Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
@bitcoin_magazine_bitcoin_news_articles_and_expert_insights
News Feed

Posts published by Bitcoin Magazine - Bitcoin News, Articles and Expert Insights 91/98

Russia Close To Legalizing International Trade In Bitcoin, Crypto: Head Of Finance Committee

The head of the State Duma finance committee reportedly said Russia will legalize the use of cryptocurrency for international trade in January 2023.Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to…

Inaccurate U.S. Senate Testimony Misleads Lawmakers, Public About Bitcoin

In testimony before the U.S. Senate Banking Committee, actor Ben McKenzie and professor Hillary Allen offered inaccuracies about Bitcoin.This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and…

Craig Wright Ordered To Pay Peter McCormack’s Legal Fees, Faces Contempt Of Court Hearing

A judgment made in the U.K. found Wright breached an embargo and must pay McMormack’s legal fees.A judgment in Peter McCormack’s current case against Craig Wright concluded that Wright must pay the court fees of McCormack on an indemnity basis…

CoinCorner Partners With Pouch To Bring Instant Remittance Payments To The Philippines Utilizing Bitcoin's Lightning Network

The Philippines’ remittance market now has a faster, cheaper option through the use of the Lightning Network.Customers in the U.K. and Europe can now use CoinCorner’s Send Globally feature to send fiat to the Philippines after partnering with…

Integrating Statechains With Lightning Channels Can Allow For Off-Chain Balancing And Improved Flexibility

A Commerceblock BLIP facilitates Lightning channels built on Bitcoin statechains, improving flexibility for the Layer 2 protocol.Last year, I wrote about Commerceblock's Mercury Wallet, an implementation of both statechains and CoinSwaps. This…

Bitcoin Miner Greenidge Generation Reaches Debt Restructuring Deal With NYDIG

The deal will involve NYDIG taking ownership of miners, with the aim to lessen chances of a bankruptcy.Greenidge Generation, a bitcoin miner operating in New York, has reached a restructuring agreement for the $74.4 million debt with its lender…

The Africa Bitcoin Conference Showed That Africa Needs Bitcoin, Just As Bitcoin Needs Africa

This month’s Africa Bitcoin Conference underscored the need for Bitcoin on the continent and the progress of grassroots projects there.This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs.The inaugural Africa…

Layer 2 Labs Raises $3M At Launch To Supercharge Bitcoin's Ecosystem

The firm, led by BIP 300 and BIP 301 author Paul Sztorc, is on a mission to bring privacy, scalability and better UX solutions to Bitcoin.Layer 2 Labs is launching with the goal of scaling and building out drivechains for the Bitcoin Network. The…

Bitcoin Hardware Wallet Maker Foundation Devices Completes $7 Million Seed Round

Led by Polychain Capital, new investors into the Bitcoin hardware and software firm include Greenfield Capital and Lightning Ventures.Foundation Devices has announced the end of a seed round raising $7 million, led by Polychain Capital. Other…

Grayscale Weighing Returning 20% Of GBTC Assets To Investors If ETF Dreams Fail

The Grayscale Bitcoin Trust is considering a tender offer that would aim to return investor capital if the SEC keeps blocking its conversion to a spot ETF.Grayscale CEO Michael Sonnenshein stated in a letter to investors that should the Grayscale…