ShapeShift Is Launching a Token for Free Cryptocurrency Trading

ShapeShift now offers its users fee-free trading in the form of an ERC-20 token.  The self-custody trading platform announced today, November 20, 2019, that it is instituting limited free trading through its FOX token. ShapeShift hopes the incentives token will “entice users away from custodial exchanges,” according to a press release from the privacy-focused cryptocurrency exchange. All registered ShapeShift users will initially receive 100 FOX tokens free of charge. Each token entitles its holder to $10 worth of free trading volume for rolling, 30-day periods. In effect, this means that…

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Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC

Grayscale Investment has submitted a filing with the U.S. Securities and Exchange Commission (SEC) that could change the status of its popular bitcoin investment product.  On November 19, 2019, the company filed a securities registration form with the SEC which, if approved, would see its popular Bitcoin Trust product become the first-ever digital currency investment product to be regulated by the SEC.  The Bitcoin Trust was initially launched as a way to give more investors exposure to bitcoin with some barriers to entry eliminated, like the need to protect your…

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The Bolt-A-Thon Sequel to Spark Lightning Innovation

From December 6 to 8, 2019, the second edition of the Bolt-A-Thon will take place in the natural habitat of Bitcoin and the Lightning Network — the internet. The Lightning-centered hackathon and conference is a follow-up to the inaugural event in April 2019, where many creative ideas were presented and many Lightning-focused projects made tangible progress — for instance, after the multi-platform payments service Bottle Pay won the Bolt-A-Thon, it went on to raise $2 million to boost development. Speakers at the event, who will be making their presentations via…

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Video: Connie Gallippi on BitGive and Bitcoin Charity

Connie Gallippi is yet another example of an accomplished professional who discovered Bitcoin, fell down the rabbit hole, and decided to pursue a new life in which her skills and knowledge generate satoshis instead of U.S. dollars. After attending the inaugural Bitcoin Foundation conference with her brother in 2013, Gallippi came up with the idea of creating a nonprofit organization which collects donations in bitcoin and helps various humanitarian causes around the world. She launched BitGive. “I was at a senior level in my former career, but being in that…

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On Lightning, Messaging Apps Emerge as Growing Use Case

“Does instant messaging over Lightning have killer application potential?” Lightning Labs developer Joost Jager asked his Twitter followers this rhetorical when he debuted a demo for his Lightning Network messaging application, Whatsat. Does instant messaging over Lightning have killer application potential? The world needs censorship-resistant chatting and with Lightning, compensating the network for message relay comes naturally.https://t.co/TnLI4yjM16 pic.twitter.com/GseuU4KyZo — Joost Jager (@joostjgr) November 2, 2019 Your average Bitcoiner probably wouldn’t think of messaging as one of Lightning’s killer use cases, at least not before micropayments, streaming payments and the like.…

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Cashaa Announces U.S. Dollar Bank Accounts for Cryptocurrency Firms

Bitcoin banking platform Cashaa will soon offer U.S. dollar bank accounts for cryptocurrency-focused businesses, except those operating in sanctioned countries.  Cashaa offers banking services like International Bank Account Number (IBAN) accounts, international SWIFT transfers for fiat and credit card processing for cryptocurrency-based businesses, which often struggle to receive these services from traditional banks. It also enables businesses to accept cryptocurrencies and withdraw funds in fiat, including British pounds, euros and Indian rupees. Beginning November 25, 2019, clients based in the U.S. will be able to apply for USD accounts. These…

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SNICKER: How Alice and Bob Can Mix Bitcoin With No Interaction

SNICKER could be the next tool in Bitcoin’s growing privacy toolbox. Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy today. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want to leak transaction details to competitors — to list a few examples. Fortunately, Bitcoin developers and researchers are coming up with more and…

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Bitcoin Wallet Reviews: What’s the Best Hardware Wallet on the Market? Part 3

This is the third article in a three-part series that examines five of the most popular Bitcoin hardware wallets. Read the first part, focused on the wallets’ physical safety and outward appearance here. Read the second part, focused on simplicity, accessibility and privacy, here. By request, samples were provided by some of the companies for review purposes. After assessing the physical sturdiness, appearance, simplicity, accessibility and privacy of five of the leading hardware bitcoin wallets on the market, it’s time to analyze arguably the most important feature of all: security. …

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BIP 324: A Message Transport Protocol That Could Protect Bitcoin Peers

More than 10 years living in the world of Bitcoin has shown us that there is a long road ahead for Bitcoin developers, and BIP 324, created in March 2019, could be the next important step on that road. The BIP was authored by Switzerland-based Bitcoin developer and cofounder of Shift Cryptosecurity Jonas Schnelli to help address a perceived concern around the messages exchanged between Bitcoin peers. “Bitcoin: A Peer-to-Peer Electronic Cash System” is the title of the Bitcoin white paper and, as it suggests, the P2P layer is a…

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With Open-Source Caravan Wallet, Unchained Wants to Make Multisig Mainstream

Austin-based Bitcoin financial service provider Unchained Capital just unveiled its newest multisignature wallet tool. Revealed exclusively to Bitcoin Magazine in anticipation of the launch, Caravan is the latest tool in Unchained Capital’s suite of bitcoin investor products. Like the Collaborative Custody that came before it, Caravan is a multisignature bitcoin wallet, meaning it requires multiple devices/parties to sign off on a transaction before it is sent.  Unlike its predecessor, though, which relies on Unchained Capital to act as one of the signatories, Caravan cuts out Unchained as a counterparty. The…

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