Old Mutual Gold & Silver Fund buys bitcoin

The organizations has big plans for cryptocurrency
24 November 2017   935

Representatives of Old Mutual Gold & Silver Fund reported that the company had spent 11 million dollars to buy bitcoin. Experts consider that it’s another victory of decentralized digital money. The Fund possesses monetary resources of 220 million dollars in gold equivalent and now the organization is planning to replace 5% of the whole fund money with cryptocurrency.

Mr Naylor-Leyland doesn’t see any threat from digital money. On the contrary, he supports the idea of using bitcoin by investors. The value of this type of cryptocurrency has been rapidly increasing: from 1000$ to the present 8000$.

Blockchain technology and digital money are the way to solve problems of the trust among business partners and the process of transferring money. The perspective of the interrelationship between stable currency and blockchain is very tempting. It’s not clear yet, if the cryptocurrency will be able to replace sound money but the growing influence of blockchain cannot be minimized.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   120

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.