Technology

Cryptocurrency custody startup Casa has just launched a browser extension for its lightning network-enabled bitcoin node. Now, users will be able to interact with their Casa Nodes – hardware devices that connect to and help validate the bitcoin blockchain – directly on any cryptocurrency website that boasts lightning network functionality. Lightning is a layer-two payments
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A new token backed one-to-one with bitcoin is now live on the ethereum blockchain. “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening. The project was first unveiled in October as a joint initiative between decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. As stated on the
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Blockchain technology firm Bitfury has released a suite tools aimed to drive adoption of bitcoin’s lightning network. Although the network is still under development, Bitfury announced a comprehensive product list to support the tech on Wednesday, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It
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It’s been over a year since the scaling upgrade known as segregated witness, or SegWit, was activated on the bitcoin network. Even so, only an estimated 36 percent of all bitcoin transactions are actually using it. Why the minimal adoption rate? It’s largely because, like any backward-compatible upgrade (otherwise called a soft fork), SegWit ensures participants in the
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Stockholm-based startup Bitrefill now offers a way to mitigate bitcoin’s expensive learning curve for new users. Revealed exclusively to CoinDesk, Bitrefill’s new Thor service allows people to give lightning channels to someone else with no setup on the recipient’s side. Lightning was created to allow cheaper, off-chain bitcoin payments. Bitrefill’s John Carvalho told CoinDesk: “Thor allows
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Today marks the debut of a new cryptocurrency, called Beam – one of two highly-anticipated privacy coins implemented with the so-called “mimblewimble” protocol. The mimblewimble protocol, which is touted as a way to make transactions confidential and virtually untraceable, first appeared in the summer of 2016, and has been widely anticipated ever since. While another
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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ——- After a gloomy look at the state of cryptoland two weeks ago, it’s time for
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Global tech giant Intel, known for its widely-used computer processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark Office awarded the company a patent outlining a processor which claims to be able to conduct “energy-efficient high performance bitcoin mining,” specifically naming the
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Joseph Bonneau is an assistant professor at New York University and co-author of “Bitcoin and Cryptocurrency Technologies,” a popular textbook.  This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. The Bitcoin white paper has been, rightfully, recognized as one of the most original and influential computer science papers
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Joseph Bonneau is an assistant professor at New York University and co-author of “Bitcoin and Cryptocurrency Technologies,” a popular textbook.  This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. The Bitcoin white paper has been, rightfully, recognized as one of the most original and influential computer science papers
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Dan Held is the founder of crypto portfolio service Picks & Shovels. He previously founded data service ZeroBlock, which sold to Blockchain, and served as VP of product at ChangeTip.  This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. In my last article, “Seasons,” I covered the precise
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In January, a new token is being launched on the ethereum blockchain that will be backed one-for-one by bitcoin. The companies behind the initiative include decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. What’s more, a number of ethereum-based projects are also reported to support adoption of the token once
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Mobile payments startup Square is making its bitcoin cold storage solution open-source. Alok Menghrajani, a security engineer for the company, announced in a blog post on Tuesday that the documentation, code and tools for the company’s “Subzero” bitcoin cold storage solution are now publicly available on Github. Menghrajani said Square uses Subzero to hold bitcoin assets
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Bitcoin mining computer manufacturer Bitmain has released a software update for its Antminer s9 devices, using controversial code to allow them to more efficiently mine bitcoin. Bitmain announced Monday that the just-released firmware will support “overt AsicBoost” functionality, bringing a speed boost to the miners. Notably, while Bitmain is only just now enabling these mining
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