FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network

Many are predicting that 2019 will be the year Bitcoin’s Lightning Network sees massive growth and becomes a more common way to make bitcoin payments, and a new company based in England's East Midlands hopes to help with that process.Today, FastBitcoins.com has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network integration. ...

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Blockstream Breaks into Japanese Market with JPY Stablecoin, Partnership

Blockstream is partnering with Japanese fintech giant Digital Garage to bring a JPY stablecoin to the Bitcoin network.To spearhead the project, Blockstream and the ¥120 billion (just over $1 billion) firm are working under the label Crypto Garage with the help of Tokyo Tanshi, the “largest inter-dealer broker in Japan w/ billions in trades daily,” according to Samson Mow, Blockstream’s ...

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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the ...

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Simon Dixon Reflects on the 10th Anniversary of Bitcoin

With the 10th anniversary of Bitcoin’s initial launch under the industry’s belt, and it’s hard to believe how far the space has traveled in that time. Bitcoin Magazine has asked a number of long-time members of the space to reflect on their experiences, and published author Simon Dixon spoke with us about some of his observations over the years.Dixon has ...

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New Zap Point-of-Sale App Enables Merchants to Accept Lightning

A new point-of-sale (PoS) app released by Zap allows merchants to independently accept transactions on the Lightning Network.Jack Mallers, the founder of Zap, described some of the properties of this new app on a recent Twitter thread. Mallers also spoke with Bitcoin Magazine to elaborate on some of the inner workings of the project.Zap’s new PoS protocol was recently put ...

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Graftroot: How Delegating Signatures Allows for Near-Infinite Spending Variations

This article is a direct follow-up from our Taproot explainer. If you haven’t read that article, you should probably do so first.If Taproot is deployed on Bitcoin, many smart contract constructions will look just like regular transactions on the blockchain. As long as all participants agree on the outcome of the contract — a “cooperative close” — the clever combination ...

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Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia

Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings.BRD will use the funds to scale its operations into the Asian market.“It’s very gratifying to see such a significant financial institution ...

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Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin

Bitcoin users may, before long, be able to benefit from a trick called “Taproot.” First proposed by Bitcoin Core contributor and former Blockstream CTO Gregory Maxwell, Taproot would expand on Bitcoin’s smart contract flexibility, while offering more privacy in doing so. Even the most complex smart contracts would, on the blockchain, typically be indistinguishable from regular transactions.While a big undertaking, ...

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Cboe Pulls Its Proposal for SolidX/VanEck Bitcoin ETF

The Chicago Board of Exchange (Cboe) is pulling the plug on the SolidX and VanEck bitcoin exchange traded fund (ETF) proposal, adding another twist to a regulatory saga that can’t seem to find an ending.According to a January 23, 2019, statement from the U.S. Securities and Exchange Commission (SEC), the exchange operator sent the agency a petition to withdraw its ...

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Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties ...

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