Chinese, International Telcos Explore ‘Blockchain + 5G’ Paradigm

Telecoms companies are increasingly looking to combine 5G and blockchain operations – particularly those based in China, per a new report that suggests blockchain development is as now as important to telecoms firms as next-generation mobile networks. Media outlet Communication Information News, via East Money, claims that some 23 telecoms companies based in 12 countries all over the world have been exploring ways to integrate blockchain technology advances since 2016. But now, it claims, some firms are looking to go a step further by looking for ways to combine blockchain with forthcoming…

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Bitcoin Dives, Erasing All Weekly Gains, Altcoins Bleed Too

In a sudden move in early Sunday hours (UTC time), bitcoin (BTC) price crashed around 10%, leaving traders perplexed. In the top 10, all coins, except tezos (XTZ), are down in double-digits. At pixel time (04:50 UTC), BTC trades at c. USD 8,534 and is down by 13% in a day, erasing all weekly gains (-8%) and trimming its monthly gains (21.5%) BTC price chart __BitMEX XBTUSD Liquidations At the same time, ethereum (ETH), XRP, bitcoin cash (BCH), litecoin (LTC) are down by 12%-13%, also dropping by 10%-14% in the past week. Bitcoin dominance, or the percentage of the…

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Is Bitcoin’s Lightning Network Ready to Replace Altcoin Use Cases?

For many, Bitcoin’s (BTC’s) Lightning Network (LN) is viewed as a way for the world’s most popular cryptocurrency to enable faster, cheaper payments. While many altcoins, such as Bitcoin Cash (BCH) and Litecoin (LTC), have specifically focused on low transaction fees for smaller cryptocurrency payments, the idea with the LN is to enable this functionality for the world’s most widely-used and liquid cryptocurrency— removing the need to create an alternative cryptocurrency network with a new token. Defining how long the Lightning Network has been around depends on one’s definition of the true launch date of the second-layer…

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