Mt. Gox will live again, bitcoin is "honestly useless" and Jack Dorsey likes Lightning Network: this week in crypto



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Please comment at the end of your favorite stories of the week. While our coverage extends far beyond cryptocurrency news, we would like to know which cryptographic topics our readers prefer to get the most attention from.

Mt. Gox to get up

NCC announced that Brock Pierce would reopen Mt. After the Japanese courts, Gox approved a civil rehabilitation plan to pay creditors in cryptocurrency. The public reception of the idea has so far been lukewarm at best. Pierce told CCN:

The only person who would have a reason to be against me is Mark Karpeles. I was with him a few days ago. Mark seems to be on the same page as me.

Pierce is arguably the only shareholder in the exchange that has failed. The news of Mt. Gox's failure was the first introduction of Bitcoin to many people, and Pierce wants to write a happy ending to this dark chapter of the Bitcoin movement.

Cryptographic markets have finally had an extremely volatile week, the first for quite a long time, although the huge gains only began towards the end of the week. Late Thursday and Friday all day, Bitcoin moved away from the field, crushing the shorts and killing bears en route.

Our daily columns on cryptography markets were becoming more and more repetitive, wondering when legendary volatility would return. Joseph Young questions the cause of the boom and Madore speculates that cheap mortgages could lead to an even bigger race in the coming months.

Telegram's Ethereum 90% complete alternative

The Telegram open network would have some "minor modifications" after the completion of the works. Their testnet launch was moved from March to March. Telegram, with its millions of existing users, could potentially become the largest blockchain platform in the world since the jump, catapulting it to the top of the cryptocurrency market capitalizations. If Telegram really has a chance to supplant Ethereum as a computer world where experts can argue.

Vitalik Buterin Trashes Alternatives

A video finally surfaced this week on the surface of Ethereum creator, Vitalik Buterin, crushing "centralized piles of waste" that promised transactions to the second. Buterin has questioned the propriety of alternative models to Ethereum and has made fun of the relatively weak decentralization in some.

The CEO of Twitter plays the game #LNTorch

Lightning Network supporters celebrated a major victory by inviting Twitter CEO Jack Dorsey to play the "torchlight game" on Twitter, seize a Lightning transaction and pbad it on.

The purpose of the experiment is to demonstrate the ability of Lightning Network to perform microtransactions. Microtransactions are one of the main arguments in favor of alternative implementations of Bitcoin such as Bitcoin Cash and Bitcoin SV. Dorsey has already boasted Bitcoin in the show Joe Rogan.

William Shatner also commented on the charade.

Bitcoin both "honestly useless" and not "a platform" top blockchain "

The creator of encryption algorithms and cryptographer Bruce Schneier has unleashed against cryptocurrency. At about the same time, some magazines have taught us that while CCN is the most widely read cryptographic media, Bitcoin is not even on the list of best blockchain platforms. At the same time, a federal regulator badures us all that a Bitcoin ETF is inevitable.

CEO of Binance: the bear markets do not scare us and Amazon will have to create a crypto

Chengpeng Zhao said this week that Binance would survive any bear market.

"Binance is ready to survive for many years, be it a bear or a bull. Basically, we do not look too much at the market – not as much as people really think. We only keep our heads down and build features. "

Zhao also commented on Amazon's situation and cryptocurrency, saying it was inevitable for Amazon to emit her own piece.

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