Quick weekly news:
- Crypto Investment Doubled in First Half of 2021: Read more here.
- Cardano Becomes Number 3 Crypto After 13% Rise: Read more here.
- Lionel Messi’s PSG Contract Includes Fan Tokens: Read more here.
Other notable events include:
- Every account on Twitter being able to link to a Lightning wallet
- FTX US plans to launch derivatives
Every account on Twitter being able to link to a Lightning wallet
Twitter CEO Jack Dorsey plans to integrate a Lightning-enabled Bitcoin wallet into every Twitter account, which his company Square is currently developing.
“Every account on Twitter being able to link to a Lightning wallet however…” Dorsey tweeted.
The lightning network is a second layer technology applied to #BTC that uses micropayment channels to scale its blockchain’s capability to conduct transactions more efficiently.
Transactions conducted on lightning networks are faster, less costly, and more readily confirmed than those conducted directly on the bitcoin blockchain (i.e., on-chain).
Follow the link to know more about Lightning Network and how it works.
FTX US plans to launch derivatives
#FTX US President Brett Harrison stated that the exchange seeks to launch derivatives trading for US clients. The launch can happen within a year.
The company is currently in talks with the Commodity Futures Trading Commission (CFTC), which regulates the U.S. derivatives market.
"We definitely hope to be able to offer them inside of a year," Harrison told Insider. "Quite frankly, we could have or should have started a long time ago, but we're definitely interested in going through the process and collaborating with the CFTC to be able to offer those products in the US." he added.
Sam Bankman-Fried, who owns both companies, believes the US has "huge growth potential."
Also, be sure to check out top altcoin gainers and losers of the week⬇️
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