Bitcoin in the Headlines: Greece Lightning Strikes Twice
Bitcoin in the Headlines is a weekly analysis of bitcoin media coverage and its impact. The fires of one of bitcoin's hottest recurring debates raged on this week, with the digital currency's potential use case as a safe haven asset during times of economic crisis taking the forefront amid continued struggles in the eurozone. The focal point of the media's attention, as with last week, was Greece, a beleaguered nation suffering the effects of economic uncertainty, with reports attempting to discern if and how the digital currency was playing a role in this larger narrative. Not up for....
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Bitcoin in the Headlines is a weekly look at bitcoin news, analysing media coverage and its impact. This week was by no means the first time the mainstream media has connected Greece's looming debt crisis to bitcoin. As the country gets to grips with the controversial bailout referendum that will decide the country's future in the eurozone this Sunday, the media has taken its coverage of the digital currency to a whole new level. At the time of publication, a quick Google news search resulted in over 100 articles. Given the country's cashflow restrictions and bank closures, journalists....
In a groundbreaking announcement, Binance, the world’s largest crypto exchange, has successfully completed the integration of the Bitcoin Lightning Network. In a blog post published on Monday, July 17, the exchange announced that deposits and withdrawals for Bitcoin (BTC) are now open on the Lightning Network. This integration marks a significant milestone for the industry […]
Greece faces a €1.5 billion payment to the IMF expires on June 30, and to make matters worse The Eurozone portion of Greece's €245-billion bailout expires on the same day. This huge debt and interest is totally unsustainable for Greece to maintain and Greece has no more to give. This could mean Greece exclusion from the Eurozone. Would it be a good idea for Greece to renounce the euro and adopt bitcoin? This would mean giving up their sovereign monetary policy. However, the finance minister of Greece, Yanis Varoufakis, believes that because Bitcoin is deflationary, it would be bad for....
Developers can now test an early version of bitcoin's much-hyped Lightning Network. Released by one of the most prominent startups working on the open-source micropayments protocol (San Francisco-based Lightning Labs), the daemon runs on the bitcoin testnet, so it's not exactly for average users yet. Rather, the aim is for developers to get their feet wet testing the off-chain transactions, long heralded as one of the best ways to rapidly scale the network, (and it looks like some have already started). Speaking to CoinDesk today, the Lightning Labs team called the release the “most....