On December 2, 2019, Bitfinex officially informed its subscribers that it had added support for Lightning Network deposits and withdrawals. Subsequently, Bitfinex CTO Paolo Ardoino confirmed the information in a tweet. A few days before this announcement, Ardoino agreed to do an exclusive interview with Bitcoin Magazine to provide more technical details about the Lightning integration. This marked a big step in the development of Bitcoin and the Lightning Network, as a major exchange finally integrated second layer satoshis. “I think that Lightning is definitely the best way to send…
Read MoreDay: December 2, 2019
Despite the Recent Slump, Crypto Prices Improved a Great Deal in 2019
As far as prices are concerned, 2019’s cryptocurrency markets fared much better than the year prior. Currently, the entire market capitalization of all digital assets is hovering just above the $200 billion mark. The following is a look at the cryptocurrency market’s biggest gainers and worst losers so far in 2019 to get some perspective of possible outcomes and historical trends as the year ends. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange The Biggest Percentage Changes in Crypto so Far There’s one more month left in 2019,…
Read MoreVertcoin Network Sabotaged by Another 51% Attack
The Vertcoin (VTC) blockchain was 51% attacked on Sunday, December 1, which saw 603 VTC blocks replaced by 553 blocks from the attacker. This is the second time the ASIC resistant Vertcoin chain was ambushed, as the network suffered a 300-block reorg a year ago. Also read: Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success Vertcoin 51% Attacked Again Vertcoin, a fork of the Bitcoin protocol, is an alternative cryptocurrency that’s been around since January 2014. The community and developers behind the project believe VTC is different because…
Read MoreDoes Bitcoin Need Accounts? One Developer Thinks So, and He Figured Out How
Bitcoin doesn’t use typical “accounts.” Instead, with each payment, the funds are sent to a unique “transaction output.” In such an output, the Bitcoin address can potentially be reused, in which case the address would act a bit like a Bitcoin account. Reusing addresses in this way, however, makes it trivial to link different coins and transactions to the same user, which is horrible for privacy. Bitcoin users are instead encouraged to generate a new address for each receiving payment. While a best practice for privacy, Spanish developer José Femenías…
Read MoreRegulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia
Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. We also cover crypto news involving the governments of China, Japan, and the U.S., including the arrest of an Ethereum Foundation member. Also read: Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions German Bill Authorizes Banks to Deal in Crypto A bill has reportedly been…
Read MoreRobert Vroman: The Jim Bell System Debate Introduction
As I write this article on July 3, 2002, I am already hearing out my window the occasional pops of micro-explosives enthusiasts getting a head start on their annual excuse to play with things that go bang and supposedly celebrate their freedom. Tomorrow, libertarians across the country will use the holiday as an opportunity to grouse to disinterested relatives around the barbecue grill about how little freedom we actually have left, or really ever had. LP lifers often say there is no magic bullet to get the kind of society…
Read MoreInsurance Industry Being Changed by Blockchain Technology
The Insurance Industry: Blockchain Technology has been developing rapidly lately and it has been attempting for several years to transform not only the traditional monetary system, but also various other industries. At first, Banks were against Blockchain technology, but they we’re one of the first that adopted the new wave. The final monetary technology picture is still vague, but for the “younger brothers” of banks and credit societies – the insurance companies, the benefits for implementing Blockchain Technology seem quite clear. The founders of fintech company Worldcore explains why. The…
Read MoreHow the Upcoming Bitcoin Halving Compares to Previous Cycles
For those standing very close to the crypto charts, it might be easy to get discouraged by the gloomy nature of recent markets. However, new comparisons of the current halving cycle to those in the past have emerged and might put some wind back into the sails of traders, hodlers, and cryptocurrency enthusiasts in general. Also Read: As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation Miners Unfazed as Halving Approaches Though crypto prices took a big dip in November, with BTC falling 30% from a high of $9,486…
Read More