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One of the Most Popular Apps in the World Will Use Bitcoin Lightning Network

Dünyanın En Popüler Uygulamalarından Biri Bitcoin Lightning Network'ü Kullanacak

One of the most popular mobile payment applications in the world will implement Bitcoin's Lightning Network.

In a new interview, Square CEO Jack Dorsey said he worked with the Lightning Labs team to bring the Lightning Network (LN) Square into the Cash Application. Lightning Network is a solution designed to respond to key criticisms that speed up operations and that number one encryption is too slow and impractical for mainstream use.

Dorsey on Stephan Livera's Podcast, BitcoinIt is only a matter of time before it becomes more operational to integrate technology to make it faster and easier to use it for BTC purchases.

Dorsey

… We are exploring with Elizabeth and Lightning team “

We would like to make it as fast and efficient and operational as possible, and this includes looking at our dealer base and register. It's not a 'if'. This is a 'when'. How can we be sure we get the speed and efficiency we need. Most of the work we do on the vendor side is to make transactions as fast as possible. "

Presenting Bitcoin to Worldwide Users

Dorsey said the application has come a long way in delivering Bitcoin to users around the world, and that the company is spending BTC on using the Visa debit card card. Also,

“I think we have quite an attractive experience that people who cannot reach Bitcoin in the past can now get a single touch and see that they are connected to this network for 24 hours. That's why we intend to continue expanding and make it feel simple and accessible.

After all, Cash is the accessibility. How can we increase the number of people who can participate more economically? And Cash went too far about it. We've never seen people who don't have a bank account started with Cash and used it to keep their money, buy a Cash Card, personalize it and spend it wherever they are. And certainly people can buy Bitcoin and sell Bitcoin, which they can use to spend on their Visa account. "

Source: Dailyhodl

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph