Is Binance using the Bitcoin Lightning Network? No new channels for 30 days

Binance is the biggest crypto exchange in the world, with the highest trading volume for Bitcoin (BTC), the leading cryptocurrency. The company confirmed the Bitcoin Lightning Network implementation on June 20, but after two months, Binance's activities regarding Bitcoin's second layer are still far away from its competitors.

Timeline of Bitcoin

The Bitcoin market continues to reveal trends and patterns, vital for both long-term holders and short-term speculators. Notably, since Bitcoin reached its all-time high of $69,000, speculators, who play a pivotal role in the market, now hold less of the cryptocurrency.

Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed's reasoning behind its last rate hike, whilst also giving guidance on its future decisions. Ethereum dropped to a one-week low.

Larry Fink – the CEO of BlackRock, which recently applied to the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF) – said he thinks bitcoin is akin to digital gold, and he feels it has the power to truly revolutionize the financial arena.

Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.

A dormant Bitcoin (CRYPTO: BTC) wallet, featuring 1,005 BTC (equivalent to $29.7 million), has sprung back to life after lying dormant for almost 13 years. What Happened: This awakening of a long inactive wallet from the early days of Bitcoin has sparked widespread speculation and intrigue.

Coinbase has received approval to offer Bitcoin and crypto futures to investors in the US. Approval means Coinbase's US customers now have access to federally-regulated crypto futures trading, according to details the cryptocurrency exchange shared early today.

“Rich Dad Poor Dad” author Robert Kiyosaki on Tuesday expressed his opinion on Bitcoin (CRYPTO: BTC) and predicted scenarios where apex crypto can breakout. What Happened: Kiyosaki believes that Bitcoin will reach $100,000 in value.

Widely followed analyst Jason Pizzino is bullish on Bitcoin (BTC) as the flagship crypto asset trades in a narrow range for days. In a new video, Pizzino tells his 289,000 YouTube subscribers that Bitcoin could climb by over 40% from the current level between now and September of 2024.

A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg's three-and-a-half-year sentence to a fine of just over $31,000.

Bitcoin infrastructure company Blockstream is buying mining rigs it hopes will appreciate after the next halving. The company expects a sizeable asset price rebound after Bitcoin (BTC) software cuts block rewards to 3.125 BTC.