Crypto

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

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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 the Lightning Network. Asset Transfer Achieved on Lightning Network Using Taproot Channels The transaction, conducted by Osuntokun, involved a multi-hop payment using a digital asset … Read more

GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs

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The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday, significant outflows from Grayscale’s Bitcoin Trust (GBTC) eclipsed these gains. Grayscale’s Losses Contrast With Gains On Thursday, GBTC experienced outflows that … Read more

Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts 

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The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase for Withdrawals, Plans to Shut Down Web Portal After the … Read more

Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

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As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments. Bitcoin Bitcoin’s (BTC) … Read more

Nigeria Denies Binance CEO’s Claims of $150M Bribe Demand; Criticizes Attempt to Discredit Government

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The Nigerian government has dismissed allegations from Binance CEO Richard Teng that representatives of the cryptocurrency exchange were solicited for a $150 million bribe by members of the House Committee on Financial Crimes (HCFC). A special assistant to the Nigerian Information Minister characterized Teng’s bribery claim as part of a coordinated international campaign by Binance … Read more

Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations Surface

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Eclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of sexual misconduct, asserting his innocence and readiness to defend his reputation on the social media platform X, formerly known as Twitter. Eclipse Labs, aiming to uphold the highest standards of professionalism and gender equality, … Read more

Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction

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A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family. Crypto Investor Fails to Repay More Than $1.9 Million Hong Kong law … Read more

Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030

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Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for price growth but also highlighted the unique and collaborative nature of its ecosystem, implying that efforts … Read more

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