Earlier this week, BMO Financial Group (Bank of Montreal) has banned credit and debit card ‎customers from buying cryptocurrencies, another blow for the crypto-traders ‎who recently saw a sizable number of banks deciding not to ‎finance the cryptocurrency asset class. BMO’s decision followed several of the biggest Canadian banks banning...
Although Lightning Netwok is still in beta, number of wallets and apps built for it (named conveniently LApps) grows like mushrooms after rain. Here are some of the most interesting ones listed in the LN apps and wallets directory. LNCast is a podcatcher that allows creators to monetize their podcasts using micropayments on...
What is MAST MAST, short for Merkelized Abstract Syntax Trees, proposes to improve Bitcoin by changing how smart contracts are written to the blockchain. In effect, it allows smart contracts to be split into their individual parts. This has several benefits in terms of privacy, transaction size and allowing for...
The LN node count has progressed impressively from 29 nodes in January 2018 to over 1,500 active nodes currently. Lightning has achieved significant growth, both on its testnet and mainnet implementations, since these launched in December 2017. This accomplishment is particularly impressive given that Lightning boasted a measly 29 nodes back in mid-January. Among other...
If you’re keeping a finger on the pulse of Bitcoin development, you’ve probably already heard about Schnorr signatures. The technology looks to replace bitcoin's existing signature scheme with one that mashes signature data together. The concept is so attractive partly because it clears up space in the blockchain, which should...
In Africa, Bitcoin's popularity continues to soar. The crypto-currency market offers Africans the means to take control of their financial destiny. The buying and selling of Bitcoin in Africa continues to grow at a remarkable rate. The majority of digital currency activity may take place in Asia, but this is...
A. C. Milan, an Italian football club, is in financial trouble and its owner, Chinese tycoon Yonghong Li, was planning to tackle the Rossoneri crisis with crypto coins. However, his attempt was unsuccessful due to Li's own delicate financial situation. The Chinese businessman, in order to acquire the Italian club,...
For over a year, one argument has persisted in discussions about Bitcoin: transaction fees are horrendous. Who wants to use Bitcoin as a means of payment if the fee is higher than the price of the goods purchased? But is this still true? The network raises transaction costs In early 2017,...
While bitcoin is the best known and most valuable crypto currency, its blockchain faces numerous challenges - mostly privacy and scalability related. To overcome these challenges and expand the crypto currencies as a whole, tech pioneers have created many new alternative currencies aka altcoins, each with its own blockchain....
The fact that computer or mobile games enable in-app purchases with virtual money is nothing special. Individual games also offer players rewards in crypto currencies. Players of the new Japanese game "Itadaki Dungeon" can earn some Milli-Bitcoins with a bit of luck. Itadaki Dungeon is a free 2D action game...