Blockstream Co-Founder Joins Bitcoin-Only Start-up River Financial

River is a bitcoin-only financial institution for buying and selling the digital currency (emphatically not an exchange; it says it’s “for the long-term investor”). Currently available only to testers who have received invites, the San Francisco-based outfit is working on an interface it hopes will be as slick as Jack Dorsey’s Square Cash, equipped with automatic recurring buys. Continue reading Blockstream Co-Founder Joins Bitcoin-Only Start-up River Financial

Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets

Announced Tuesday, the new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their own wallets. Existing bitcoin wallets will also be able to support Lightning through the new kit, rather than requiring companies to build a separate wallet. Continue reading Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets

Crypto Asset Firm Amun Launches Inverse Bitcoin ETP

Announced Thursday, Switzerland-based Amun has launched the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX), an exchange-traded product tracking bitcoin’s price movements inversely. If bitcoin’s price climbs, traders lose. If it falls, they win. Continue reading Crypto Asset Firm Amun Launches Inverse Bitcoin ETP

BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits

BlockFi’s new yields for those lending up to 10 BTC (its “Tier 1” customers) will be 5.1 percent. Right now, customers loaning up to 5 BTC see a yield of 6.2 percent. Likewise, their Tier 1 ETH lenders will also see a rate cut to 3.6 percent on loans of up to 500 ETH from 4.2 percent for lending 1,000 ETH. Continue reading BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits

Bitcoin’s Privacy and Scaling Tech Upgrade ‘Taproot’ Just Took a Big Step Forward

On Tuesday, Pieter Wuille, a Bitcoin Core contributor and the brains behind the update known as Taproot, submitted a work-in-progress code change to GitHub in what’s known as a “pull request,” showing the code is ready for more developer eyes. Continue reading Bitcoin’s Privacy and Scaling Tech Upgrade ‘Taproot’ Just Took a Big Step Forward

Crypto Currency Market News