The debate that started between members of the Bitcoin and Ethereum communities has continued into its second week. After worries about the extent of ether's circulating supply were largely put to bed by efforts sponsored by Kraken's Pierre Rochard, the focus has now shifted to Ethereum
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
The majority of traders on top Bitcoin futures exchanges appear to be leaning cautious on Bitcoin’s short-term price trend.
Long and short contract ratios across Bitcoin futures exchanges. Source: Bybt
Data released by cryptocurrency futures trading and information platform Bybt shows more than 50% of traders are shorting Bitcoin.
The majority of traders on top Bitcoin futures exchanges appear to be leaning cautious on Bitcoin’s short-term price trend.
Long and short contract ratios across Bitcoin futures exchanges. Source: Bybt
Data released by cryptocurrency futures trading and information platform Bybt shows more than 50% of traders are shorting Bitcoin.
The debate that started between members of the Bitcoin and Ethereum communities has continued into its second week. After worries about the extent of ether's circulating supply were largely put to bed by efforts sponsored by Kraken's Pierre Rochard, the focus has now shifted to Ethereum
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
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
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
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
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
