Technology

The Oxford English Dictionary, published by the Oxford University Press, has added ‘satoshi’ to its compendium of the English language. First used less than seven years ago, satoshi is the newest word added to the dictionary. The addition was made as part of a quarterly update to the respected source’s database that also includes the words
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“Profit is a bug.” That’s according to Lightning Network co-creator and Lightning Labs co-founder Tadge Dryja, who spoke earlier this month at Scaling Bitcoin in Tel Aviv. However, 18 months after the namesake startup released the beta version of LND, Dryja’s sentiment is not stopping nearly a dozen lightning-related firms from pushing toward monetization. Such
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A pair of researchers have released the results of a formal verification of bitcoin’s lightning network. Lightning is new(ish), experimental, and bugs that could lead to loss of user funds are still being discovered. But even so, the paper – released last month by researchers Aggelos Kiayias and Orfeas Litos from The University of Edinburgh. Kiayias
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When hundreds of entrepreneurs, investors and technologists descended on Tel Aviv Blockchain Week (TLVBW), few could have expected a better backdrop for exploring the lofty ideals and greedy impulses that drive today’s cryptocurrency industry. Duality is something Israelis know well. More than 430 people attended the D&DD Summit on Sept. 10, several dozen came to
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Payments startup Breez has unveiled a new feature allowing lightning-based bitcoin purchases directly from its mobile app. The feature, made possible thanks to a partnership with fiat-to-crypto broker MoonPay, is available to users in 35 countries. According to the company, it simplifies the currently long-winded procedure for lightning payments. A “Layer 2” payment protocol that
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Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. Posted to the bitcoin developer mailing list Monday, the ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins. Programmers Wuille, Andrew
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Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Bitcoiners notoriously hate the ethereum-centric world of decentralized finance (DeFi), fueled by automated loan software. But two blockchain startups, Summa and Keep, are launching the Cross-Chain Working Group to bridge that divide with a protocol for using bitcoin on ethereum-based systems. The
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Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up here. Everything flourishes with a bit of attention – even attention itself. You may have
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Samsung has integrated bitcoin (BTC) functionality on its blockchain-enabled smartphones. The move comes months after the flagship Galaxy S10 range was launched in March with a “Blockchain Keystore” offering cryptocurrency storage and transactions for ether (ETH) and related ERC-20 tokens, but which notably excluded the number one cryptocurrency by market cap. The South Korean tech giant has
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Blockchain analytics firm Elliptic partnered with the Massachusetts Institute of Technology (MIT) to publish a public dataset of bitcoin transactions associated with illicit activity. The group’s study detailed how researchers at the MIT-IBM Watson AI Lab used machine learning software to categorize 203,769 bitcoin node transactions worth roughly $6 billion in total. The research explored whether
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Lightning-centric bitcoin wallets are gaining traction in 2019 and making small transactions affordable by reducing network fees. The bootstrapped Spanish startup Bluewallet garnered 35,000 downloads so far this year, according to co-founder Nuno Coelho, a significant jump from the 5,000 users it had in 2018. Coelho told CoinDesk the wallet’s built-in lightning marketplace, offering connections
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This could be the first time the Lightning Network, a bitcoin scaling solution, officially impacts the U.S. presidential election. Roughly a dozen bitcoiners who support Democratic presidential candidate Andrew Yang launched a crypto-friendly super PAC on Thursday, Humanity Forward Fund (Humanity FWD). Thanks to the PAC’s payment processor, OpenNode, the entity will be able to
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Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism. Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. She said up to 60 users purchase a
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Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency. “We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday. Tyler added that in their view, Libra is a harbinger of cryptos to come:
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San Francisco-based Lightning Labs, focused on a layered scaling solution for bitcoin, released its first mobile app on Wednesday. According to Lightning Labs application developer Tankred Hase, roughly 2,000 users downloaded the app across both iOS and Android. Both his inbox and the inbox of his colleague, developer Valentine Wallace, were flooded with support requests.
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