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On October 17th, according to the Financial Times, Anthropic is offering Blackstone Group a yield exceeding 10% to raise funds to support its latest chip deal. This $60 billion debt financing program, dubbed "Project North Star," will help Anthropic procure approximately 1.5 gigawatts of custom semiconductors, or TPUs, developed by Google. It is expected to be the largest chip financing deal to date and a key test of investor demand for AI-related debt. Sources familiar with the matter revealed that Blackstones funds will invest $9 billion to purchase debt backed by Anthropics chip lease payments over the next five years, representing half of its approximately $18 billion in subprime loans. Blackstone has received a coupon rate offer of 10%, and the total yield will be even higher after accounting for new debt issuance discounts and other fees. According to the Intercontinental Exchanges Bank of America BB-rated U.S. High Yield Bond Index, borrowers with similar credit profiles typically pay around 7% yields when financing in the public bond market.According to the Financial Times, Anthropic offered Blackstone Group a double-digit yield in its latest chip financing deal.In an executive order, U.S. President Trump stated that he would waive certain sanctions, restrictions, and tariffs applicable under the Graham Act on sanctions against Russia and Iran, effective immediately.On October 17th, Russian President Vladimir Putin stated on the 16th that, in response to attacks by Ukrainian authorities on Russian industrial enterprises and fuel and energy complexes, the Russian armed forces continue to strike Ukrainian military-industrial complexes and related facilities. Putin stated that the Russian military is accelerating its offensive across the entire front, and the "safe zone" along the border with Ukraine has significantly expanded in recent months. One of the main tasks on the ground remains the "liberation" of Donetsk. The Russian militarys control of Dobropilya was a landmark event in the special military operation, opening up a passage to Donetsk.On October 17th, German Chancellor Merz stated in Brussels, Belgium, on the 16th that the EU should exercise fiscal restraint in negotiating the next long-term budget, opposing a significant increase in its size and emphasizing that limited funds must be prioritized for defense and competitiveness. Following the conclusion of the two-day EU summit, Merz explicitly opposed the proposal to increase the next budget by approximately 50% at a press conference. He said that drastically increasing the EU budget is "fiscally unfeasible," and the final budget figure must be significantly reduced based on the European Commissions proposal. Merz posted on social media on the 15th that Europes funds are limited and clear priorities must be set. "We must invest funds in key areas that will determine Europes future—defense and competitiveness."

What Is Litecoin?

LEO

Oct 25, 2021 14:08

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Litecoin (LTC)


Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles "Charlie" Lee. Litecoin is a fork of Bitcoin (BTC). 


Litecoin is often referred to as the 'silver' to Bitcoin’s 'gold'. This is because Litecoin uses much of the same code as Bitcoin and therefore shares many similarities, but it is currently faster and cheaper. While Litecoin shares the same protocol as Bitcoin, it operates on its own separate blockchain.


Charlie Lee is a graduate of the Massachusetts Institute of Technology and a former Google engineer who became interested in Bitcoin in 2011. According to Lee, "In October of 2011, I was playing around with the Bitcoin code base, and I guess the short of it was that I was just trying to create...a fork of Bitcoin. It was mainly a fun side project.”


Bitcoin vs. Litecoin


Although Litecoin shares many similarities to Bitcoin, it has a number of differences in terms of the mining algorithm it uses, fees, supply and speed at which transactions are confirmed.


bitcoin VS lit.png

Photo: investopedia


Transaction differences


One of the primary differences between the two cryptocurrencies is that Litecoin takes 2.5 minutes to generate a block of transactions, as opposed to Bitcoins 10 minutes. This means that Litecoin can confirm transactions roughly four times faster than Bitcoin. This difference in transaction time could make Litecoin more attractive to merchants, which is why Litecoin is often regarded as a currency for day-to-day transactions while Bitcoin is currently considered more of a store of value. 


Proof-of-work algorithm


While both are proof of work, Bitcoin uses the traditional SHA-256 hashing algorithm. Litecoin uses a comparatively new algorithm known as Scrypt. Another key difference between the two is that Scrypt requires less computing power, making it possible for regular users to participate in mining with less complexity.


Coin limit and block rewards


The total limit for Bitcoin is 21 million, while Litecoin has a limit of 84 million. Once these limits are reached, no new coins will be created. These rewards are halved in order to limit the number of new coins released into the circulating supply to create scarcity. Bitcoin block rewards are halved every 210,000 blocks, while Litecoin block rewards are halved every 840,000 blocks.


What factors affect litecoin’s price?


Litecoin’s volatility is likely to be driven by similar factors to bitcoin, for example:


Regulation


Cryptocurrencies are currently unregulated by governments and central banks. There are questions about how this could change in this next few years, and what impact this could have on value.


Supply


There is a finite number of litecoin available to be mined (84 million). Availability can also fluctuate depending on the rate at which the coins enter the market.


Press


Prices of litecoin can be affected by public perception, security, longevity and the prices of other cryptocurrencies such as bitcoin.


Adoption


Litecoin hasn’t currently been adopted by businesses or consumers as a method of payment. But, some see potential in the blockchain technology and think this could become more widely adopted in the future.


How to invest Litecoin (LTC)?


Coinbase is the most popular and easiest place to buy and sell Bitcoin, Bitcoin Cash, Ethereum, and Litecoin all in their app 


Also, you can invest Litecoin CFD; while there is no actual ownership, an Litecoin CFD gives investors exposure to the risk and rewards associated with owning Litecoin.


Trading Ethereum CFDs allows you to perform trades quickly, without the need to sign up for a cryptocurrency wallet or register on a cryptocurrency exchange.


Litecoin price prediction


According to long-term forecasters such as the Economy Forecast Agency (EFA), Litecoin predictions 2021-2025 indicate that it could remain around $150 during the first quarter of 2021 and rise to a new peak of $260 in January 2022 then slowly glide back to lower levels the rest of the year to almost $100 in October 2022. 


LTC is expected to spike in the first quarter of 2023 with a peak in March at $193. A downward trend is forecasted for the remainder of the year and in most of 2024. Finally another rise is a main point of Litecoin’s price prediction 2025 with a climb to $174 in January of that year.


Meanwhile, Walletinvestor, known for its conservative forecasts, believes in a bullish Litecoin price forecast in 2021. It believes that in 12 months’ time the LTC price will rise up to $219, making it a good long-term investment.

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