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  • 💊 Google Cloud Strikes Lightning Deal with Voltage; Bitcoin Mining Gets Tougher than Ever

💊 Google Cloud Strikes Lightning Deal with Voltage; Bitcoin Mining Gets Tougher than Ever

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“Buying bitcoin is the most powerful protest an individual can make against the current economic system.” - Luc Dossis

Happy Friday, Bitcoiners!

It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news!

Bitcoin Price: $$26,969 Market Cap: $ 0.522T

In today’s newsletter:

  • Google Cloud Strikes Lightning Deal with Voltage

  • Bitcoin Takes Center Stage in US Politics as Three Presidential Candidates Rally Behind Bitcoin

  • Bitcoin Mining Gets Tougher than Ever: Record-Breaking 50T Difficulty Level Amidst Rising Profits

Google Cloud Strikes Lightning Deal with Voltage

Okay, brace yourself because you're in for a treat. In a monumental, earth-shaking development, Voltage, a Lightning as a Service (LaaS) provider, has decided to cozy up with Google Cloud. The objective? To blow up its hosting capabilities to every corner of the planet and, get this, to allow its customers to create Bitcoin and Lightning Nodes willy-nilly. Why? To empower enterprises with the capability of conducting real-time payments with near-zero fees. Because who doesn't love faster transactions that are almost free, right?

Voltage is apparently the knight in shining armor here, rescuing enterprises from three big scary monsters. They're offering this magical solution which allows money transfers over the Lightning Network – a cheaper alternative for all those financial bigwigs and fintech whizz kids. By jumping on the Lightning Network bandwagon, they're promising businesses a ticket to a global audience. And the cherry on top? They're making those tricky microtransactions happen, supposedly increasing customer retention and lifetime value, and reducing acquisition costs. Coupled with Google Cloud's fancy network infrastructure and promises of grandiose scale, this partnership seems to be making Bitcoin as natural to businesses as coffee breaks. They've even picked out initial locations in exotic Iowa, the Netherlands, and Singapore.

Source: BM

💰 Rootstock's Bitcoin Bonanza: $2.5 Million Grant for Savvy Code Jockeys to Rev Up DeFi

Ah, yes, Rootstock. Ever heard of them? They're the latest smarty-pants Bitcoin platform rolling out a $2.5 million grant program. Why? To juice up decentralised finance (DeFi) on the Bitcoin network, of course! Their grand plan is to support a whopping 100 projects financially. And get this; they're shelling out an average of $25,000 each, all to play nice with the Bitcoin gang. And how can you, humble coder, get your hands on this generous offering? Simple, just hop on their Scaling Bitcoin hackathon co-hosted by Hacker Earth. It's like a speedy backdoor into the grant program. Pretty neat.

Pen Chen, who happens to be in charge of this cash giveaway, is adamant about turning a new leaf for digital assets adoption. Forget about the early adopters, Chen's got his eyes on the early majority now. Basically, they're trying to turn Bitcoin into your everyday Joe's currency. Then there's the whole enchilada about merging Bitcoin networks. Apparently, it's all about making Bitcoin play nice with other blockchain ecosystems. And, of course, they want to drum up more user engagement because, why not? Then there's the 'build a robust DeFi ecosystem' spiel. Basically, they want you to invent stuff that ropes in marketplaces, consumer dApps, and other platforms to pump fresh functionalities and liquidity into the Bitcoin ecosystem. The whole shebang kicks off with an Ideathon that runs until June 19th, followed by a practical execution phase wrapping up on July 9th.

Source: Rootstock

⛏️Bitcoin Mining Gets Tougher than Ever: Record-Breaking 50T Difficulty Level Amidst Rising Profits

Bitcoin, has yet again decided to spice things up by stepping onto a historic difficulty level as if it wasn't challenging enough already. The difficulty level – essentially a fancy term for how hard it is for miners to find a Bitcoin block – has passed the 50T milestone. So, yes, you've heard it right; that's one heck of a record! Meanwhile, the hash rate, or total computational power, is on the rise too because why not?

Thanks to the Bitcoin price rocketing sky-high this year and the newfound love for the Ordinals protocol, miners are raking in the dough. This protocol has brought in additional perks, including non-fungible tokens, thereby causing an explosion of transactions. But what's not so great for miners? The higher transaction fees! No good deed goes unpunished, right? And just when you thought it couldn't get more intriguing, here comes the halving, which has got miners scrambling to mine the remaining blocks before the rewards are halved. This frenzy, of course, sends mining difficulty off the charts. Remember Marathon Digital Holdings and Bitfarms, the big dogs in the mining world? Even they're feeling the pinch with declining bitcoin numbers and losses in Q4 respectively, because of these higher difficulty levels.

Source: Bitcoin News

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