According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs, and China-based firm Kanzhun.

Bitcoin Cash (BC) has maintained a positive outlook over the past few days as bulls and bears struggle for control over the broader crypto market. Its growth suggests the bulls currently have the upper hand in the altcoin even while the broader crypto market shows a 0.7% decline.

At the time of writing, BCH has added 9.06% to its past-day value changing hands at $143.22. It has also seen a 37.84% gain in seven days and 27.10% in the last 30 days. This bullish momentum allowed the token to secure the top position among the highest-gaining coins in the past 24 hours. 

Events Surrounding BCH Price Performance

Whether Bitcoin Cash will sustain the upward trajectory remains uncertain since the crypto market is gradually turning bearish. However, the sentiment remains relatively bullish even though the trading volume has declined significantly.

Related Reading: Breaking Through This Ceiling Will Propel XRP By Another 12%

Right now, institutional interest is still high following the launch of the Wall Street-backed crypto exchange EDX Market. Notably, the exchange listed four tokens, Bitcoin, Ether, Litecoin, and Bitcoin Cash, garnering the attention of crypto investors. 

Also, the crypto trading platform derives support from Charles Schwab, a top US-based investment advisor and brokerage firm, Fidelity Investments, and Ken Griffins Citadel Securities.

The exchange also announced new investors, including DV Crypto, GTS, Miami International Holdings, GSR Markets LTD, and HRT Technology. And participants in the space believe the launch of EDX would facilitate institutional investments in crypto.

Bitcoin Cashs price rally stems from EDXs launch as one of the cryptocurrencies listed on the exchange. The Securities and Exchange Commissions view that most Proof-of-Stake network tokens are securities also drew attention to BCH. As such, the token has been rising in the last seven days.

As of Thursday, June 22, Bitcoin Cash closed with a 26.54% price gain after opening the day at $136.31. With the continued momentum, the token now trades at $143.22. Also, the hype around BlackRock, WisdomTree, and Invescos spot BTC ETF application has influenced Bitcoin Cashs price action. 

It bears mentioning that the approval of these spot ETF applications could facilitate Bitcoins legitimacy and...

BCH/USD chart (Cryptowatch)

A serious watershed is on the horizon for BTCs price, as Bitcoin shorters show signs of betting on a short-term trend turnaround.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

<p class="p2">Bitcoin has been rallying for the last three days and continues to maintain significant momentum. After the digital asset crossed the $30,000 resistance, there was speculation that bulls have finally run out of steam, so the price was expected to correct downward. However, BTCs current levels combined with the crypto investor sentiment suggest that there could be more runway for the digital asset.</p> <h2 class="p2">Bitcoin Fear & Greed Index Remains Firmly In Greed

Presently, the Bitcoin Fear & Greed Index is at one of the highest levels that it has been in the last year. After a long stretch in the neutral and fear territory, Bitcoin has finally moved back once more into the greed territory, signaling positive sentiment from investors.

The index is currently sitting at a score of 65, continuing Thursdays bullish sentiment. It is now almost 20 points above its last weeks cumulative value of 47 and this shows the genuine jump in investor sentiment going from fearful to greedy.</p> <p><img alt="Bitcoin Fear & Greed Index" class= "alignnone size-medium wp-image-539373 aligncenter" height="224" src= "https://www.newsbtc.com/wp-content/uploads/2023/06/Screenshot-2023-06-23-at-12.47.48-460x224.png" width="460"></p> <p class="p2">The last time that the index was this high was back in April when Bitcoins price broke the $31,000 level for the first time in 2023. So it is possible that the current rally could continue on with time given that the rally that led to BTC climbing above $31,000 in April lasted for about a month.</p> <p class="p2">As of now, the crypto market has been rallying for only about two days, so it is too early for exhaustion on the part of buyers. With more investors feeling greedy and rushing to the market to take advantage of the recovery, they will end up pushing the price even higher.</p> <h2 class="p2">Bitcoin At $35,000 Is Possible</h2> <p class="p2">The crypto market rally is being propelled forward by the entrance of institutional investors into the space. This includes the like of BlackRock and WisdomTree filing for Bitcoin ETFs. Now, the response from the Securities and...</p>

SEBA Bank exec Nasha Afshar believes that the question of institutions getting into crypto has shifted from "if" to "when," indicating growing confidence in the industry.

