Binance to integrate Bitcoin lightning network.
Binance To Enable Bitcoin Lightning Network Withdrawals
Binance, the largest cryptocurrency exchange, has suspended Bitcoin withdrawals twice in the past 12 hours. Despite causing alarm in the community, the exchange has reassured users that their funds are secured. Now at press time, the organization announced plans to introduce withdrawals via the BTC Lightning Network.
A couple of hours back, Binance made an announcement that it would be suspending Bitcoin withdrawals again. This time, the reason was a high volume of pending transactions. After approximately three hours, the exchange reopened Bitcoin withdrawals. However, in order to process the backlog of pending transactions, they were replacing them with higher transaction fees.
Following the suspension of Bitcoin withdrawals by Binance, there was a wave of FUD with some people questioning the exchange’s financial stability. Nonetheless, Binance has reassured its users that all funds are ‘SAFU’ and even outlined the measures being taken to avoid such incidents in the future. One of these measures includes adjusting the fees charged by the exchange. In addition, Binance is working towards enabling withdrawals via the BTC Lightning Network, which is expected to be useful in similar scenarios.
https://i.nostrimg.com/082a9d481cc6b50cbde5db8a7d4996e6402209cc1ab539c093d409b17eb3cf05/file.webp
#bitcoin #btc #binance
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
💢Today I want to draw your attention to the CVE-2022-24706 vulnerability.
⚠️April 26, 2022, Apache officially announced a discovered vulnerability in Apache CouchDB related to remote code execution. She was assigned a number - RCE CVE-2022-24706.
🔲Apache CouchDB is an open source document-oriented database management system that does not require a description of the data schema, is very widespread, written in the Erlang language.
🛡The exploit is a critical vulnerability affecting Couch databases, the vulnerability was discovered in Apache CouchDB prior to version 3.2.1.
🌐The vulnerability is related to insufficient data validation in the software, which could allow attackers to gain access to a poorly protected default system without authentication and with administrator rights. Which can lead to remote code execution, data interception, malware installation, and other problems.
🛠Attackers have been actively using this exploit since it became available to the public (May 11, 2022), often used to install the Kinsing malware family for hidden cryptocurrency mining.
#bitcoin #btc #cryptocurrency #exploit
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
❓What to expect from Bitcoin?
📈On Wednesday, the price of Bitcoin recovered as all attention in the market was focused on the decision of the US Federal Reserve. After hitting a local minimum of $27,935 on Tuesday, Bitcoin rose to an intraday high. This happened after the rejection of a breakthrough below the long-term minimum of $27,600 earlier this week.
📊Currently, the price of the first #cryptocurrency is in the range of $28,000 - $30,000, and there are no factors yet to start a price hike.
▫️Bitcoin Dominance: 48.47%;
▫️Fear and Greed Index: 64 (Greed);
▫️Altcoin Season Index: 10;
▫️#Cryptocurrency Market Capitalization: $1.164 trillion.
🏦Meanwhile, the US banking system is plunging deeper into crisis. Liquidity problems have arisen at a number of banks, such as PacWest Bancorp and Western Alliance Bancorp. They have suspended stock trading and are already preparing #bankruptcy statements. A massive outflow of funds from other regional banks has also been recorded.
💸Mass transfers of funds to large banks are an additional indicator of growing distrust in the US banking system. The main beneficiary has become #JPMorgan, which allowed its clients to invest in cryptocurrencies.
🪙Bitcoin, in turn, demonstrates stability amid the crisis. It continues to be attractive to investors, despite not being able to overcome $30,000 yet.
✨Overall, the situation in both the cryptocurrency market and the stock market remains uncertain. To some extent, cryptocurrency still depends on the Federal Reserve. Long-term forecasts for Bitcoin, as well as for any other cryptocurrency, are impossible to make because too many factors can suddenly affect the cryptocurrency price.
💫For now, the short-term forecast for Bitcoin is that the price is likely to stay in the range of $27,500 to $29,500 over the next two days.
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
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