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Lighting Network helps Bitcoin solve its scalability problem and compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions. Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions.  Lighting Network (LN) was created to help solve Bitcoin’s scalability problem and to compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions.  Up until recently, major crypto exchanges, including Coinbase and Binance, revealed no intent to adopt the layer 2 solution as many community members argued that NL integration offered fewer incentives for exchanges’ income. The team did a great job digging into this, and we've made the decision to integrate Lightning. Bitcoin is the most important asset in crypto and we're excited to do our part to enable faster/cheaper Bitcoin transactions. Will ...

BRICS and ASEAN blocs are ditching the US dollar for global trade by using local currencies to settle cross-border transactions. A total of 21 countries have officially agreed to end their reliance on the US dollar to promote and strengthen their native currencies. Both BRICS and ASEAN are challenging the U.S. dollar’s global reserve status by aiming to put local currencies at the forefront. Going by global development, BRICS and ASEAN pose a lesser threat compared to the growing debt crisis in the US. Also Read: BRICS: India Aggressively Dumping the U.S. Dollar, Insiders Say US Dollar Debt a Major Problem, Not BRICS and ASEAN Source: Freepik.com The U.S. dollar’s dominance is facing a challenge not from the outside but from the inside. According to a recent CBO update, the US dollar deficit could snatch 181% of the American GDP over the next 30 years. A high debt was the cause of the downfall of the Pound sterling as a global currency in the 1900s. Also Read:...

Mantle announced Ondo Finance’s $USDY token as a partner for RWAs. Ondo is leading the RWA space with a 50% share of the tokenized security market. Mantle anticipates using $USDY as collateral in lending protocols and “cash leg” in AMMs. Earlier today, the Mantle Network published a blog announcing Ondo Finance’s USD Yield, $USDY as a showcase partner for Real World Assets (RWA). On Twitter, Mantle celebrated unlocking user access to U.S. Treasury yield directly via their Mantle wallets. It's Official: Ondo Finance’s USD Yield ($USDY) is coming to Mantle We're thrilled to announce @OndoFinance as a Showcase Partner for RWAs. For the first time, users will be able to access U.S. Treasury yield directly from their wallet on Mantle.https://t.co/BP9qF5sXtr pic.twitter.com/0ONf8Wv3HJ — Mantle (@0xMantle) September 12, 2023 According to Mantle, RWAs offer the “greatest potential to bring significant benefits for users.” Hence, serves as a “fanta...

A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche. The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK. The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally owned address “0x695…” which were then bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC. Another 520,000 MATIC tokens worth over $266,000 were also moved to Avalanche seven hours earlier at 7:18 am UTC. #CertiKSkynetAlert We are seeing a further movement of funds from the Stake exploiter. 520k MATIC was swapped and bridged to Avalanche before being bridged to BTC as per other fund movements from the exploiter. See more on Skynet https://t.co/Sdsfh29AoF — CertiK Alert (@CertiKAlert) September 11, 2023 The 520,000 MATIC and 300 BNB — t...

Reportedly, FTX is seeking approval for its liquidation of $3.4 billion in SOL, FTT, BTC, ETH, and other crypto asset holdings. Crypto exchange FTX held Solana as a major part of its reserves. However, they sold SOL in huge quantities when the exchange crashed last year in November 2022. advertisement Of the total $3.04 billion in crypto assets held by FTX, Solana constitutes the lion’s share. As of January 17, FTX’s cryptocurrency holdings were estimated to consist of approximately $685 million in Solana (SOL) tokens, $529 million in FTT tokens, $268 million in Bitcoin (BTC), $90 million in Ethereum (ETH), along with a range of other assets, including Aptos, Dogecoin, Polygon, XRP, and various stablecoins. Will FTX Really Sell Solana Holdings? However, many people seem to have overlooked a significant detail. The SOL tokens held by FTX debtors are not immediately available for sale. In contrast to the impression conveyed by the shared visual data, these SO...

Terra Luna Classic Proposal To Revive LUNC and USTC Fails Proposal 11767 “Test market swap with mint limiter” aims to make the L1TF test using the limiter in the market swap only, which will successfully reopen the LUNC and USTC market swap. Terra Luna Classic community enabling the market swap function will significantly reduce LUNC and USTC supply and help the community meet its vision of USTC repeg to $1 and Terra Luna Classic (LUNC) revival to $1. advertisement However, the USTC Quant Team and L1 Terra Classic Task Force denied the benefits of testing using the limiter in the market swap only at this time. Quant team member RedlineDrifter earlier shared several issues with the market module. It caused Allnodes, a validator with 17.25% of voting power to refuse the proposal. The proposal has received only 45% “Yes” votes, but gets 50%”No” and 5% “Abstain” votes. Among 38 validators who voted, 17 including Interstel...

