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Digital Economy:
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100 Trading Platforms to Test Lightning Network

11 July 2018  |    1326

The users of New Zealand based crypto exchange Cryptopia were concerned about the unscheduled maintenance this week. The outage took longer than the expected ninety minutes, which made the users even more worried and raised further questions. Although Cryptopia says the outage is now over, some users have complained about withdrawal issues, reporting that their technical support requests are unanswered or “stuck in processing”.

The Japanese company GMO Internet Group has released a new model of its bitcoin miner equipped with 7nm ASIC chips. The new model has the same technical characteristics as the previous one, but it can achieve a higher hashrate and has a “hash power optimization function”, which enables its maximum performance. The sales of the new equipment are scheduled for November, pre-orders being already accepted. The miner will cost 1,999 dollars and can be purchased by fiat money, bitcoins and Bitcoin Cash.

Since yesterday, the bitcoin price has been falling sharply. This week, bitcoin could hardly reach 6800 dollars but it didn’t manage to secure this position. Yesterday its highest price hovered at six 6700 dollars. Within a day the cryptocurrency has lost nearly 400 dollars in value. Other cryptocurrencies are likewise losing on price, the total crypto market capitalization being close to 250 billion dollars.

Cryptocurrency payment gateway CoinGate is launching a pilot program for 100 platforms to test transactions on the Bitcoin Lightning Network service. The platforms taking part in the Lightning Network trial include sports betting websites, online shops providing crypto services, servers, and adult entertainment websites. Lightning Network payments became available on July 1.

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