Auto Added by WPeMatico

Bitcoin Adoption Grows Following Lightning Network’s Nodes Doubling

The mainstream adoption of Bitcoin (BTC) may soon be a reality following the Lightning Network’s nodes doubling. Bitcoin’s Scalability Issues Data from Bitcoin Visuals suggests that the number of Lightning Network nodes grew from 4,000 – 5,000 between April 2019 and April 2020 before skyrocketing to over 10,000 this month. The growth stems from the Read More

Continue Reading Bitcoin Adoption Grows Following Lightning Network’s Nodes Doubling

Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers transactions involving monero (XMR) and second-layer payment solutions such as bitcoin’s lightning network (LN) – features considered by the IRS as conduits for criminal financial activity. Privacy coins are primarily built for the purpose of hiding financial transactions from unwanted attention, such as law enforcement. But the IRS is paying both Chainalysis and Integra up to $625,000 each –…

Continue Reading Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

Bitcoin: LN’s adoption rates well below expectations, thanks to exchanges

Bitcoin’s potential use cases have evolved a lot since its launch over a decade ago, with quite a few factors contributing to the same; scalability being one of them. Interestingly, in a bid to boost Bitcoin’s scalability as a payment solution and to improve on its security features, the Lighting Network was once pitted as the go-to layered solution. However, not much has come out of this implementation, a development that leads to the question of whether the promises of the Lightning Network still have an audience within the ecosystem. Speaking on the latest episode of the Stephen Livera podcast…

Continue Reading Bitcoin: LN’s adoption rates well below expectations, thanks to exchanges

End of content

No more pages to load