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Ripple Cto Fires Back At Litecoin Influencer’s Xrp Critique
Crypto Trends

Ripple CTO Fires Back at Litecoin Influencer’s XRP Critique

by admin September 4, 2025



In a fiery exchange on X, Ripple’s Chief Technology Officer, David Schwartz, pushed back against recent criticism by Jonny Litecoin, a notable Litecoin influencer. The clash reignites a long-standing debate between supporters of proof-of-work (PoW) and proof-of-stake (PoS) consensus-based cryptocurrencies.

Jonny Litecoin took a jab at XRP in a September 2 post, arguing it lacks intrinsic value due to its creation mechanism. In his post, he claimed XRP is generated for free “out of thin air” via code, unlike Litecoin, which uses computational effort and energy through PoW—positioning it as a more “real” asset in comparison.

Schwartz, however, didn’t let the comment slide. In a September 4 post, he pointed out that XRP and Litecoin serve similar functions, but added that XRP’s energy efficiency makes it the more sustainable choice. 

Two products are equivalent except that one takes much more energy to make than the other. Which one do you think is the most likely to grow in popularity over time?

— David ‘JoelKatz’ Schwartz (@JoelKatz) September 3, 2025

Schwartz emphasized the environmental cost of mining-based currencies like Litecoin without denying the technical aspects of PoW. 

Debate Between PoW and PoS Consensus

Proof-of-Work (PoW) consensus requires miners to solve complex mathematical problems to validate transactions, consuming more computational power and energy, where miners can get a reward as well. Some of the popular blockchain using PoW are Bitcoin and Litecoin. 

Meanwhile, Proof-of-Stake (PoS) allows validators to stake their cryptocurrency to validate transactions. This consensus mechanism uses less energy, prioritizing those with larger holdings. While PoW is more decentralized but energy-intensive, PoS is energy-efficient but potentially less decentralized. Ethereum, XRP Ledger, and a number of other blockchain use PoS, where validators stake crypto assets to become validators and validate transactions. 

Energy Use vs. Perceived Value 

The dispute is just the latest flare-up in the broader ideological battle between PoW and PoS supporters. Last week, a post shared by Litecoin’s official X account stirred tensions further by mocking Ripple CEO Brad Garlinghouse and attacking XRP’s fundamentals. Despite backlash from the XRP army, the Litecoin side held firm.

Such discussions show how consumers’ and developers’ objectives are changing as cryptocurrency matures, shifting from mining bragging rights to energy-conscious solutions that can scale responsibly. 

Also Read: Ripple Launches RLUSD Across Africa With Local Exchanges





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September 4, 2025 0 comments
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Litecoin vs XRP news
NFT Gaming

Litecoin Slams XRP As ‘Rotten Egg Token’ In Viral X Post

by admin September 1, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The official Litecoin account ignited a cross-community skirmish on X late on August 29 with a long, caustic “fun fact” that veered into an elaborate mock of XRP’s bank-rail narrative and even a jab at Ripple CEO Brad Garlinghouse, nicknamed “Brad Garlicmouse” in the post.

The message likened the smell of comets to “the idea that tokens called XRP would be sold off to retail investors with the illusion that a digital bank drive-up tube is worth more than the money it transfers back and forth because there are only so many tokens in existence,” before concluding with a snide aside about “the president… sleeping with Brad Garlicmouse.” The post quickly ricocheted across Crypto X, drawing heavy engagement and heated replies.

As replies piled up, the Litecoin handle adopted a meta-commentary, positioning the episode as part of a broader “roast” bit across communities. “I roast Solana: We laughed, we cried, little pushback. I roast MYSELF: Funny, but true. I roast XRP: Diarrhetic vitriol for 2 full days, threats of legal action, horrible takes on market cap and sitting at a paid for seat at a crypto council as the only measuring stick for success. Sounds about right.” Later, in an apparent attempt to defuse, it wrote: “Damn. Y’all gotta stop taking X so seriously. Go eat a hot pocket and I’ll see you in the morning if I’m not fired before then.”

The XRP Community Reacts

XRP-aligned accounts responded with a mix of counter-narrative, receipts, and ridicule. One widely referenced theme was founder conduct and credibility. “Fun fact: Satoshi Lite publicly dumped all his Litecoin at the top. If your coin was worth something, why sell it all?” wrote @SamTheCarpetMan, resurfacing Charlie Lee’s December 20, 2017 post announcing he had sold his LTC holdings.

