Disclaimer: Zion is a portfolio company of UTXO, a fund controlled by BTC Inc., the parent company of Bitcoin Magazine. Zion, the Web5-based social network, has unveiled an update that enables users to make bitcoin payments using the Lightning Network within their private, encrypted direct messages (DMs). With this integration, Zion empowers its users to send and receive bitcoin instantly, while ensuring privacy and freedom from censorship. By leveraging the Lightning Network, transactions are near-instantaneous and bypass the need for traditional payment processors. Zion ensures that conversations within DMs remain…
Read MoreDay: June 6, 2023
Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations
Coinbase, one of the leading cryptocurrency exchanges, has been charged by the Securities and Exchange Commission (SEC) for operating as an unregistered national securities exchange, broker and clearing agency. The SEC also accused Coinbase of failing to register its crypto asset staking-as-a-service program. The complaint alleges that since 2019, Coinbase has facilitated the buying and selling of billions of dollars’ worth of crypto asset securities without proper registration, combining the functions of an exchange, broker, and clearing agency. The SEC claims that Coinbase’s failure to register has deprived investors of…
Read MoreAmboss Unveils LINER Index, Bolstering Enterprise Adoption Of Lightning Network
Amboss, a data analytics provider for the Bitcoin Lightning Network (LN), has introduced LINER (Lightning Network Rate), an innovative index designed to measure bitcoin returns on the Lightning Network and showcase its potential for low-risk enterprise yield. According to a press release shared with Bitcoin Magazine, LINER serves as a benchmark interest rate for bitcoin without credit risk, similar to the traditional finance’s LIBOR (London Interbank Offered Rate). The index aims to provide an alternative to enterprises seeking exposure to bitcoin while avoiding the credit risk associated with CeFi yield…
Read MoreFollow The Trends: Bitcoin Is On The Path To Becoming The Money Of The Future
This is an opinion editorial by Didar Bekbauov, the founder and CEO of Bitcoin miner hosting company Xive. The financial industry as a whole is continually shifting toward the digital space, with the global digital payments market generating almost $100 billion in revenue last year, with projections to reach $303 billion by 2030. The penetration rate of digital payments among general consumers is also growing, as a McKinsey survey from 2022 found that nearly 90% of U.S. residents are using some form of digital payments. And the Bitcoin market in…
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