Tag: News

Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership – Bitcoin News

boss

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo CEO Sees Lightning Network Integration as a Solution to High Fees and Long Transaction Times Xapo has partnered with Lightspark to integrate the Lightning Network, according to an announcement sent to Bitcoin.com News. The company,…

Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing – Bitcoin News

boss

On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC) and JPMorgan’s downgrade of the company’s shares from “neutral” to “underweight.” Coinbase Cuts Ties With Silvergate Bank, Firm’s Shares Expected to Be Highly Volatile After Recent Developments Coinbase announced on Thursday that it is no longer accepting or initiating any payments…

Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3 – Press release Bitcoin News

boss

press release PRESS RELEASE. Aurora Cloud is the all-in-one cloud infrastructure solution bridging Web2 and Web3. 03/02/2023 Denver – Web3 infrastructure startup Aurora Labs announced the launch of Aurora Cloud, a platform and suite of products that allows today’s Web2 businesses to capture the value of Web3. Aurora Cloud — Platforms like Amazon AWS and Microsoft Azure unleashed the potential of Web2 by democratizing the building blocks of the internet. In a similar way, Aurora Cloud — including Borealis Business, Aurora Pass and Aurora Silos — eliminates the technical and…

Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits – Bitcoin News

boss

During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While the rise in ethereum’s price has contributed to the increase in TVL, Lido’s liquid staking program reportedly received a total deposit of at least 303,000 ether from Tron founder Justin Sun. Onchain Data Shows Tron…

ADA Hits Multi-Week Low, as Red Wave Hits Crypto Markets – Market Updates Bitcoin News

boss

Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor. Cardano (ADA) Cardano (ADA) dropped to a multi-week low on Thursday, as prices collided with a key support point. ADA/USD plunged to an intraday low of $0.3501 in today’s session, following a high of $0.3637 on Wednesday. As a result of…

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations – Bitcoin News

boss

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and members of the Treasury, Biden administration and the Federal Reserve “will begin to meet regularly” to discuss the topic. U.S. Treasury’s Nellie Liang Discusses Key Considerations in Developing a CBDC The undersecretary for domestic finance…

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain – Finance Bitcoin News

boss

A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s Masterchain to Issue Bank Guarantee in Yuan Moscow Credit Bank (MKB) has issued what it described as Russia’s first digital bank guarantee for an amount exceeding 100 million Chinese yuan, using blockchain technology — the Masterchain platform developed by the Central Bank of Russia. In…

BTC Edges Lower, as US Manufacturing Sector Contracts – Market Updates Bitcoin News

boss

Bitcoin fell into the red on March 2, as markets reacted to further negative data from the United States. The nation’s manufacturing sector contracted for a fourth straight month in February, which comes as consumer confidence also fell last month. Ethereum was also lower, retreating from yesterday’s high. Bitcoin Bitcoin (BTC) fell lower in today’s session, as markets reacted to news that the U.S. manufacturing sector remained in contraction territory. In its monthly report, the ISM’s manufacturing index came in at 47.7, and typically any reading below 50.00 indicates contraction.…

Over 20,000 Ukrainians Sign Up for Free Course on Crypto, Official Says – Bitcoin News

boss

Crypto classes organized for Ukrainians have begun on a government-run portal, a minister announced. More than 20,000 people have registered for the educational course in the war-torn country which maintains an objective to become “the best crypto jurisdiction.” Thousands of Ukrainians to Study About Bitcoin, Mining, and Smart Contracts Ukraine’s ‘Дія. Цифрова освіта’ (Diia Digital Education) portal has started the first classes of a course intended to improve the “crypto literacy” of Ukrainian citizens, the country’s Minister of Digital Transformation Mykhailo Fedorov announced. Quoted by the crypto news outlet Forklog,…

CoinEx Charity Empowers Children’s Education Through Charitable Giving – Press release Bitcoin News

boss

press release PRESS RELEASE. Since last year, CoinEx Charity has been funding children in poor areas, bringing them back to school to continue their education. The Mercy Children’s Educational Welfare Program is still ongoing and has helped over 20,000 children with funds from CoinEx Charity. Recently, CoinEx Charity received a report from the Human Development Foundation (HDF), a charitable organization based in Thailand. In its report, HDF thanked CoinEx Charity for its charitable donations and illustrated how the scholarship funds were used. HDF is a non-profit and non-denominational charitable foundation…