NewsRoom Articles - Page 66 of 179

ThursdayMay 26, 2022 10:30 am

Despite a Volatile Bitcoin Market, LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network and Increasing Channel Capacities

LQwD released its platform as a service offering in November 2021, also releasing its first node on the Lightning Network – US-West Since then, nine additional nodes have been released worldwide: Ireland, India, Germany, Indonesia, Italy, Singapore, Sweeden, England, and France – with more likely to follow Despite volatility in Bitcoin, the Lightning Network continues to grow, with most recent reports indicating that the Network’s capacity is over 3,539 BTC Users can send payments quickly and with lower fees when utilizing the Lightning Network and PaaS solutions like LQwD One of the most dependable characteristics of the cryptocurrency market is…

ThursdayMay 26, 2022 9:45 am

Despite Falling Numbers, Bitcoin Investors Hopeful Crypto Will Bounce Back in the Future; Continual Changes in Technology Keep the Volatile Industry Moving Forward

Bitcoin has seen an overall decrease of 57% since November 2021 (an all-time high) and a YTD decrease of 37% Investor Mark Cuban tweeted that he believes cryptocurrency is in a lull period, much like the early internet, and expects the industry to bounce back – especially for those utilizing smart contracts for business productivity and profitability Political and economically driven, green energy initiatives for mining Bitcoin and other cryptocurrencies are rising – companies like Canaan Inc. have already begun implementing the necessary changes to strive for carbon-free emissions With blockchain fees high, Robinhood has created a new Web 3.0…

WednesdayMay 25, 2022 1:00 pm

How Gen Zers Are Hooked on NFTs and Cryptocurrencies

Human beings have always been attracted by the possibility of making a quick buck, and the volatility of cryptocurrencies and NFTs is too alluring for members of Generation Z. Gen Z refers to individuals born in the mid ‘90s to the early 2000s. As the years in which these people were born suggest, Gen Z grew up at a time when the proliferation of technology was at its peak. This means that these kids grew up playing video games and meeting their friends virtually. It seems natural, therefore, that they would take to crytocurrency and NFT trading in a big…

WednesdayMay 25, 2022 12:00 pm

What Ethereum 2.0 Signifies for the Ethereum Blockchain, Investors, and Established Miners such as BIT Mining Ltd. (NYSE: BTCM)

Ethereum 2.0 is billed as the single-largest change in the history of the blockchain The upgrade, set to be rolled out in phases, will involve migration from the current proof-of-work system to the proof-of-stake protocol ETH 2.0 will also cap the supply of Ether, the network’s native token, potentially triggering price increases via scarcity BIT Mining Ltd. believes the proof-of-work and proof-of-stake systems will coexist The Ethereum blockchain has long been a victim of its own success. Having lured software developers who built decentralized applications on top of the network, Ethereum has been accounting for the vast majority of total…

TuesdayMay 24, 2022 11:15 am

Bit Digital Inc. (NASDAQ: BTBT) Remains Optimistic Despite Recent Cryptocurrency Price Fluctuations

The blockchain technology industry is projected to grow to $450 billion by 2028, up from $3.67 billion in 2020, representing a CAGR of 82.4% The cryptocurrency market, which was valued at $1.5 billion in 2021, is projected to grow to $2.3 billion by 2028, representing a CAGR of 6.9% Bit Digital looks to tap into these two markets through strategic investments and technology The company is confident that the value of cryptocurrency will continue to rise, despite the recent drastic price fluctuations Over the past few weeks, the price of many cryptocurrencies have reduced by more than 50%. Industry experts…

TuesdayMay 24, 2022 9:45 am

Lightning Network Gains as More Transactions are Processed; LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Among Companies with Substantial BTC Invested in Network

The Lightning Network is being incorporated by more companies, including the likes of Meta, which is currently striving to develop its own stablecoin offering but is receiving backlash from the government CoinCorner has released the first contactless payment card for the Lightning Network; the card works like Visa and other fiat currency cards but utilizes Bitcoin and the Lightning Network for fast and low fee transactions LQwD has ten nodes on the Lightning Network, each growing in BTC capacity and value – the company anticipates continuing to strive toward scalability of BTC The Bitcoin Lightning Network, a layer 2 payment…

MondayMay 23, 2022 9:00 am

NYC Mayor Thinks Blockchain Is Future for Title Deeds, Birth Certificates

New York City mayor Eric Adams thinks that all birth certificates, title deeds and other government records will be held on a blockchain in future. He made these comments while speaking at a Security Token Summit held in Manhattan last week. For years, Adams has been a strong promoter of crypto and other related technologies. However, his comments during the summit marked a first since he had never mentioned that he foresees government records such as birth certificates being secured on a blockchain. Supporters of blockchain technology say that using a digital ledger to store vital documents, such as property…

FridayMay 20, 2022 2:00 pm

Barclays, Goldman Sachs Invest in UK Crypto Platform

Barclays and Goldman Sachs have made investments into Elwood Technologies, a crypto trading platform founded by Alan Howard. Howard is a British billionaire who started the platform as a way to manage his own interests in the cryptocurrency space. The two banks’ investment came together with additional investments by Dawn Capital, a venture capital firm, as well as Commerzbank (a German lender) and Galaxy Digital. Galaxy Digital is owned by Mike Novogratz, an American billionaire. This particular funding round worth $70 million gave Elwood Technologies a market valuation of $500 million. The firm has been in existence for five years.…

FridayMay 20, 2022 9:45 am

As Bitcoin Gains Acceptance Worldwide, Companies Like LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leverage Lightning Network to offer Faster Transactions and Lower Fees

Over the next decade, as the Bitcoin industry evolves, the ecosystem is expected to expand – with cryptocurrencies like Bitcoin rising in popularity Countries worldwide are beginning to accept Bitcoin as legal tender; El Salvador was one of the first to offer cryptocurrency over fiat In rural areas, where COVID-19 created extreme job loss due to a drop in tourism, entrepreneurs are using cryptocurrency as a means of income The global cryptocurrency market was valued at US $1.49 billion in 2020 and is now projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8% The next…

WednesdayMay 18, 2022 2:28 pm

Can China’s BSN Platform Make Blockchain Technology Go Mainstream?

Back in 2019, President Xi Jinping made comments during a speech to the effect that China needed to seize the massive opportunities blockchain technology presented. From that time, the country regarded blockchain tech as a priority alongside other technologies such as semiconductors. Since that speech by the Chinese president, the country embarked on a quiet task of building a platform that would make it easy for companies to deploy blockchain technology in their operations. That platform is called Blockchain-based Services Network (“BSN”). It should be remembered that the Chinese government more or less banned cryptocurrencies and other related activities. Why…