Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services.

PRESS RELEASE. </strong><strong>Road Town, British Virgin Islands — May 2, 2024</strong>.</p> <p><a href=\\\"https://eywa.fi\\\">EYWA</a>, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability.</p> <p>The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed round alongside Big Brain Holdings, Marshland Capital, Mulana Capital and others.</p> <p>EYWA and Curve are working together to develop a trustless bridge that relies on a consensus of the most reliable messaging protocols available — eliminating dependence on a single bridge for moving large liquidity positions.</p> <p>Michael Egorov says: &#8220;EYWA builds a very interesting solution — it’s not just your typical bridge. They solve the problem of liquidity fragmentation between chains by creatively composing Curve meta pools and the actual bridge. Having one liquidity pool working across multiple chains sounds like magic, and it is exciting to have Curve AMMs in the core of this magic.&#8221;</p> <p>At the heart of this quest to make cross-chain magic a reality is <a href=\\\"https://crosscurve.fi\\\">CrossCurve</a> — an innovative DEX conceived through EYWA and Curve&#8217;s partnership.</p> <p>It facilitates low-slippage cross-chain swaps of various asset types, supported by Curve’s deep liquidity in the billions of dollars. CrossCurve supports the seamless transfer of multiple token types — from stablecoins to liquidity provider and liquid staking tokens.</p> <p>The overall goal is to reshape the DeFi landscape, make cross-chain transfers more intuitive and less painful, and create a one-stop-shop for traders.</p> <p>Major blockchains including Ethereum, BSC, Polygon, Avalanche, Arbitrum and Optimism are now under one roof — with support planned for more.</p> <p><strong>Gaining momentum

David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as &#x201C;maximally neutral,&#x201D; highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar.

A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. &#x201C;As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger capital base,&#x201D; the report notes.

On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024.

The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment by governments in the region &#8220;creates a favourable environment for the growth of Web3 solutions overall,&#8221; he said.

Unknown attackers recently siphoned digital assets valued at just under $1.6 mil

Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing fea

Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ&#8217;s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss.

Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company&#x2019;s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall also stated that during the first quarter, ARLP mined 61 bitcoins at an average cost of $24,000 per bitcoin.

Department of Justice (DOJ) federal prosecutors from the Southern District of Ne

The total value locked (TVL) in decentralized applications (defi) experienced a

Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas.

Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, &#x201C;but already a current reality.&#x201D;

Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. &#8220;I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,&#8221; Zhao emphasized.