Lightning Network on Binance records one of the fastest rates of adoption less than two month after its integration on the exchange, according to data from the analytics platform Amboss. Binance’s Lightning node has rapidly grown and is currently ranked 14th in terms of capacity, holding 77.7 BTC out of the network’s total of 4,873.39 BTC. Inaccurate reporting earlier on Binance’s implementation of Lightning regarding low channel creation was addressed by Amboss, which explained that Binance’s node connection details aren’t publicly available for direct channels, unlike some competitors. Other exchanges like Kraken, Bitfinex, OKX, and BitStamp have also embraced the Lightning Network to manage the growing BTC demand.
Bitcoin-backed financial services firm, Ledn, has been authorized by the Cayman Islands Monetary Authority to offer BTC-backed loans to buy real estate on the islands. Through a partnership with local real estate agency, Parallel, buyers can now finance property purchases without converting to filthy fiat. Investments over $2.4 million in Cayman Islands real estate grant buyers permanent residency. While other countries like Vanuatu, Portugal, Malta, and El Salvador have explored similar residency options, this initiative offers a unique path for bitcoiners to gain real estate-based ‘golden visas’ in the Cayman Islands.
CoinDesk retracts article critical of controversial blockchain analysis company, Chainalysis, that details an expert testimony given by the company’s head of investigations Elizabeth Bisbee, in which she admits to having no scientific evidence of the software’s accuracy. According to the article’s author, L0la L33tz, Coindesk did not inform them of the retraction nor did it disclose the substantial investment its parent company, DCG, has in Chainalysis Inc.
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