Founders: Roy Sheinfeld, Roi Erez and Yaacov Slama Date Founded: 2018 Location of Headquarters: Remote Amount of Bitcoin Held in Treasury: Dozens held in Breez Lightning nodes Number of Employees: 11 Website: https://breez.technology/ Public or Private? Private Roy Sheinfeld says the time for orange pilling is through. Sheinfeld, one of the three founders of Breez,…
The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009. JUST IN: #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW — Bitcoin Magazine (@BitcoinMagazine) May 5, 2024 At an average rate of…
Bitcoin is one of the most robust distributed systems in the history of mankind. For fifteen years it has ticked along block by block with only two disruptions in its first few years that were very quickly handled by responsive developers the minute they manifested themselves. Aside from that, it has ticked along producing a…
kenneth-cheung Note: I have covered Perion Network Ltd. (NASDAQ:PERI) previously, so investors should view this as an update to my earlier articles on the company. As some readers might remember, I have pounded the table for Israel-based provider of digital advertising solutions Perion Network or “Perion” several times in the past. However, I downgraded the…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin’s revolutionary Lightning Network has seen two major rollout initiatives begin in the last month, with…
Shutthiphong Chandaeng Introduction I wanted to take a look at Perion Network (NASDAQ:PERI) to see how it performed over the last year and whether the 30% decline in share price was warranted since my first buy recommendation when I argued that the company’s growth prospects are very positive due to AI implementations, while an immaculate…
Lightspark, led by CEO David Marcus, former President of PayPal, has been selected by Coinbase, the largest US cryptocurrency exchange, to integrate the Bitcoin Lightning Network onto its platform. This integration is set to enable Coinbase customers to conduct instant and cost-effective bitcoin transactions. Thrilled to announce that @Coinbase has selected @Lightspark to enable the #Bitcoin…
Bitcoin Lightning Network company Neutronpay has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia’s digital economy with Bitcoin. “We are delighted to continue to support Albert and the team as…
LQWD Technologies Corp., an infrastructure and liquidity provider for the Bitcoin Lightning Network, has announced a new partnership with Amboss Technologies Inc. to become their premiere Lightning Network Liquidity Service Provider (LSP), according to a press release sent to Bitcoin Magazine. As part of the partnership, LQWD will contribute an initial 10 Bitcoin in liquidity to…
Relai, the Swiss-based Bitcoin app with a self-custody wallet, has announced a new partnership with Blockstream and Breez to integrate the Lightning Network into its platform, benefiting over 100,000 European users, according to a press release sent to Bitcoin Magazine. The Lightning Network offers a scalable solution to facilitate fast and low-cost transactions, making Bitcoin…
At Bitcoin Atlantis, non-profit organization Generation Bitcoin announced the launch of the Bitcoin Students Network (BSN), an initiative aimed at empowering students to learn about and contribute to the Bitcoin space. BSN, presented by Generation Bitcoin, operates as a one-stop platform providing logistical, educational, and financial resources to students interested in Bitcoin. BSN’s primary goal…
Marathon yesterday announced their Anduro layer two proposal. While there aren’t really any fundamentally new pieces or developments in the Anduro design, they do compose in slightly different ways compared to other existing sidechain systems such as RSK or Liquid/Elements. Anduro is a federated model that makes use of a quorum, referred to as the…
Aleksandra Malysheva It has been 8 months since my initial coverage of smart contract blockchain Cardano USD (ADA-USD). My previous article focused on the SEC’s designation of ADA as an unregistered security, the DJED stablecoin, and some standard network metrics that I usually pay attention to pertaining to public blockchain networks. Data by YCharts While…
skaman306/Moment via Getty Images Chance fights ever on the side of the prudent” – Euripides Today, we are teeing up coverage on Butterfly Network (NYSE:BFLY) for the first time in 2024. When we last looked at this small cap concern in March of last year, we called the stock an ‘avoid‘. The company had made…
Shutthiphong Chandaeng Intro Perion Network (NASDAQ:PERI) is a global technology company that operates in the digital marketing industry, providing advertising and marketing solutions to businesses, helping them reach their target audiences more effectively in the online space. The company operates two revenue streams: Display advertising and Search advertising. For additional context, display advertising involves visually…
