Monthly Archives: June 2022

Improving The Privacy Of The Lightning Network’s Gossip Protocol

Currently, the gossip protocol introduces privacy leaks and concerns that could be remedied while condensing the amount of messages sent. This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. The Lightning protocol works by atomically updating payments across multiple payment channels in such a way that everything confirms or fails all together — i.e., it routes payments across multiple hops. An integral part of any routing-based system is a routing table, a collection of all the information […]

More info

Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch

Steady growth in its active users, the stability of the RSV stablecoin and investors’ anticipation over the upcoming mainnet launch could boost RSR price in the short-term. Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent. In the last five years, there have been a number of blockchain projects that aim to mirror Bitcoin’s original mission […]

More info

Wild West-Based Battle Royale Blockchain Game Grit Gets Listed on the Epic Games Store

On June 6, the Web3 entertainment company Gala Games announced that the Wild West-focused battle royale blockchain game Grit will soon be available via the Epic Games Store and accessible to 194 million users. The well known company Epic Games is the producer of the Unreal Engine and the popular online video games Fortnite and Gears of War. Blockchain-Powered Grit Gets Added to the Epic Games Store — Gala Games Exec Says Epic Listing Brings Legitimacy to This New Genre of Gaming The Epic Games Store currently […]

More info

Bitcoin, Personality And Development Part Four — Bitcoin, Religion And Morality

Bitcoin’s crowning achievement is the reintroduction of economic consequence. Like Old Testament God, it leaves no room for sin, lies or deceit. This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” Part 4, Chapter 4 of the JBP series. The series continues. If you’ve not yet read chapters one through three, you can find them here, and of course make sure you’ve read Part One, Part Two and Part […]

More info

US Senators Discuss Highly Anticipated Bitcoin Bill

Senators Cynthia Lummis and Kirsten Gillibrand will introduce the Responsible Financial Innovation Act for regulatory clarity for bitcoin and cryptocurrencies. On Tuesday, June 7, 2022, Cynthia Lummis, a Republican senator and rancher from Wyoming, and Kirsten Gillibrand, a Democrat senator and securities lawyer from Albany, New York, will introduce the Responsible Financial Innovation Act. This bill is a broad, sweeping attempt to regulate bitcoin and other cryptocurrencies. In Lummis’ words, the bill will “fully integrate digital assets into [the] financial system” and bring order to the crypto […]

More info

Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event

BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from Glassnode warns of another final sell-off. The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers “are now underwater” and the market is gearing up for a final capitulation event.  Bitcoin net unrealized profit/loss. Source: Glassnode As seen in the […]

More info

LUNA 2.0 Token Loses 56% Since Last Week, Whistleblower Accuses Terraform Labs of Owning Shadow Wallets

After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In addition to the defi projects re-joining the Terra ecosystem, the whistleblower known as Fatman continues to accuse Terraform Labs (TFL) and Do Kwon of manipulative tactics such as allegedly lying about making LUNA 2.0 community-owned. Fatman alleges […]

More info

Crowdfunding On A Bitcoin Standard With Geyser

Geyser aims to create a full-fledged Bitcoin crowdfunding platform for creators and creatives to monetize projects through community support. Geyser is a Lightning-native, non-custodial Bitcoin crowdfunding platform that makes it possible for anyone to create and fund campaigns for projects from anywhere in the world. The team at Geyser is working to give creators and organizers a platform to raise funds for projects while providing more transparency on the state of their campaigns. Similar to Kickstarter and GoFundMe, Geyser offers project pages that allow supporters to donate, […]

More info

Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?

A key derivatives metric used by margin traders has hit a record-high, but there’s plenty of risk and a catch to consider. Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date. Investors who keep a close eye on regulatory development were possibly scared after New York state made clear its intention to […]

More info

IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February

It’s unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds. On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital assets during a critical exploit. The firm’s client accounts were held in Gemini’s custody. On February 8, a breach led to the siphoning of $36 million in crypto assets from customers’ accounts via unauthorized withdrawals.  Since then, both […]

More info
1 2 3 5