Bitcoin Scaling Breakthrough Statechain Offers ‘DEX’ For Any User

The author of a new off-chain Bitcoin scaling solution called Statechain has appealed to the community to implement it as an essential network feature. Statechain Development ‘Essential’ In a blog post June 4, Rubsen Somsen, creator of Statechains, argued that off-chain scaling was obligatory for Bitcoin to succeed, and that his tool solved some of the problems associated with alternatives such as the Lightning Network. “…Bitcoin has no choice but to scale via the second layer. It is therefore absolutely crucial that this kind of technology gets built,” he wrote.…

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China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by…

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