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Amboss Launches ‘Ghost Addresses’ for Enhanced Bitcoin Lightning Network Security

Amboss Launches 'Ghost Addresses' for Enhanced Bitcoin Lightning Network Security

Amboss Technologies, a prominent provider of payment solutions on the Bitcoin Lightning Network, has recently unveiled an innovative feature known as “Ghost Addresses.” The development represents a significant leap forward in the realm of cryptocurrency transactions, particularly within the Bitcoin Lightning Network. Ghost Addresses are designed to enhance the user experience by offering a more […]

Binance CEO CZ confirms lightning network’s scalability and transactions advances

Binance

Binance has promised rapid deposits and withdrawals by integrating the Bitcoin Lightning Network. These reports have been confirmed by the CEO Changpeng Zhao (CZ). On May 8, Binance experienced difficulties due to a high volume of pending BTC withdrawals, prompting the exchange to embrace the Lightning Network. CEO of Binance on the exchange’s rapid growth […]

Binance to integrate Bitcoin lightning network

The French branch of Binance, the world's leading cryptocurrency exchange, is facing a preliminary investigation by the finance judicial investigation service under the direction of the specialized interregional jurisdiction of Paris. The investigation, which began in February 2022, focuses on allegations of illegal canvassing of clients and aggravated money laundering. These allegations have raised concerns about the platform's compliance with financial regulations in France. The investigation specifically targets Binance's failure to fulfill its obligations regarding procedures known as "know your customer" (KYC). KYC procedures require financial services to conduct necessary checks to prevent their platforms from being used for money laundering. It is suspected that Binance may have neglected these obligations, potentially enabling illicit financial activities through its platform. French authorities have intensified their efforts to combat money laundering and financial crimes in the cryptocurrency industry. The investigation into Binance's alleged illegal client canvassing reflects the growing concerns surrounding the industry's compliance with regulatory requirements. By scrutinizing Binance's adherence to KYC procedures, authorities aim to ensure the platform's compliance with anti-money laundering measures and protect investors. Subheading 2: Suspicions of Aggravated Money Laundering In addition to allegations of illegal client canvassing, Binance is also facing suspicions of aggravated money laundering. The investigation focuses on acts of money laundering carried out by perpetrators of offenses that generated profits. This aspect of the investigation aligns with some of the allegations made by the U.S. Securities and Exchange Commission (SEC) in their recent proceedings against Binance. The SEC charged Binance on June 5, 2022, with evading securities laws. The allegations suggest that Binance offered its services to American customers illegally. The SEC noted that until August 2021, Binance did not require all customers to complete KYC documents. The lack of stringent KYC procedures raised concerns about the potential misuse of the platform for money laundering and other illicit activities. The suspicions of aggravated money laundering further underscore the importance of robust regulatory measures within the cryptocurrency industry. Regulators worldwide are increasing their focus on ensuring compliance with anti-money laundering regulations to prevent illicit financial activities. The investigation into Binance's alleged aggravated money laundering serves as a reminder of the ongoing efforts to safeguard the integrity of the financial system and protect investors.

Binance, the world’s largest cryptocurrency exchange, has recently experienced issues with Bitcoin (BTC) withdrawals due to a large volume of pending transactions and network congestion. In response to these issues, the exchange has announced that it is working on integrating the Bitcoin Lightning Network to improve transaction efficiency and prevent future occurrences. Binance’s struggles with […]

What to know about Michael Saylor’s Bitcoin and Lightning event

The Bitcoin and Lightning for Corporations event is rapidly approaching, offering a unique opportunity for corporate leaders, financial executives, and technology innovators to explore the future of the leading crypto’s in the corporate world. An impressive lineup of expert speakers The conference, hosted by MicroStrategy, features a lineup of esteemed speakers and experts in the […]

Coinbase plans to integrate Bitcoin lightning network

Coinbase plans to integrate Bitcoin lightning network

Coinbase, the largest cryptocurrency exchange in the United States, has revealed its plans to integrate the Bitcoin Lightning Network (LN) into its platform. Coinbase’s integration This announcement comes after the exchange’s CEO, Brian Armstrong, responded to a tweet by Bitcoin advocate Wicked, who questioned the company’s lack of public comments on the scaling solution. Armstrong […]

Bitcoin lightning solutions coming soon from MicroStrategy

Bitcoin lightning solutions coming soon from MicroStrategy 2

Come 2023, MicroStrategy will be unleashing software applications and bitcoin lightning solutions. On Wednesday, Michael Saylor, executive chairman of MicroStrategy, disclosed his company’s upcoming strategies in a Twitter Spaces room. His words illuminated what the software firm is working on and planning for its future offerings. Saylor highlighted that, as a part of his transition […]

Galoy, a fintech firm, raises $4 million

Galoy

The broadening scope of fintech has attracted various big companies to this domain. The latest in this regard is banking platform Galoy which has planned to launch Bitcoin-backed synthetic dollar on the Lightning Network. It will allow the users to use Lightning Network for everyday payments where there will be no exposure to short-term volatility. […]

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