Day: June 10, 2022

Bitcoin Lightning Network Capacity charges through 4,000 BTC

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There’s cause for celebration from the world’s largest cryptocurrency. The Lightning Network hit the 4,000 Bitcoin (BTC) public capacity milestone, meaning $120 million in value is ready for peer-to-peer payments. The Lightning Network first broke the 1,000 BTC barrier in August 2020 and the 2,000 BTC barrier in July 2021. The capacity has doubled in the space of 18 months. Lightning Network capacity growth since January 2022. Source: Glassnode. CoinCorner CEO Daniel Scott told Cointelegraph that “we had slow and steady growth with Lightning capacity to begin, but since Jan 2021…

Mercadolibre Inks Partnership With Mastercard to Secure Its Crypto Ecosystem in Brazil – Bitcoin News

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Mercadolibre, one of the biggest “e-tailers” in Latam, has partnered with credit giant Mastercard to make use of its tech to secure the cryptocurrency ecosystem of the company. Through this partnership, Mercadolibre will be able to use Mastercard’s Ciphertrace technology, to allow the company to enhance the control and security of the crypto transactions in its trading ecosystem. Mercadolibre to Strengthen Crypto Vigilance Mercadolibre, a leading e-tailer of Latam, has partnered with Mastercard, the credit tech company, to improve its due diligence when assessing risks in its cryptocurrency…

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Solana price just one breakdown away from a 40% slide in June — here’s why

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Solana (SOL) is nearing a decisive breakdown moment as it inches towards the apex of its prevailing “descending triangle” pattern. SOL’s 40% price decline setup Notably, SOL’s price has been consolidating inside a range defined by a falling trendline resistance and horizontal trendline support, which appears like a descending triangle—a trend continuation pattern. Therefore, since SOL has been trending lower, down about 85% from its November 2021 peak of $267, its likelihood of breaking below the triangle range is higher. As a rule of technical analysis, a breakdown move followed by…

Mastercard to allow 2.9B cardholders to make direct NFT purchases

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International payment processing giant Mastercard is expanding its payment network for nonfungible token (NFT) markets and Web3. The financial service provider announced that it has been working on expanding their payment networks to NFTs over the past year. The firm has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to directly make NFT purchases without buying crypto first. Currently, users need to buy crypto to bid on and buy NFTs. However, with the latest Mastercard partnership, billions of cardholders can now bypass the process of…

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Hop Protocol Airdrops Over 20M Governance Tokens

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Most of American Retailers Consider Crypto Payments In Next 2 Years

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According to a recent study, over 75% of US retailers hope to support stablecoin and crypto payment options within the next two years. Deloitte, a UK-head quartered consulting and financial advisory company conducted research on 2,000 chief officers of small-scale American companies and just recently published the results. The study occurred between December 3rd and 16th when the digital asset values were trading high. It also showed that over 50% of institutional retailers valued at $500 million and above are putting in nothing less than $1 million to develop all required…