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Mt Pelerin Crypto Exchange Adds Support For Bitcoin Lightning Network

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The Swiss cryptocurrency exchange will now allow deposits and withdrawals through the Lightning Network.

Mt Pelerin, a Swiss-based cryptocurrency exchange, has announced new support for the Bitcoin’s Lightning Network on their app.

The press release sent to Bitcoin Magazine describes how “users can now get Bitcoin directly on the Lightning network easily, by card or bank transfer, spend, receive and manage their sats with Mt Pelerin’s mobile app Bridge Wallet and cash out funds from Lightning back on their bank account in 14 currencies.”  Read more...

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Nigeria Might Support Bitcoin And Cryptocurrencies, New Report Shows

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The cryptocurrency market and bitcoin popularity in Nigeria have been rising in recent years. Despite the ban on crypto trades by the government in 2021, Nigerians continued to engage in cryptocurrency-related activities. Most citizens became more interested in crypto to gain financial freedom.

A report released by The Punch News after interviewing the House of Representatives Committee on Capital Markets chairman Babangida Ibrahim said that the Nigerian Securities and Exchange Commission will recognize cryptocurrencies as a capital investment if an amendment to the Investment and Securities Act 2007 Bill is passed into law.  Read more...

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New Report Shows FTX Used Customer’s Crypto Funds To Support Almeda Research

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While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations, such reports could engineer a further crash. But, on the other hand, it may also shed light on the ongoing investigation.

The latest claim from Reuters alleged that FTX used customers’ funds to pull out Alameda Research from insolvency. The report also addressed Binance’s withdrawal from the FTX acquisition as a failed attempt to save crypto.

New Report Shows FTX Used Customer's Funds To Support Almeda Research  Read more...

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Coinbase And Industry Leaders File Amicus Brief In Support Of Grayscale Spot Bitcoin ETF

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The brief calls attention to the SEC’s continued denial of spot bitcoin ETF while the regulator simultaneously approves bitcoin futures products.

Coinbase filed an amicus brief supporting Grayscale Investments’ continued efforts to launch a spot-bitcoin exchange-traded fund (ETF), per a court filing.

Amicus briefs, or an amicus curiae, occurs when an organization or individual who is not involved in a court case believes they can offer expertise that could be valuable to a court’s determination by providing information.

The brief, submitted to to the U.S. Court of Appeals for the District of Columbia Circuit explains that the Securities and Exchange Commission (SEC) has “categorically denied every proposal” for spot bitcoin ETFs in the U.S.  Read more...

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Epic Games Doubles Down On Web3 Gaming Support, Adds Solana-Based ‘Star Atlas’ To It’s Slate

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It’s been a busy month for Epic Games when it comes to blockchain engagement. The Epic Games Store launched it’s first supported blockchain-based title, Blankos Block Party, earlier this month – and now it’s adding a second title to it’s slate of offerings.

Let’s take a look at the title and what we can expect when it goes live.

Is Epic Games The Next Big Web3 Player?  Read more...

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Should Bitcoiners Support Nayib Bukele’s Attempt At Re-Election?

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El Salvador President Nayib Bukele is receiving criticism for seeking a second term. But should the Bitcoin community stand by him?

This is an opinion editorial by Jaime García, a Salvadoran-Canadian Bitcoin and co-host of Global Bitcoin Fest.

Many Bitcoiners regard El Salvador as a beacon of hope, as it’s the only country to date that has truly made bitcoin one of its official currencies. The country has provided a hospitable atmosphere for international Bitcoiners to meet, vacation and invest their stacks. Without a doubt, one of the key driving forces behind Bitcoin adoption in El Salvador has been President Nayib Bukele.  Read more...

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Poloniex Announces Support For Ethereum Forks, Users Will Receive New Tokens Via Airdrop

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Ethereum, the second cryptocurrency by market cap, is about to enter a new era. In September, Ethereum will complete its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus blockchain. This event will forever change the crypto industry and the Ethereum ecosystem.