Several community figures framed the roast as a brand misstep. “Whoever the intern for this page is— not a good look,” wrote @CredibleCrypto. EGRAG Crypto delivered a pointed quip—“The word ‘lite’ suits your stance”—while @X__Anderson contrasted enterprise engagement with merch-table nostalgia: “While Ripple was meeting with banks & financial regulators all over the world to transform the financial system, Charlie Lee was in his basement printing Hodl shirts, followed by dumping his remaining Litecoin on his followers and cashing out into fiat.”

Others took aim at market-rank dynamics: “Lincoln is scared of XRP. They should be. XRP long surpassed litecon years ago and litcon will never recover,” wrote @WizardInvestor. And some simply voted with their wallets. “Just sold my ltc,” said @Xlister86; another user, @actofage28, declared: “As of today, you’re being unfollowed and the remainder of my LTC will be swiped for XRP.”

The Litecoin handle—leaning into the persona—parried much of it in-stream. When one commenter warned of potential “defamation/trade libel” exposure, the account replied: “Relax, sparky. I’m not in the digital bank tube market. Go play that crap with XLM.”

Beneath the theatrics sat a familiar philosophical split—one the Litecoin account articulated bluntly in reply to an XRP holder: “What’s to recover? XRP is nothing like litecoin in both construct and purpose. They’re literally at different ends of the spectrum. XRP wants to be the bridge between banks and Litecoin is the antithesis of that altogether.”

That line, more than the comet gag, captured what the spat was really about: divergent visions of crypto’s endgame. XRP’s community continues to press a thesis of institutional integration and cross-border settlement rails; Litecoin’s social voice cast itself as a contrarian to bank-linked architectures, more in the mold of peer-to-peer electronic cash.

The controversy also revived long-running debates around founder sales and community trust. Charlie Lee’s 2017 divestiture—framed at the time as a bid to avoid conflicts of interest—has remained a lightning rod for critics who equate it with abandonment. Meanwhile, wallets associated with the Ripple founders have been selling millions of tokens each month, a pattern renowned on-chain analyst @zachxbt highlighted again last week.

At press time, XRP traded at $2.72.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 1, 2025 0 comments
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Canadian Firm Luxxfolio Plans $100M Boost For Litecoin Treasury
Crypto Trends

Canadian Firm Luxxfolio Plans $100M Boost for Litecoin Treasury

by admin August 29, 2025



Canadian crypto firm Luxxfolio Holdings Inc. plans to raise up to CAD$100 million (approximately US$73 million) through a shelf prospectus to expand its Litecoin-focused treasury strategy. The filing allows the company to issue shares, debt, or other securities over the next 25 months.

Building infrastructure around Litecoin

Luxxfolio shifted its treasury from Bitcoin to Litecoin earlier this year, calling the cryptocurrency “hard currency.” CEO Tomek Antoniak stated that the funds would help expand the company’s infrastructure and support merchant payments, stablecoins, and crypto wallets. The company has been steadily acquiring Litecoin, aiming to hold 1 million LTC by 2026.

Luxxfolio is struggling financially. In Q2 2025, it lost $197,000, up from just $8,000 in the same quarter last year, as per their report. Luxxfolio ended the quarter with just $112,000 in cash and relied on a private placement of $844,000 to stay operational. Since 2017, the company has recorded nearly $19 million in losses.

Industry experts caution that simply holding Litecoin is not enough. Mehow Pospieszalski, CEO of American Fortress, said institutions look for adoption, compliance, and usable infrastructure, not just price gains.

MEI Pharma makes a major move into Litecoin

Meanwhile, U.S.-listed pharmaceutical firm MEI Pharma (NASDAQ: MEIP) has acquired $100 million worth of Litecoin, making it the first American company to adopt LTC as its main treasury asset. 

Between July 30 and August 4, MEI bought 929,548 LTC at an average price of $107.58. With Litecoin now trading around $124, the holdings are worth roughly $115 million.

The acquisition was structured as a private investment in public equity (PIPE) deal led by crypto capital markets firm GSR, which will also act as MEI’s digital asset treasury manager and strategic advisor. MEI plans to sell 29.2 million shares at $3.42 each, closing around July 22, 2025. 

