Statechains: Sending Keys, Not Coins, to Scale Bitcoin Off-Chain

Block space is limited: The Bitcoin blockchain can only process some 10 transactions per second, at most. To resolve this, Bitcoin’s technical community is developing second-layer protocols that process transactions “off-chain,” such as the Lightning Network and sidechains. Using clever cryptographic tricks, these transactions are batched to periodically settle on the Bitcoin blockchain as a ...

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BRD Partners With Wyre to Offer Industry Low Bank Transfer Fees for Crypto

BRD, the most secure cryptocurrency mobile wallet trusted by over 2 million users in 170 countries, now allows U.S. customers to purchase bitcoin, ether and dai using bank transfers. This new capability for U.S. customers is supported by over 1,700 U.S. banks enabled by a new partnership with Wyre, a leading payments provider for the blockchain industry.       The new ...

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Mobile Mesh Network Users Get New Incentives via Lightning

Mobile mesh network company goTenna has released the white paper for its new Lot49 protocol, an open-source project headed by company subsidiary Global Mesh Labs. goTenna has previously made headway in the crypto space with its work on decentralized mobile mesh networks, attempting to create a censorship-free method of carrying out bitcoin transactions without the need of an internet connection. ...

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Benchmark Rankings Launched to Combat Faked Cryptocurrency Exchange Data

CryptoCompare, an English cryptocurrency data analysis firm, has launched a unique exchange benchmark product which would help provide safeguards against false exchange volume reports. On June 12, 2019, the firm revealed that its new product was developed as a means of stemming widespread concerns that numerous crypto exchanges around the world have been inflating their trading volumes. Eliminating Faked Cryptocurrency ...

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Shadow Banking Explained: How Crypto Companies Play With Money in the Dark

In the narrative fabric of 2019, a common thread has been the vulnerability and counterparty risks of centralized exchanges and their detrimental effects on clients caught in the crossfire of hacks, mismanagement and fly-by-night fraud. Barely into the new year, the topic was red hot. News of QuadrigaCX’s insolvency following the suspicious death of its founder (who allegedly passed with ...

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Bitcoin Price Analysis: Bullish Breakout Tests Macro Resistance

Summary: After a week and a half of consolidation, the bitcoin market finally broke north of its range. However, the weekly resistance band has yet to be broken and, unless we clear this level and flip it as support, there is a very strong chance we will actually reverse this breakout with a strong move to the downside.A resistance flipped ...

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The Coinbase Card Expands to Six More European Countries

Popular cryptocurrency exchange Coinbase has expanded its Visa debit card access to six European countries. Coinbase Card is now available to clients in Germany, Spain, the Netherlands, Italy, France and Ireland, according to a June 11, 2019, announcement. Coinbase users within these countries can now spend their crypto assets online and in physical stores where debit cards are accepted. The ...

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Coinsource and Expanding the Bitcoin ATM Network

ATMs certainly seem simple: Insert card, grab cash. And Bitcoin ATMs should follow the same logic. But like plenty of tech that makes life easier, ATMs are a surprisingly complex web of devices bunched up in one box. Dig deeper, and you’ll find a CPU, chip card reader, PIN pad, secure cryptoprocessor, display, function key buttons/touchscreen, dispensing and deposit mechanisms, ...

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Report: Bitcoin Negatively Correlated With Traditional Markets

Bitcoin (BTC) trading platform SFOX has released a report on the volatility of the cryptocurrency market in May 2019, finding that the value of crypto is negatively correlated with the success of traditional markets. SFOX published the study on June 6, 2019, claiming that in May “BTC had a nearly perfect negative correlation with the S&P 500, highlighting public interest ...

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