The Lightning Network is on a tear. Bitcoin’s layer-2 scaling solution the Lightning Network achieved impressive growth, according a report published today by Bitcoin financial services company River Financial. Among the impressive figures: routed transactions have skyrocketed from 503,115 in August 2021 to 6,599,553 in August 2023, representing near-vertical growth of 1,212%. Routed transactions are transactions that involve more than…
At the time of publication, half of the legislative branch of the federal government of the United States was largely paralyzed following a vote ousting then Speaker Kevin McCarthy. U.S. lawmakers voted to declare the office of Speaker of the House of Representatives vacant on Oct. 3, marking the first time in the history of the United States the government…
Love him or hate him, when Arthur Hayes speaks, people listen. Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026. Hayes said, “I absolutely agree that there is going to be a major financial crisis, probably as bad or…
Top investor Paul Tudor Jones said today that Bitcoin is a good option during today’s current “threatening geopolitical environment.” The billionaire hedge fund manager said in an interview with CNBC Tuesday that we are living in a “really difficult time” with the Israel-Gaza war, Russia’s invasion of Ukraine and China and U.S. tensions. He also noted that the U.S. was probably…
Day 6 of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things. According to Inner City Press on X (formerly Twitter), Assistant United States Attorney Nicolas Roos asked Wang, “At your first meeting…
The spring/summer 2024 edition of Milan Fashion Week was an amalgam of elevated luxury fashion presentations, opulent parties in palazzos and rooftops, and digital fashion events. It kicked off with the “Web3 x Fashion” event, a brainchild of the European Web3 Organization, BananaCorp, and AKQA. Esteemed luxury fashion houses such as Prada, Dolce & Gabbana, Balenciaga, Moschino, Armani, Loro Piana,…
Former FTX CEO Sam “SBF” Bankman-Fried had ambitions to become the President of the United States, according to his former girlfriend and business associate Caroline Ellison. Appearing in court on Oct. 10 to testify against Bankman-Fried, Ellison reportedly said the former FTX CEO wanted to be the U.S. President in the future. The declaration followed the end of their personal…
Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated, and was followed with a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure of a key co-founder and…
Former Alameda Research CEO and star witness Caroline Ellison today took the stand against alleged crypto crook Sam Bankman-Fried and told the jury that he directed her to commit crimes. Bankman-Fried’s ex-girlfriend, who in December admitted fraud related to the collapse of crypto exchange FTX, also told the courtroom that Bankman-Fried was “who set up the system to allow Alameda to…
Sony will release a new, revised PlayStation 5 console model for the holiday season ahead, the gaming giant announced Tuesday. And unlike the previous digital and disc-based models, this single smaller model will be sold with or without the Blu-ray drive—which can be purchased separately and added later, if desired. According to Sony, the revised PlayStation 5 console is over…
