Lightning Network Nodes Number to Exceed 2000

The total Lightning Network capacity is $150 000 now
23 April 2018   1247

On Sunday, April 22, the number of active nodes of Lightning Network (LN) in the main network of bitcoin exceeded the mark of 2000, and the number of open channels was 5 650. These nodes had already transfered around $150 000.

Armin van Bitcoin Twitter
Armin van Bitcoin Twitter

Nevertheless, at the moment the number of active Lightning nodes has decreased slightly - up to 1 684, but the number of open channels has increased to 5 663.

It should be noted that the developer of Bitcoin Core Peter Todd has finally managed to carry out three successful Lightning transactions for $ 3, $ 5 and $ 40 through one payment channel from his Acinq wallet, which he reported on his Twitter.

Peter Todd Twitter
Peter Todd Twitter

Todd previously criticized Lightning for criticizing the use of the "dangerous" C programming language because of the frequent segmentation errors that, in his opinion, lead to the failure of many payments.

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   144

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.