Technology

Bitmain, the largest manufacturer of cryptocurrency mining equipment by market share, is scaling up its capacity to mine bitcoin itself ahead of an expected drop in electricity costs in China this summer. According to mining farm operators in China’s southwestern provinces familiar with Bitmain’s plan, the Beijing-based company will be deploying about 200,000 units of
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Blockchain technology startup Blockstream has unveiled a revamped version of its bitcoin wallet, now called Blockstream Green. Perhaps the biggest overhaul of the wallet since Blockstream acquired it as GreenAddress back in 2016, the startup says it rebuilt the wallet “from the ground up,” adding new features that make storing bitcoin more secure and flexible. In addition
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An experimental service that allows users to pay for futures data from exchanges Kraken and BitMEX with bitcoin’s in-development lightning network is now live. Launched by SuredBits Monday, the application programming interface (API) allows developers access to information about available futures contracts, specifically, according to CEO Chris Stewart: “You will be able to subscribe to market
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In what appears to be a first-of-its-kind transaction, two developers working in separate countries have successfully sent a bitcoin lightning payment over radio waves. Organized over Twitter this past weekend, the transaction was sent by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKite, to developer and Bloomberg columnist Elaine Ou. The completed payment effectively moved real bitcoin from
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New improvements to an existing code repository are set to make it easier for developers to build their own features into bitcoin’s lightning network, the in-progress tech layer many see as the cryptocurrency’s best hope for its use in payments. Announced Thursday, Blockstream is making the largest upgrade to its c-lightning software in eight months, releasing
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An ongoing experiment with bitcoin payments technology, the lightning network, continues to see support from some big name individuals and companies. The latest to receive a payment in a chain of transaction now known as the”Lightning Torch” are the digital assets team at financial giant Fidelity Investments and LinkedIn co-founder Reid Hoffman, both of whom
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When “liking” your favorite tweet isn’t enough, you can now send small bitcoin transactions. Announced Saturday, the beta app Tippin has released a new Chrome Extension available to Google browser users. Over Twitter, app users can send bitcoin payments via the Lightning Network, considered a way to make bitcoin transactions feasible at a large scale for
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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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