Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether

Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any Drivenet coins to be swapped between any blockchain protocol. On Friday, an application called Sideshift.ai was used to demonstrate a bitcoin core (BTC) to tether (USDT) swap using the Lightning Network. Also Read: A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today…

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Tron Can’t Handle Bittorrent’s Transaction Volume, Former Exec Claims

Simon Morris, who was Bittorrent’s chief strategy officer until July 2018, has expressed his doubts about the capability of the Tron blockchain to process the vast number of transactions that the popular file-sharing platform will demand. Morris believes there’s more marketing than technology behind the launch of the new crypto token. Also read: Iran Labels Telegram’s Coin a Threat to National Security BTT Transactions Will Melt Tron’s Blockchain Bittorrent is planning to become one of the first projects to offer its coin on Binance Launchpad, a platform developed by the…

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Lightning Network Without Invoices Brings Us Closer to Streaming Money

A new feature for Bitcoin’s Lightning Network (LN) implementation allows users to send funds instantly without needing to first create an invoice. Sphinx Enables ‘New Use Cases’ The latest upgrade, ‘Sphinx,’ which developers describe as being a “work in progress,” is nonetheless already available to anyone. “The coolest part about this new feature is that it can be used today in the wild as long as both nodes are updated to this branch!” author Olaoluwa Osuntokun wrote in a Github repository dedicated to the project. New “Sphinx” send mode in…

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Acquiring Crypto: Simple Steps to Buying Your First Bitcoin

There’s a good chance you’ve talked to a friend about Bitcoin. Or maybe heard about this “crazy digital currency” in the news, but haven’t tried to obtain any because you think it might be difficult. These days, acquiring cryptocurrency is actually very easy, with various avenues you can take to purchase your first coins. Also read: A Look at Some of the ‘Next Generation’ Mining Rigs Available Today The Most Straightforward Methods to Buy Cryptocurrencies In the early days, acquiring bitcoins wasn’t so easy and people jumped through all kinds of…

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Wendy McElroy: Interview With Jeffrey Tucker on All Things Crypto, Part Two

Interview with Jeffrey Tucker on All Things Crypto, Part Two Conducted by Wendy McElroy The multi-faceted Jeffrey Tucker is an American writer who focuses on market freedom, anarcho-capitalism, and cryptotech. He is the author of eight books on economics, politics, and culture, a much-sought after conference speaker, and an Internet entrepreneur. Jeffrey is editorial director and vice president of the venerable American Institute for Economic Research, founded in 1933. His career has focused on building many of the web’s primary portals for commentary and research on liberty, and is undertaking…

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Banks in India: Don’t Touch Bitcoin Or Your Accounts Will Be Closed

Reports on social media indicate that banks in India are threatening customers that deal in Bitcoin and other cryptocurrencies with the closure of their accounts. This move is the latest salvo from the banking industry in a country where cryptos seem all but banned. Upping the Ante On Friday (Jan. 11, 2019), Morgan Creek founder and partner, Anthony Pompliano published a tweet culled from sources in India about the latest move by banks in India to prevent Bitcoin trading. According to the tweet, banks sent out warnings telling their customers…

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Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1

How much is one bitcoin worth? In fiat currency terms, that’s a constantly shifting answer, but ever since the beginning, the following has held true: one bitcoin is worth as much as the buyer is willing to pay. Today, that’s likely to be a few thousand dollars, but back in the day, the reverse was more likely to be true: for one dollar, you could buy several thousand bitcoins. Also read: Bitcoin History Part 7: The First Major Hack Calculating Bitcoin’s Exchange Rate Once an asset has a universally agreed…

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The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC

OTC crypto platform Genesis Global Trading has increased its annual trading volume by 50 percent and we’ve got the details in this edition of The Daily. We also feature an announcement by Bittrex which sought to calm traders who spotted 130,000 BTC being moved, and the launch of an offers bot by P2P exchange Hodl Hodl.   Also read: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency Genesis Trading Reports 50% Increase in OTC Volume Over-the-counter (OTC) digital asset platform Genesis Global Trading has recently reported a 50…

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Mongolia’s Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit

A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north. Amid falling mining revenues in other regions of the world due to the current crypto bear market, companies that have set up shop in Mongolia have found they can still run profitable mining operations. Also read: China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’  Business Environment Harsh But Mongolia Is Still Profitable Tokyo-based e-wallet…

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Quantum Threat

IBM has just come out with the world’s very first commercially available quantum computer known as the Q System One.  For those of you who aren’t familiar, quantum computers think a bit differently than the PCs and smartphones we have now and are much better at solving complex mathematical problems. The release of this new computer instantly piqued the interest of some members in crypto who asked: “does this new quantum computer threaten bitcoin?” The answer as usual, can be found in the video archives of the great Andreas Antonopoulos who said explains……

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