Technology

Simon Johnson is a Ronald A. Kurtz Professor of Entrepreneurship, MIT Sloan School of Management. The following article originally appeared in Consensus Magazine, distributed exclusively to attendees of CoinDesk’s Consensus 2019 event. The promise and potential of bitcoin as a technology is frequently described in terms of a platform. On top of bitcoin’s permissionless blockchain,
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Adam Back, CEO of bitcoin technology startup Blockstream, dove into the lesser-known uses for beaming bitcoin from space during a presentation at Consensus 2019 on Tuesday. The startup launched its cryptocurrency-focused satellite product nearly two years ago with the primary goal of giving people who don’t have an internet connection another way to download a bitcoin
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HTC’s blockchain phone, the EXODUS 1, now allows users to directly swap between some cryptocurrencies within its native wallet, the Taiwanese electronics giant announced Tuesday. The new feature comes thanks to a new partnership that sees HTC add the liquidity protocol from decentralized exchange startup Kyber Network to its Zion Vault wallet app. The addition means users can swap
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Sending bitcoin transactions without an internet connection just got a little bit easier. Announced at the Magical Crypto Conference on Saturday in New York City, Blockstream Satellite and goTenna are integrating their technologies to make it easier to send bitcoin transactions with technology used to onboard people without direct internet connections. Blockstream Satellite is a
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Open Money Initiative (OMI) co-founder and Venezuelan expat Alejandro Machado wants to help his homeland while remaining realistic about bitcoin. The truth is, Venezuelans haven’t abandoned the inflation-riddled bolivar as quickly as he expected, namely because it is so difficult to use digital currencies inside Venezuela’s borders. “No one wants [the bolivar] but people need
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Cryptocurrency exchange Gemini announced Monday that it has added “full” support for segregated witness (SegWit), an important bitcoin code change that paves the way for scaling improvements. While many bitcoin companies have adopted SegWit to some degree, Gemini is unique in it’s the largest bitcoin exchange thus far to roll out support for “native SegWit
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UPDATE (April 8, 13:40 UTC): The funding round was led by Initialized Capital, not Pantera Capital. The headline has been updated. A San Francisco-based decentralized exchange (DEX) called Sparkswap launched Monday, becoming the first North American exchange to fully integrate the lightning network, a bitcoin scaling solution. Sparkswap is funded by a $3.5 million seed
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Bitcoin management startup Casa now offers a full suite of cypherpunk devices. Revealed exclusively to CoinDesk, Casa just rolled out “Faraday bags” for hardware cryptocurrency wallets – protective cases made to block electronic signals often associated with remote wiping or alteration of the data stored on hardware devices. “We didn’t see anyone else providing a
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Blockchain technology startup Blockstream has unveiled a revamped version of its bitcoin wallet, now called Blockstream Green. Perhaps the biggest overhaul of the wallet since Blockstream acquired it as GreenAddress back in 2016, the startup says it rebuilt the wallet “from the ground up,” adding new features that make storing bitcoin more secure and flexible. In addition
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An experimental service that allows users to pay for futures data from exchanges Kraken and BitMEX with bitcoin’s in-development lightning network is now live. Launched by SuredBits Monday, the application programming interface (API) allows developers access to information about available futures contracts, specifically, according to CEO Chris Stewart: “You will be able to subscribe to market
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In what appears to be a first-of-its-kind transaction, two developers working in separate countries have successfully sent a bitcoin lightning payment over radio waves. Organized over Twitter this past weekend, the transaction was sent by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKite, to developer and Bloomberg columnist Elaine Ou. The completed payment effectively moved real bitcoin from
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New improvements to an existing code repository are set to make it easier for developers to build their own features into bitcoin’s lightning network, the in-progress tech layer many see as the cryptocurrency’s best hope for its use in payments. Announced Thursday, Blockstream is making the largest upgrade to its c-lightning software in eight months, releasing
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