Zap’s Strike Moves to Public Beta

Today, Zap, the Lightning wallet lead by developer Jack Mallers, has announced that their Strike product is now in public beta.   Previously, Strike had only been available through a closed, private beta program. In the private beta, Mallers claims that they have “already seen $100,000 in payments”. Strike is an application that allows you to transact with Lightning payments with just a debit card or bank account. But, here’s the secret sauce:  instead of having to buy bitcoin to load up your Lightning channels, users on Strike never touch BTC. According to Mallers,…

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Bitcoin 2020 Is Moving to 2021 in Los Angeles!

The Bitcoin 2020 conference is officially moving to April 30–May 1 in sunny Los Angeles, California, with Nick Szabo and Tony Hawk headlining! Bitcoin 2020 ticket holders are eligible to either transfer their tickets directly to 2021 or request a full refund. More details are available at the bottom of this article. Our Bitcoin 2020 event scheduled for March was on track to be the largest Bitcoin conference in history. By mid-February, over 2,000 people had registered and we were on pace to host nearly 4,000 people at SVN West…

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Reddit Roundup – June 2020

Ladies and gentlemen, we bring you the first ever edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as well such as r/BitcoinMining. In this roundup there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents), and last…

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Lastbit’s Wallet Hopes to Make Spending Bitcoin Simple One Day

Lastbit, a Berkeley-based startup, has announced the beta launch of their Bitcoin and Lightning-enabled wallet. The company claims that their new solution is meant to address three critical problems preventing Bitcoin’s mass adoption:  price volatility, slow transactions, and technical complexities. Their solution for all of those problems seems simple:  allow the merchants to be paid in fiat when you want to spend with your bitcoin by just using a debit or credit card. The backbone of lastbit’s wallet is the fact that the app allows you to generate virtual credit…

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Kraken Announces Largest-Ever Grant to BTCPay Server

The Summer of 2020 will forever go down as the “Summer of Giving” within the Bitcoin community as yet another significant grant is being given to support open-source development. Cryptocurrency exchange Kraken has announced it has sent $150,000 worth of bitcoin to help support the further development of open-source bitcoin payment processor BTCPay Server. This gesture from Kraken marks the largest-ever donation to BTCPay and coincides with their recognition of Micro-, Small and Medium-sized Enterprises Day. “A recognition from a big enterprise like Kraken makes us feel energized. At the…

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Julian Assange’s U.S. Extradition and Bitcoin’s Battle for Freedom of the Internet

WikiLeaks founder Julian Assange is currently being held on remand in a London maximum-security prison, solely on the basis of a U.S. extradition request. Assange has been charged with 17 counts of espionage related to WikiLeaks’ 2010 to 2011 publications concerning the U.S. wars in Iraq and Afghanistan, embarrassing U.S. diplomatic communications and evidence of torture in the Guantanamo Bay detention camp. Assange’s U.S. extradition case is recognized by free speech groups as the most important press freedom case of the 21st century. As the aggressive judicial overreach of this…

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OKCoin, BitMEX Operator Grant $150,000 to Core Developer Amiti Uttarwar

As the saying goes: when it rains, it pours. And lately, the Bitcoin Core development community appears to be experiencing a welcomed shower. Today, cryptocurrency exchange OKCoin and HDR Global Trading Limited, which operates the cryptocurrency exchange BitMEX, announced a $150,000 grant for Core developer Amiti Uttarwar. The donation follows similar gifts from both donors, as well as others, that have been announced in recent weeks. Uttarwar focuses on Bitcoin’s peer-to-peer layer, notably reducing the frequency that wallets attempt to rebroadcast transactions and, therefore, the frequency with which transaction information…

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With Rising Interest in Plan B Services, River Financial Raises $5.7 Million

River Financial, a Bitcoin-based financial institution, has reported average monthly volume increases of 80 percent, a doubling of clients each month since January 2020 and has recently closed a $5.7 million seed round to continue development of its suite of bitcoin financial services. It partly attributes this growth to the unbridled economic stimulation efforts undertaken by central banks this year. “The surging activity we’ve seen since the beginning of 2020 has been in part inspired by the Federal Reserve’s unprecedented monetary intervention,” said Alex Leishman, River Financial’s CEO, in a…

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Emphasizing User Friendliness With Sovereignty, Casa Launches Free Wallet

Today, Bitcoin custody solution provider Casa has launched a free wallet service aimed at new users. This app provides a retooled version of the basic wallet it offers its members, designed to be simple to use but without all of the premium services included in Casa’s more advanced products. “We’re excited about launching a free and simple bitcoin wallet that anyone can use,” said Nick Neuman, Casa’s CEO, in a statement shared with Bitcoin Magazine. “More people are turning to Bitcoin as a long-term investment, but they may not know…

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ION, Microsoft’s Decentralized Identity System, Launches Beta On Bitcoin Mainnet

ION, a Microsoft-led decentralized identity system built on top of Bitcoin, has officially been moved to beta on Bitcoin’s mainnet today. The news was shared in a release by Casa, a Bitcoin self-custody provider and project collaborator. First announced in May 2019, the Layer 2 network features its own node structure and is being built as an open-source project. As described to Bitcoin Magazine then, the overarching vision for ION is to furnish users with a decentralized identifier (DID) that could replace the need for usernames. “This DID, like a…

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