Lightning Can Scale Bitcoin, But Are Costs a Barrier?

Lightning Can Scale Bitcoin, But Are Costs a Barrier? It’s possible bitcoin’s Lightning Network will fall short of its lofty ambition – at least, that’s what a group of researchers are arguing. Often trumpeted as the future of bitcoin, Lightning’s particular twist on payments channels has served as one of the foundational ideas for scaling all public blockchains. By…

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NEO Price Loses 12% in Value Overnight

NEO Price Loses 12% in Value Overnight It was somewhat to be expected the NEO price had seen massive growth based on half-truths and rumors. A lot of people are excited about future ICO projects being hosted on the network. However, it remains to be seen if this particular ecosystem is exempt from Chinese regulation…

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Crytpo Continent — an African Snapshot

Crytpo Continent — an African Snapshot When the bitcoin ecosystem began to take shape, one of its first “killer apps” was supposed to be its potential for providing banking services and low-cost remittances to regions of Africa poorly served by the traditional banking sector. Due to bitcoin’s relatively high transaction fees, however, and the lack…

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Bitcoin Price Watch; Jumping Right In

Bitcoin Price Watch; Jumping Right In   We are about to get things moving for a fresh day of trading in the bitcoin price and it’s time to put some levels together that we can use to try and draw profit from the market as and when things move. Normally, at this stage of the…

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Russian Minister: We Will ‘Never’ Consider Bitcoin Legal

Russian Minister: We Will ‘Never’ Consider Bitcoin Legal The head of Russia’s Ministry of Communications (Minkomsvyaz) has said the country will “never” legalize Bitcoin within its economy. Speaking to journalists on the fringes of the Duma’s first Russian National Youth Forum, Nikolay Nikiforov said that while Bitcoin was to remain outside legality, adoption of Blockchain technology was…

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Smart Dubai Office Bags Award for Blockchain Initiative

Smart Dubai Office Bags Award for Blockchain Initiative The Smart Dubai Office (SDO) has won an award for its Dubai Blockchain Strategy initiative. Announced during the Smart Cities Expo and World Congress that took place in Barcelona last week, the City Project Award recognizes the most “innovative and successful” projects being implemented in an urban development area. Dubai’s…

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Bitcoin Will Lead to the Rise of State Cryptocurrencies: Citigroup CEO

Bitcoin Will Lead to the Rise of State Cryptocurrencies: Citigroup CEO In an interview with Bloomberg at The Year Ahead summit in New York, Citigroup CEO Michael Corbat recently predicted that bitcoin’s threat to the financial system will lead to state-sponsored digital currencies, as governments will have no choice. According to the CEO, governments won’t take the disruption bitcoin…

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Hong Kong Banks Continue to Shut Down Bitcoin-Related Accounts

Hong Kong Banks Continue to Shut Down Bitcoin-Related Accounts Bitcoin businesses are often concerned about having their bank accounts frozen. Such fears have been warranted for quite some time now. In most cases, account closures are few and far between. In the case of various Hong Kong-based businesses, however, things have taken a turn for the worse. In fact, many companies…

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Litecoin Continues Its March Toward $75

Litecoin Continues Its March Toward $75 It appears the Litecoin uptrend is here to stay. A few weeks ago, it seemed unlikely that this altcoin’s price would surpass US$55 on a permanent basis. Right now, a rise to US$75 isn’t out of the question. With a Litecoin price of US$71.89 at the time of writing, things are looking…

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