Reddit Roundup – June 2020 – Bitcoin Magazine

Ladies and gentlemen, we bring you the first ever edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as …

This Odd Apple Fractal Suggests Bitcoin Will Soon Pass $10,000

Looking at Bitcoin’s recent price action, many analysts expressed bearish sentiment. They primarily cite the ongoing downtrend, which began when BTC was rejected at $10,400 at the start of June. From the looks of it, the move lower has been bearish: the cryptocurrency has printed a series of lower highs and lower lows, a trend …

This Alarming Pattern Suggests Bitcoin Could Soon Crater Lower

As Bitcoin continues its range-bound trading phase, traders are placing their bets on which direction it will trend next This consolidation has caused the cryptocurrency’s volatility to plunge to lows not seen in over a year It is unlikely that this trend will last for too much longer, as extended bouts of sideways trading are …

Zap’s Strike Moves to Public Beta – Bitcoin Magazine

Today, Zap, the Lightning wallet lead by developer Jack Mallers, has announced that their Strike product is now in public beta.   Previously, Strike had only been available through a closed, private beta program. In the private beta, Mallers claims that they have “already seen $100,000 in payments”. Strike is an application that allows you to transact …

A Crypto Startup in India Raises $650k to Bring “Chit Fund” on Blockchain

Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV). The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market. “At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize Chit Fund Companies, …

Lastbit’s Wallet Hopes to Make Spending Bitcoin Simple One Day – Bitcoin Magazine

Lastbit, a Berkeley-based startup, has announced the beta launch of their Bitcoin and Lightning-enabled wallet. The company claims that their new solution is meant to address three critical problems preventing Bitcoin’s mass adoption:  price volatility, slow transactions, and technical complexities. Their solution for all of those problems seems simple:  allow the merchants to be paid …