Raj Dhamodharan (Shutterstock/CoinDesk)

(Mark Van Scyoc/Shutterstock)

A full-on crypto scene and heaps of Web3 projects in Australias largest city show Sydney has more to offer than beaches and a bridge.

With a comically loud horn, a candy machine and a jukebox filled with Mozart, metal and more, it's the "Bitcoin Ambassadors" rally car adventure.

Chainlink (LINK) is one of the cryptocurrencies that has suffered the most from the weakness of the altcoins. The LINK price has collapsed after 397 days in the range between $9.62 and $5.32, which is an extremely bearish signal.

But the good news is that, after falling below support at $5.32 on 10 June, the bulls have managed to regain the level for the time being. Nevertheless, the Chainlink price is not out of the woods yet. A do-or-die moment could loom within the next few days and weeks.

The renowned crypto analyst @DaanCrypto has pointed this out. Via Twitter, the analyst shared the chart below and explained that LINK could enter Phase C, the spring, within the Wyckoff analysis. For this to happen, however, the range must be held:

$LINK Followed the plan. It deviated below its 400-day range and retook it. Wouldnt expect this to outperform many of the new shiny coins, but the invalidation is clear as day and the risk/reward is solid. Its do or die here, $LINK Marines.

Dutch analyst Michal van de Poppe believes the current moment offers a great opportunity. On 17 June, he tweeted, The best time to accumulate your altcoins and Chainlink is now. In a recent tweet, he wrote that the thesis is still valid:

Its undervalued and a synonym for the depression on altcoins. The expansion is, most likely, going to come, but it needs to break through $6 in order to make that happen.

Matthias Mende said while its very unfortunate, there are a lot of bad actors using social media who are constantly trying to bring harm to others.

The impact of Bitcoin mining on the environment remains a significant concern to many, leading to unfavorable responses from people opposed to its use.

(Frederick Munawa)

The crypto market is currently experiencing a general price recorrection, following a strong bullish phase that saw many assets soar to new highs. Stacks (STX), one of the notable performers in recent days, is not left out of the current ebb and flow of the market, with its value experiencing a significant decline in the last few hours.

According to data from CoinMarketCap, STX is down by 10.14% in the last day, representing the biggest loss in the top 100 cryptocurrencies today. However, looking at STXs wider price movement, the ERC-20 tokens present downturn may not present much worry to its investors. 

For context, STX has jumped by 44.55% in the last seven days emerging as the second biggest weekly gainer, falling just behind meme season sensation Pepecoin. 

At the time of writing, Stacks is trading at $0.776, with a 0.96% gain in the last hour. However, additional data from CoinMarketCap shows the tokens daily trading volume is down by 26.41%, falling to a value of $235 million. 

Related Reading: Bitcoin Price Hitting A Yearly High Today? What Matters Today

That said, STX remains the 40th biggest cryptocurrency in the market, boasting a massive market cap value of $1 billion. 

Stacks In 2023 So Far

Stacks has been one of the major headliners of 2023, with the token recording a total percentage increase of 290% since the start of the year. Like most cryptocurrencies, Stacks began the year with a slow pace, recording little price gains in January, as its value rose from $0.21 on January 1 to $0.269 by January 31.

In mid-February, STX eventually picked up pace surging by 241% to hit a market price of $0.988 on March 2. However, this positive ascent was soon followed by a significant downtrend, causing the tokens value to plummet as low as $0.575 just one week later.

Thereafter, Stacks resumed its bullish trajectory to hit its highest market price of 2023 thus far, peaking at $1.176 on March 18. Following such price gains, the STX market showed no significant price movement before sliding into a bearish state that lasted for over two months prior to the tokens recent boost in price in the last week.

What Next For Stacks? 

According to STXs 4-hour chart, its Relative Strength Index (RSI) shows the token has just left the overboug...

This is an opinion editorial by Konstantin Rabin, a finance and technology writer.

Death is not something that many people like talking about all too much, but it is crucial to sit and have a good think about what will happen to all of your earthly belongings when the inevitable eventually happens.

