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Depositing bitcoin via Lightning is faster and cheaper than on the main blockchain; the base fee on lightning is $0.04, whereas regular bitcoin deposits spiked to as high as $30 in May, according to ycharts. Transactions also settle in under a minute, with regular bitcoin transactions taking roughly 10 minutes
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On June 6, Binance, the world’s largest cryptocurrency exchange, said it would retire deposit addresses and memos of several coins, including bitcoin (BTC), ripple (XRP), dogecoin (DOGE), avalanche (AVAX), internet computer (ICP), solana (SOL), and monero
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Binance cryptocurrency exchange has announced it is ceasing its support of deposit and withdrawal services for a range of Multichain-bridged tokens, effective from July 7, 2023. Binance has officially stated in its blog that the tokens impacted by the decision are Polkastarter (POLS) via BNB Smart Chain, Alchemy Pay (ACH) via
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“What powers the global economy today is regulated money in the banks,” Dhamodharan said in an interview with CryptoX. “So we’re starting with making tokenized bank deposits, so the unit of money in a bank account is a digital asset on the blockchain, bringing the same level of programmability to
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Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue. British fintech online money transfer firm Wise’s (LON: WISE) stock jumped almost 18% on Tuesday in reaction to a rise in company profits. In a recent statement, the London-based fintech noted
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The TUSD stablecoins issuer confirmed to the users that it had no exposure to Prime Trust and that all funds are safe. After the acquisition failure of Prime Trust, a fintech and digital assets infrastructure provider, by BitGo earlier this month, the troubles facing the Nevada-based firm resulted in the closure
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A host of crypto exchanges have set up their own Lightning nodes in recent months to offer faster bitcoin transactions to users. Source
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The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update. Original Source
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Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BinanceUS has announced the suspension of USD deposits and fiat withdrawal channel pauses amid the ongoing legal battle with the US SEC. The move aims to protect customers and maintain operational efficiency as the exchange transitions to
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