The first “seed” round in 2021 raised around $1 million, while the “growth” round carried out later concluded in June 2023 accounted for the remaining $6 million. According to a report by The Block, Bitfinity, an emerging blockchain project building a Bitcoin Layer 2 network, has secured a total of $7 million in funding over…
With funding courtesy of ENV in place, Defibox and Noahark will be able to take these features to the next level. EOS Network Ventures (ENV), the primary steward of the EOS network, has announced a major grant to accelerate DeFi adoption. $2.4 million has been invested by ENV into NoahArk Tech Group to allow decentralized…
ESCC will introduce stablecoin-based gas fees and Ethereum compatibility on EOS. EOS Labs and EOS Network Foundation (ENF), the main stewards of the EOS Network have announced a strategic collaboration with EOS Stable Coin Chain (ESCC), an Ethereum-based stablecoin solutions provider. ESCC is a novel smart contract on the EOS Network using a customized implementation…
The number of daily transactions on the Litecoin network reached an all-time high of 1.09 million on November 14, surpassing even Bitcoin’s transaction count of around 523,284 at the same time. In a remarkable turn of events, the Litecoin (LTC) network has experienced an impressive surge in active addresses, achieving a new all-time high merely…
The partnership between Oasys blockchain and Fireblocks will help web3 developers focus on building immersive games that entail seamless fluidity without worrying about securing digital assets. The web3 gaming industry has been touted as the best channel to onboard millions of new users to cryptocurrency and blockchain technology. As a result, Oasys blockchain, a layer…
The partnership between the Filecoin network and the io.net platform is a major shift for the decentralized storage providers, as more income avenues have been created. The Filecoin (FIL) network has grown to a mature decentralized storage ecosystem with a fully diluted valuation of more than $9.2 billion. In a bid to ensure sustainable growth…
Investors of the digital green bond now have the option of settling the transaction through on-chain EUR CoinVertible, a digital asset that was issued by SG-FORGE earlier this year. Leading multinational financial services provider based in Paris Societe Generale SA (EPA: GLE) has announced the launch of its first digital green bond that is issued…
The collaboration between Osmosis and the UX chain will focus on addressing potential security vulnerabilities and shared liquidity to enhance growth prospects. The ultimate growth of blockchain technology has been pegged to the multi-chain capabilities, whereby the Cosmos (ATOM) network has described it as blockchain 3.0. In the context of multichain capabilities, Osmosis (OSMO), a…
Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time. Bankrupt crypto lender Celsius Network has announced that some clients with custody assets can now make withdrawals from the platform. Celsius which previously stopped withdrawals on its platform declared Chapter…
Andrew Breslin clarified that the idea was more about the numbers than the big-name firms that it appears Infura had targetted. Infura, the Web3 infrastructure firm from Consensys, has just entered into multiple partnerships with Microsoft and Tencent. The move, which appears to be in line with its vision of achieving progressive decentralization, also saw…
As part of the partnership, OKX will play a pivotal role as a core contributor to Polygon CDK while allocating significant engineering resources to boost the technology stack of Ethereum scaling solutions. On Tuesday, November 14, OKX announced that it is introducing a Layer 2 network based on Ethereum’s zero-knowledge (ZK) technology, developed in collaboration with…
Cardano Foundation CEO Frederik Gregaard recently noted that the development of the smart contract-enabled ecosystem has been slow due to the high academic approach, which has been considered boring but important. Amidst the ongoing altcoin breakout fueled by the optimism revolving around the Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) in the United States,…
Telegram is committed to providing TON with the necessary tools and infrastructure to cater to its 80 million global customers. The Open Network (TON) has begun the official rollout of its self-custodial Wallet on Telegram, choosing Africa as the frontier for the new project. In an announcement on X, formerly Twitter, Andrew Rogozov, the founder…
ETH may now be useful for those looking to hold on to the crypto asset as a store of value. Things are looking bright for Ether (ETH) at the moment following a resurgence in Ethereum network activity this week. According to the research head of Matrixport Markus Thielen, the weekly revenue recently recorded on the…
Kraken neither confirmed nor dispelled the rumor. Reports suggesting that US-based crypto exchange Kraken is seeking partnerships to enable it to develop its own Layer 2 network solution have emerged. Per the report, the exchange is considering a partnership with Polygon, which is noted for its Ethereum scaling solutions, to build its Layer 2 network….
