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MainNewsBinance Anno...

Binance Announces Full Integration of Bitcoin On The Lightning Network


Jul, 17, 2023
2 min read
by ZyCrypto

Cryptocurrency exchange Binance announced today, June 17th, the integration of the Bitcoin Lightning Network, and it is now open to customers to use the Lightning Network to deposit and withdraw Bitcoin (BTC).

The Lightning Network is a second-layer expansion solution built on the Bitcoin blockchain. This network enables users to establish off-chain transaction pipelines, ensuring faster, more affordable, and scalable transactions while mitigating congestion issues on the cryptocurrency blockchain.

Bitcoin Explosion Spurs Binance to Implement Lightning Network

In May, the Binance exchange confirmed that it would bring Lightning Network support after the exchange could not offer Bitcoin withdrawals smoothly even with high gas fees.

Before Binance, only a certain number of cryptocurrency exchanges (such as Bitfinex, River Financial, OKX, Kraken, CoinCorner, etc.) offered Bitcoin withdrawals via the Lightning Network, but now Binance is on this list.

In April of this year, the U.S. public cryptocurrency exchange also confirmed that it will bring customers Bitcoin Lightning Network withdrawal support.

Binance and Regulatory Hurdles

Over the years, Binance has ranked among the top cryptocurrency exchanges for its highly secure and responsive services.

Despite the better service, the exchange faces a formidable legal hurdle in the U.S. due to regulatory action by two of the country’s top financial regulators against its cryptocurrency services.

Currently, the exchange is focused on making some major changes to its services to be able to easily comply with the new rules and regulations set out under the framework of the European Union (EU) Market in Cryptocurrency Assets (MiCA), which will at some stage in the coming years take effect.

Read the article at ZyCrypto

Read More

Bitcoin Price Decline Continues: Lower Targets in Sight

Bitcoin Price Decline Continues: Lower Targets in Sight

Bitcoin price started another decline from the $66,850 resistance zone. BTC is again ...
Jun, 17, 2024
2 min read
by NewsBTC
Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days

Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days

According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an o...
Jun, 14, 2024
by Bitcoin News
MainNewsBinance Anno...

Binance Announces Full Integration of Bitcoin On The Lightning Network


Jul, 17, 2023
2 min read
by ZyCrypto

Cryptocurrency exchange Binance announced today, June 17th, the integration of the Bitcoin Lightning Network, and it is now open to customers to use the Lightning Network to deposit and withdraw Bitcoin (BTC).

The Lightning Network is a second-layer expansion solution built on the Bitcoin blockchain. This network enables users to establish off-chain transaction pipelines, ensuring faster, more affordable, and scalable transactions while mitigating congestion issues on the cryptocurrency blockchain.

Bitcoin Explosion Spurs Binance to Implement Lightning Network

In May, the Binance exchange confirmed that it would bring Lightning Network support after the exchange could not offer Bitcoin withdrawals smoothly even with high gas fees.

Before Binance, only a certain number of cryptocurrency exchanges (such as Bitfinex, River Financial, OKX, Kraken, CoinCorner, etc.) offered Bitcoin withdrawals via the Lightning Network, but now Binance is on this list.

In April of this year, the U.S. public cryptocurrency exchange also confirmed that it will bring customers Bitcoin Lightning Network withdrawal support.

Binance and Regulatory Hurdles

Over the years, Binance has ranked among the top cryptocurrency exchanges for its highly secure and responsive services.

Despite the better service, the exchange faces a formidable legal hurdle in the U.S. due to regulatory action by two of the country’s top financial regulators against its cryptocurrency services.

Currently, the exchange is focused on making some major changes to its services to be able to easily comply with the new rules and regulations set out under the framework of the European Union (EU) Market in Cryptocurrency Assets (MiCA), which will at some stage in the coming years take effect.

Read the article at ZyCrypto

Read More

Bitcoin Price Decline Continues: Lower Targets in Sight

Bitcoin Price Decline Continues: Lower Targets in Sight

Bitcoin price started another decline from the $66,850 resistance zone. BTC is again ...
Jun, 17, 2024
2 min read
by NewsBTC
Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days

Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days

According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an o...
Jun, 14, 2024
by Bitcoin News