05/08/2021: Litecoin Foundation Partners with Atari
The Litecoin Foundation partners with Atari, a prominent gaming company, to integrate Litecoin into Atari's gaming ecosystem, enabling players to use LTC for in-game purchases and transactions.
26/02/2020: Litecoin Implements Mimblewimble Extension Blocks
Litecoin developers announce plans to introduce Mimblewimble Extension Blocks, a privacy-focused protocol extension, to enhance fungibility and transaction anonymity.
05/08/2019: Litecoin Halving
The block reward for Litecoin is halved from 25 LTC to 12.5 LTC, reducing new supply issuance and potentially impacting the cryptocurrency's price and mining economics.
12/12/2017: Litecoin Futures Launch on CME
The Chicago Mercantile Exchange (CME) launches futures contracts for Litecoin, offering institutional investors an avenue to trade and speculate on the cryptocurrency.
10/05/2017: Segregated Witness Activation
Litecoin activates Segregated Witness (SegWit), a protocol upgrade aimed at improving scalability and enabling second-layer solutions like the Lightning Network.
29/11/2015: Inclusion of the Renminbi in IMF's SDR Basket
The International Monetary Fund (IMF) includes the Renminbi in its Special Drawing Rights (SDR) basket, recognizing its global importance as a reserve currency and boosting the international status of the Chinese Yuan Renminbi.
29/11/2013: Litecoin's First Major Price Rally
Litecoin experiences its first major price rally, reaching a peak of over $39 per LTC, driven by increased adoption and market speculation.
07/10/2011: Creation of Litecoin
Litecoin is created by Charlie Lee as a peer-to-peer cryptocurrency, based on the Bitcoin protocol, with faster block generation time and a different hashing algorithm.
18/06/2009: Resumption of Renminbi Appreciation
China allows the Renminbi to resume an appreciation trajectory against the US dollar after a period of stability, signaling a shift in the country's exchange rate policy.
20/07/2005: Introduction of Managed Float
China adopts a managed floating exchange rate system, allowing the Renminbi to fluctuate within a narrow band against a basket of currencies, reducing its dependence on the US dollar.
31/12/1993: Renminbi Pegged to US Dollar
China pegs the value of the Renminbi to the US dollar, setting an exchange rate of 8.28 Yuan per dollar, which remains fixed for over a decade, impacting China's export competitiveness.
31/12/1992: Introduction of Dual Currency System
China introduces a dual currency system, with the offshore Renminbi (CNH) and the onshore Renminbi (CNY), aiming to facilitate foreign exchange flows and international trade.
14/08/1971: End of the Bretton Woods System
The United States suspends the convertibility of the US dollar to gold, leading to the collapse of the Bretton Woods System and a shift towards floating exchange rates, affecting the value of the Chinese Yuan Renminbi.
14/12/1948: Formation of the People's Bank of China
The People's Bank of China was established, marking the beginning of central banking in China and the introduction of the Chinese Yuan Renminbi as the official currency.