Bitcoin is Now Moving 11% Of Venmo’s Yearly Total in One Day

Bitcoin scaling solutions may be getting huge publicity in 2019, but the amount of money the network processes daily could already cause headaches for competitors. Bitcoin Usage Tramples Venmo As Morgan Creek Digital co-founder Anthony Pompliano noted on social media April 17, Bitcoin’s ‘on-chain’ transaction volumes grew to $7 billion per day earlier this week. […]

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3 Countries Tell IMF They Want To Issue Bitcoin Bonds

The governments of at least three countries have formally acknowledged their interest in issuing a sovereign Bitcoin bond to raise capital. Afghanistan, Tunisia, Uzbekistan And Bitcoin Asia Times originally reported the trend April 17 referencing recent statements at this week’s World Bank and International Monetary Fund (IMF) Spring Meetings held in Washington DC. Afghanistan, Tunisia […]

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Bitcoin Lightning Network Passes 8K Nodes as Mainstream Products Emerge

The Bitcoin Lightning Network scaling protocol has passed a fresh landmark of 8000 nodes as a new solution launches to increase its mainstream usage. Lightning Rides Growth Highs Lightning, which continues to advance its presence as Bitcoin’s foremost scaling solution, hosted 8016 nodes at press time April 16 according to monitoring resource 1ML.com, up 8 […]

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Facebook Goes Down as Bitcoin Continues Mining Blocks With 99.98% Uptime

Social media giant Facebook and its Instagram and Whatsapp platforms went down for a couple of hours highlighting the stability of Bitcoin and its decentralized architecture.  Facebook Goes Down Social media website Facebook went down for a few hours on April 13th according to a monitoring resource downdetector.com. Whatsapp, the popular messaging app, and Instagram, […]

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Full Blocks ‘Only Way’ For Bitcoin to Stay Trustless, Say Seoul Meetup Founder

Bitcoin blocks will ultimately fill up and fees will increase accordingly, another community figure has warned as a spike in volume continues. Somsen: Make ‘Smarter Use’ Of Block Space In a series of tweets April 10, Ruben Somsen, podcast host and long-time convenor of the Seoul Bitcoin Meetup, argued that despite fees increasing, they are […]

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Bitcoin Goes Mainstream As Miss Universe Receives Lightning Torch

Bitcoin adoption took a step in a new direction this weekend after a former Miss Universe contestant joined the Lightning Torch transaction relay. Rosa-Maria Ryyti HODLs Lightning Torch In what appears to be an unexpected choice, Jeremias Kangas, founder of P2P trading platform Localbitcoins, opted to pass the Torch outside the cryptocurrency community – to […]

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Making ATM Bitcoin Payments via Lightning Network Is Becoming a Reality

Developer and researcher Felix Weis successfully executed, as a proof-of-concept, the world’s first ATM Bitcoin transaction on the Lightning Network. World’s First Lightning-enabled Bitcoin ATM ‘Worked Fine’ On March 31, 2019, Weis publicly demonstrated a transaction via Lightning Network at a bitcoin ATM, during the Lightning Hackday, in Hong Kong, as shown in the video […]

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Amazon Shares Drop 2.6 Percent As Centralization Alienates Suppliers

Amazon suppliers received a lesson in centralization on March 7 after the e-commerce giant abruptly began canceling huge numbers of orders in a profits push.  Amazon: We ‘Saw Opportunity’ As Bloomberg reported, quoting a statement from Amazon, the company wants to increase returns at the heart of its e-commerce operations. This has involved fundamentally altering […]

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SegWit Inventor Pieter Wuille Joins Lightning Torch Bitcoin Relay

Veteran cryptographer and Segregated Witness (SegWit) inventor Pieter Wuille has become the latest high-profile figure to participate in the Bitcoin Lightning Network’s Lightning torch event. ‘We Wouldn’t Be Here Without You’ Wuille, whom many regard as instrumental in Bitcoin’s success, saw considerable positive feedback as he ‘took’ the Lightning Network (LN) Torch — a gesture […]

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