Despite its importance, a 2021 study found that less than half of all adults in the U.S. have a will set up at all. While many are too scared of thinking about it, a large number of people simply feel that they lack the know-how for setting one up or want to wait until they have children before they feel the need to sort out their afterlives.

Over the last year or so, I decided to have this will discussion with myself, and after much thinking and many hours of research, the answer for the best method of inheritance to establish in my own will seemed obvious: Bitcoin.

As things stand in the world today, you are bound to end up with issues if you dont set up a will. Lets say that you kick the bucket tomorrow without an inheritance plan drawn up. The first thing that might happen is that all of your assets could be frozen until the courts take their sweet time digging through every detail of your estate. This alone can take from several months to several years, depending on where you live and the assets that are in your name. If you were married and died intestate (without a will), your spouse might end up having to find an executor, which often costs a lot of money, and then comes the months of paperwork and infighting with long-lost relatives who might suddenly start showing up at your doorstep. Along with all of this drama could come the taxman, ready to act as the grim reaper of the assets you leave behind, often taking huge percentages of your life savings.

With all this in mind, setting up your will with BTC can solve many problems for those who you leave behind in the land of the living. I will be going through some of my thoughts on this and explaining exactly why I have decided to set up my will with Bitcoin.

Advantages Of Bitcoin Over Traditional Assets

To me, it all came down to two aspects, with the first being accessibility. With physical assets, you end up having to do more than just paperwork when passing on your property after death. Whether it is gold bars, a cellar of investment-grade whisky or expensive paintings, there is a certain level of expertise needed to move these items from one place to the next and then to look after them properly.

Bitcoin solves this for me. Here you have an asset that doesnt need anything other than a 256-bit long combination to be accessed globally, without your next of kin having to wait months to gai...

Noah Sharp (BCB Group)

German conglomerate Siemens was reportedly the first company to process euro-denominated payments using JPM Coin.

Euros (Shutterstock)

The latest regulatory approval for the crypto exchange comes within weeks of acquiring a major payment institution license from regulators in Singapore.

The price of XRP experienced an increase after surpassing the $0.50 mark; however, it has recently undergone a fresh decline. Analyzing the daily chart, the altcoin has depreciated by approximately 3%, whereas the weekly chart shows an appreciation of about 6%.

The technical outlook for XRP indicates a bearish bias due to a decrease in demand and accumulation shown on the chart. Buying strength has weakened following the coins drop below the $0.50 threshold.

As Bitcoin entered the $30,000 price range, other major altcoins also began to appreciate on their respective charts but remained constrained beneath immediate resistance levels. So it is crucial for XRP to surpass the $0.50 mark to enable an upward movement.

Related Reading: Conflux Claims Its Place Among Top Altcoins As CFX Price Skyrockets 46%

Currently, the $0.50 price level acts as a significant barrier that needs to be converted into immediate support. If the altcoin manages to consistently trade above $0.50 for a substantial number of sessions, it may initiate a rally.

The market capitalization of XRP has also declined, indicating a decrease in buying strength.

XRP Price Analysis: One-Day Chart

Following its failure to maintain a price above $0.50, the altcoin was trading at $0.49. With a small boost from buyers, there is potential for the altcoin to once again surpass the $0.50 threshold.

An important resistance level for XRP is situated at $0.53. If this resistance is overcome, XRP could make an attempt to trade above $0.56, resulting in a significant 12% rally.

Conversely, a decline from the current price level would bring XRP down to $0.47. The volume of XRP traded during the last session was in the red, indicating that selling pressure outweighed buying pressure.

Technical Analysis

(World Bank/Flickr)

This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries.

Crypto.com CEO Kris Marszalek during his YouTube interview (Crypto.com)

Casa has added Ethereum support to its self-custody storage solutions, providing multisignature security for BTC and ETH.

Gemini Staking Pro allows institutions in the U.K. to become Ethereum validators by locking up at least 32 ETH, worth about $60,000 at the time of writing.

Conflux (CFX) has recently captured the attention of the cryptocurrency market with its impressive growth. In just one week, Conflux has experienced a remarkable surge, placing CFX among the top-performing altcoins of the moment and positions it as a legit investment opportunity for crypto enthusiasts and traders alike.

With the cryptocurrency market known for its volatility and unpredictability, the significant surge in Confluxs value raises questions about the driving factors behind its recent growth.

