Bitcoin News – January 2018
In January hundreds of people started putting the Lightning software live already, despite the warnings from developers that it isn’t finished. People are incredibly eager for Bitcoin to scale. A very noticeable change in January was the amount of large companies announcing their plans regarding cryptocurrency services. There were also some impactful decisions from the South Korean government on cryptocurrency trading and we got an overview of all the hard work done in 2017 and the exciting upgrades coming to Bitcoin in 2018.
What the monthly news is about:
Each day, usually around the same time, I pick out the most popular/relevant/interesting stories in r/bitcoin and save them, after which I release them in one batch after the month ended. This gives you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in January 2018
02: A Lightning Network megathread & An explanation of Channel Factories and how they work & Localbitcoins is now SegWit compatible & A very late report of Peter Thiel’s fund buying hundreds of millions of dollars in bitcoin & BTC.com implements SegWit & Goldman Sachs is planning to launch crypto trading in mid-2018
04: Facebook CEO Mark Zuckerberg says that he will look into integrating cryptocurrencies in Facebook services & Bitcoin hardware wallets are unaffected by the recent ‘Meltdown’ and ‘Spectre’ CPU attacks & Bitcoin is listed as a currency on the CNBC website and on Yahoo Finance
07: An unverified story about Microsoft changing their bitcoin payment acceptance
08: Another update from the Pineapple Bitcoin charity fund & A reminder that most bitcoin buyers these days don’t buy for the reasons bitcoin was invented, but to get rich
10: An explainer on the Lighting Network from a networking point of view & Hal Finney foresaw the need for Bitcoin to scale in multiple layers in 2010 & More donations to scientific research by the Bitcoin ‘Pineapple Fund’
12: Coinbase turns out to be the main reason for high bitcoin fees, due to poor operational practices & The South Korean government is shocked at the backlash over the cryptocurrency trading ban proposal
21: After engaging in insider trading, South Korean officials now have to declare their cryptocurrency investments by law & Brazil now has more bitcoin investors than its stock market and treasuries combined
23: Eclair’s Lightning Network wallet is available for testing & South Korea legalises cryptocurrency trading and bans anonymous bank accounts & The Bitflyer exchange is launching in Europe & Comic-style guides to explain Bitcoin from beginner to expert
25: Robinhood adds no-fee cryptocurrency trading (US-only) to its stock trading app & A pros and cons breakdown and explainer of the Lightning Network & Square’s Cash app now supports buying, selling and sending bitcoin
30: News comes out that Bitfinex and Tether got summoned to court in December 2017 & Facebook bans all cryptocurrency and ICO advertising & The Pineapple Fund donates $1M worth of bitcoin to The Free Software Foundation
31: Pieter Wuille’s talk on Schnorr signatures for Bitcoin & South Korea’s Finance minister confirms the government has no intention to ban cryptocurrency exchanges & The CEO of Twitter & Square announces buying and selling of Bitcoin in the Square Cash app & The Line chat app plans to open a cryptocurrency exchange for its 200M users
Sam is a Bitcoin & Blockchain educator. He has been learning about them every day for years and uses his knowledge to help others understand and these complex topics in simple terms.