• Canadian consumers can now purchase practically anything with Bitcoin instantly and at near-zero transaction fees after gift card merchant Coincards.ca rolled out support for the Lightning Network (LN). Pay For Virtually Anything With Lightning A blog post on its website confirmed on social media April 9 sees Coincards, which has allowed users to buy gift cards for major Canadian retailers with Bitcoin since 2013, permit LN payments for purchases up to $25. The move makes

    Coincards Brings Bitcoin Lightning Network Payments To Amazon

    | 2018/04/10 12:00 pm
  • Bitcoinist spoke with Saifedean Ammous, assistant professor of economics at Lebanese American University, Bitcoin economist, carnivore grill-master, and author of the new book, The Bitcoin Standard. I think Bitcoin is the most advanced and best form of money ever invented. –Saifedean Ammous Bitcoinist: First, why did you decide to write The Bitcoin Standard? Saifedean Ammous (SA): I found myself spending more and more time explaining and writing about the economics of Bitcoin to people as interest grew, and many

    Bitcoin is ‘Financial Dynamite’ – Saifedean Ammous (Interview)

    | 2018/04/06 12:00 pm
  • The 24 year old developer live-tweeted about a debate between Samson Mow and Roger Ver on Bitcoin and Bitcoin Cash. He also shared some of his own thoughts on BTC vs BCH, scaling, and the development of the two networks. Live-Tweeting the Debate Currently, the Deconomy conference is happening in South Korea, hosting speakers such as Vitalik Buterin, CEO of Bitcoin.com Roger Ver, Craig S Wright, CSO of BlockStream Samson Mow, and author of the

    Vitalik Buterin Comments on Bitcoin vs Bitcoin Cash Debate

    | 2018/04/04 3:00 am
  • The Lightning Network (LN) can now accept over 10 bitcoins’ worth of capacity on its mainnet implementation for the first time. Lightning: 1500 Nodes, $70,000 Capacity Fresh statistics April 1 show that mainnet Lightning, which in March achieved several milestones to adoption, now has capacity for 10.476 BTC ($70,000). The latest display of LN’s increasing presence comes just days after a new widget tool, LightningTip, became available for anyone to use in order to accept

    Bitcoin Lightning Hits Record Node Count, Reaches $70k Capacity

    | 2018/04/01 12:00 pm
  • A movie about an ex-computer hacker and some stolen bitcoin is set to become the first feature film released on a blockchain. Meanwhile, some are suggesting that this could signal a potential end to piracy within the industry. Hackers? Stolen bitcoin? Don’t get too excited. Aside from the bitcoin, the basic premise of the film seems like fairly standard rom-com material. An ex-hacker is posing as a postman to steal mail. He opens a letter

    Indie Movie to Debut on Qtum Blockchain, Airdrop Tokens to Viewers

    | 2018/03/30 7:30 pm
  • Few things in the cryptocurrency space are as promising as Bitcoin’s Lightning Network — a second layer payment protocol enabling instant transactions between participating nodes. With the unveiling of seven applications utilizing the technology this week, that fact is only becoming more apparent. Powered by Lightning This week, Blockstream — a leading provider of blockchain technologies — has been continuously rolling out new Lightning Apps (LApps) which give Bitcoin fans a taste of the future. The company

    Bitcoin’s Lightning Network Gets Charged With 7 New ‘LApps’

    | 2018/03/27 9:00 pm
  • In his latest Q&A on March 24th, 2018, Bitcoin evangelist, educator, and influencer Andreas Antonopoulos explains what the cryptocurrency industry needs next and his expectations for Bitcoin development. 4 Basic Things Bitcoin Must Have Antonopoulos begins the Q&A by noting, partly in jest, that the industry does not need “some kind of artificially intelligent, neural network based, 3D printing, drone-based Mars expedition.” Instead, he states: The truth is that the most important projects at this

    Andreas Antonopoulos: 4 Things Bitcoin Needs Plus a Hard Fork in 2018

    | 2018/03/26 8:00 pm
  • Bitcoin (BTC) transaction fees are at a major low, making it the cheapest time for nearly 12 months to send bitcoin. According to a Twitter-based Bitcoin fee information service, Bitcoin transaction fees have hit a record low today of only 1 satoshi (the smallest unit in Bitcoin) per byte to get into the next block. Simply put, your transaction today would be confirmed in about 10 minutes or less even at the lowest possible fee.