Cardano is recording increased price and network activity and has sparked bullish predictions about the coin’s future. The price of Cardano (ADA) hit a new four-month high on Sunday, climbing to $0.348808. The surge is reportedly due to heavy activity from whale investors and decentralized finance (DeFi) in general. According to CoinMarketCap data, Cardano is…
The deployment brings DAS technology into play, which offers an innovative scaling approach. It allows blockchain nodes to verify data availability for specific blocks without the need to download the entire datase In the latest development, modular network Celestia successfully deployed its mainnet beta, known as “Lemon Mint”, which brings data availability sampling (DAS) technology…
The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving. The hashrate for Bitcoin hit a record high on Saturday, cresting at 543 EH/s at 8:00 am GMT. This beat the 525 EH/s recorded on the 7th and 10 of October. The current high puts the…
Riard noted in his report that the implications of the vulnerability could extend well beyond the Lightning Network. Bitcoin developer Antoine Riard has identified and reported what he believes might be a major security risk in the Bitcoin Lightning Network. In a report recently published, Riard shared that the loophole could potentially endanger funds moving…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The Lightning Network, a node-based payment protocol designed to solve Bitcoin’s solvability problem, has shattered all…
One of the biggest inherent limitations to the Lightning Network is the limited number of channels that can be opened or closed per block given the blocksize limit. Regardless of how many transactions can occur off-chain how cheaply, this is a fundamental bottleneck restricting how many people could actually realistically use the Lightning Network. Even…
The BitVM project was designed by Robin Linus with lots of borrowing from Ethereum’s layer two (L2) optimistic rollups that have enabled faster execution of the transactions off-chain. The mainstream adoption of Bitcoin (BTC) and other digital assets has undeniably been facilitated by the decentralized financial (DeFi) ecosystems that use smart contracts. However, the Bitcoin…
Justin Sullivan Investment Thesis Company Overview Visa (NYSE:V), founded in 1958 with headquarters in Foster City, California, is one of the largest digital payment service providers that facilitates global commerce across more than 200 countries serving consumers, merchants, financial institutions, and government entities. Strength Visa provides payment facilitation to merchants and consumers. Their core business…
WOO co-founder Jack Tan said the repurchase allows the company to move on “without further distractions from the 3AC fallout”. WOO Network has announced its decision to repurchase shares and tokens it sold to defunct Singaporean hedge fund Three Arrows Capital (3AC) back in 2021. The Taiwan-based trading platform and liquidity provider said in a…
Subsquid’s integration with Flare paves the way for greater innovation and collaboration in the blockchain ecosystem. Flare Network, an EVM smart contract platform, has announced its collaboration with Subsquid, a full-stack blockchain indexing solution to make historical data stored on the Flare blockchain readily available to developers utilizing the Subsquid network. Subsquid: A Game-Changer for…
Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets. Celsius Network, the bankrupt crypto lending company, has taken a significant step forward in prioritizing the needs of its creditors. The company is currently seeking court approval to efficiently distribute payments to its…
One of the biggest challenges Bitcoin faces is scalability. Transactions can be slow and costly, making mainchain settlement less efficient for everyday transactional use. Enter the Lightning Network, an innovative solution that has the potential to make Bitcoin unstoppable. In the latest episode of Bitcoin Backstage, we explore the concept behind the Lightning Network, its…
Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31, 2023, is correct. Joel…
As with USDC, the EURC on the Stellar network is redeemable at a ratio of 1:1 to the backing fiat currency at any time of the day and week. Leading stablecoin issuer, Circle Internet Financial LLC, and the Stellar Development Foundation (SDF) announced the launch of EURC on the Stellar network. The EURC stablecoins now…
da-kuk Introduction I’ve written two articles on SA about satellite imagery solutions company Satellogic (NASDAQ:SATL), the latest of which was in July when I said that demand for its services was nowhere near expectations and that the number of satellites in orbit could decrease by the end of 2023. On September 21, Satellogic released its…
Hitra Bridgford Foods Corporation (NASDAQ:BRID) has recently seen a pullback in shares over the past year due to stagnant guidance. I believe that Bridgford is a buy due to the firm’s solid balance sheet amid macro headwinds, distribution expansion resulting in greater long-term FCF, and undervaluation assuming my DCF figures. Business Overview Bridgford Foods Corporation,…
The success highlighted by the feat reinforces the popularity of WaaS. Web3 infrastructure provider Particle Network has said that its rollout of Wallet-as-a-Service (WaaS) V2 is proving to be a huge success. According to a recent press release, the company saw more than 15 million wallet activations in under a year since it launched the…
Mixin Network immediately suspended the deposits and withdrawals stating that they would soon announce their decision to deal with the lost assets. Earlier today, the decentralized finance (DeFi) project Mixin Network announced the suspension of all deposits and withdrawals after losing $200 million in crypto assets in a recent hack. The SlowMist team was the…
Amboss, a leading data analytics provider for the Bitcoin Lightning Network (LN), has unveiled a new subscription service called Hydro, designed to automate liquidity management for the LN, according to a press release sent to Bitcoin Magazine. This enables businesses to seamlessly receive payments through the Lightning Network without requiring expertise in LN operations or relinquishing custody…
In a matter of weeks, Coinbase constituted a team to dig into the protocol and assess the feasibility of its integration. Coinbase CEO Brian Armstrong has announced the exchange’s plans to integrate the Bitcoin Lightning Network (LN) into its infrastructure. LN is a layer 2 payment protocol that was created to improve the scalability of…