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Exclusive: ‘Nothing Is Above Bitcoin, No CBDC, No Stablecoins,’ Says Blockstream CEO Adam Back

News In an exclusive interview with Cointelegraph, Blockstream CEO Adam Back stated that for him, nothing is above Bitcoin, not even stablecoins or other coins issued by central banks. Adam Back invented the hashcash proof of work system, and was one of the first people to work with Bitcoin (BTC)...

Bitfinex Crypto Exchange Moves $1.5M of Stablecoin to Bitcoin Sidechain

News Cryptocurrency exchange Bitfinex moved 1 .561 million Tether (USDT) from the Omni Protocol to the Liquid Bitcoin (BTC) sidechain. Bitfinex CTO Paolo Ardoino announced the U.S. dollar-pegged stablecoin’s protocol swap on Twitter on Nov. 2. The conversion increases the quantity of USDT availabl..

Here’s How Much Bitcoin Is Currently Locked Up in Sidechains

News Almost $77 million of Bitcoin (BTC) is currently unavailable to use on the network — not because it is lost, but because it is locked up in sidechains. Bitcoin sidechains: a nascent marketData from block explorers confirms that as of Oct. 17, a total of 9,661 BTC ($76.96 million) or a tiny 0..

Blockchain Is a New Frontier According to Top Executives, Investment Levels Plummet

Analysis There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of..

Bitcoin Maximalists Embrace Ethereum After Receiving an Offer They Can’t Refuse

A group of hardcore bitcoin maximalists have heroically overcome their hatred for Ethereum after receiving ERC20 shares in crypto exchange INX worth hundreds of thousands of dollars. The staunch BTC loyalists, led by Blockstream CTO Samson Mow, have agreed to support a project built on Ethereum, des..

SegWit Creator Introduces New Language for Bitcoin Smart Contracts

News Bitcoin Core developer Peter Wuille has introduced new Bitcoin (BTC) smart contract programming language dubbed Miniscript. Wuille, a creator of major Bitcoin network upgrade SegWit, announced the Miniscript project website on the mailing list message for Bitcoin developers on Aug. 19. As not..

Bitcoin Lightning Network Implementation C-Lightning Gets an Upgrade

News Blockchain development company Blockstream announced the release of version 0.7.2 of its scalability software c-lightning. On Aug. 20, Christian Decker, a blockchain researcher at Blockstream, announced the new release on Twitter. According to the post, the latest version of c-lightning suppo..

Bitcoin Base Layer Not Good for Payments: Declares Blockstream Exec

“Bitcoin: A Peer-to-Peer Electronic Cash System” is the title of the original white paper for the world’s favorite cryptocurrency. This simple line, which may not convey much to the average reader, has led to mass discourse within the cryptocurrency community. The individuals behind Bitcoin Cash be..

Bitcoin Is Bad for Payments, But Lightning Solves This: Samson Mow

News Blockstream Chief Strategy Officer (CSO) Samson Mow says Bitcoin (BTC) is bad for payments but the Lightning Network solves this. Mow — who is also a co-founder of formerly top cryptocurrency exchange BTCC — made his remarks in an interview for SFOX blog on Aug. 15. Lightning changes the whol..

Blockstream Unveils Bitcoin Mining Center as Hash Rate Surges

Blockstream, by many measures, is one of the most important companies to the Bitcoin and broader cryptocurrency ecosystem. The San Francisco-based company, which was founded by the creator of the Proof of Work system that Bitcoin leverages, has found itself involved in some of the industry’s most i..

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