segwit slow adoption rate
Bitcoin Cryptocurrency News Market

One Year Later, What’s Holding Back SegWit Adoption on Bitcoin?

It’s been over a year since the scaling upgrade known as segregated witness, or SegWit, was activated on the bitcoin network. Even so, only an estimated 36 percent of all bitcoin transactions are actually using it. Why the minimal adoption rate? It’s largely because, like any backward-compatible upgrade (otherwise called a soft fork), SegWit ensures participants in the Read more…

Cryptocurrency News Market

Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down

The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, according to Odaily, a Chinese media outlet. The company has not officially confirmed any of the media allegations yet. But sources inside the organization have revealed

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Cryptocurrency News Market

Bitmain: Bitcoin Mining Giant to Sack 50% of Its Workforce

Bitcoin mining giant Bitmain is going to sack almost half of its staffers by the end of this week, sources from the Chinese media reported. The Beijing company today laid off a team which was working on the development of Bitcoin Cash client. The news broke to the wire when Samson Mow, Blockstream Chief Strategy Officer,

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bitcoin lightning network grows
Cryptocurrency News Market

Bitcoin’s Lightning Network is Quietly Scaling for the Next Bull-Run

Bitcoin passed more significant milestones this week as data reveals its Lightning Network (LN) implementation passed 500 BTC ($2,066,000) capacity for the first time. Lightning Network Sees Parabolic Rise Statistics from monitoring resource 1ML.com confirmed the record capacity for payments at press time, with the number of accessible nodes also rocketing 13.7 percent and channels Read more…