Thousands of Payment Channels Now Open as Bitcoin Lightning Network Grows Rapidly
The Bitcoin lightning network has seen rapid growth since its first transaction in December 2017. There were just 89 lightning payment channels on 19 January 2018, but now there are over 6,600. The lightning network is a scalability solution for Bitcoin that can massively reduce transaction fees while drastically increasing transactions per second. The lightning […]
Bank of England Governor Openly Considers a Central Bank Digital Currency (CBDC)
Mark Carney, Governor of the Bank of England, spoke at the Riksbank Anniversary conference on Friday, putting forward an open-minded stance about the possibility of a central bank digital currency (CBDC). Potential CBD for England As reported by Bloomberg, while Carney appeared open to the idea, he also pointed to several issues that prevented him from offering his […]
81% of Bitcoins Already Mined, Last Bitcoin to Be Mined Around 2140
As of this writing, 17,058,387 Bitcoins have been mined, 81.23% of all the Bitcoins that will ever exist. In total there will be 21 million Bitcoins after all mining is completed, which should occur around 2140. The relatively low rate of Bitcoin mining from here on out will be conducive to Bitcoin’s price rising. A […]
Filippo Cingolani’s Mansion to Trade for $42 Million on Blockchain
The architect Giacomo Della Porta is known for his extravagant architecture throughout the UNESCO heritage site in the early 1600s. The Palazzetto inside the Palazzo Albertoni Spinola is valued at around USD 42 million. Hilton & Hyland real estate brokerage and blockchain startup Propy will be hosting the auction. Propy CEO Natalia Karayaneva confirmed that bids for the mansion can […]
Apprentice’s Alan Sugar Warns of “Ruthless” Crypto Scammers and Fake News
Alan Sugar, British Entrepreneur, and presenter of TV’s ‘The Apprentice’, talking to the UK’s Mail on Sunday, has said that scam cryptocurrency deals targeting celebrities is becoming a routine for many prominent business people, according to This is Money. The 74-year-old billionaire and founder of computer electronics company Amstrad became Britain’s answer to Donald Trump […]
Man Threw Away $60 Millions Worth of Bitcoin, But Global Losses Amount to $25 Billion
Crypto investor James Howells became another victim of not managing his cryptocurrency carefully when he threw away his hard drive, which would now be worth around $60 million dollars, reports the New York Post. Lost cryptocurrency is not a new phenomenon. Matthew Mellon, one time head of New York Republican State Committee’s finance committee, related […]
Over $1 Billion Crypto Stolen Worldwide in Last 18 Months as GDPR Activates
The Anti-Phishing Working Group (APWG) estimate that over $1 billion (US) in crypto has been stolen since the start of 2017, states Blockchain Security Company — CipherTrace. This recent surge has led to numerous global investigations, aiming to bring the criminals resposible to justice. According to CityWire, the UK’s Financial Conduct Authority is reported to […]
Largest Natural Gas Company in Czech Republic to Accept Bitcoin
The largest natural gas company in the Czech Republic, Pražská plynárenská, has announced that they will begin accepting Bitcoin payments by June according to their Chief Executive Officer Pavel Janeček. Pražská plynárenská serves more than 420,000 customers in the Czech Republic. This announcement came shortly after the company announced record profits of 53.9 million USD, up 30 […]
“Batching” Bitcoin Transactions Makes Blockchain More Efficient
Batching multiple Bitcoin payments into one transaction is becoming a popular trend. The practice makes the blockchain more efficient by reducing the amount of data needed to send each payment, which in turn reduces transaction fees for each payment. As more people batch their payments, the block space is available for other transactions, allowing more […]
South African Central Bank Refers to Cryptocurrencies as “Cyber-Tokens” Ahead of Regulation Review
The Central Bank of South Africa prefers to name cryptocurrencies as “cyber-tokens,” despite having no stated regulations or policies in place for cryptocurrencies. As reported by Bloomberg, May 24th, Francois Groepe, South African Reserve Bank (SARB) Deputy Governor said in Pretoria “We don’t use the term ‘cryptocurrency’ because it doesn’t meet the requirements of money […]
