Share this article
Video: Charlie Lee on Scams, Plans and Being 'Satoshi Lite'
Litecoin creator Charlie Lee talks altcoin scams, Coinbase's expansion plans and why his currency needs bitcoin to succeed.
Updated Apr 10, 2024, 3:17 a.m. Published Feb 11, 2015, 3:00 p.m.
There are now hundreds if not thousands of altcoins in existence, but litecoin is one of the oldest and biggest. Since its conception in 2011, creator Charlie Lee – also known as 'Satoshi Lite' – has become a prominent figure in the crypto space.
Besides creating a cryptocurrency with a market cap of $63.79m, Lee also leads the engineering team at Coinbase, the firm that recently raised $75m from a number of high-profile investors, including Spanish megabank BBVA and the NYSE. The company is now the best-funded business in the bitcoin ecosystem.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In my interview below, we discuss altcoin scams, Coinbase's expansion plans and why litecoin needs bitcoin to succeed.
View the full video interview below:
This video was produced by ZapChain.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Markets Today: Bitcoin drifts lower as bearish trend persists
Bitcoin slipped overnight, dragging the broader crypto market lower as traders remained cautious with few external cues to provide direction.
What to know:
- BTC dropped 1.5% from its overnight high, with failure to reclaim $94,700 last week reinforcing a downtrend marked by lower highs since early October.
- The CoinDesk 20 has lost 1.6% since midnight UTC, while bitcoin dominance rose, underscoring continued underperformance across altcoins.
- The average crypto RSI sits at 38.49, suggesting the market is oversold and could be due a short-term relief rally despite the absence of clear year-end catalysts.
Top Stories
