Bermuda Turns to Crypto Amidst Payment App Exclusion – February 4

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,240

Bitcoin’s recent price rise appears to have lost some momentum, falling half a percent today to $9,240.

Top-20 altcoins have also slightly corrected, as Ethereum and XRP both fall just over 1% a piece. Bitcoin SV was the day’s largest mover, falling 3.5%.

Top Stories for February 4, 2019 πŸ”₯

πŸ‘‰ Bermuda Turns to Crypto Amidst Payment App Exclusion

Bermuda is reported to be exploring the use of cryptocurrency, as a way to improve its population’s financial inclusion.

The country is unable to access global payment services including major names like PayPal, Cash App, and Revolut.

The Bermuda government already began to accept crypto for tax payments, and is now looking to create its own cryptocurrency ecosystem.

πŸ‘‰ MIT Solution may Speed-Up Cryptocurrency Networks

MIT researchers have come up with a new solution called “payment channel networks” (PCN) to speed up blockchain network transactions.

Although the concept is very similar to the lightning network, a second concept named “spider” was also introduced. The spider technique fragments transactions into smaller pieces, which can move through different payment channels at varying rates.

πŸ‘‰ Twitter Introduces Bitcoin Emoji

Twitter has introduced a new Bitcoin emoji, which displays whenever a user tweets the Bitcoin or BTC hashtags.

Jack Dorsey, founder of Twitter, appears hopeful that the emoji will be more widely adopted. His most Bitcoin-related tweet tagged unicode – a well-known text encoding standard.