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Lightning Labs, a Bitcoin company backed by Twitter founder Jack Dorsey and Robinhood co-founder Vlad Tenev, released lnd 0.11-beta on August 20th, an upgrade to the Lightning Network Daemon (LND) that allows for the operation of bigger Lightning channels. Since 2016, Lightning Labs, which recently raised a $10 million
On August 20th, peer-to-peer exchange platform Bisq shared it had processed its 70,000th trade, after facilitating 20,000 trades in the previous six months. Bisq hits 70,000 all-time trades. Source: Bisq Bisq processes crypto-to-fiat and crypto-to-crypto trades without a third party. Bisq’s official GitHub page describes the
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
Opinion • Bitcoin • Aug 23, 2020
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
Opinion • Bitcoin • Aug 23, 2020
Lightning Labs, a Bitcoin company backed by Twitter founder Jack Dorsey and Robinhood co-founder Vlad Tenev, released lnd 0.11-beta on August 20th, an upgrade to the Lightning Network Daemon (LND) that allows for the operation of bigger Lightning channels. Since 2016, Lightning Labs, which recently raised a $10 million
News • Bitcoin • Aug 22, 2020
On August 20th, peer-to-peer exchange platform Bisq shared it had processed its 70,000th trade, after facilitating 20,000 trades in the previous six months. Bisq hits 70,000 all-time trades. Source: Bisq Bisq processes crypto-to-fiat and crypto-to-crypto trades without a third party. Bisq’s official GitHub page describes the
News • Bitcoin • Aug 22, 2020
Long gone are the days that Bitcoin was an asset almost solely used by niche tech-savvy communities. Now, after more than a decade of parabolic growth, Bitcoin has gone mainstream, regularly gracing the front pages of mainstream media outlets like Bloomberg and CNBC. With Bitcoin reaching mainstream recognition, it'
Feature • Bitcoin • Aug 21, 2020
Bitcoin startup Zap is launching a cash back option for users of its Lightning payment app Strike. The feature called “Cashback by Strike” allows users to earn money back on Strike when they make payments via the Lightning Network. Strike is a platform created by Zap that enables Lightning payments
News • Bitcoin • Aug 21, 2020
The Internal Revenue Service (IRS) of the U.S. made several changes to the new draft of Form 1040, U.S. Individual Income Tax Return. One of the alternations concerns Bitcoin users, as the agency changed the placement of the controversial “virtual currency” tax declaration section. The IRS moved the
News • Bitcoin • Aug 20, 2020
The newly released minutes from the Federal Open Market Committee’s July 28 and 29th meeting has sent shockwaves through the global financial markets, not stopping at Bitcoin’s price action. The overall tone of the meeting was grim, with committee members expressing concerns over how the ongoing pandemic may
News • Bitcoin • Aug 20, 2020
According to the on-chain market analysis firm Glassnode, Bitcoin reserves on exchanges in August fell to a level unseen since June 2019. This indicates that retail investors are not intending to to sell their bitcoin. When retail investors move to sell their bitcoin holdings, they typically send their funds to
News • Bitcoin • Aug 19, 2020