Lightning Network

What Coinbase’s Support for Bitcoin’s Lightning Network Means for Users

Bitcoin’s Lightning Network (LN) is a layer-2 scaling solution built atop the Bitcoin blockchain. It aims to address Bitcoin’s limitations in transaction speed and costs, particularly for frequent, small-value payments. The LN achieves this by facilitating off-chain transactions through a network of peer-to-peer payment channels. Participants in the LN establish payment channels by locking a […]

Binance Embraces Lightning: A Leap Towards Faster Bitcoin Transactions

In a significant stride towards enhancing Bitcoin transaction efficiency, Binance, one of the world’s leading cryptocurrency exchanges, has successfully integrated the Bitcoin Lightning Network into its platform. This integration, announced on July 17, 2023, enables Binance users to leverage the Lightning Network’s capabilities for their Bitcoin deposits and withdrawals. The Lightning Network, a second-layer protocol, […]

Lightning Labs Empowers AI Agents like ChatGPT to Transact in Bitcoin

In an exciting development in the world of Artificial Intelligence (AI) and cryptocurrency, Lightning Labs, a leading infrastructure firm, has introduced a suite of tools that allow AI applications to hold, send, and receive Bitcoin (BTC). This marks a significant step forward in the integration of AI and blockchain technology, opening up new possibilities for […]

U.S. Presidential Hopeful Robert F. Kennedy Jr. Brings Bitcoin to the Campaign Trail

Robert F. Kennedy Jr. (aka “RFK Jr.”), a 2024 U.S. Presidential Candidate, has declared his campaign’s acceptance of Bitcoin donations through the Lightning Network, marking a groundbreaking moment in the history of presidential campaigns. Robert F. Kennedy Jr., known for his advocacy of Bitcoin and its decentralized potential, has announced a significant move in his 2024 […]

Bitcoin’s Next Frontier: Revolutionizing the Future of Global Transactions

Bitcoin Educator Eric Podwojski explains how a certain innovative technology could help BTC become “the true electronic cash for the world.” In a thought-provoking Twitter thread from May 15, 2023, Eric Podwojski casts light on Bitcoin’s inherent limitation as a daily currency. He presents Lightning Network as a beacon that could revolutionize Bitcoin, enabling its […]

Unleashing the Power of Bitcoin: The Lightning Network’s 5 Best Use Cases

This article explores five compelling use cases for Bitcoin’s Lightning Network, a layer 2 (L2) payment protocol designed to address Bitcoin’s scalability issues and enable instant, low-cost transactions. The Lightning Network is a payment protocol that operates on top of a blockchain, such as Bitcoin or Litecoin, to enable fast and low-cost transactions. As explained […]

Revolutionizing Bitcoin Adoption: Lightspark’s User-Friendly Approach to Lightning Network

“Crypto winter” may have set in, but Lightspark aims to bring a new era of innovation to the world of Bitcoin. In the latest episode of The Verge’s “Decoder with Nilay Patel” podcast, Alex Heath interviewed David Marcus, the Co-Founder and CEO of Bitcoin startup Lightspark. The conversation touched upon the current state of the […]

Coinbase to Support Bitcoin’s Layer-2 Solution Lightning Network

Coinbase CEO Brian Armstrong has seemingly confirmed the leading US cryptocurrency trading platform is set to add support for Bitcoin’s layer-2 scaling solution Lightning Network, which allows for near-instant transactions with negligible transaction fees. According to a recent tweet from Armstrong replying to a user saying he was “actively ignoring the Bitcoin Lightning Network,” the […]

Harnessing the Power of Bitcoin: Lightning Network Breaks Barriers for U.S.-Vietnam Money Transfers

On Thursday (March 23), Jack Mallers, the founder and CEO of Zap Solutions, a Bitcoin payments start-up that uses the Lightning Network, announced that the company’s platform, Strike, now enables fast direct transfers of U.S. dollars to bank accounts in Vietnam. This move is in partnership with Getbit, a financial technology company specializing in remittances. According […]

Xapo Bank Becomes First Fully-Licensed Private Bank To Offer Lightning-Fast Bitcoin Payments

Xapo Bank, a licensed private bank and leading Bitcoin custodian, has announced a partnership with Lightspark to integrate with the Lightning Network. According to Xapo Bank’s press release, this integration aims to offer nearly instant Bitcoin payments for its members, enabling them to make small purchases of up to $100 USD at those vendors that […]

$BTC: South African Retail Giant ‘Pick n Pay’ Embraces Bitcoin Nationwide

Pick n Pay (PnP), which is one of South Africa’s largest supermarket chains, is now reportedly allowing its customers to pay at the till via any Bitcoin Lightning-enabled wallet, such as Zap or BlueWallet. Back on 1 November 2022, PnP issued a press release that said the company was allowing its customers in 39 stores to […]

Bitcoin’s Lightning Network Powers Strike’s Expansion to the Philippines

Jack Mallers, the founder and CEO of Zap Solutions, a Bitcoin payments start-up that uses the Lightning Network, says that the company’s platform, Strike, now enables fast direct transfers of U.S. dollars to banks and mobile money accounts in the Philippines. On 6 December 2022, Strike announced its “Send Globally” feature, which enables instant, low-cost […]

Bitcoin Transactions Without Smartphones: How Machankura’s Wallet Makes This Possible

