Lightning Network App Comes To Apple Smartwatches

It has been reported that Bitcoin Lightning Network will now come to Apple smartwatches via an App launched by Bluewallet.

Bluewallet is one of the more popular lightning network wallets.

The new app will enable Apple Watch users to receive Bitcoin (BTC) over the Lightning Network (LN) which has been developed as a second layer scalability solution for the Bitcoin’s main network

The new application is now downloadable from itunes and according to Product and UX engineer Nuno Coelho, the new app is a small experiment which limited features of sending and receiving lightning payments.

As stated above the initiative is just an experiment to check how the market will react on the project.

If feedback on the initiative is good the team will be spending more time on the project.

Coelho states that the industry is still on its infancy stages and they are still learning out how to build application on top of these platforms.

Over 50 Software Engineers Working On Cardano

Charles Hoskinson, the founder of Cardano and co-founder of the Ethereum blockchain has recently revealed that they have over 50 full time engineers working on Cardano.

He states that his teams of developers are building a product that is based upon new science and new ideas and is committed to developing the Cardano protocol in an open and transparent manner.

Responding to criticism about the delays on the launch of Shelley, a major upcoming Cardano network upgrade that intends to bring full decentralization to the proof-of-stake (POS)-based platform, Hoskinson states that Cardano project involves time-consuming research and development and it is not always guaranteed that deadlines will be met.

Hoskinson also reveals that one of the main goal of Cardano and other projects under his belt is to encourage people who don’t use cryptocurrencies to begin using them in their everyday lives

According to him rather than selling people a token it would be better to introduce them to cryptocurrency projects that help solve a problem they have.

Increasing Number Of High Net Worth Individuals In The Crypto Space

According to an independent financial advisor, deVere Group, 68% of their 700 high net worth respondents on a poll they have conducted have already invested or will invest in cryptocurrencies.

Respondents came from the USA, UK, UAE, Australia, Hong Kong, Japan, Qatar and many more developed nations.
Nidel Green, CEO of deVere Group reveals that wealthy investors has been interested with cryptocurrencies for quite some time now and are seeking to increase their exposure to cryptocurrencies.

He states that there are five fundamental factors that drive the interest of these wealthy investors: They borderless in nature, they are digital and for technological advancement, real world application especially in finance, demographics showing younger generations will embrace the technology and the entry of institutional investors.

Not everyone is excited in this new emerging asset class like Jamie Dimon and Nouriel Roubini however this is just but natural as Jamie Dimon is an oligarch of the current financial system and Roubini’s expertise is reliant on the prevalence of the same system.

There are Around 22 Million US Crypto Traders

According to an online news report the number of U.S. crypto traders dwarfs the numbers other traders from other countries.

Data Light analyzed traders using the top 100 Bitcoin Exchanges and found that over 22 million users hail from America.

The next country with the most number of cryptocurrency trades is Japan with 6 million followed by South Korean with 5 million users.

To match the number of crypto traders of the U.S. it takes almost six other countries to reach the the same number of traders

This amazing given the fact that the United States remains a regulatory nightmare for cryptocurrency traders as regulators have not released regulatory guidelines that would provide for certain regulatory clarity in the space.

Fidelity To Starts Bitcoin Trading

It has been reported that Fidelity, one of the largest asset manager in the world with $2.7 trillion under management and 1.3 million trades a day will start Bitcoin trading for institutional investors.

According to Arlene Roberts, Fidelity spokeswoman, they have a select set of clients they are supporting in the platform and will continue to roll out services over the coming weeks and months.

It has been revealed by unnamed sources that Fidelity investments will buy and sell Bitcoin for institutional customers within a few weeks.

This development comes after they carried out a survey which they found that almost half of institutional investors might add Bitcoin to their portfolio.

Currently the digital assets division on Fidelity is focused on helping specific types of institutions engage with digital assets in a meaningful way and they are not yet open to retail investors just yet.

Headlines for the world of Cryptocurrencies - May 05, 2019

Five Canadian Banks Now Using Blockchain Identity Verification System / Tamper Free Digital Certification Using Blockchain Given To Singapore Students / MIT Professor Helping Facebook To Create Its Own Cryptocurrency / Winklevoss Twin Giving Away 1 Bitcoin / SBI’s President Is Now Part Of The Board Of Ripple

Headlines for the world of Cryptocurrencies - May 04, 2019

Crypto Winter Is Over According To EToro / The Monetary Authority Of Singapore Sees The Value Of Blockchain In Cross-Border Transfer / Cryptocurrencies Effective Tool in Addressing Issues on Micropayments / Washington State Recognizes Distributed Ledger Technology To Be Legal / Bitfinex To Conduct IEO For Its Own LEO Token

Headlines for the world of Cryptocurrencies - May 03, 2019

Facebook Seeking $1 Billion For FB Coin Talking With Credit Card Giants / Domino’s Pizza In Malaysia And Singapore To Use DLT-Enhanced AI For Logistics / New Developers Suite By QTUM Launched In Google Cloud / Fidelity Sees Institutional Investment In Crypto To Grow / Software Giant Releases Blockchain Manager App