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Blockstream Launches An Upgrade Of Its Bitcoin Lighting Network Implementation

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The blockchain development company Blockstream is in the latest crypto news for releasing a new version of its Bitcoin (BTC) scalability software named ‘C-lighting’ according to an official blog post published on March 1st.

C-lighting comes as an implementation solution of the off-chain Bitcoin scalability solution – the Lighting Network (LN). It is written on the C programming language and the latest improvement is the first major release in 8 months, bringing performance enhancements, bug fixes, augmented privacy as well as many new features.

The main feature, according to experts, is plugin support which allows developers to extend the capabilities of the software through the plugins written in any programming language. With this, the developers hope that they will contribute to the flexibility, extensibility and customizability of the LN implementatinon.

The co-founder and CEO of Blockstream, Adam Back, last week talked at the LN-based Lighting Torch Bitcoin relay, where he passed the Torch on to the former PayPal COO and early Blockstream supporter – Reid Hoffman.

According to some data provided by statistics websites, the capacity of the Bitcoin Lighting Network has surpassed $2 million in December 2018. On top of that, there are more and more new releases of tools for merchants and developers in a bid to drive wider adoption of the Lighting Network solution.

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Bitcoin News

Bitcoin Whitepaper Copyright Registration Filed By Craig Wright

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Bitcoin whitepaper copyright registration was filed earlier today by the self-proclaimed creator of Bitcoin Craig Wright. He also filed registration for the Bitcoin code with the US Copyright Office and we are reading more about in the latest cryptocurrency news today. In his attempt to prove that he is the real creator of Bitcoin, Wright filed the copyright registration. Since 2015, he continuously claimed that he is the real Satoshi Nakamoto but he was not able to provide any hard evidence. The Bitcoin SV proponent was asked to provide a list of Bitcoin addresses by the court in order to back up his claims. Wright filed the bitcoin whitepaper copyright registrations for the 0.1 version of the early software of the cryptocurrency. In the text below you can read the two registrations in full:
‘’U.S. copyright registration no. TXu 2-136-996, effective date April 11, 2019, for the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System, with year of completion 2008. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto.’’ ‘’U.S. copyright registration no. TX-8-708-058, effective date April 13, 2019, for computer program entitled Bitcoin, with year of completion 2009 and date of first publication January 3, 2009. The registration recognizes the author as Craig Steven Wright, using the pseudonym Satoshi Nakamoto. Wright wrote most of version 0.1 of the Bitcoin client software, and the registration covers the portions he authored.’’
However, according to the executive director of Coincenter Jerry Brito, anyone can register a copyright claim. This does not prove the ownership by the US Copyright Office itself. The registration is just a formality. The CO does not look into the validity of the claim but they simply register it. Unfortunately, there is no way to challenge that registration since the Office will just register each one. Many in the community believe that Wright is not the real creator of Bitcoin. Some of the largest industry players have called him a fraud and gave him the nickname ‘’Faketoshi.’’ Wright launched a series of lawsuits as reported in our altcoin news against all of those who called him a fraud. The copyright registration will be the new weapon for Wright to support his claim to the name Satoshi.
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Altcoin News

Most Altcoins Report Moderate Gains, Bitcoin Reaches $8,000

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Most altcoins, especially the top 20 are reporting moderate gains on the day as the largest cryptocurrency approaches the $8,000 price point again. As noted in all of the altcoin news headlines, Bitcoin increased up to 2 percent on the day. The largest cryptocurrency is trading at $7,957 at press time according to the data from CoinMarketCap. Bitcoin is up by 2 percent on the day and by looking at its weekly chart the cryptocurrency is up by 2.55%. The proximity of the biggest cryptocurrency is $8,000 which comes as the United States Securities and Exchange Commission (SEC) reported a few days ago that they are ‘’still in information-gathering mode’’ regarding the VanEck bitcoin exchange-traded fund (ETF). Most altcoins among the top 20 are reporting notable gains and one of the biggest winners is Bitcoin SV (BSV) which increased up to 102 percent at press time. As reported in the latest cryptocurrency news, Bitcoin SV promoter and the self-proclaimed Satoshi Nakamoto-Craig Wright, has officially filed U.S copyright registrations for Bitcoin’s whitepaper and code. Ethereum (ETH) on the other hand, is clinging to its position as the largest altcoin by market cap which is currently standing over the $26.7 billion price point. The second largest altcoin XRP now has a market cap of $16.6 billion. Following the data from CoinMarketCap, we can see that the price of ETH increased by 3.1 percent over the past day. At press time, ETH is trading at $253. By looking at the weekly charts, Ethereum seems to have increased by over 18.5 percent. Ripple’s XRP is nearly three percent over its previous price in the last 24 hours and is now trading at $0.401. Over the week, the altcoin increased by about 4.50 percent. At press time, the total market cap of all cryptocurrencies combined is $248.5 billion which is three percent higher than the one reported week ago. Most of the oil futures and indexes saw some mixed signals over the day with WTI Crude going down by 0.13 percent. Brent Crude dropped by 0.08 percent and Mars US by 0.13 percent at press time. The Canadian Crude index saw some increase action by 0.6 percent at press time.
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Bitcoin News

