Analysis Crypto by Thebittimes.Com

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Author: GaryMa Recently, the first fully Bitcoin-isomorphic Layer2 solution CKB released a prototype of Fiber Network, a next-generation common Lightning Network built on Nervos CKB and off-chain channels. It offers fast, low-cost, and decentralized multi-currency payments and P2P transactions for RGB++ assets. The value proposition behind this is that the current crypto payment model has deviated from the “P2P electronic cash system” envisioned in Satoshi Nakamoto’s Bitcoin whitepaper. As the industry evolves, the crypto payment model seems to continually introduce rent-seeking intermediaries and centralization bottlenecks that crypto was originally meant to eliminate. This article attempts to review the evolution of crypto payment models and further explore the vision of CKB in constructing P2P off-chain payments. Bitcoin: The Origin of the P2P Electronic Cash System Currently, the industry may primarily view Bitcoin as a store of value. However, we shouldn’t forget that Satoshi Naka...

The luxury carmaker partners with BitPay to facilitate cryptocurrency transactions. Ferrari is responding to growing customer demand and dealer requests. The luxury car maker will start by accepting crypto payments in the US and later Europe. In some interesting crypto news, Ferrari, the iconic luxury sports car manufacturer, has officially announced its plans to accept cryptocurrency payments for its high-end vehicles in the United States. This groundbreaking decision, spurred by increasing customer demand and the rise of digital currency investments, represents a significant shift in the automotive industry. Here’s what you need to know: Crypto payments for iconic Ferraris Ferrari’s chief marketing and commercial officer, Enrico Galliera, has confirmed the brand’s intention to accept crypto currency payments in the US and later in Europe. This move was primarily driven by a surge in market demand and repeated requests from their dealers...

The two companies have not disclosed the acquisition price. Bitwave completed a $15 million Series A investment round in December 2022. Gilded has over 130 enterprise clients, including mining companies. Bitwave has bought the payments and accounting platform Gilded. The acquisition is anticipated to improve Bitwave’s enterprise solutions, which already include features for crypto payments and invoicing as well as tax tracking and bookkeeping software. Ken Gaulter, chief technology officer of Gilded, will also join Bitwave’s technical team as a result of the acquisition. Only a few months had passed since Bitwave purchased Multisig Media before this acquisition. In a note to a popular media house, Pat White, Bitwave’s co-founder and CEO, said: “We see digital asset payments as faster as and cheaper than traditional payment rails— and in this hyperconnected economy, we expect that to be a game changer for businesses.” G...