Lightning Labs just released the alpha version of a new protocol called Lightning Loop, designed to give users the ability to deposit and withdraw bitcoin from their payment channels without closing these channels entirely.
CEO Alex Adelman says that while working at Ebates, he learned "why people buy, how people use cashback programs," — the hows and whys that would eventually lay the foundation for building Lolli's bitcoin-back platform.
Tether just updated its website to clarify that each of its USDT stablecoin tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency.
ASIC chip manufacturer Canaan Creative is closing the gap between itself and cryptocurrency mining industry leader Bitmain after a massive infusion of capital.
Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.”
Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.
Among other issues, Reporters Without Borders labeled Hacking Team (the team behind Neutrino) as one of five “Enemies of the Internet” in 2013 for its role in humanitarian abuses against journalists.
