Opinion

BitMEX researched on Bitcoin Lightning Closure and found out that more than 60k non-cooperative channels got dissolved. Seventy-two percent were public channels, while twenty-eight percent were private channels. Instead of considering channel count-based metric, the research perceived the numbers closed as per the value of Bitcoin. The amount of Bitcoin used by the non-cooperative channels amounted to 1070. The public channels used 993 Bitcoins, while the private channels used 131 Bitcoins. When the value count gets considered, the research data…

Recently, there is a rise in women and children trafficking in the United States. However, critical observation of human trafficking is currently ongoing. The US lawmakers, and the Department of Justice under the Attorney General William Barr, are considering the prohibition of cryptography. Barr is against end-to-end encryption and believes human traffickers highly depend on digital communication and the internet, and these perpetrators should get detected and addressed. Barr also pointed out that digital proof is undergoing encryption and that…

Mode is a British company established in 2018, and its parent firm is known as R8 Group. Mode offers financial services and gets backed by Twitter’s joint founder, Biz Stone. The company recently launched its Bitcoin (BTC) banking app devices, running iOS. The new app is now available globally, apart from in the US. This app can get utilised in buying Bitcoin using bank cards, or through bank transfers. The additional processing of the funds is through digital assets custodian,…

Elon Musk, the chief executive of Tesla and SpaceX, got tired of online cryptocurrency scams. On the 1st of February, Musk warned his Twitter followers of cryptocurrency scams which are attaining new levels each day. Scammers involving non-digital currency scams hijack Twitter accounts with an official ‘verified’ seal, and then change usernames to look like renowned individuals’ names in the tech space. These scammers then manipulateTwitter users to send them bitcoins to spurious accounts. How Some Cryptocurrency Scams Occurs and…

The CEO of Mastercard, Ajay Banga, recently talked about why the firm left the Libra association in an interview with the Financial Times.  Facebook also added Mastercard, Visa, Paypal, and Stripe, as members of the Libra association. However, they abandoned the association in October last year without any appropriate explanation. There were, nevertheless, rumors that they feared running afoul of regulators. Reasons Why Mastercard Left Libra Association According to Banga, Libra lacks transparency, and compliance is also a significant reason.…

The US is experiencing declines in the market sector, and people blame it on the coronavirus pandemic. Nevertheless, Peter Schiff, a Bitcoin critic, believes that investors are leveraging the outbreak to sell the market. In January, the cryptocurrency market experienced uptrends that made ETH, BTC, and LTC gain more than 20%. However, the US market declined, leading to the attainment of 2019’s lows. Recently, the Chinese market also decreased by 8% despite PBOC pumping $174 billion. Schiff on Twitter about…

For a while, criminals have used Bitcoin and other cryptocurrencies, and this can get traced back to the Silk Road days and when the ICO bubble was ongoing. On the other hand, Lawmakers tried to prohibit cryptocurrency technology, but eventually, some now embrace it. However, there are many global watchdogs trying to regulate the domain. At the last edition of  ‘off the chain’ podcast, Doney spoke about cryptocurrency transactions. Doney is the CEO of Securency; he supports the privacy aspect…

This year, Bitcoin has surpassed many hurdles while performing beyond many people’s expectations. The performance has seen the cryptocurrency impressively move from $7k to $9k, an upsurge that took place only in weeks. At press time, BTC value was standing at the $9,355.88 mark. In a recent interview, Galaxy Digital’s Mike Novogratz spoke about his assurance that Bitcoin’s price would perpetually rise this year. Novogratz says the significant size of liquidity spreading around the United States economy combined with the…

Reports from recent times have shown that Zebpay, the Singapore-based cryptocurrency exchange platform, has made a comeback to the Indian market. Zebpay has been closed in India for more than a year. The closure came about due to India’s cryptocurrency market suppression as the RBI cut off financial services to exchanges months before. Zebpay closed up shop in India on 28th September 2018. However, on 29th January, the IBS intelligence announced Zebpay would finally continue to avail its services for…