Lightning Jukebox by Blockstream Presented

Lightning Network brings new life to a classic machine
29 March 2018   408

Blockstream introduced the final Lightning application within the "LApps Week" - the Lightning Jukebox. As the developers note, the application is more entertaining - it is intended to serve as a good example of how even such an archaic device can be upgraded with the help of Lightning Network technology.

Lightning Jukebox - a modern version of jukeboxe, which can usually be found in bars and other similar establishments. For a modest fee, visitors can choose and include their favorite song. The main differences between LApp and traditional mechanical devices are payment using the Lightning Charge system and QR code, and the terminal plays not only audio, but also video-music tracks are broadcasted from YouTube.

The developers note that the Lightning Jukebox is a great example of creating Lightning Charge applications. The program consists of only 128 lines of code and demonstrates how easy it is to integrate a system of micropayments based on Lightning. In addition, LApp provides an overview of how services can be monetized in the Lightning Network.

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.