Cryptocurrencies
Harry Potter-Inspired Crypto Function Sends Prices Levitating
- Litecoin jumps as much 36% on Mimblewimble protocol optimism
- Bitcoin is poised for its first weekly increase in six weeks
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Crypto prices appear to be getting a magical bump from optimism over a software privacy function known as Mimblewimble, which is named after a Harry Potter spell that stops people from revealing secrets.
Litecoin, the fourth-largest digital asset as measured by CoinMarketCap.com, jumped as much as 36 percent on Friday in the wake of a report that it may incorporate the protocol to improve privacy and scalability. The digital token slumped almost 90 percent last year. Bitcoin gained as much as 10 percent, while Ether jumped as much 18 percent.