Technology

Sending bitcoin transactions without an internet connection just got a little bit easier. Announced at the Magical Crypto Conference on Saturday in New York City, Blockstream Satellite and goTenna are integrating their technologies to make it easier to send bitcoin transactions with technology used to onboard people without direct internet connections. Blockstream Satellite is a
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Open Money Initiative (OMI) co-founder and Venezuelan expat Alejandro Machado wants to help his homeland while remaining realistic about bitcoin. The truth is, Venezuelans haven’t abandoned the inflation-riddled bolivar as quickly as he expected, namely because it is so difficult to use digital currencies inside Venezuela’s borders. “No one wants [the bolivar] but people need
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Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT). As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects
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Cryptocurrency exchange Gemini announced Monday that it has added “full” support for segregated witness (SegWit), an important bitcoin code change that paves the way for scaling improvements. While many bitcoin companies have adopted SegWit to some degree, Gemini is unique in it’s the largest bitcoin exchange thus far to roll out support for “native SegWit
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UPDATE (April 8, 13:40 UTC): The funding round was led by Initialized Capital, not Pantera Capital. The headline has been updated. A San Francisco-based decentralized exchange (DEX) called Sparkswap launched Monday, becoming the first North American exchange to fully integrate the lightning network, a bitcoin scaling solution. Sparkswap is funded by a $3.5 million seed
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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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