Popular mobile payment service Cash App has integrated the Bitcoin (BTC) Lightning Network as a part of an update, allowing faster and cheaper BTC transfers using the Layer 2 (L2) payment protocol. Cash App is developed and owned by Block (formerly Square), a fintech firm co-founded by former Twitter CEO Jack Dorsey. The announcement of the BTC L2 integration was shared as a … [Read more...] about Cash App integrates Bitcoin Lightning Network for faster BTC transfers
Transfers
Blockchains need to move toward standards for interoperable asset transfers
Cross-chain asset transfer has been around for several years. The concept developed almost as soon as multiple blockchains were developed and began to gain adoption. In its initial application, the transfers focused on swaps between the chain’s native assets and tokens, which led later to several decentralized exchanges. While exchange of assets has its utility, pure transfer … [Read more...] about Blockchains need to move toward standards for interoperable asset transfers
Large transfers of Ethereum cause unease as market watchers anticipate selloff
Ethereum started the week strong, inching back to the $4,800 mark, but several long-lasting divergences are pointing to an upcoming correction.Market watchers anticipate sell-off At the end of last week, Ethereum Foundation transferred 20,000 Ethereum, worth roughly 9,5 billion to Kraken.According to the Etherscan block explorer, the Ethereum Foundation … [Read more...] about Large transfers of Ethereum cause unease as market watchers anticipate selloff
Biconomy’s Hyphen enables low-cost transfers between Ethereum and Polychain
Multichain infrastructure network Biconomy has formally launched its Hyphen mainnet, setting the stage for instant, low-cost token transfers across blockchains like Ethereum (ETH) and Polygon. With the launch of Hyphen, users can make near-instantaneous USDC transfers between Ethereum and Polygon rather than wait 30 minutes or hours, as is currently the case with transfers. … [Read more...] about Biconomy’s Hyphen enables low-cost transfers between Ethereum and Polychain
Ripple transfers another $420 million in XRP for co-founder Jed McCaleb to dump
Blockchain payments company Ripple today sent its co-founder and former chief technology officer Jed McCaleb another payment of over 408 million XRP tokens, worth around $420 million at current prices.? ? ? ? ? ? ? ? ? ? 408,123,659 #XRP (420,345,541 USD) transferred from Jed McCaleb Settlement to Jed McCaleb wallethttps://t.co/vF2gp3rH95— Whale Alert (@whale_alert) June 3, … [Read more...] about Ripple transfers another $420 million in XRP for co-founder Jed McCaleb to dump