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On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin. The Lightning Network has struck Ghana, Kenya and Nigeria. During a conference in Ghana, Strike CEO Jack Mallers announced that the Bitcoin (BTC) payments company has partnered with the mobile app Bitnob to facilitate payments into Africa.  Mallers made the announcement on stage at AfroBitcoin, a Bitcoin conference in Ghana's capital city of Accra. He stood alongside Bernard Farah, the Nigerian CEO of Bitnob, following a short presentation on how it works.   Money transfers into Africa take advantage of the Lightning Network, the layer-2 payments network built atop Bitcoin. The feature is called “Send Globally,” and it enables instant, low-cost payments to Africa. Diagram of the money transfer from Alice in Nigeria to Bob in the USA. Source: Facebook The feature does not require people to use Bitcoin themselves, Bitnob CEO Bernard...

The total Bitcoin mining revenue — block rewards and transaction fees — in U.S. dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500. The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the Bitcoin hash rate over the past month has allowed miners to recoup losses. The total Bitcoin mining revenue — block rewards and transaction fees — in United States dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500. While the current market price of around $16,500 suggests an obvious increase in mining revenue, factors including greater mining difficulty and rising energy prices contribute to lower income in dollar terms. Adding to the above, the difficulty of mining a Bitcoin block has skyrocketed to an all-time high of...

Saylor wanted to demonstrate just how well he can use Bitcoin’s layer-2 Lightning Network by hosting a meme competition. Executive chairman of Microstrategy, Michael Saylor, does not like to be called out. He responded to a poll shared by Eric Wall, a crypto researcher, that suggested he had not used Bitcoin’s (BTC) layer-2 Lightning Network more than three times with a Twitter poll of his own. The correct answer is Yes, and I will make three more transactions of 1,000,000 sats each to the 3 posters of the most liked #Lightning️ memes in the comments below. https://t.co/qXZ90q4Ly9 — Michael Saylor️ (@saylor) October 4, 2022 Saylor replied to the poll with a resounding yes, and kickstarted a meme competition with a 1,000,000 sats giveaway (0.01 Bitcoin, $200) to the most liked meme. In giving away Sats to prizewinners, Saylor will literally use the Lightning Network three times. Saylor first tweeted about the Lightning Network in May 2021, and has since become a proponent for th...

Saylor wanted to demonstrate just how well he can use Bitcoin’s layer-2 Lightning Network by hosting a meme competition. Executive chairman of Microstrategy, Michael Saylor, does not like to be called out. He responded to a poll shared by Eric Wall, a crypto researcher, that suggested he had not used Bitcoin’s (BTC) layer-2 Lightning Network more than three times with a Twitter poll of his own. The correct answer is Yes, and I will make three more transactions of 1,000,000 sats each to the 3 posters of the most liked #Lightning️ memes in the comments below. https://t.co/qXZ90q4Ly9 — Michael Saylor️ (@saylor) October 4, 2022 Saylor replied to the poll with a resounding yes, and kickstarted a meme competition with a 1,000,000 sats giveaway (0.01 Bitcoin, $200) to the most liked meme. In giving away Sats to prizewinners, Saylor will literally use the Lightning Network three times. Saylor first tweeted about the Lightning Network in May 2021, and has since become a proponent for th...

Saylor wanted to demonstrate just how well he can use Bitcoin’s layer-2 Lightning Network by hosting a meme competition. Executive chairman of Microstrategy, Michael Saylor, does not like to be called out. He responded to a poll shared by Eric Wall, a crypto researcher, that suggested he had not used Bitcoin’s (BTC) layer-2 Lightning Network more than three times with a Twitter poll of his own. The correct answer is Yes, and I will make three more transactions of 1,000,000 sats each to the 3 posters of the most liked #Lightning️ memes in the comments below. https://t.co/qXZ90q4Ly9 — Michael Saylor️ (@saylor) October 4, 2022 Saylor replied to the poll with a resounding yes, and kickstarted a meme competition with a 1,000,000 sats giveaway (0.01 Bitcoin, $200) to the most liked meme. In giving away Sats to prizewinners, Saylor will literally use the Lightning Network three times. Saylor first tweeted about the Lightning Network in May 2021, and has since become a proponent for th...