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Bitcoin Gamers Offered Steam Lifeline, Craigslist Goes Crypto

News In a blow for serious gamers who use the world’s most popular cryptocurrency, bitcoin, Steam announced they would no longer accept it as a method of payment. Price volatility and high transaction fees doomed the relationship. In freer economies, however, other companies like Bitrefill see such problems as an opportunity to gain market share by

200,000 Unconfirmed Transactions Pile Up in Another Crazy Day for Bitcoin

Markets and Prices Exchanges overloaded. DDoS attacks. Huge price spikes, flash crashes, and order cancellations. Over 200k transactions queued, some for more than 24 hours, in the mempool – despite paying high fees. Just another crazy day in bitcoin, a land where every day seems to be wilder than the last, including higher highs, bigger swings, an

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Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

Today, Valve announced that the Steam gaming platform will no longer accept Bitcoin payments due to high fees and incredible volatility. Valve says transaction fees, which are passed on to the company by Bitcoin payment processor Bitpay, surpassed $20 last week. Transaction fees were only 20 cents last spring when Valve began accepting the digital currency for payment.The Steam platform began acce

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Developers Release Lightning Protocol 1.0; Perform Successful Interoperability Tests

Blockchain developers ACINQ, Blockstream and Lightning Labs, are announcing the 1.0 release of the Lightning protocol and the world’s first Lightning test payments on the Bitcoin mainnet across all three implementations. These are considered to be important steps toward the standardization of the Lightning Network’s second-level, off-chain payment layer. The three teams, and others in the Bitc

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Ethereum to Put Its Foot on the Gas

Scalability remains one of the issues holding back the progress of blockchain technology. However, an older and lesser known concept is coming to Ethereum in an attempt to remove current limitations. The network presently has an upper-bound on the number of computations that can be made, this is referred to as the ‘gas-limit’.A new version of a protocol called TrueBit will be released this mon

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The Ethereum Killer Is Ethereum 2.0: Vitalik Buterin’s Roadmap

Speaking on November 25 at BeyondBlock Taipei 2017, Ethereum inventor and co-founder Vitalik Buterin outlined his vision for Ethereum 2.0. He described major changes in Ethereum’s architecture that are likely to be implemented over the next few years to improve Ethereum in terms of privacy, safety (consensus safety and smart contract safety) and, of course, scalability, which was the main f

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This New Scaling Layer Could Make Payment Channels Ten Times More Effective

There is no disputing the fact that the Bitcoin network has scalability problems. Micropayment channels are a solution to increase the transaction rate and speed. Yet, this is not the golden solution … This micropayments solution needs a fixed amount of funds to be locked into each channel’s multisignature wallet and requires a transaction for each channel creation and closure. This hinders th

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VIBEHub Teams Up With Global Tech Giant Monster Technologies

After only two months since the conclusion of their Token Sale, the VIBEHub team is making major moves with long term implications for the AR/VR industry. VIBEHub has formally announced that they will be working with global tech giant Monster Inc and their new division Monster Technologies. Monster is a global electronics conglomerate that has been a key innovator of electronic hardware in the tec

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The Lightning Network Now Supports Transactions Across Blockchains

Although still in testing phase, the lightningnetwork can now be used to send transactions across different blockchains. TheLightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week: ownership of the coins changed hands, while no transaction was recorded on either blockchain.“Previous atomic swaps that I have done we

The Biggest Obstacle to Bitcoin Scaling Isn’t Technical – It’s Political

Op-Ed Bitcoin is accustomed to taking flak from non-believers. It’s been declared dead more times than most people care to count, and will continue to be written off long after dissenting CEOs have conceded defeat and quietly bought BTC. The latest group to take potshots at bitcoin aren’t external actors with little understanding of the protocol,

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