What sets Conflux apart from other altcoins, and what does this surge signify for its future prospects?

Conflux: Riding The Wave With Ecosystem Expansion

Conflux (CFX) has emerged as a prominent contender in the ever-evolving cryptocurrency market, particularly in recent times, as its value continues its upward trajectory. At the time of writing, the altcoin boasts a current price of $0.260079, and has experienced a noteworthy 24-hour rally of 1.5%.

However, what truly sets Conflux apart is its remarkable bounce-back over the past seven days, reaching an astounding 45.8% increase, solidifying its position as one of the leading altcoins in terms of growth.

The rally in CFX value aligns with the expansion of Confluxs ecosystem, hinting at a promising future for the blockchain network.

Conflux is partnering with @dappOS_com

Leveraging dappOS innovative solutions, Conflux dApp users will experience simplified workflows and seamless cross-chain execution without incurring additional gas fees. pic.twitter.com/tbEuPk429n

Conflux Network Official (@Conflux_Network) June 21, 2023

Notably, Conflux has recently unveiled a significant...

Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance.

RAK DAOs Meng Chan Shu encouraged community members to keep on building despite the challenges in adopting tokenization.

Sam Bankman-Fried leaves a federal court in Manhattan following a hearing (Elizabeth Napolitano / CoinDesk)

(Appolinary Kalashnikova/Unsplash)

The Bitcoin price has rallied fast in the past few days as a result of the BlackRock news. The big question is whether the bulls can continue to push the price upwards, or whether they are slowly running out of steam. With this in mind, there is currently a striking similarity in the 1-day chart of BTC to the rally in mid-March 2023.

Back then, the BTC price experienced a setback of over 22% after reaching a one-year high at $25,200. News from the macro and crypto environment were extremely bearish after USDC lost its peg to the US dollar and a renewed banking crisis loomed. However, as a result of rumors of a Silicon Valley Bank (SVB) bailout, BTC kicked off a 46% surge. Remarkably, this occurred in a double-pump with a one-day breather.

Fast-forward to today, Bitcoin may be in that position again. As the Bitcoin price dipped below $25,000 on June 14, the news were ultra bearish (Tether FUD, SEC lawsuits, and more). Once again, however, BTC was saved by bullish news: BlackRocks filing for a Bitcoin spot ETF.

Since the news, BTC has risen by over 20%. Yesterday, the price took a breather. The million-dollar question: Will the second part of the pump come today, as in March, or has Bitcoin already experienced the double pump (see yellow circles). In this case, June 18 could have been the equivalent to the one-day breather of the March rally.

Data Supports Bitcoin Bulls, But Caution Is Warranted

According to the analysts at Greeks.live, BTC...

53955647 - prisoner in jail (Shutterstock)

bull and bear (Getty)

Pepe Coin (PEPE), the once-heralded meme coin that rode the waves of exhilarating hype, is making a remarkable comeback after a period of stagnation.

As the frenzy surrounding meme coins gradually dissipated, PEPE experienced a significant loss in value, leaving investors and enthusiasts uncertain about its future. 

However, recent data analysis has shed light on a fascinating trend the resurrection of PEPE. Notably, the tokens resurgence is not merely a coincidence; it can be attributed to a surge in buying pressure. 

But what does this renewed interest in PEPE mean for its future?

PEPE Demonstrates Promising Market Dynamics 

PEPE, currently valued at $0.00000155 according to CoinGecko, has recently witnessed a moderate 2.3% rally within the past day, indicating a potential shift in its market dynamics. However, the most noteworthy development is the remarkable seven-day surge of 71.9%, suggesting a significant resurgence of interest.

Analysis of on-chain data reveals a substantial decline in PEPEs supply on exchanges, while its supply outside of exchanges has increased, illustrating investors willingness to acquire the meme coin. 

According to recent PEPE price report, his accumulation trend is further supported by the notable increase in the total number of holders over the past few days. The uptrend has also resulted in a surge of positive sentiment surrounding the coin.

Whale0x31f5 spent 4.54M $USDC and 150 $ETH ($287K) to buy 3.43T $PEPE at $0.000001406 in the past 8 hours.

