CNBC Trader: Lightning Network Is Driving Bitcoin’s Resurgence

CNBC Trader: Lightning Network Is Driving Bitcoin’s Resurgence

TweetShareBy CCN: Bitcoin must have been struck by lightning – the Lightning Network. That’s what some crypto observers are saying is behind bitcoin’s price surge.As part of its blockchain Week coverage, CNBC has hosted a series of crypto players to analyze what’s going on in the suddenly-roaring industry. Bob Iaccino, the chief market strategist at…

German Court Ruling Raises Questions about Bitcoin’s Legal Status

German Court Ruling Raises Questions about Bitcoin’s Legal Status

Advertisement Until recently, Germany’s Federal Financial Supervisory Authority (BaFin) classified bitcoin as a financial instrument, but a subsequent court ruling disclaimed this categorization and decided that the cryptocurrency does not meet this definition under the terms of the German Banking Act (KWG). Bitcoin Unrecognizable to German Legal Framework The Berlin Court of Appeal in September…

Rogue Qiwi Employee Mined 500,000 Bitcoins [Then Lost Them All]

Rogue Qiwi Employee Mined 500,000 Bitcoins [Then Lost Them All]

Advertisement Qiwi, a large Russian payments company, has played a pioneering role in blockchain development in that country, largely driven by its CEO and major shareholder, Sergey Solonin. The reason for Solonin’s interest in cryptocurrency recently came to light during a lecture he gave at the Moscow School of Communications, according to Rubase. In 2011,…