Lightning Network
Strike Extends Bitcoin Lightning Network-Powered Remittances to Philippines
Digital payments firm Strike is expanding its international money transfer service that runs on Bitcoin’s Lightning Network to the Philippines to tap into the country’s remittance market, which is one of the world’s largest. "The Hash" hosts discuss what this means for the future of bitcoin payments and crypto's use case as a potential tool for financial freedom.
Strike Expands Lightning Network-Powered Remittances to Philippines
The Philippines is one of the world’s largest remittance markets, at $35 billion, and Strike says it will use its service, powered by the Bitcoin blockchain's Lightning Network, to make the international payments faster and cheaper than available in the traditional financial system.
Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network
Smart contract blockchain Avalanche added support for BTC in its cross-chain bridge in June 2022.
Bitcoin Steady at $17K Ahead of Fed Decision; The Lightning Network's Potential Privacy Upgrade
CoinDesk Markets Managing Editor Brad Keoun weighs in on bitcoin's stagnant price action in December, along with news of Sen. Cynthia Lummis calling ether a security. Plus, CoinDesk Tech Managing Editor Christie Harkin discusses how protocol-based solutions like BOLT-12 could improve privacy for Bitcoin's Lightning Network.
Galaxy Digital to Cut 20% of its Workforce; Core Scientific Reportedly in Talks With Lawyers
Michael Novogratz-led crypto-focused financial services firm Galaxy Digital plans to cut at least 20% of its global workforce. Convertible bond holders of BTC miner Core Scientific are in talks with restructuring attorneys at Paul Hastings. South Africa's leading supermarket chain Pick n Pay is now allowing BTC payments via Lightning Network-enabled apps. A poll from Grayscale reveals fears over inflation have translated to a growing interest in crypto for a quarter of voters surveyed.
Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol
The firm claims Slashtags will enable web portability and “passwordless” authentication.
Bitcoin Technology Startup Synota Raises $3M in Seed Round
The new capital will be used toward the commercialization of Synota’s software, including plans for a bitcoin mining-related service.
River Financial Offers Payment Gateway for Bitcoin’s Multi-Asset Upgrade
The River Lightning Services solution wants to help developers utilize Taro, the Lightning Network upgrade bringing stablecoins and other assets to the Bitcoin network.
