November 19, 2018

Lightning Network Grows By 200% As Bitcoin Defies Price Slump To Dominate The Market

November 19, 2018 boss

The last few days have been messy for the crypto market, but it’s been a pretty rosy period for the Bitcoin Lightning Network. This development might contradict some people’s views that Bitcoin may be losing its momentum in the campaign for mass adoption. As a matter of fact, the current data based on the crypto’s performance on the Lighting Network proves otherwise. It All Started With A New Layer The Lightning Network came into being about a year and half ago, and it’s designed to solve Bitcoin’s scalability problem.…

Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang

November 19, 2018 boss

On Nov. 18, a few days after the Bitcoin Cash (BCH) fork, Openbazaar developer Chris Pacia announced the launch of Bchd, a full node implementation of the BCH chain written in Golang. Pacia and contributors have detailed that it’s been over two months since the Bchd client was forked from Btcd reference code and so far the new library has seen a “large amount of development.” Also Read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails The Bitcoin Cash Bchd Library The Bitcoin Cash community has been introduced…

Columbia University, IBM Launch Two Accelerator Programs for Blockchain Enterprises

November 19, 2018 boss

IBM and Columbia University have announced two blockchain accelerator programs that aim to help startups in the space innovate at scale, according to an IBM news release Nov. 19. Both programs form part of the Columbia-IBM Center for Blockchain and Data Transparency, a joint innovation center that was established by the tech giant and U.S. ivy league school this summer. According to the release, each program will support ten startups, offering them a network of business mentors, technical support, access to Columbia’s student talent and “research community,” design assistance, and…

Tencent Games Forms Partnership with Blockchain Esports Platform

November 19, 2018 boss

Twitter Facebook LinkedIn Tencent Games has announced a collaboration with SLIVER.tv, a blockchain esports entertainment platform to create a 24/7 live esports channel that will feature streamers from FaZe Clan, Method, and NRG, in addition to interactive functionality such as prediction games, trivia, and prizes for viewers. Making the announcement on November 19, the game development behemoth, which is behind the popular Ring of Elysium battle royale game, revealed that the channel would be powered by Theta rewards, and users would be able to purchase in-game items and upgrades using…

Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

November 19, 2018 boss

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency sector still is. On Thursday, the bitcoin cash (BCH) network split into two after disagreements among critical stakeholders of the BCH community. Now, there is the BCH Bitcoin ABC chain and the BCH Bitcoin SV chain, both of which are being mined. While the Bitcoin ABC side, backed…

Top Crypto Exchange Huobi Pays Its Dues to Beijing by Setting up Communist Party Committee

November 19, 2018 boss

The company behind major cryptocurrency exchange Huobi has created a Communist Party branch as part of its obligations to the Chinese state, the company’s U.S.-based subsidiary Huobi Info confirmed Nov. 16. Singapore-based Huobi, which was founded in China and has sought considerable international expansion this year, has appeared to opt for “closer ties” with the government. As local news outlet South China Morning Post notes, the company is creating the Party branch at an additional subsidiary, Beijing Lianhuo Information Service (BLIS). The opening attracted an audience and speeches, including comments…

Bitmain Opens New Bitcoin Mining Facility in Washington State

November 19, 2018 boss

Bitmain Opens New Bitcoin Mining Facility in Washington State November 19, 2018 by Ian Edwards Bitmain unveiled a new bitcoin mining facility in the United States on November 16th in the western state of Washington. With 8,100 Antminers and 12 megawatts of power capacity, the farm is carefully designed to optimize the mining process. It’s the latest sign that the company is not letting the crypto bear market slow it down. Also see: Jihan Wu: ‘I Have Huge Confidence in the Future of Bitcoin Cash’ Subscribe to the Bitsonline YouTube channel for great…

Russian Authors’ Society to Launch Blockchain Platform for Intellectual Property Loans

November 19, 2018 boss

Major NGO the Russian Authors’ Society (RAO) will launch a blockchain-based financial platform for intellectual property-secured loans, according to Russian news outlet TASS Nov. 16. RAO’s CEO Alexander Sukhotin revealed that the project, dubbed CoFi, is at its final stages of development and is set to be launched in the first quarter of 2019. The platform intends to bring together potential intellectual property rightsholders and investors that are ready to provide loan funds. The intellectual property market is facing a significant need for a system that will enable direct communication…

Russian Authors’ Society to Launch Blockchain Platform for Intellectual Property Loans

November 19, 2018 boss

Below $5K: Bitcoin Drops $500 to Set New 2018 Low

November 19, 2018 boss

Bitcoin dropped below $5,000 for the first time in over 13 months on Monday. CoinDesk price data reveals the world’s largest cryptocurrency by market capitalization fell to $4,981 shortly after 16:30 UTC on Monday, signifying a dollar-decline of more than $500 for the day when the move occurred. That’s the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 – still signifying a decline of more than 9 percent. The broader cryptocurrency market accompanied BTC in its steep sell-off and has shed…