The whale made ~$11.47M on $PEPE for the first time and lost ~$741K on $PEPE for the second tim...

Bitcoin has around four months to go before eclipsing its $69,000 peak if past impulse moves are a guide, says Credible Crypto.

This week, the cryptocurrency market has experienced a remarkable resurgence, resulting in unexpected price surges across numerous coins and tokens. Cardano (ADA) is a notable beneficiary, showcasing a significant price increase over the past three days.

ADAs resurgence exemplifies the reversal of sentiment witnessed in the cryptocurrency market, evoking a sense of optimism reminiscent of the levels seen in March 2023.

ADAs value has surged by over 20% since reaching a low point on Monday, propelling its trading price just above $0.30.

Furthermore, Cardano has surpassed a key indicator, the 20-day exponential moving average (EMA), widely used to assess a tokens short-term trend.

This breakthrough is a milestone for Cardano, indicating the potential for a substantial shift in investor sentiment and paving the way for potential robust upward momentum.

Cardano Price Surge Amidst Market Dynamics

The recent upward trajectory of Cardano (ADA) can be attributed to external factors rather than token-specific developments or fundamentals.

For example, the rising number of ADA wallets, as indicated by data from Cardano Blockchain Insights since late May, has not yet had an immediate impact on the tokens price.

Interestingly, the current market dynamics are intertwined with a notable surge in institutional interest in Bitcoin (BTC).

Last week, this heightened interest was exemplified by BlackRocks application to launch the first United States spot BTC exchange-traded fund (ETF).

As a result, Cardanos recent rise can be seen as part of a broader market trend driven by institutional attention focused on Bitcoin.

Monitoring how these external market events influence Cardanos price and whether further developments within the crypto ecosystem will contribute to its future growth and performance is crucial.

A Closer Look At Future Potential

At 5:03 p.m., Cardano (ADA) is trading at $0.29, representing a 2.67% price change within the last 24 hours. This recent movement has propelled Cardanos market capitalization to approximately $10 billion. Noteworthy is the 18.19% profit Cardano has experienced since the beginning of this year.

Traders may learn much about Cardanos potential long-term price dynamics by comparing its trajectory to other technology de...

Data from IntoTheBlock reveals that over 75% of all Bitcoin holders are in the money at spot rates when the prices are at multi-week highs, trading at around $30,000 as of writing on June 22. Bitcoin has been on a firm uptrend over the past few trading days, propelled by supportive fundamentals.

The worlds most valuable cryptocurrency is now up roughly 22% from June 2023 and is trending above crucial resistance levels, now support. At this pace, proponents expect the coin not only to continue edging higher but break above April highs and print new 2023 highs in continuation of the bullish trend of the March to April 2023 trade range.

75% Of Bitcoin Holders Are In Green

At spot rates, IntoTheBlock data shows that 75% of all BTC holders are in the money while a paltry 3% are at break even. This means these holders are not in red or green but are steady without posting any capital gains. 

Meanwhile, despite rapid gains in the past trading week, 22% of all BTC holders are losing money. There is a high possibility that these individuals bought their coins at recent cyclic tops, and considering the sharp drops in the past few weeks, they are still struggling to break even and are far from making profits.

As an illustration, while Bitcoin is at around $30,000, BTC crashed from April 2023 highs of approximately $31,000 to $24,800, a 20% drop. This followed an encouraging surge from mid-March when BTC prices rallied from $19,700 to register new 2023 highs in April, surging 56%. 

Notably, even at the current formation, bulls are expecting a resumption of this solid trend and a possible break above $31,000 in continuation of Q1 2023 performance. At that time, the uptick followed fears of a system-wide collapse of the banks in the United States. 

The collapse of the Silicon Valley Bank (SVB) impacted Circle, the issuer of USDC, and forced capital to establish coins like Bitcoin. During that time, Binance also said they were converting their $1 billion Industry Recovery Fund to Bitcoin and other assets, including BNB and Ethereum, pumping these coins.

The Bitcoin Run Continues

Bitcoin remains supported primarily because of regulatory factors, including the United States Securities and Exchange Commission (SEC) reiteration that the coin is the only commodity in the nascent sector. In their legal actions against Binance and Coinbase, the regulator alleged several top-tier altcoins, including Cardanos ADA, as examples of unregistered securities. While these coins fell, capital flowed to Bitcoin, forcing prices h...