Users in Nigeria, Tanzania, South Africa, Kenya, and five other African nations may now send and receive bitcoin (BTC) without a smartphone or an internet connection.  Sending and receiving Bitcoin (BTC) has never been easier than using Machankura’s digital wallet with a cheap feature phone, since all you need is a brief code delivered by […]

Bitcoin Enthusiast Implants NFC Chip In His Hand to Make BTC Lightning Payments

An IT professional based in Switzerland has taken the concept of using Bitcoin’s Lightning Network to a whole new level by surgically implanting an NFC chip into his hand. According to a report by Cointelegraph, the individual, who goes by the pseudonym F418, decided to experiment with body modification and the Lightning Network for fun, […]

$BTC: Africa Gets New Payment Option with Strike’s “Send Globally” Feature

Africa has a new way to make cross-border payments thanks to Strike, a digital payments platform built on Bitcoin’s Lightning Network, which now has a new “Send Globally” feature that allows users in the US to send money instantly and at low cost to Nigeria, Kenya, and Ghana. “The current financial system isn’t meeting the […]

One of South Africa’s Largest Supermarket Chains Now Supports Bitcoin Payments

Pick n Pay, which is one of South Africa’s largest supermarket chains, has reportedly started letting their customers pay for groceries via any Bitcoin Lightning-enabled wallet, such as Zap or BlueWallet. According to the company’s press release, this move “follows the successful completion of the first phase of a new pilot that allows customers to […]

Michael Saylor Explains Why Bitcoin’s Lightning Network Is ‘Very Interesting’

On Tuesday (1 November 2022), Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (nasdaq: MSTR), talked about Bitcoin’s Lightning Network during his firm’s Q3 2022 earnings call. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price […]

$BTC: MicroStrategy Chairman Is Teaching Friends How to Use Bitcoin’s Lightning Network

On Monday (October 10), Michael Saylor, Co-Founder and Executive Chairman of business intelligence software company MicroStrategy Inc. (NASDAQ: MSTR), talked about Bitcoin’s Lightning Network. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a […]

$BTC: ZEBDEE Partners With Slice To Allow You To Earn Bitcoin While Browsing the Web

Recently, FinTech startup ZEBDEE announced that “with the integration of ZEBEDEE into Slice, a browser extension that pays you for seeing ads, your time on the Internet is now worth actual value.” London-based AdTech startup Slice offers a browser extension (available for Google Chrome, Mozilla Firefox and Brave) that “enables users to easily monetize the time […]

$BTC: Saylor Says MicroStrategy Is Working on ‘Enterprise Applications of Lightning’

On Saturday (September 3), Michael Saylor, Co-Founder and Executive Chairman of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), talked about what his firm is doing to help with enterprise adoption of Bitcoin’s Lightning Network. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase […]

Facebook’s Former Head of Crypto Is Now Co-Founder and CEO of a Bitcoin Startup

David Marcus, Facebook’s former Head of Messenger and Head of Crypto (more specifically, the Head of the Novi digital wallet), is now focused exclusively on Bitcoin. Between May 2018 and December 2021, Marcus was working at Meta Platforms, Inc. (previously known as Facebook, Inc.) on the Novi digital wallet project. According to a report by […]

Bitcoin ($BTC): Lightning Network’s Average Daily Capacity Hits All-Time High in June

Bitcoin’s Lightning Network, a layer-2 scaling solution designed to make $BTC transactions as fast and as cheap as possible, reached has seen its average daily capacity hit a new all-time high last month. According to CryptoCompare’s latest Asset Report, while the price of Bitcoin fell 37.4% in June to close the month at $19,908, its […]

Former Twitter CEO Rebukes FTX CEO for Saying Bitcoin Is Unsuitable for Payments

Earlier today, Jack Dorsey, who is the co-founder and former CEO of Twitter, as well as the co-founder, chairman, and CEO of Block (formerly known as Square), criticized fellow billionaire Sam Bankman-Fried, who is the co-founder and CEO of crypto exchange FTX. In an interview published in Financial Times (FT) on Monday (May 16), the 30-year-old FTX CEO, […]

Coinbase CEO: Cryptoeconomy Is Going To Represent Probably ‘15% or So of Global GDP’

Earlier this week, Brain Armstrong, Co-Founder and CEO of Coinbase, commented on the crypto market, NFTs, and layer 2 scaling solutions. Below, we highlight some of the most interesting comments made by Armstrong during Coinbase’s First Quarter 2022 Earnings Call. Crypto Market “So before we dive into our results this quarter, I think it’s worth […]

Lightning Labs Explains How Their Taro Protocol Will ‘Bitcoinize the Dollar’

Earlier this week, Ryan Gentry, Business Development Lead at Lightning Labs, announced “Taro, a new Taproot-powered protocol for issuing assets on the bitcoin blockchain that can be transferred over the Lightning Network for instant, high volume, low fee transactions.” Lightning Labs, which was founded in 2016 by Elizabeth Stark (CEO) and Olaoluwa Osuntokun (CTO), is […]

Arcane Research Releases Detailed Report on the State of Bitcoin’s Lightning Network

On Wednesday (October 6), Arcane Research, the research division of European crypto-focused investment firm Arcane Crypto, provided an interesting comprehensive overview of the Bitcoin Lightning Network in its latest report (which was sponsored by Bitcoin payment processor OpenNode). According to Arcane Crypto’s press release, Bendik Norheim Schei, the Head of Arcane Research, offered this comment: This has […]

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