Ethereum Has Become Bitcoin’s Top Off-Chain Destination
Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols that use bitcoin (the currency, with a small “b”) run on the largest rival to Bitcoin (the […]
Lightning Network Overhaul Could Strengthen Bitcoin Privacy – But Many ‘Ifs’ Remain
Known as Bitcoin’s second layer, since most of the action takes place off the blockchain, Lightning is being built out for faster, cheaper and more scalable bitcoin payments. The network is functional today, but it turns out it might make sense to strip out an important part and replace it with new technology to strengthen […]
Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival
Bitcoin, the top cryptocurrency by market value, rose by over 8% last week and ended May with a 9.5% gain. That came after bitcoin jumped by nearly 35% in April, according to CoinDesk’s Bitcoin Price Index. Meanwhile, ether’s price rose by 16% last week and 12% for the month of May. Growth in ether’s non-price metrics, too, has […]
First Mover: Chainlink ‘Marines’ Are HODLing and Here’s Why You Should Care
Diving deeper into the realm of the more than 5,000 cryptocurrencies in existence, things get even more speculative – with traders often jumping on fast-moving and thinly traded tokens for a quick profit and then quickly moving on to the next hot trade. That’s why it’s so notable that holders of one token, Chainlink (LINK), appear to […]
Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services
The services will be offered by BitGo Prime, a new entity that will be headed by Nick Carmi, BitGo’s head of financial services. Carmi joined the firm last year after stints at various banks and other financial institutions. BitGo Prime has already launched crypto lending services, and plans to expand these as well as build liquidity on its […]
10 Years After Laszlo Hanyecz Bought Pizza With 10K Bitcoin, He Has No Regrets
Hanyecz is known as the first person to use bitcoin in a commercial transaction. On May 22, 2010, when bitcoin was a little over a year old, he bought two pizzas for 10,000 BTC. The day is now known as “Bitcoin Pizza Day.” With one bitcoin now worth $9,500, this is apparently a joke and Hanyecz’s $45 million […]
Did Satoshi Nakamoto Just Move 50 Bitcoin?
A 50 BTC transaction representing a block reward from a month after the Bitcoin network launched moved today. [email protected] 50 Bitcoin that hadn’t been touched since being rewarded for mining block 3654 in 2009 moved today. https://blockchair.com/bitcoin/transaction/cb1440c787d8a46977886405a34da89939e1b04907f567bf182ef27ce53a8d71 … Bitcoin / Transaction / cb1440c787d8a46977886405a34da89939e1b04907f567bf182ef27ce53a8d71 — Blockc… Check Bitcoin (BTC) transaction, value: 49.99968592, date: 2020-05-20 blockchair.com 78 10:03 AM – […]
Tokensoft Distributes $4M in Equity to Investors Using Ethereum Blockchain
Tokensoft, a digital securities platform for enterprises and financial institutions, has used blockchain tech to distribute equity to investors in a $4 million funding round. The seed round, which commenced in July 2018, was co-led by Base10 and e.ventures, with Coinbase Ventures and Fidelity-affiliate Avon Ventures also participating. The investors receive a digital representation of […]
BitMEX goes down as Bitcoin falls 3% after liquidating $11 million in longs
Cryptocurrency exchange BitMEX went down as Bitcoin experienced a sharp drop from $9,885. Users who were able to access the website reported that the trading engine was currently down and that the company was working to bring it back online as fast as possible. More than $11.4 million in longs have been liquidated on the […]
Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins
Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In a blog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It means that 60% of BTC […]