Digital Asset blames the ASX for not providing it with crucial information while the ASX says these claims are misleading.

While Musk has a bigger frame and height advantage by being 6-foot-1, Zuckerberg has now been training in Brazilian jiu-jitsu for nine months.

1.00 AUD = 0.00002 BTC
0.00010 BTC = 4.60 AUD
Converter

0.00010 BTC = 3.07 USD
1.00 USD = 0.00003 BTC
Converter

While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future, said Binance.US.

The SHIB-themed diner serves hot wings, burgers and cocktails, but despite the branding, still trades mostly in fiat.

The compromised accounts could give bad actors confidential information about companies and individuals.

Bitcoin weekly chart. (CoinDesk Indices)

After a Hollywood dinner party, hundreds of millions of dollars of avoidable transfers were sent from Alameda to investment firm K5 Global, the suit alleges.

A computer popup box screen warning of a system being hacked, compromised software enviroment. 3D illustration. (Getty Images)

Nevadas business regulator issued a cease and desist order to the crypto custodian, alleging it has a shortfall of customer funds.

The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the apps provider, UAB PayrNet.

Prime Trust Consensus Booth (Prime Trust)

NFL Rivals game (nfl.rivals.game)

Floating pig from Pink Floyd Exhibition (Dave J Hogan/Getty Images)

Kyle Davies, left, and Su Zhu, right (Kyle Davies/Twitter)

Bitcoin traders always talk about BTCs correlation with gold and equities, but how much attention should average investors pay to this discussion?

In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms.

Laws in the United States are the problem. Cryptocurrency advocates should focus on changing them and, in the meantime, consider moving to the European Union.

Bitcoin daily chart. (CoinDesk Indices)

News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue.

Franois Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDCs advantages.

Gamers celebrating success (Getty Images)

(John Eder/Getty Images)

NFT art in Times Square (Photo by Noam Galai/Getty Images)

Bitcoin touches $30,000 and is back on everyones radar. Find out what is driving the price forward on this weeks episode of Market Talks.

Justin Sun (CoinDeskTV)

BlackRock's corporate office in New York, New York. (Jim.henderson/Wikimedia Commons)

Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.

British flag and code (Sean Gladwell / Getty Images)

BitGo CEO Mike Belshe. (Shutterstock/CoinDesk)

(Shutterstock)

(Danny Nelson/CoinDesk)

LDK Node, a new Lightning node library, has been announced, offering developers a simplified and ready-to-go solution for setting up a self-custodial Lightning node. Built using LDK and BDK, LDK Node provides a straightforward interface and an integrated on-chain wallet, allowing developers to quickly and easily establish a Lightning node within a day.

Unlike its predecessor LDK, which offers extensive customization options but requires a deeper understanding of protocol fundamentals, LDK Node focuses on simplicity and ease of use. With a reduced API surface comprising around 30 API calls, LDK Node simplifies the integration of self-custodial Lightning nodes in various use cases while hiding protocol complexities.

The initial release of LDK Node includes several design choices and modules. The integrated BDK wallet handles on-chain data, and chain data can be sourced from an Esplora server, with support for Electrum and bitcoind RPC planned for the future. Gossip data can be obtained via Lightning's peer-to-peer network or the Rapid Gossip Sync (RGS) protocol. LDK Node also offers the means to source entropy for Lightning and on-chain wallets, as well as generate and persist entropy bytes to disk.

LDK Node is specifically designed to facilitate the integration of self-custodial Lightning nodes in mobile applications. Its features are tailored for mobile deployments, with integration options available for Swift, Kotlin, Python and Flutter. By offering language bindings and compatibility with mobile environments, LDK Node aims to simplify the process of deploying self-custodial Lightning nodes on end-user devices.

Looking ahead, the development team behind LDK Node has already started working on the next release, which will introduce support for sourcing chain data from Electrum or bitcoind RPC and persistence to a Versioned Storage Service (VSS) backend. Integration with the Language Server Protocol (LSP) specification is also in progress. The team is actively considering adding server-grade modules in the future.

