Day: November 14, 2018

Bitcoin’s Lightning Network Capacity Attains a New All-time High

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Photo: Pavlos Giorkas / Flickr The mainnet implementation of Bitcoin’s Lightning Network (LN) has attained a new milestone of 4000 nodes for the very first time. Lightning Network, as we know, is the second layer off chain scalability solution of the Bitcoin network. The network is designed to cater to a huge number of Bitcoin users while keeping the transaction costs low. According to the data resource 1ML, the number of nodes for the Lightning Network at the press-time is 4036. Of these 2911 nodes are currently public. Furthermore, the…

Bitcoin News Crypto Currency Daily Roundup November 14

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The rundown: Bitcoin and all major currencies were down in the morning; HSBC joins the Series B financing round of enterprise blockchain technology Axoni; GoverMedia Plus Canada to acquire European cryptocurrency exchange EXMO; Leading European companies selects IBM to drive blockchain innovation; SIMBA Chain to provide its cloud-based blockchain-as-a-service platform to the U.S. Air Force; and more. Here is what is happening in the cryptocurrency market on Wednesday. SEE: Espeo Blockchain To Set Up Office In Dubai After San Francisco, Poznan, Helsinki SEE: Scoota, Ternio Team Up To Introduce Enhanced…

Kik Selects Stellar Over Ethereum for Token Launch

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Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum. Kik’s token has had several homes in its short life. The company raised just shy of $100 million in crypto during a September 2017 initial coin offering. By November,…

Two Chains No More: Kik Selects Stellar Over Ethereum for Crypto Token Launch

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Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum. Kik’s token has had several homes in its short life. The company raised just shy of $100 million in crypto during a September 2017 initial coin offering. By November,…

CBDCs Can Alleviate Risks That Contributed to 2008 Financial Crash

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Stanley Yong, global lead for central bank digital currency (CBDC) solutions at IBM, has said that CBDCs can help to mitigate the risks that contributed to the 2008 financial crash. Yong spoke on his perspective of how to overcome the fragmentation of existing digital payment systems during an interview for CNBC’s Squawk Box Nov. 14. CBDCs, or national digital currencies, are virtual currencies that are issued and controlled by a federal regulator. CBDCs are not decentralized, like most cryptocurrencies — instead, they represent fiat money, only in digital form. Yong…

Mobile Messaging Giant Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

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Kakao Corp, the major internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter’s blockchain-based payment system, local news outlet The Korea Times reported Nov. 14. The new partnership agreement is to apply the former’s blockchain platform technology Klaytn, the brainchild of Kakao subsidiary Ground X, to blockchain-based payment system. Through two  firms cooperation, it is planned “to enhance core requirements for payment services, such as speed, stability and reliability,” says the…

Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend

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Today is a tough day for cryptocurrencies. A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could be called the crypto bottom level of this year. The monthly perspective also shows a stable recovery from circa $200 billion, according to data available at CoinMarketCap.com. Source: CoinMarketCap.com | Global Crypto Market Cap A rebound at this point…

Tokyo Police Arrest 8 Men Allegedly Involved in $68 Million Crypto Pyramid Scheme

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Tokyo police have arrested eight men that are suspected of collecting a total amount of $68.4 million in cash and cryptocurrency using a pyramid scheme, Japanese daily newspaper Asahi Shimbun reports Wednesday, Nov. 14. The suspects claimed to run a U.S. investment company dubbed “Sener,” conducting seminars with foreign speakers. The police report that at least one of the meetings has been recorded, with video uploaded on YouTube. During the seminars, the group of suspects promised monthly returns from 3 to 20 percent for the investments. The suspects also asked…

Fintage House To Accept Payment For Films Publishing Rights In TATATU’s Native Token TTU

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Fintage House has signed an agreement with TATATU, a blockchain-focused entertainment platform that will see the rights management firm accept payment for content rights in cryptocurrency. “Soon we expect to start drafting the first agreements where we shall be accounting and paying out in TTU Tokens, whereby through the appropriate platforms the tokens could be exchanged in fiat currency.” Niels Teves, co-CEO of Fintage House TTU token the official crypto for Fintage House Terms of the partnership deal as mentioned by Teves stipulate that TTU, the native coin for TATATU will…

AurumCoin Website Releases Detail Of Cryptopia Exchange Attack

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The AurumCoin (AU) website recently released a notice stating that the Cryptopia exchange attack took away all the AU coins from its Cryptopia wallets. Surprisingly, the exchange did not recognize any traces of hack or attack. According to AurumCoin, it lost around 15,752.26 AU from its wallets. One of the largest crypto exchanges in New Zealand, Cryptopia lists a wide range of coins with many small altcoins preferring this platform to start business operations. AurumCoin declares 51% cryptopia exchange attack AurumCoin, the first distributed open-source crypto supported by gold in…