Alongside Luxxfolio, MEI’s move highlights a rising trend: companies are increasingly holding altcoins like Litecoin in their treasuries, a strategy that could pique institutional interest when these cryptocurrencies prove useful in the real world.

Also Read: DeFi Dev Corp Expands Solana Treasury With $77M Purchase



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August 29, 2025 0 comments
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Crypto Trends

Canadian Firm Luxxfolio Plans $73M Raise to Expand Litecoin Treasury Strategy

by admin August 29, 2025



In brief

  • Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans.
  • It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million.
  • Litecoin treasuries may attract institutions if tied to usable infrastructure, but risks remain if they just sit on it, Decrypt was told.

Canadian crypto infrastructure firm Luxxfolio filed a shelf prospectus on Thursday to raise up to CAD$100 million (US$73 million), months after becoming the first publicly listed company to anchor its treasury in Litecoin following a broader pivot away from Bitcoin mining.

Luxxfolio views Litecoin “as hard currency,” CEO and Director Tomek Antoniak said in a statement.

“In our sector, scale is critical—the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to capture market share and influence adoption,” Antoniak said, adding that the shelf would give Luxxfolio “flexibility” to scale and meet market demands.

Once approved, Luxxfolio’s shelf prospectus will enable it to raise funds over 25 months through the issuance of shares, debt, or other securities.

The latest filing follows Luxxfolio’s move in July to begin disclosing its Litecoin purchases, with a strategic advisor confirming earlier this month that the company is targeting a total of 1 million LTC by 2026.

Litecoin creator Charlie Lee, meanwhile, joined its advisory board in late June.



Luxxfolio, like others jumping on the crypto treasury trend, is positioning its strategy around reserves and infrastructure, despite its financials being in poor shape, marked by mounting losses and limited liquidity for its stock.

Key signs of strain include no revenue, a net loss of approximately $197,000 for the second quarter, compared with a net loss of $8,000 in the same period a year earlier, and nine-month losses that more than doubled year-over-year, according to its latest quarterly financials.

The company closed Q2 this year with just $112,000 in cash and relied on a $844,000 private placement to stay afloat, with nearly $19 million in total losses since its inception in 2017. 

Its management had warned of “significant doubt” about its ability to continue operating without fresh capital. Decrypt has reached out to Luxxfolio for comment.

Don’t just sit on it

Observers argue that a Litecoin-focused digital asset treasury can draw institutional attention if it goes beyond passive accumulation.

Such a model could “absolutely attract institutional capital if it’s paired with usable infrastructure,” Mehow Pospieszalski, CEO of wallet infrastructure platform American Fortress, told Decrypt.

Citing how inflows on the Litecoin ecosystem top over $100 million, Pospieszalski said that institutions “don’t deploy that kind of capital into a ghost chain,” instead, “they’re looking for scalable rails, compliance pathways, and user adoption.”

Risks remain, however, if “DATs just sit on assets and hope for ‘number go up,’” Pospieszalski said.

“They risk repeating 2008-style leverage cycles,” but the difference could come “when treasuries actually grow the ecosystem” by building tools that bring in users, he said.

Luxxfolio and others appear to be taking that path “to eliminate the bubble risk by replacing speculation with utility,” he added.

“Institutional capital has a tendency to gravitate toward assets with the following characteristics: deepest liquidity, strongest adoption, with the most established market narrative,” Shawn Young, chief analyst at MEXC Research, told Decrypt, adding that those qualities are “areas that Bitcoin clearly dominates.”

Litecoin, while having “technical merit and long-standing credibility,” has less developed institutional use cases, Young said.

Litecoin could “carve out a niche if paired with real utility,” but is “unlikely to command the same level of institutional inflows as Bitcoin-based strategies,” he said.

Still, the rise of altcoin treasuries “can be the decisive spark that ignites the final phase of the current market cycle,” Ray Youssef, CEO of NoOnes, told Decrypt.

Portfolio strategy pivots from companies like BitMine, SharpLink, Pantera, and others, are starting to “treat blue-chip altcoins as treasury-grade reserve assets,” Youssef said.

That “vote of confidence,” he argued, is reshaping how altcoins are perceived, signaling that “institutional capital is no longer reserved exclusively for Bitcoin.”

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