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Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network

Bitcoin.com
Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network
Bitcoin
Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning NetworkElizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of this upgrade, stressing that it would allow users to complete stablecoin payments leveraging affordable LN transaction fees. Lightning Labs CEO […]
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels

Bitcoin.com
Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels
Bitcoin
Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset ChannelsOlaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network. Asset Transfer Achieved on Lightning Network Using Taproot Channels The transaction, conducted by Osuntokun, involved a multi-hop payment using a digital asset […]
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Coin Telegraph
Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more
Assets

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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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Coinbase Announces Support for Bitcoin’s Lightning Network

Bitcoin.com
Coinbase Announces Support for Bitcoin’s Lightning Network
Bitcoin
Coinbase Announces Support for Bitcoin’s Lightning NetworkCoinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […]
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Coinbase Integrates Support for Bitcoin Payments Platform Lightning Network

The Daily Hodl
Coinbase Integrates Support for Bitcoin Payments Platform Lightning Network
Bitcoin
Coinbase Integrates Support for Bitcoin Payments Platform Lightning Network

The leading US-based crypto exchange by trading volume is adding support for Bitcoin (BTC) payments platform Lightning Network. In a new announcement, Coinbase says it is giving users a choice in how to send BTC payments by integrating the Lightning Network. “Starting today, Coinbase is rolling out support for the Lightning Network enabling instant, low-cost Bitcoin transfers. Users will have the […]

The post Coinbase Integrates Support for Bitcoin Payments Platform Lightning Network appeared first on The Daily Hodl.

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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Coinbase integrates Lightning Network for Bitcoin transactions

Coin Telegraph
Coinbase integrates Lightning Network for Bitcoin transactions
Coin Telegraph

The integration brings instantaneous transfers on the layer-2 Lightning Network to the world’s biggest Bitcoin exchange.

Coinbase has begun supporting the Bitcoin Lightning Network, providing users the choice between Lightning and the Bitcoin network when transferring Bitcoin (BTC).

By using the layer-2 Lightning Network, Coinbase customers can transfer Bitcoin more quickly and cheaply than transactions on the Bitcoin blockchain. To use the Lightning Network, the intended recipient sends an invoice consisting of a lengthy string of characters that Coinbase will recognize as the amount of the transfer.

Transfers on Lightning are “instant,” in contrast to transfers on the Bitcoin network that may take from 10 minutes to 2 hours because of the limited number of transactions per second the Bitcoin network processes. However, “sends via Lightning to some self-custody wallets may take multiple hours or fail due to unique implementations or fee structures,” Coinbase warned on April 30.

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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Former Openbazaar Dev Chris Pacia Blasts Lightning Network: Experts Knew It Would Work ‘Like Dog Sh*t’

Bitcoin.com
Former Openbazaar Dev Chris Pacia Blasts Lightning Network: Experts Knew It Would Work ‘Like Dog Sh*t’
Bitcoin (BTC)
Former Openbazaar Dev Chris Pacia Blasts Lightning Network: Experts Knew It Would Work ‘Like Dog Sh*t’Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar […]
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns

Bitcoin.com
Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns
Acinq
Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory ConcernsOn Friday, April 26, Acinq announced that its Lightning Network bitcoin wallet, Phoenix, will cease services for U.S. residents from May 3, 2024. This announcement followed closely on the heels of the Samourai Wallet indictment and what is perceived as a targeted U.S. government effort against financial privacy and non-custodial solutions. Lightning Network Platform Phoenix […]
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 Solutions

Bitcoin.com
From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 Solutions
Bitcoin L2s
From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 SolutionsIn recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an […]
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

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