Use of the transaction network has reportedly grown 1,200% in two years Bitcoin’s layer 2 Lightning Network has grown by an estimated 1,212% in two years, with about 6.6 million routed transactions completed in August, a huge jump compared to the 503,000 transactions in August 2021, according to Bitcoin-only exchange River. In a River report
The crypto mining equipment company is having difficulty paying its bills Bitmain, a manufacturer of Bitcoin application-specific integrated circuits (ASIC), has suspended paying employee salaries for September and later. Multiple Bitmain employees familiar with the matter have cited that the firm has allegedly cut all staff “bonuses and incentives” and hasn’t paid wages due since
The financial consumer watchdog is prepared to take crypto under its purview The head of the US Consumer Financial Protection Bureau (CFPB) says the agency is looking to administer guidance on how cryptocurrency could fall under laws regulating electronic fund transfers. The top agency for consumer financial protection is contemplating using the Electronic Fund Transfer
The company has let go of 12% of its workforce amid economic insecurity The CEO and chairman of hardware cryptocurrency wallet manufacturer Ledger, Pascal Gauthier, recently announced that the company will be downsizing its staff by 12%. Ledger users might want to consider alternatives in case the figure grows. In a blog post from October
Craig Wright’s claim that he’s Satoshi Nakamoto is faltering more than ever Bitcoin and cryptocurrency enthusiasts have been fascinated by the mystery of Satoshi Nakamoto, the anonymous creator of Bitcoin, for over a decade as Bitcoin continues to influence the finance and technology world. Nakamoto vanished after publishing Bitcoin’s white paper in 2008, with his
All but one of the leaders of the scam have received sentences The US District Court for the Southern District of New York has been moving forward with the sentencing of key players involved in the cryptocurrency Ponzi scheme AirBit Club. AirBit Club co-founder Dos Santos is the only remaining AirBit defendant left to be
The failed cryptocurrency lender believes it can make good on its outstanding debt During the October 2 hearing seeking to approve its reorganization proposal, crypto lender Celsius Network told a judge it would start paying back its customers by the end of 2023. The September 29 filing indicates that Celsius plans to make partial payments
The cryptocurrency exchange receives a monetary authority license in the country The Coinbase cryptocurrency exchange has been granted a full payments license to operate by Singapore’s central bank, the US-based company announced on Monday. The Monetary Authority of Singapore (MAS) has granted it a Major Payment Institution (MPI) license, allowing Coinbase to offer digital payment
Users now have access to new Ether and USDT offerings Cryptocurrency lending platform Ledn has announced the launch of an Ether yield offering after users requested a shielded option to stake Ether manually. The Cayman Islands-based company adds the ETH offering to its Growth Accounts products. It currently delivers ring-fenced facilities for users to accumulate
PayPal continues to refine its entrance into the cryptocurrency universe Crypto.com has partnered with PayPal and Paxos to become PayPal USD’s preferred platform. It’s another step for PayPal and its stablecoin project as it continues to advance deeper into the crypto space. Crypto.com currently has the world’s deepest liquidity for PYUSD trading pairs, according to
The cryptocurrency cross-chain protocol is the latest to become a victim of a cyberattack Decentralized cross-chain protocol Mixin Network sent a message to the hacker behind the $200 million breach on September 23, offering a $20-million bug bounty in exchange for returning the remaining funds. The Mixin Network message was encrypted with the exploiter transaction,
Police arrested him while he confronted a former business partner he says stole his Lambo Crypto influencer Ben “BitBoy” Armstrong was reportedly arrested on Monday evening outside the house of a former business partner, Carlos Diaz, while live streaming his attempt to confront him at his home after alleging that Diaz was in possession of
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