Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning Network’s Capacity Drops by Over $20M…
Read more
Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024. Blockchain technology firm Blockstream is looking to raise up to $50 million to purchase and store mining equipment that it perceives to be undervalued on secondary markets. Speaking exclusively to Cointelegraph, Blockstream mining sales head James Macedonio unpacked the company’s…
Read more
Bitcoin infrastructure firm Blockstream has partnered with ZeroSync Association, a non-profit organization based in Switzerland, to broadcast Bitcoin zero-knowledge proofs via Blockstream’s satellite. Courtesy of this partnership, Bitcoin nodes will be able to sync from any location on earth, including those with poor internet coverage, in fractions of a second instead of hours or days. ……
Read more
Digital asset infrastructure firm Blockstream has secured $125 million in funding aimed at expanding its bitcoin mining facilities. Blockstream has received the funding in convertible note and secured loan financing, the company announced in a Tuesday press release, adding that it plans to use the money to expand its mining facilities amid increasing demand for large-scale hosting…
Read more
Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins.…
Read more
Back was one of the few people cited in the original Bitcoin whitepaper. Ever since his childhood years, Adam Back, now CEO of Blockstream, would spend his time fidgeting with programming code to look for encryption keys embedded in the software. Born in 1970, the London native completed his A-levels in mathematics, physics, and economics…
Read more
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital…
Read more
In particular, ROAST has been posited as a signature standard that could work with, and improve threshold signature schemes such as FROST. The research unit of Bitcoin (BTC)-focused blockchain tech firm Blockstream has published a proposal for a new type of multisignature standard called Robust Asynchronous Schnorr Threshold Signatures (ROAST). It hopes to avoid the…
Read more
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya,…
Read more
In this week’s DeFi newsletter we bring you an exclusive research report on Terra, Samson Mow’s shocking comment on DeFi and Fireblock’s latest DeFi institutional offering. The week was filled with several new project developments and key updates from leading decentralized applications (DApps) and decentralized finance (DeFi) protocols. Fireblocks has expanded its institutional access to…
Read more