For developers interested in exploring LDK Node, the GitHub repository, API documentation, and Rust Crate provide further resources. Additionally, there is a showcase called Monday Wallet, an example wallet built with LDK Node Swift bindings, demonstrating the capabilities of the library in real-world applications.

Coinbase CEO Brian Armstrong (Coinbase)

Ether-bitcoin ratio (TradingView)

(Towfiqu Barbhuiya/Unsplash)

Prime Trust (edited by CoinDesk)

The Catawba Nation, a sovereign federally recognized tribal government, has established the Catawba Digital Economic Zone (CDEZ), a special jurisdiction within the Catawba Reservation in South Carolina, aimed at empowering emerging digital technology companies, including Bitcoin companies. The CDEZ has recently achieved a significant milestone with the enactment of the Banking and Financial Services Code, a comprehensive legal framework that combines the best practices from the financial codes of South Dakota, North Dakota and Wyoming.

The CDEZ Banking Commission, an integral part of the regulatory landscape within the jurisdiction, is now seeking experienced banking regulators and financial experts to shape the future of the zone's banking practices. The commission's responsibilities include authorizing banking operations, granting bank charters and ensuring competitive equality among financial institutions. Additionally, the commission will oversee various aspects of bank operations such as mergers, branch openings and closings and changes in location, with periodic examinations to ensure regulatory compliance.

"The Catawba Digital Economic Zone offers a unique opportunity for seasoned banking regulators to contribute to the development of a robust digital banking system," said a press release shared with Bitcoin Magazine. "We are seeking applicants with expertise in policymaking, financial regulations and banking to harmonize traditional and digital banking practices while fostering innovation."

The CDEZ's invitation to potential regulators and financial experts highlights its commitment to maintaining the integrity and stability of the financial sector within the zone. The commission holds the authority to enforce disciplinary actions, including the removal of individuals engaged in unlawful banking activities or unsafe practices. This emphasis on regulatory compliance underscores the CDEZ's dedication to upholding high standards within the financial industry.

Applicants interested in becoming Banking Commissioners for the CDEZ can submit recommendations and applications through various channels, including the CDEZ Discord Server, an online form available on their website, or via email (contact@zoneauthority.io). The Catawba Nation encourages seasoned professionals with a background in policymaking, financial regulations and banking to apply and review the Catawba Banking And Financial Services Code Guide for more information.

With the establishment of the Catawba Digital Economic Zone and the call for experienced banking regulators, this innovative jurisdiction seeks to leverage its unique position to attract Bitcoin companies and foster a modern economy driven by responsible innovation an...

BitGo's plans to acquire Prime Trust, a prominent custody firm, have taken an unexpected turn as BitGo recently announced on Twitter the cancellation of the acquisition. The initial announcement had generated excitement within the industry, as the consolidation of these two major custodians was expected to have a significant impact on the industry landscape.

In the preliminary announcement, BitGo highlighted its intentions to provide business continuity, long-term stability and secure services to Prime Trust clients. Prime Trust, expressing its enthusiasm for the partnership, believed that the combined company would revolutionize the future of custody services. Jor Law, Prime Trust's Interim CEO and President, stated, "No other company will have the breadth of product and services nor depth of experience that this combined company would have."

However, after considerable efforts and discussions, BitGo made the hard decision to terminate the acquisition. Although BitGo did not provide specific reasons for this change of course, the company emphasized its commitment to delivering trust in digital assets. The termination of the deal raises questions about the future trajectory of Prime Trust, as there were many rumors about the firms liquidity prior to the acquisition announcement.

The original acquisition decision came amidst developments in the custody landscape, with Bitcoin-only exchanges Strike and Swan both announcing their departure from custody services provided by Prime Trust. Strike switched to utilizing its own custody services, while Swan transitioned to BitGo and Fortress Trust, which was founded by Scott Purcell, the former founder of Prime Trust.

While the termination of the acquisition raises speculation about the financial health of Prime Trust, the recent announcement did not address or confirm these rumors. The industry will now eagerly await further details and clarifications from both BitGo and Prime Trust regarding their future plans and strategies.

Bitcoin global options trading volume (Laevitas)

Bitcoin weekly chart (TradingView)

Bitcoin weekly chart. (CoinDesk)

Bull (Ajithkumar M/Pixabay)

(Hitesh Choudhary/Unsplash)