Technology

The in-browser Lolli app offers bitcoin rewards from brands like Sephora, Bloomingdale’s and Macy’s. By Cyber Monday (the first business day after Thanksgiving, when retailers encourage online shopping) the new rival Chrome extension StormShop will offer cash-back rewards in the form of ethereum-based stablecoin DAI. Simon Yu, CEO of StormX, the company behind StormShop, told
On Monday, CoinDesk reported the shopping app Lolli was offering bitcoin rewards to U.S.-based Alibaba shoppers for Singles Day. Alibaba Group representatives have since denied the “partnership” touted by Lolli CEO Alex Adelman. The fissure revealed a common misconception in the blockchain industry. “One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing
Bitcoin’s lightning network might have a use case beyond faster and more scalable payments. Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private messages. Like bitcoin, it’s censorship-resistant. But, unlike encrypted apps that morph messages into unreadable, garbled
Ethereum developers are using the Lightning payments network to build bridges into the bitcoin ecosystem. The venture-backed crypto startup Radar Relay, best known for its decentralized exchange (DEX) relayers for 0x, just launched a service called RedShift, which allows people to pay a lightning invoice from an ethereum wallet. Radar product lead Brandon Curtis told
China’s recent multi-front embrace of blockchain technology has divided the global cryptocurrency community. While some see it as helpful validation, others worry that crypto is diverging further from its anti-authoritarian roots. Authorities in China have long discouraged investment in grassroots cryptocurrencies like bitcoin. But the world’s most populous country is making significant progress with plans
Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO was driven by customer demand. Out of “thousands” of users, more than half of Ledn’s