Saturday 1 September 2018

r/Bitcoin recap - August 2018


Hi Bitcoiners!I’m back with the twentieth monthly Bitcoin news recap.For the Daily Discussion Thread please go here.For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.You can see recaps of the previous months on Bitcoinsnippets.comA recap of Bitcoin in August 201801: The Queensland government is funding a bitcoin point-of-sale system roll-out & Someone makes their first Lightning purchase in a restaurant in Oslo & Bitcoin is erasing 300 years of monetary evolution02: An interview with SEC commissioner Hester Peirce about a Bitcoin ETF03: Microsoft, Starbucks the NYSE parent company ICE, BCG and others are developing a payment platform so they can accept cryptocurrency payments & Mt. Gox will no longer need to liquidate any bitcoin04: The ICE founder says they’re trying to help Bitcoin become the first worldwide currency & btcinformation.org is launched as a community-maintained fork of Bitcoin.org without ads and trackers & 5% of Square’s revenue comes from Bitcoin today05: The mining power on the Bitcoin network has reached 50 Exahashes per second06: The total number of bitcoin ATMs surpasses 3.5k & According to a report, Goldman Sachs is planning to offer custody services for cryptocurrency funds07: Swapping one cryptocurrency for another on the Lightning Network & A reminder that Bitcoin doesn’t need banks, ETFs or commissions & Hal Finney on each day Bitcoin doesn’t collapse & The DEA admits bitcoin speculators, not drug dealers, dominate cryptocurrency now08: A hardware wallet pencil cup holder & A Yale study says every portfolio should include at least 6% bitcoin09: From the year 2100 to 2140 one bitcoin will be mined in total & Another bitcoin street art piece in Paris receives $1k in donations10: Bitcoin core developer Cory Fields helps avoid a chain-split in another cryptocurrency & 3265 days of Bitcoin development visualised in 7 minutes & A presidential candidate of Brazil wants to make bitcoin a legal currency & bitcoin.de activates SegWit late, but still before blockchain.com11: Bitcoin passes 50% market cap dominance again12: Bitmain recently sold most of their bitcoin13: Bitcoin is in the National Museum of American History in Washington D.C. & Advice for people returning to Bitcoin from altcoins14: Square Cash opens bitcoin trading in 50 US states & Lightning Makers is a community of Lightning Network applications15: Progress on Bitcoin Core 0.17 & The Coinbase CEO thinks more countries will get economic crises leading to cryptocurrency adoption16: USAA bank sends out an informational article on cryptocurrencies to its 12 million customers & Zap’s 0.2.1 Lightning Network Desktop beta app is released & A new version of Eclair’s Lightning testnet wallet for Android is released17: The Bitcoin network is supported by 3x the mining power it had at the start of the year18: The Federal Court in the United States now collects cryptocurrency for bail19: A large amount of currently unidentified miners emerge & How struggling fiat currencies lead to bitcoin adoption in the long term20: A bunch of people have been unable to get their bitcoins back from localbitcoins after being scammed with bank transfers21: SegWit adoption is now at 45% of all bitcoin transactions & The amount of channels on the Lightning Network grows by 45% in 1 month22: A company does catering for Coinbase and receives Coinbases’ first ever cryptocurrency payment for a service & A Bitcoin app receives 47% of all its traffic from Venezuela23: The SEC disapproved Bitcoin ETFs because unidentifiable participants can influence the market24: Everyone who lost money in the MtGox hack has to file their claims again25: A discussion about bitcoin with a smart kid & Reddit co-founder Alexis Ohanian on why he is betting on bitcoin26: A deep-dive into Bitmain’s mining chip business & A taxi in Tallinn accepting bitcoin & Bitcoin is both a payment network and a currency & BIP158 gets merged which allows the Lightning network to support light clients like mobile phones27: A summary of what happened in the Lightning Network space28: The hashrate on the Bitcoin network increases by 35% in 2 days29: Bitmain-owned mining pool BTC.com is celebrating SegWit and the Lightning Network as scaling solutions30: Venezuelans keep increasingly using localbitcoins as the government forces banks to use their national cryptocurrency and people who leave the country get their accounts frozen31: An investigation on the moving of ~$1B worth of bitcoins related to a Silk Road wallet via /r/Bitcoin http://bit.ly/2wFOIs7

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