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video with more bitcoin headline news and analysis soon in the daily Colorado digital token act ID funds crypto index fortress blockchain in this edition of The Daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers the launch of a new cryptocurrency index fund and the latest miner to succumb to crypto winter also read UK regulator three percent of consumers surveyed have bought cryptocurrency Colorado digital token act the governor of the u.s. state of Colorado has signed the crypto a friendly digital token Act into law the Act which boosts was introduced in January is a major step towards creating a hospitable regulatory environment for the digital assets industry to establish itself in Colorado this is because it extends certain exemptions from state securities laws for cryptocurrencies making businesses less hampered by antiquated rules explaining the rationale for the exemptions the document notes that Colorado has become a hub for companies and entrepreneurs that seek to utilize crypto Kannamma systems to power their business models the costs and complexities of state securities registration can outweigh the benefits to Colorado businesses seeking to raise capital and create new platforms within the digital economy this Act will take effect following the expiration of a 90 day period after final adjournment of the Colorado General Assembly the state’s legislature expected to occur on August 2nd 2019 exciting day for number blockchain technology at Givat Co at correctness sign the number Digital toe connect today with key legislators Attorney General at quizzer and number Colorado cabinet members patty Salazar with a Dora Colorado at Betsy Markey with edit and at Teresa Sura coveted Colorado pic air load B Teresa direct at Teresa select March 7 2019 IT funds crypto index investment management platform ID funds has launched its own crypto index fund based on an index administered by MV index solutions MV is the new fund aims to give institutional investors diversified access to the crypto market through exposure to selected assets among the 30 most capitalized cryptocurrencies including BTC @x RP b CH and LTC to be included in the index assets must be traded on licensed exchanges with proper liquidity and available for insured cold storage capping each asset at 15% on a quarterly basis is meant to keep the index suitably diversified fortress blockchain succumbs to crypto winter fortress blockchain a Vancouver based company listed on the TSX Venture Exchange has exited the cryptocurrency mining business the company has announced its deactivated all mining hardware located at its Grant County facility on March 5th 2019 fortresses management has determined that the marginal profitability of cryptocurrency mining and the risk of further decline along with increased regulatory costs and oversight does not justify continued operations fortress still has over cat 10 million dollars left under its control and plans to re-establish itself in a yet to be determined business sector additionally management is now looking for the most effective way to sell the mining equipment to recoup some of its investment and losses it is anticipated that the company will soon change its name in order to no longer be associated with the term blockchain what do you think about today’s news tidbits share your thoughts in the comment section below thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price of articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a traders made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon this is why the Bitcoin enlightening network capacity now exceeds 4.2 million dollars promising to be electrifying and covering for the rapidly expanding Bitcoin Lightning Network is the nearest alternative for scaling the underline at the time of press and perhaps triggered by expanding Bitcoin prices an increasing number of BTC accepting merchants the Ln network capacity is up 54% processing a massive four million two hundred fifty nine thousand one hundred forty 1.7 cents or roughly ten fifty seven BT sees as the capacity grows the number of channels follow suit an are up 18 percent to seven thousand three hundred eighty one but why is lightning network gaining so much traction roughly a year after launch seg which laid the foundation for once we must understand that bitcoin is a network is limited by block size back in q3 and q4 2017 several solutions were proposed and in a bid to deal with a bloated Network the community agreed to soft fork the network through a user activated upgrade in segregated witness seg wit it was seg wit that laid the foundation for LN as a tranny code separating transaction signature from data thereby freeing up space allowing for more transactions to fit in a block supporters estimated that segment would quadruple the nominal capacity of the network apart from implementing this space freeing code sacred also dealt with the malleability bug that would have directly impeded the activation in launching of ln a layer two in controversial layer two solution that would increase the networks throughput since the business community disagreed to activate and double block size two 2mb contrary to New York and Hong Kong agreements the only solution that would scale the network was Lightning Network here’s why Lightning network is popular Lightning Network introduces a smart contract that runs on top of the Bitcoin network allowing i/o use through this code appear can only one payment channel and connect with other peers he or she transacts with similarly each peer will have one connection to the underlying blockchain network connected peers can transact as they want execute private payments but once the channel is closed or funds in the cell and supporting wallet are exhausted everything is settled on the Bitcoin blockchain because of this arrangement payments are processed faster costs reduced in the throughput increased by several factors in fact according to the official lightning Network description the creation of private channel scales the underlined by millions to billions of transactions per second meaning it can outperform traditional financial intermediaries like visa which can process 2,000 transactions per second and other centralized network by several magnitudes add this to the efficiency and lack of intermediation costs that parties paid the network becomes this audit free secure and cheap payment processing juggernaut supporters there are weaknesses associated with the ln but the promise of making small transactions in a scalable manner is what is enticing already Jack Dorsey is a supporter and through tip in dot ME users can tip users posting quality content or breaking news and Twitter that’s not all according to maynot lightning network stores more merchants are embracing the future through lightning pizza you can order pizza from dominos and pay with Bitcoin via the Ln bit filling reintegration to bring Bitcoin lightning payments to more merchants the bitfury group has partnered with business payments processor hate pay to bring lightning network-based Bitcoin payments to merchants in the US Canada and the EU the fury announced Thursday that it is intergrated it’s web-based lightning Network peach merchant API application programming interface with hate pays platform allowing businesses to accept payments over the Lightning Network and improving the efficiency and lowering the costs of Bitcoin transactions after payment is made merchants can immediately convert bitcoins into another currency through hate pays platform that fury said by bringing the Lightning Network to hate pays payment processing platform we are making it easier for businesses across the United States to accept Bitcoin payments said puddle pre-code co-head of lightning peach that furies team of lightning network developers Bitcoin payments VIII of hate pay are now available in all 50 US states bitfury added hey pay runs on a hybrid model processing both fiat and blockchain payments the platform can also be used by merchants around

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