    Send $10,000 for 1 Cent: Bitcoin Transaction Fees Hit ‘Unfairly Cheap’ Levels

    | 2018/03/25 5:00 pm
  • On March 22, BitMEX Research published a follow-up article to its September 2017 analysis on Segregated Witness (SegWit) transactions compared to Bitcoin Cash, and the results aren’t good for big block supporters. Transacting Users Prefer SegWit Bitcoin Cash was created as an alternative coin with bigger blocks unlike Bitcoin’s Segregated Witness (SegWit) block weight optimization upgrade in August 2017. While SegWit gave the option for Bitcoin users to upgrade their wallets and receive the benefits

    Bitcoin’s SegWit Alone is Outnumbering All Bitcoin Cash Transactions

    | 2018/03/25 11:00 am
  • Blockstream has unveiled a Lightning Network app or ‘Lapp’ as the user-friendliness of the revolutionary Bitcoin technology continues to increase. Blockstream Takes On Content Control The first of seven so-called ‘lapps’ – or Lightning apps – FileBazaar allows content creators to offer digital items such as photos on a pay-per-view basis. They then use the Lightning Network to receive payments from consumers to view the content. Lightning Network popularity is surging in 2018, with over

    Lightning Network Can ‘Redefine Global Trade’ By 2021 as ‘Lapp’ Launches

    | 2018/03/23 12:30 pm
  • The bullish cryptocurrency year of 2017 has attracted a vast range of worldwide projects and attention. Now that this industry has a $300+ Billion market capitalization, there’s one question growing larger with economists and tech watchers: What is the real economic value of these Blockchain startups and how will they make an actual impact on our lives? How will they perform over time and will they manage to keep up with the promises they made

    This Tiny Altcoin Proves There’s Light at the End of the Crypto Tunnel!

    | 2018/03/18 3:00 am
  • As a college student, I often ask myself about where I stand amidst the overarching reach of our institutions and the demanding responsibilities of public life. While many everyday actions seem impermanent – or overshadowed by the immensity of the collective – I have been thrown into a circumstance where I have regained my status as a genuine individual. In the world of crypto assets, I have never felt so defined and well-placed. [Editor’s note:

    Brave New World: Why the Crypto Revolution Shapes the Modern Individual

    | 2018/03/17 7:00 am
  • Thursday’s unveiling of the first Bitcoin mainnet-ready Lightning Network (LN) tool, ‘Lightning Network Daemon’ (‘lnd’) promises several transformations of the Bitcoin user experience. LN Goes Mainstream Released to acclaim from well-known cryptocurrency figures and users alike, lnd’s beta brings simpler connection to LN to a host of excited developers. “With this release, lnd has gained a considerable feature set, deeper cross-implementation compatibility, a new specialized wallet seed, comprehensive fault-tolerance logic, a multitude of bug fixes,

    3 Revolutions The Lightning Network Beta Release Will Bring To Bitcoin

    | 2018/03/16 1:00 pm
  • Tech investor Peter Thiel recently spoke at the Economic Club of New York, sharing his thoughts on why he is more confident in Bitcoin and shunning the current hype around blockchain technology. Bitcoin ‘A Hedge Against the Whole World Falling Apart’ Facebook investor and PayPal co-founder Peter Thiel has reiterated why he is still very much “long” on Bitcoin as he spoke at the Economic Club of New York on Thursday. He explained that Bitcoin

    Peter Thiel is ‘Long Bitcoin’ and ‘Neutral to Skeptical’ of Everything Else

    | 2018/03/16 6:00 am
  • Price of Bitcoin got you down? Don’t worry! Bitcoin isn’t dead (again). What’s more, here are five reasons the world’s first cryptocurrency is fundamentally stronger than ever. More People Are Using It Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology. First, transaction volume per day is probably the most straighforward metric, which follows a rising trend-line seen

    5 Reasons Bitcoin is Fundamentally Stronger Than Ever

    | 2018/03/15 8:00 am
  • The Lightning Network (LN) has passed 1000 active nodes on its Bitcoin mainnet implementation, marking a major milestone for the scaling solution. Lightning: 1003 Nodes, Almost 2000 Channels Data from monitoring resources show 1003 nodes online at press time March 12, with a record high 1892 open channels. The news comes as commentators speculate from technical progress by LN developers that the first mainnet version of the protocol may soon see an official release. Looks

