Blockchain and DEX Startup Radar Releases New Lightning Network Developer Tools.

Radar, the startup behind decentralized exchange Radar Relay that raised $10 million last year, announced that it will release new Lightning Network developer tools. The statement was made in a Medium post published on April 5.

The developer tools, which will be released at the Lightning Network hackathon sponsored by the company, Boltathon, include a node configuration helper, a tool for opening channels and requesting channels, an invoice sandbox for test and an invoice decoder. The tools will be accompanied by setup tutorials, software recommendations and configuration guides for connecting through anonymity network Tor and accessing unreleased features.

The tools and educational material above are part of the company’s Radar ION initiative, which aims to bring new users to the Lightning Network. The Lightning Network is a cryptocurrency scalability solution — most well-known in its application to Bitcoin (BTC) — aiming to provide nearly free and instantaneous transactions.

As Cointelegraph reported in March, blockchain development company Lightning Labs announced the initial release of the Lightning Network offramp Lightning Loop.

Also in March, Bitcoin mining and development company Bitfury entered into a partnershipwith United States payments processor startup HadePay to allow its merchants to accept Lightning Network transactions.

Information source https://cointelegraph.com

Lightning Network News.

The Lightning Network is a payment protocol that works as a second layer on top of a blockchain. A large number of those in the cryptocurrency community suggested Lightning Network as a fix to Bitcoin’s scaling problem.
The Lightning Network opens a payment channel by setting up a multisignature wallet that holds some amount of cryptocurrency, and then a savings wallet address in the blockchain. Having a payment channel, parties can make an unlimited amount of transactions that are not made public in the blockchain. After all planned transactions are completed, the resulting balance is saved in the blockchain and parties can recover their share of the wallet. You can also use other payment channels or multiple channels to reach your partner, with the network finding the shortest way. Lightning is not as secure as the blockchain itself, but it may be widely adopted for small transactions, and it will reduce the strain on the blockchain, making it more scalable.

Brian Kelly Says Next Target for Bitcoin is $6,000, With Crypto Markets Bottoming.

Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2.

During an interview on CNBC’s “Futures Now” show, Kelly stated that “probably a reasonable target [for Bitcoin] is close to $6,000 for this move.” Kelly’s statement comes in the wake of a price surge elast night when the leading coin skyrocketed by over 15 percent and broke the $5,000 price mark for the first time since last November. Kelly suggested that the cryptocurrency market is finding its bottom:

“All indications that we have — whether it be fundamentals, technicals, the quantitative analysis we do — all suggest that we probably have at least started to put in the bottoming process. [...] What’s interesting about this move is it’s happening on improving fundamentals and improving institutional sentiment.”

Kelly further supposed that institutional investors are one of the main drivers of the cryptocurrency price upturn, saying:

“Even high net worth individuals, family offices, are starting to take a serious interest. There’s a couple major brokerage firms that are rolling out some custody solutions. So there’s quite a bid going on under the surface.”

According to CNBC, the price surge reportedly followed a 20,000 BTC buy across multiple exchanges, or 0.11 percent of the total Bitcoin supply of 17,620,525 BTC at press time.

In February, Kelly said in an interview with Cointelegraph that Bitcoin was 50 percent undervalued at the time. Kelly, however, added that he would not be surprised if Bitcoin went to $1,500 for a short term.

Last month, Arthur Hayes, another cryptocurrency bull and CEO of digital currency trading platform BitMEX, predicted that Bitcoin will get back to the $10,000 price point this year. According to Hayes, the market recovery will begin in early fourth quarter of 2019:

“The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. [...] $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000.”

At press time, Bitcoin is trading around $4,790, having gained more than 15 percent over the past 24 hours, according to CoinMarketCap. The coin peaked to $4,849 in the middle of the day, before dropping slightly and trading sideways at press time.

Information source https://cointelegraph.com