Cartoon: Join the Club

Many commentators believe that the tech giants (e.g., Facebook) are going to supplement banks, pointing out their plans to create new payment and token solutions (e.g., Facebook’s libra currency). Also likely, these companies are going to use their customer data and platform services to become banks themselves. Read More

Bitmain Sues Former Employees for Rival Mining Pool

Operator of the world’s top bitcoin mining pool, Bitmain, has filed lawsuits against three former employees and current co-founders of the rival mining pool, Poolin, for breach of contract. Bitmain is suing the founders of Poolin, the seventh largest bitcoin mining pool by hash rate, for $4.3 million in damages as a result of these…

Watchtowers Are Coming to Lightning

“The Eye of Sauron casts its gaze upon the Lightning Network.” This is how Lightning Labs CTO Olaoluwa Osuntokun (aka, roasbeef) has heralded the coming of Watchtowers to the Lightning Network. Though comparing the technical feature to the demonic gaze of Tolkien’s primary antagonist sounds disconcerting, the analogy holds up on the surface: Watchtowers, as…

Samourai Wallet Secures First Investment of $100,000

Samourai Wallet, a privacy-enhanced bitcoin wallet app, just received its first round of venture funding. Katana Cryptographic, the company that maintains the Samourai Wallet, received a $100,000 investment from Cypherpunk Holdings with the purpose of developing new features to enhance privacy, specifically in regards to deterring Bitcoin surveillance. Samourai Wallet is exclusive to Android users,…