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To Test The Lightning Network, CNBC Sent BTC To A Ukranian In Poland. The Result? –

Mainstream media, CNBC to be exact, experienced the power of Lightning. The article’s snatchy title says it all, “We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes.” The recipient was Alena Vorobiova and her face at the end of the video also says it all. Bitcoin developer Gleb Naumenko assisted in the operation, and MacKenzie Sigalos represented CNBC. She hosted one of Bitcoin 2022’s most interesting panels...

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U.S. State Regulators Aim to Shutter NFT Casino

Key Takeaways

State securities regulators in Alabama and Texas have filed cease-and-desist orders against Sand Vegas Casino Club. Those regulators say that the online casino sold NFTs to fund its operations, constituting an illegal securities offering. While the regulators aim to shut down the business, Sand Vegas Casino Club appears to be operational as of Apr. 14.

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Security regulators in two U.S. states have issued cease-and-desist orders against an online casino offering non-fungible tokens.

Sand Vegas Casino Faces C&D

Alabama’s State Securities Commission...

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Is Amazon Planning To Integrate NFTs? CEO Bullish On NFTs

Cloud computing and e-commerce giant Amazon have not ruled out the possibility of entering the cryptocurrency industry. Andy Jassy, CEO of Amazon, said that the company considers the digital assets industry to be an “emerging area.” 

Amazon CEO: Over time you’ll see crypto become bigger

Speaking in an interview with CNBC, Jassy stated that there was a lot of discussion going on about the very interesting crypto market. In particular, he expects the NFT market to do very well in future,...

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Bitcoin Whales Are Increasingly Preferring OTC Deals Over Exchanges –

Data shows the Bitcoin fund flow ratio has been going down in the last couple of years, suggesting that whales have started to prefer selling through OTC deals over centralized exchanges.

Bitcoin Fund Flow Ratio Reaches Lowest Level Since 2015

As explained by an analyst in a CryptoQuant post, BTC whales seem to have increasingly been trading outside exchanges in recent times. The “fund flow ratio” is an indicator that’s defined as the the total Bitcoin amount entering or exiting centralized exchanges...

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Ripple CEO Discusses Ongoing SEC Lawsuit

Key Takeaways

Today, Brad Garlinghouse said the SEC would have trouble showing Ripple's sale of XRP constituted violations in securities laws. The Ripple CEO expressed dissatisfaction with what clarity the SEC has provided on crypto regulation. In contrast, Garlinghouse praised the Biden Administration's executive order on cryptocurrency regulation, which he called significant and positive progress.

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Brad Garlinghouse, the chief executive officer of Ripple, discussed his company’s ongoing case with the Securities and Exchange Commission in an interview today. He said...

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Trades In Known Territories; Next $0.000022 On The Way?

SHIB price edges lower on Thursday wiping out some of the previous session gains. The price continues to trade in a short-term trading range. A breakout of the range will dictate the next directional bias for the asset. SHIB price trades in long-term consolidation zone with negative bias. A rejection near $0.000030 put the price on test to revisit the lower trading zone at $0.000022. Technical set up indicates the probability of breaking the trading channel on the lower side.

SHIB price retraces...

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Amazon CEO Hints at Possible NFT Sales in the Future

Key Takeaways

Amazon CEO Andy Jassy said in an interview today that he could see the company selling NFTs "down the road." He also said that Amazon probably isn't close to integrating cryptocurrency payments for its retail business. Despite expecting the NFT space to grow, Jassy revealed that he didn't own any non-fungibles himself.

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In an interview today, Andy Jassy, the CEO of Amazon, the world’s largest online retailer, said he expects NFTs to continue growing and sees the company starting...

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Terra’s UST Reserves Hit One-Mth Low, Here’s Why

A recent decline in the crypto market was reflected in Terra’s stablecoin reserves, which sank to a one-month low this week. The reserves, which are maintained by the Luna Foundation Guard (LFG), have a high concentration of Bitcoin. The overall value of the reserve now stands at $2.4 billion, according to data from the data from the LFG. It had on Tuesday sunk to a one-month low of $2.1 billion, likely tracking a sharp decline in BTC. While the reserve has...

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