Leading crypto exchange Poloniex, the first trading venue to support Ethereum and Ethereum Classic, will support “The Merge”. The exchange will take an unprecedented step to ensure that all users, communities, and sectors will be able to carry on in the space within a stable and sustainable market.  Read more...

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Militias In Ukraine Raise $2.2M In Bitcoin And Ethereum To Support Russia

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Per a recent report from on-chain analytics firm Chainalysis, pro-Russia groups in Ukraine are raising funds in Bitcoin, Ethereum, Litecoin, and other cryptocurrencies to support their operations. The report claims these groups have raised a total of over $ 2.2 million using social media platforms.

As seen below, most of the donations have been made in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and USDT based on the TRON Network. The report has linked these funds to around a dozen social media accounts.

Source: Chainalysis  Read more...

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KuCoin Lists Binance Coin (BNB), Announces Support for Binance Chain Projects

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Singapore-based crypto exchange KuCoin made a major move this morning, announcing the listing of Binance Coin (BNB), in addition to the projects being developed on the Binance Chain. Binance Coin (BNB) is now on KuCoin. Supported trading pairs include BNB/BTC and BNB/USDT. Deposits will open at 16:00 on June 19, 2019 (UTC+8), trading will start […]
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Bitcoin Cash Development Fund Receives Massive Support

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The Bitcoin Cash community has greatly advanced its efforts to support the sustainability of the cryptocurrency with a fundraiser whose contributions are donated to developers. The campaign has already reached the 95% milestone out of an initial goal of raising 800 BCH for the development fund by Aug. 1, 2019.

Also Read: Crypto Cards in Weekly Video Update From Bitcoin.com  Read more...

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Markets Update: Crypto Prices Sink Lower Finding New Support Levels

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Markets Update: Crypto Prices Sink Lower Finding New Support Levels

On June 9, digital currency markets have been meandering along in a consolidated manner after the slight downturn this afternoon. At the moment, the entire cryptocurrency market is around $ 243 billion, but global trade volume has dropped from $ 80 billion on June 5 to $ 56 billion this weekend.

Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading  Read more...

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BlockFi Adds Gemini Dollar Stablecoin Support

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BlockFi

Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6.2 percent for non-U.S. customers.

Founded in late 2017, BlockFi is a U.S.-based startup company that issues loans backed by various cryptocurrencies to its users. This practice allows users to generate cash flow without having to permanently sell off particular cryptocurrencies. With the service, investors collateralize the loans with their cryptocurrency holdings and earn interest on these loans.

BlockFi’s recent integration of GUSD is an extension of its already working relationship with Gemini’s services.  Read more...

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Bitcoin Price Analysis: Bitcoin Could See Continued Growth if Support Holds

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Price Analysis Video.jpg  Read more...

Summary:

  1. Bitcoin is currently perched between a well-defined band of prices outlined on both the weekly and monthly timeframes.
  2. As we float between the weekly/monthly horizontals, volume is beginning to diminish on both the supply and the demand sides. However, what little supply has surfaced has appeared to be absorbed. If we can maintain support on our weekly $ 8,200 level, we can expect to see the market push to test the upper boundaries of the resistance in the $ 9,200 to $ 9,500 range.
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Wallet and Card App Crypto.com Adds Bitcoin Cash Support

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Wallet and Card App Crypto.com Adds Bitcoin Cash Support

Prepaid, debit and credit cards backed by digital assets are a great way to spend your coins, given that it will take time for retailers to transition to accepting direct cryptocurrency payments. One such card, offered by Crypto.com, has just opened up to bitcoin cash users.

Also Read: How to Easily Convert Funds From BTC to BCH

Crypto.com Adds Bitcoin Cash Support

Hong Kong headquartered payments and cryptocurrency platform Crypto.com announced on Wednesday May 29 that it has added support for bitcoin cash (BCH) to its wallet and card app. This means that users can now buy BCH from the service with credit card and bank transfer both available for funding.  Read more...

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