FTX's Bankman-Fried Hints at Bitcoin Lightning Network Integration After Community Backlash

After facing a backlash from the Bitcoin (BTC) community over comments to the Financial Times that Bitcoin is “not a payments network,” Sam Bankman-Fried, the billionaire CEO of crypto exchange FTX, now hints that his exchange may implement Bitcoin Lightning Network payments.

Timeline of Bitcoin

BTC moved away from Monday's lows to surge above $30,000 on Tuesday, as crypto bulls pushed prices higher. ETH continues to trade above $2,000, with prices rising by as much as 4% during today's trading session. Bitcoin Following a stint below $30,000 to start the week, BTC was trading above this level as bulls made

Sam Bankman-Fried, the Billionaire founder and CEO of crypto exchange FTX, believes that Bitcoin has no future as a payment network. Sam Bankman-Fried Thinks Bitcoin Isn't A Payment Network He attacked the proof-of-work algorithm's high energy consumption, arguing it couldn't handle millions of transactions per second.

The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem's stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem's latest catastrophe. To try to keep the value of UST stable, the group sold some of the bitcoins it possessed immediately and exchanged …

Bitcoin mining survived the ban in China as the contribution to the network from September 2021 to January this year has been second only to the one of the United States so let's read more today in our latest Bitcoin news. China is contributing a huge chunk of the world's BTC mining operations despite the

Bitcoin in a longer time frame appears to be pretty unsure of its upcoming move, but in the short-term, the asset is on the verge to make a huge move. In a 4-hr chart, the price is swinging with a bullish symmetrical triangle and approaching the apex of the consolidation. However, after a brief consolidation, …

Mawson, a digital infrastructure provider, has collaborated with one of the largest landowners in Texas and a bitcoin miner to develop a new mining facility in Texas. Plans for a New Bitcoin Mining Project Digital infrastructure provider Mawson Infrastructure Group…

Bitcoin price remained well bid above the USD 29,000 level, formed a base, and jumped above USD 30,000. It is currently (11:46 UTC) showing positive signs near USD 30,400 and might gain pace if it clears USD 31,200. BTC is up around 1% in a day and a week.

Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Foundation (LFG) to repeg UST it was unsuccessful.

Terra continues to falter and dipped below $0.04 while Bitcoin maintained the $30,000 price level so let's have a closer look at our latest altcoin news. UST continues to chart new lows as Terra continues to falter below $0.04 and BTC stands slightly over $30,000.

Last week's crypto crash leads to $1.2 billion in BTC liquidations while Terra's LUNA went to zero so let's read more in today's latest altcoin news. Some bitcoin traders saw their accounts wiped out in the last week's correction and the derivatives traders lost over $1.2 billion in liquidations.