    Lightning Network Mainnet Passes 1000 Nodes as Release ‘Nears’

    | 2018/03/12 5:00 am
  • Cryptocurrency users continue to complain about unfair fees imposed by payment processors, with one calling out BitPay for charging a 0.2% transaction fee. BitPay ‘Lying About Network Cost’ During a purchase from Canadian merchant Newegg, which users BitPay as a processor, developer Jorge Timon additionally criticized BitPay’s practice of implying altcoin Bitcoin Cash (BCH, also known as ‘BCash’) is the same as Bitcoin (BTC). “Sad to see BitPay lie about ‘network cost’ of both bitcoin

    Is BitPay Lying About ‘Network Cost’ as Bitcoin Fees at Record Lows?

    | 2018/03/09 5:00 pm
  • SegWit (segregated witness) Bitcoin transactions are at an all-time high, and Bitcoin transaction fees are the lowest they have been in months. What factors contributed to this sudden change? For new users of Bitcoin, SegWit may seem like a meaningless buzzword that does not hold any value. But, for those aware of what it is, it means so much more. SegWit is a relatively new improvement to the current Bitcoin network that hopes to solve

    The Arrival of SegWit: Bitcoin’s Saving Grace?

    | 2018/03/07 4:30 pm
  • Bitcoin mining rig manufacturer Halong Mining has announced its AsicBoost patent has joined the Blockchain Defensive Patent License (BDPL) scheme. Bitcoin Network Gets ‘Friendly’ AsicBoost The highly-anticipated move, which challenges existing mining monopoly of competitor Bitmain, could revolutionize Bitcoin mining, with Litecoin creator Charlie Lee describing it as a “huge development.” Halong’s acquired patent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles last year, the patent representing a way of saving

    ‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly

    | 2018/03/07 8:30 am
  • Innovative companies are rushing to create real-world business applications that combine artificial intelligence (AI) and blockchain technology. For example, JD.Com, the largest retailer in China, recently launched a new accelerator, AI Catapult, to build new businesses and applications using AI and blockchain technology. Separately, Porsche is introducing various blockchain and AI solutions into its smart cars. The Benefits of Combining AI and Blockchain Academia and the business world are focusing on the fantastic benefits that

    The Awesome Power of Combining AI and Blockchain

    | 2018/03/03 3:30 pm
  • The total number of Bitcoin Core nodes currently stands at 9,499, marking an impressive surge since the Bitcoin Cash hard-fork that occurred on August 1st of last year. Bitcoin Node Count Goes Parabolic Contrary to the many cries of doom and gloom, admonishing against a network split last spring, the Bitcoin network not only survived the August 1st hard-fork but appears to be stronger than ever.  Hard Fork seems imminent. Scary is that majority fork

    Streisand Effect? Bitcoin Node Count Surged After Hard Fork

    | 2018/03/01 6:00 am
  • SegWit usage on the Bitcoin network has hit 30% in a new all-time high sparked by uptake from major industry businesses and services. High-speed, Low-fee Bitcoin Emerges Citing data from cryptocurrency hardware wallet manufacturer Trezor, investor and commentator Alistair Milne noted the historic highs continue to come in tandem with an almost empty mempool, leading to rock-bottom Bitcoin transaction fees. SegWit usage continues to skyrocket, hitting 30% for the first time#bitcoin pic.twitter.com/OEexWND9ab — Alistair Milne

    SegWit Transactions in Bitcoin Hit 30% For First Time

    | 2018/02/28 12:00 pm
  • Bitcoin Core developer Peter Todd has delivered a frank appraisal of the Lightning Network, suggesting it is technically insufficient in its current form. Lightning’s Growing Pains Writing about his “initial impressions” of Lightning’s testnet implementation on Twitter Monday, Todd questioned aspects including operational resilience and programming language. “Initial impressions of Lightning on testnet: c-lightning segfaults a lot, and when it’s not crashing payments fail more often than not. Writing it in C – a notoriously

    Crashes And Failed Payments: Peter Todd Urges Caution Over Lightning Network

    | 2018/02/27 11:30 am