Jack Dorsey, Michael Saylor Ask Bitcoin Lightning On Coinbase, Solana Founder Disagrees

Bitcoin Lightning Support on Coinbase

After recent efforts for clear crypto regulations, Brian Armstrong on July 27 said the next step for crypto is making crypto payments instant and free globally. The community needs to speed up getting Layer 2 integration, better on-ramps, and simplify crypto onboarding to aim for making payments under 1 cent and settling under 1 second. He hints are using USTC stablecoins for transactions.

advertisement

“Today, crypto has the *potential* to improve global payments infrastructure, but it hasn’t yet delivered on that promise as we’re largely still stuck on layer 1. Payments are like water, they flow to the path of least resistance.”

Jack Dorsey and Michael Saylor recommend integrating Bitcoin Lightning Network on Coinbase for faster payments and better infrastructure.

Solana co-founder Anatoly Yakovenko argues that USDC on Solana is cheaper than Bitcoin Lightning Network, with an average confirmation time of just 1.3 seconds. The Solana community also supported Yakovenko’s facts about Solana Pay.

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

Image

As the House Republicans and some Democrats approve a crypto bill for stablecoins payments and market structure, payments using USDC are likely to boost. Tether and VanEck’s Gabor Gurbacs says “People in France prefer Tether.”

Also Read: Terra Luna Classic To Burn 800 Million Tokens, LUNC And USTC To $1?

Solana Price Pumps 7%

SOL price jumps 7% in the past 24 hours, with the price currently trading above $25. The 24-hour low and high are $23.47 and $25.52, respectively. Furthermore, trading volume has increased by 100% in the past 24 hours, indicating a rise in interest among traders.

An analysis by CoinGape Market predicts Solana price to surpass the $30 psychological level due to formation of a bullish pennant pattern.

Meanwhile, Bitcoin price currently trades near $29500, up 1% in the past 24 hours after the US Fed hiked rates by 25 bps.

Also Read: Binance’s Dismissal Of US CFTC Lawsuit Is Delayed By Court

Comments

Post a Comment

Popular posts from this blog

Grayscale Investments Files for 3 New Exchange Traded Funds

On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management (AUM), Grayscale Investments unveiled the Grayscale Funds Trust launch. The trust is a Delaware statutory trust structure designed to strengthen the company’s worldwide asset management capabilities. “A registration statement relating to Grayscale Funds Trust has been filed with the SEC but has not yet become effective,” Grayscale stated on Tuesday. Grayscale highlighted that they had previously established Grayscale Advisors, an SEC-registered investment advisor, which will serve as the new trust’s advisor. Besides the trust, Grayscale has also filed a registration statement for three additional funds. Thes
Read more

SlowMist Uncovers Fraudulent ImToken Wallet on Third-party Stores

The SlowMist Security Team has investigated and analyzed fake Web3 wallets from third -party app stores, warning users about the dangers of downloading wallet apps from questionable sources. In a recent tweet, the team shared their findings and urged users to stay vigilant in enhancing their security awareness when using wallets in the blockchain space. Investigation and Analysis of Fake #Web3 Wallets from Third -party A thread about the risks of using third -party app stores and the dangers of fake wallets in the #blockchain space. Full article here https://t.co/lYNDnM7Qzj — SlowMist (@SlowMist_Team) April 26, 2023 According to the team, third -party app stores like apkcombo and uptodown pose significant risks as anyone can publish apps with minimal cost, making phishing attacks more accessible. The team found a fraudulent version of the well-known imToken wallet on apkcombo, which transmits sensitive data, like mnemonics, to the attacker’s server. The report
Read more

Binance Breaks New Ground with Japan Launch, BNB Token to Take Center Stage

Image
BNB Token To Debut In Japan The cryptocurrency behemoth’s “Build and Build ( BNB )” exchange token, a native token of the BNB chain with broad usage on the Binance exchange, will launch in the Japanese market. The creation of this coin demonstrates Binance ’s strategic goal to target seasoned users. advertisement A variety of decentralized finance (DeFi) and Web 3-based blockchain-based game stocks, such as Solana (SOL), Aster (ASTR), Avalanche (AVAX), Jasmy (JASMY), and Axie (AXS), will be included in the cryptocurrency choices on sale. Domestic unlisted concerns that are not already managed by other exchanges are still being considered, despite not being included in the most recent notification. Binance Japan will not allow leveraged trading, which often entails using margins to purchase and sell assets repeatedly. This is a divergence from several of its rivals. Binance would need to meet stringent requirements to obtain a “Type 1 Financial Instruments Bu
Read more