Uniswap, a leading decentralized finance (DeFi) platform, is currently in talks with several non-fungible token (NFT) lending platforms. A tweet from the head of NFT Product at the company, Scott Lewis, said that the exchange was in talks with several NFT lending protocols to launch NFT financialization. Uniswap plans to launch NFT financialization The tweet by Lewis said that the company was interested in handling the liquidity issues and the “information asymmetry” surrounding NFTs. The announcement by Uniswap regarding these talks and the plans for NFT financialization has elicited mixed responses from crypto Twitter. Some users applauded the decision, saying it was a step towards embracing DeFi as the future of finance. However, others questioned the motives saying that the exchange’s interest in NFT financialization would allow it to take advantage of liquidation profits. Buy Uniswap Now Your capital is at risk. Over the past few months, the Uniswap ...

Join Our Telegram channel to stay up to date on breaking news coverage Despite the continued slump in the crypto market, the eCash (XEC) coin has been able to extend its upward rally and has attracted some additional bids around the $0.000047 level. eCash (XEC) is rising due to its distinct selling factors, attracting investors in the upcoming months. Furthermore, the team’s efforts to achieve its goal and improved technology and privacy aided the coin’s growth. eCash (XEC) is a rebranded version of Bitcoin Cash ABC (BCHA), a fork of  Bitcoin (BTC)  and  Bitcoin Cash (BCH) . eCash (XEC) is a “cryptocurrency designed to be used similarly to electronic cash.” The sole purpose of eCash is to serve as a medium of exchange for payments for goods and services. The network’s distinct features are the only factor supporting eCash’s continuous bullish run. Because of the team’s dedication to the mission and dependable technology an...

Author：0xMingyue Editor：Colin Wu 1. Singapore’s Weekly Summary 1.1 Singapore’s New President: Cryptocurrency is Purely Speculative and Somewhat Wild link On September 4th, the newly appointed President of Singapore and former Minister of Finance and Chairman of the Central Bank, Tharman Shanmugaratnam, characterized crypto currencies as purely speculative and somewhat eccentric. His extensive financial experience may influence his stance on related policies. Singapore has transitioned from being an early adopter of crypto currencies to becoming a jurisdiction that seeks to strike the right regulatory balance, especially in the wake of the collapses of Terraform Labs and 3AC. From 2011 to 2023, Shang Daman also served as the Chairman of the Monetary Authority of Singapore (MAS). However, in the early days, his position on crypto currencies was more laissez-faire. In 2023, during the World Economic Forum, he described crypto currencies as essentially speculative and somewhat unconvention...

Join Our Telegram channel to stay up to date on breaking news coverage Ripple’s price action has been generally oscillating within two key Fibonacci levels. Fib level 50 acted as the resistance while Fib level 61.80 acted as the support. Currently, the price is bouncing upwards after sitting comfortably at the price level of $0.4481. XRP’s Analysis Statistics Data: Ripple’s value now: $0.4760 XRP’s market cap : $24 billion Ripple’s moving supply : 49.86 billion Total supply of XRP: 99.99 billion XRP’s Coinmarketcap ranking: #6 A closer examination will be given to price action in this market. This will be done with the anticipation of gaining better insight into price movement. Furthermore, the XRP/BTC pair will also be analyzed for a better understanding. Important Value Marks: Resistance Levels: $0.4760, $0.5000, $0.5500 Support Levels: $0.4700, $0.4650, $0.4600 Ripple Price Prediction Today October 5, 2022: XRP/USD Upside Retra...

Source: g20.org   One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector. In a press release from the Financial Stability Board (FSB), which advises the G20 on economic policy matters, the body claimed it was “working to ensure&rdquo ; that cryptoassets were “subject to robust regulation and supervision.” The FSB added that it intends to report to the G20’s finance ministers and central bank governors in October on “regulatory and supervisory approaches to stablecoins and other cryptoassets.” The body indicated that policing stablecoins will become a high-priority matter for G20 member states, writing: “Stablecoins should be captured by robust regulations and supervision of relevant authorities if they are to be adopted as a wi...