Bitcoin Isn’t the Only Crypto Adding Lightning Tech Now

Lightning is spreading across the cryptocurrency landscape. Originally designed for use on bitcoin, the world’s largest cryptocurrency by market size was also the first to implement the concept, touted as a way to make transactions faster and cheaper by moving them to a layer above the blockchain. But with scalability emerging as a pressing issue across the industry, developers of other cryptocurrencies aren’t letting the once-novel idea go to waste. Entering 2018, litecoin, zcash, ethereum and ripple are just a few of the many cryptocurrencies planning to implement or test some form…

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Western Union Confirms Testing Ripple Technology For Money Transfers

The financial services provider Western Union (WU) is testing transactions with the use of Ripple’s(XRP) Blockchain-based settlement system, the company’s Chief Financial Officer Raj Agrawal said in an interview with Bloomberg Feb. 14. The globally known money transfer company Western Union confirmed that it is testing Ripple following more than a month of rumor-fuelled speculation that began in early January. The announcement comes after Western Union reported its 2017 results, claiming a revenue of $1.4 bln – a 5 percent increase over the previous year. As Ripple’s CEO Brad Garlinghouse told Bloomberg,…

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Ripple Partners With Saudi Arabian Monetary Authority To Offer Pilot Program For Banks

Ripple has announced an agreement today, Feb. 14, with the Saudi Arabian Monetary Authority (SAMA) to provide support for Ripple’s cross-border payments technology to banks in the Kingdom of Saudi Arabia (KSA). SAMA and Ripple have created a pilot program to provide support to KSA banks to use xCurrent, Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking. The first of its kind to be launched by a central bank, the pilot program will allow participating KSA banks to…

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These Firms Are Milking the Cryptocurrency Markets for Astronomical Profits — And You’ve Probably Never Heard of Them

What US cryptocurrency-related company makes the highest amount of legal revenue per employee? No, it’s not Coinbase, and — unless you’re particularly tuned into the financial markets — you’ve probably never heard of it. That’s according to Tim Swanson, founder of tech advisory firm Post Oak Labs. Writing on Twitter, the former R3 executive related a recent exchange in which he was asked this same question. “I know there are a lot of headline numbers out there but the undisputed answer…

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Solve This Videogame’s “Mind-Blowing” Test, Get a Bitcoin

Beat the game, win a Bitcoin. Simple, right? That’s the premise of MonteCrypto: The Bitcoin Enigma, a PC game scheduled for release next week. The mysterious game, the latest in a long tradition of public treasure hunts, offers players the opportunity to achieve a lucrative payday — if they can solve the game’s two dozen puzzles, that its. At its core, MonteCrypto: The Bitcoin Enigma is a first-person maze exploration game, and players will be tasked with solving 24 “mind-bending puzzles.” Embedded…

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Coinbase Customers Suffer Erroneous Charges

With customers experiencing erroneous credit card charges for cryptocurrency purchases, Coinbase has blamed Visa for the charges but claims it is working with Visa to ensure all affected customers are reimbursed. Coinbase said the charges were caused by Visa reversing and recharging transactions. Coinbase Makes Its Case Over the last few months, banks and card issuers have asked the networks to change the MCC for digital currency purchases, Coinbase noted in another tweet, saying Visa changed the MCC for digital currency purchases to a…

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LINE, Japanese Messaging App, to Launch a Crypto Exchange

TOKYO: Japan’s biggest messaging app Line said it was launching a financial services spinoff to allow users to exchange and trade virtual currencies. Line said its new business would “provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance.” The transactions will be made inside the messaging app, which already incorporates a mobile payment system. Line has a relatively small presence in the US and Europe, but is hugely popular in Japan…

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Two New Blockchain ETFs, So What?

With the recent failure to get cryptocurrency Exchange-Traded Funds (ETFs) up and trading, the Nasdaq has listed ETFs this week by two companies that have shifted their focus to building portfolios of publicly listed companies with their hands in blockchain technology. On its face, this might seem like exciting news for blockchain and crypto enthusiasts looking to get some investment exposure in the technology. However, anyone reading the headlines should temper their expectations upon a deeper look. What are They? The two…

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Blockchain Company buys 67,000 acres of Land in Nevada, Next to Tesla and Google

Blockchains LLC, an Ethereum-focused software development company, purchased 67,000 acres at the Tahoe-Reno Industrial Center (TRI). The industrial park is the largest in the United States and includes occupants like Tesla, Google, and Switch. The industrial center hosts Tesla’s Gigafactory, possibly the largest building in the world. All Use Cases, All in One Place Lance Gilman, Storey County Commissioner, said: “From 15,000 feet (above ground view), I believe they envision a product that will showcase all of the capabilities of…

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Up 31,000% in 2017, This Cryptocurrency May Be the Next Ripple

Cryptocurrencies had a remarkable journey in 2017. It got bumpy here and there but overall, it was a joy ride for investors. When we look back in the rearview mirror, we feel content that most of our predictions have been on target. One of these particularly stands out. I’m talking about our NEM (XEM) price prediction for 2018. It is a relatively-lesser-known cryptocurrency, NEM (XEM), which has jumped 475% in the one month since our coverage, crossing the $1.00 mark…

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