, developer, and also an investor, has declared Lightning Network is unprofitable, and a hassle to maintain. He took his LN node down because the costs of the operation were far more expensive than the benefits. He also said recovering funds if the other side of the channel disconnects could take weeks. He should know something about the subject, as he has had the biggest LN hub for some time.
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