Teen Bitcoin Millionaire: BTC Will Die If 4 Major Issues Are Not Solved

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Teen Bitcoin millionaire Erik Finman predicts once again that the number one cryptocurrency could ‘’ die’’ if four major issues are not resolved. According to the latest cryptocurrency news, Finman stated that the problems are ‘’sticky’’ and must be solved immediately. While speaking to Yahoo Finance, Finman explained the issues: the complexity of use, high transactions fees, fights among the developer teams and slow-processing speeds. He pointed out:
‘’It’s facing four big problems. One, its high transaction fees. Two, it takes a long time you know to kind of send anything. And then three, the people that are trying to solve those problems… it’s fragmented, it’s cultish, it’s really kind of a lot of group in-fighting. And I think the fourth one is it’s really hard to get into bitcoin. It’s really not easy.’’
Even before the interview, the teen bitcoin millionaire outlined the problems of the currency on social media. He first purchased bitcoin at the age of 12 after his grandmother gave him $1,000. Over the years, he was trading cryptocurrencies and now has about 457 bitcoins which is nearly $3.6 million. Finman also pointed out that the future for bitcoin as a leading cryptocurrency is not guaranteed. Bitcoin is ‘’facing a lot of stiff competition and I think it really has to respond to that.’’ Erik also revisited his statement which was deemed as extremely controversial in 2018 when he pointed out that the ‘’long-term bitcoin is dead.’’ He defended the statement saying that the cryptocurrency needs to have one or two more bull runs in order to be set for the better future. As reported in the altcoin news last week during the MarketWatch, Finman raised his concerns about Bitcoin. He even stated that Litecoin was also afflicted since the altcoin decreased over 95 percent since its record high. Despite his pessimistic view, Finman is bullish on blockchain technology as well. He added that anyone who failed to become a billionaire by investing in crypto or in blockchain, in ten years from now they would have themselves to blame. Among the top cryptocurrencies that Finman believes have the best chances of success include ZCash and Ethereum. He praised Bitcoin Cash’s technology but he says the altcoin is poorly marketed.
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Bitcoin News

Crypto Startups Should Go All-In On Blockchain: Expert Opinon

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Crypto startups need to focus on the blockchain rather than bitcoin according to Bernhard Schroeder, the managing director of entrepreneur programs at San Diego State. According to our coming altcoin news, Schroeder classified bitcoin as a ‘’speculative investment.’’ He believes that bitcoin might not work out in long-term but says blockchain is a ‘’serious technology.’’ Schroeder believes that the blockchain technology has a lot of potentials that will emerge from the companies who want to build on it. Companies who failed during the ICO boom in 2017 should now follow four areas that entrepreneurs should look. Also, investors and industries should get exposure to blockchain technology according to Schroeder:
 “So why should you as an entrepreneur or investor care more about blockchain than Bitcoin? Bitcoin is still a speculation on a future crypto currency that the world may not yet adopt. Maybe in the future, maybe not. But blockchain is a serious technology that can provide a variety of solutions. Imagine you are an automotive manufacturer and you have a product quality problem. Rather than recall thousands or millions of cars, you can simply recall the cars whose part is potentially defective based on blockchain identification and tracking.”
The areas that the crypto startups should follow include digital rights management, tokenizing other assets, customer rewards programs and digitizing real estate. Of course, there are more uses cases for blockchain technology but he believes those are the most important areas. Schroeder focuses mostly on those because he believes they have the most potential. Following the reports in the best cryptocurrency news sites, a huge number of companies are tackling digital rights management via blockchain. For example, BitTorrent’s cryptocurrency is one example of how to handle that. The holders of the coin will be able to use it to purchase content directly from its creator. Schroeder makes a valid point that people are too close to cryptocurrencies and usually get burned. This is why he stated:
 “In the 1800’s it was not always the gold miners who thrived. But the people who sold picks and shovels did. In the early days of the internet, it was not the multitude of startups that were rewarded. Most failed. But the builders of web infrastructure and internet technology thrived. Don’t confuse the adoption of Bitcoin as a digital currency with the enormous potential for blockchain technology.”
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