Auto Added by WPeMatico

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

Olaoluwa 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…

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

Coinbase Announces Support for Bitcoin’s Lightning Network

Coinbase, 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…

Continue ReadingCoinbase Announces Support for Bitcoin’s Lightning Network

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.…

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

Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns

On 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…

Continue ReadingAcinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns

Coinbase Moves Forward On Lightning Network Integration With Lightspark Partnership

Coinbase, the largest crypto exchange in the United States, has selected the company that will spearhead the implementation of Bitcoin’s lightning network at the exchange. That partner is Lightspark –…

Continue ReadingCoinbase Moves Forward On Lightning Network Integration With Lightspark Partnership

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

In 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…

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

Former NFL Star Russell Okung’s Crypto Adoption Comments Ignite Bitcoin vs. Stablecoins Debate

Comments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that…

Continue ReadingFormer NFL Star Russell Okung’s Crypto Adoption Comments Ignite Bitcoin vs. Stablecoins Debate

Bitfinex Teams Up with Synonym to Introduce Bitcoin Lightning Network Feature

Prominent crypto exchange Bitfinex has announced a collaboration with Synonym to introduce a new feature that enables customers to purchase Lightning Network connections for instant deposits, withdrawals, and payments. The…

Continue ReadingBitfinex Teams Up with Synonym to Introduce Bitcoin Lightning Network Feature