Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more
This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
While developers have long focused on the Ethereum network, the Bitcoin ecosystem is making a comeback, with several initiatives now aiming to innovate on the original blockchain.
Recent developments include the growing ties between Bitcoin and decentralized finance (DeFi), driving the demand for layer-2 protocols to unclog the Bitcoin blockchain and reduce transaction fees as on-chain activity soars.
Major players like Coinbase are also reviewing Bitcoin offerings. The crypto exchange finally added the Lightning Network as an alternative for users seeking to transfer Bitcoin (BTC), following Binance’s similar move nearly a year ago.
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Author: Ana Paula Pereira
