TL;DR: “I’m announcing today that in 4 days, I will be cutting Litecoin mining rewards in half for the first time in 4 years,” creator Charlie Lee joked, mocking the Federal Reserve’s rate cut announcement. “This should help prevent the possibility of a cryptocurrency downturn.” Recently, Litecoin dropped from its #4 spot by market capitalization, down more than 18%, signaling all might not be well.
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