The new protocol’s 24-year-old creator says Lightning’s inbound liquidity requirement - requiring users to commit funds to the protocol even when they're just receiving payments – “doesn’t make any sense.”
Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes.
The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.
London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. Currently only 2-3% of global cryptoassets are believed to be insured, Evertas said. "This is the single largest policy that can be approved from one insurance company," Evertas chief executive officer J. Gdanski told Reuters.
May saw fewer exploits than April, suggesting better security practices among crypto users and developers.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.
A significant drop in Solana’s monthly NFT sales coincides with a boom in Bitcoin NFTs. Experts believe Bitcoin could soon challenge Ethereum’s dominance in the market.
Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.
The amended lawsuit now alleges Elon Musk has engaged in market manipulation and securities fraud related to Dogecoin.