Bitstamp Now has Its Own Lightning Network Node

Bitstamp, one of the oldest cryptocurrency exchanges in Europe, announced the incorporation of its own bitcoin-enabled Lightning Network into its platform.  The move will allow Bitstamp users to make faster payments, with lower rates and higher transaction performance than in the Bitcoin network directly. The company said LN is the next step for Bitcoin and one of the…

Bitcoin Price Analysis 5/7/19: Boring Sideways Continues

The price of bitcoin on Friday dipped below the $11,000 level, shows CoinStats’ cryptocurrency portfolio management app. As of 09:05 UTC, the BTC/USD exchange rate was trading at $10,966.05, down 6.31 percent in the previous 24 hours. The move downward brought the cryptocurrency’s weekly performance to negated 3.99 percent. Nevertheless, its month-to-date performance stayed inside…

These Videos Will Make You​ Believe in Crypto Adoption Boom

Even the longest journey begins with a small step. And cryptocurrencies are proving it. The conventional public notion about these nascent assets is impoverished. It is due to their access to the one side of the story, which portrays cryptocurrencies as tools to launder money, purchase banned drugs online, and finance terrorists. However, the other…

How Erlay Maintains Bitcoin’s Long-term Bullish Aspects

Bitcoin core developer Greg Maxwell recently published the whitepaper of Erlay, a transaction relay protocol aimed at reducing the amount of bandwidth utilized by the bitcoin nodes by almost 84 percent. Co-authored by Gleb Naumenko and Pieter Wuille, the paper discussed how nodes in the current Bitcoin protocol relay Transaction IDs to all its peers. Sometimes,…

Warning! This Android App May Steal Bitcoin from Your Smartphone

Bitcoin wallet addresses do not appear to be something that one can learn and type manually – like a bank account number. They are a long string of random characters which users prefer to copy-and-paste whenever they want to initiate/request money transfer. At the same time, it is evident that not many looks into those…

Beijing Internet Companies Warn Investors about Bitcoin and ICOs

Fearing scammers are misleading Chinese people with fascinating bitcoin investment offers, a coalition of regional internet companies has asked investors to stand guard. The Beijing Internet Finance Industry Association (BIFIA) issued a noticeon June 20, warning citizens about the risks of participating in illegitimate fundraising rounds. The report specifically mentioned blockchain startups that amassed millions of…

Demonetization Didn’t Lead Indian Tax Defaulters to Bitcoin: Report

Bitcoin was not the Indian tax defaulters’ prime haven during the 2016’s demonetization, indicated an old TOI report. The news agency quoted officials from the Reserve Bank of India (RBI), admitting that people didn’t hide their black money in cash. Instead, they chose real estate and gold. The officials noted that that RBI received almost 99% of…