*By Jacqueline Corba*
Litecoin is now available for trading on Robinhood.
That means users of the millennial-focused trading app can invest in the cryptocurrency commission-free in the 17 states where the service can trade the digital asset.
Charlie Lee, founder of Litecoin, praised Robinhood for the ease of use of its fintech platform, but the news didn't move the needle for investors Thursday.
"We are getting a lot more adoption and the price has gone the opposite way," Lee said in an interview on Cheddar's The Crypto Craze. "In the short term it doesn't track it, but I think we are doing well for the long term, and the price will come back. It's just a matter of time."
Litecoin, the sixth largest cryptocurrency by market cap, is trading at about $76 dollars, about the lowest its been since last November. Prices peaked at over $360 in December, but have sold off along with the rest of the digital currency market.
The Robinhood partnership came a day after Litecoin Foundation announced it acquired a [nearly 10 percent stake in Germany's WEG Bank](https://www.tokenpay.com/litecoin), a deal that could help expand where the digital currency is used.
"We've had trouble getting a bank account," Lee said. "With this bank deal we are looking to do our own merchant payment processor."
The ultimate goal, said Lee, is for people to be able to spend Litecoin anywhere they go.
For the full segment, [click here.](https://cheddar.com/videos/robinhood-adds-litecoin-to-crypto-trading-platform)
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
