Coinbase is officially adding support for the digital currency litecoin to its wallet offering.The decision comes months after Coinbase's digital asset exchange, GDAX, added support for litecoin trading, though the startup has long teased the prospect of additional litecoin integrations – its creator, Charlie Lee, serves as the startup's director of engineering.Overall, it's the latest notable boost for the older cryptocurrency, which has seen its public profile rise recently amid news of its forthcoming adoption of the scaling solution SegWit.That adoption has signaled the possibility for additional tech upgrades (not to mention a rising price).In statements, Coinbase positioned its litecoin integration as part of a larger strategy, explaining: "At Coinbase, our mission is to create an open financial system for the world.We're paving our path to that goal by creating the most trusted and easiest way to buy [and] sell digital currency."Litecoin is unlikely to be the last blockchain token added to the startup’s online service, Coinbase went on to indicate.

"This [integration] is part of our shift to supporting more types of digital assets over the coming year," the company said.The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.Have breaking news or a story tip to send to our journalists?Contact us at [email protected]/* */.reddit bitcoin litecoinJoin our Telegram Channel!the bitcoin crisis explained

Get Bitcoin News stories in Telegram × DismissA $12,000 donation has accompanied Litecoin creator Charlie Lee leaving Coinbase to work on his creation full-time.After Lee announced he was stepping down from Coinbase duties to dedicate himself to Litecoin development, his Litecoin Foundation received a donation of 438 LTC - around $12,000 at Tuesday’s rates.The donor, known by his handle JoeyBTC, made himself known following a Twitter request.psu for bitcoin miningyou guys are very welcome!ethereum 2017 forecastkeep up the good work 😀 — Joe (@joeyBTC) June 11, 2017 Litecoin proceeded to come down from circling $35 per coin as Bitcoin itself slumped, with Lee’s optimistic announcement having little effect on investor opinion.bitcoin-qt user guide

Today's my last day at @coinbase!I will miss working with you all.I'm going to shift my focus to Litecoin now.😁 /Ys9dZwtTFO — Charlie Lee (@SatoshiLite) June 10, 2017 The move is the first major event for the Litecoin community since SegWit activation caused a giant price rise in May.While a long time ago in terms of 2017’s cryptocurrency price action, Litecoin just six weeks ago was the star of altcoin markets, regularly outperforming other top 10 assets and bucking downward trends.bitcoin derivatives optionsResponses to Lee on Twitter were therefore keen to forecast a new surge upwards in a market currently dominated by Ethereum (ETH).best bitcoin casino redditLast week, Trezor became the first Litecoin hardware wallet to support SegWit.bitcoin faucet 5 minutes

Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully.Confirmation email sent to email address provided.Email * Password *CoinbaseCoinbase Adds Litecoin and Prices JumpJeff John RobertsYou've probably heard about the digital currency called bitcoin.But you may not realize there are literally dozens of other so-called alt-currencies out there that work in a very similar way and that, like bitcoin, their value has been soaring in the last year.While bitcoin is far and away the biggest—its market cap is more than twice all the other alt-currencies combined—some of its rivals are gaining traction.ethereum miner appThese include Litecoin, a currency introduced in 2013 by former Google employee Charlie Lee, and that is currently the fourth most valuable alt-currency.Litecoin, as its name suggests, is a "lighter" version than bitcoin.

It can process transactions four times faster and has not run into the sort of controversies related to scaling for growth that are currently consuming the bitcoin community.Get Data Sheet, Fortune’s technology newsletter.But despite its history and positive reputation, it hasn't experienced the same recent dramatic increase in value as bitcoin or ethereum, which is the No.2 alt-currency on the list.One reason for this could be that Litecoin is harder to obtain than those other two currencies.That changed, however, on Wednesday as the popular digital currency exchange service Coinbase made it possible for people to buy and sell Litecoin.And, indeed, prices jumped over 25 percent on the Coinbase news according to the site Coin Market Cap.The Coinbase tie-in is significant because is by far the most popular way for ordinary people—as opposed to dedicated crypto-heads—to buy and sell digital currency.Litecoin's appearance on the platform means it is suddenly a lot more liquid as an asset.Lee, the Litecoin creator who is now head engineer at Coinbase, is (unsurprisingly) bullish about the currency's potential.