Crypto Daily News (17-07-2023)

in #uncommonlablast year

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Binance completes compromise with the Bitcoin Lightning Association

The news comes less than a month after #Binance announced its plans to consolidate Piece Lightning Association.

cy trade #Binance has finished the mix of the Bitcoin Lightning Organization on its foundation for BTC withdrawals and stores.

The improvement was affirmed by #Binance in a July 17 blog entry, where they noticed that #Binance clients can now use the layer-2 scaling solution for #BTC withdrawals and stores.

At the point when clients currently decide to pull out or store Bitcoin, they can now choose "LIGHTNING" as a choice. Different choices incorporate BNB Savvy Chain (BEP-20), Bitcoin, #BNB Reference Point Chain (BEP2), #BTC (SegWit), and #Ethereum ERC-20.

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Screenshot showing users can select "LIGHTNING" as an option when depositing Bitcoin. Source: Cointelegraph

Binance recently showed the compromise of the Lightning Association in May after it expected to momentarily stop BTC withdrawals in view of a flood of impending trades achieved by "the new flood in BTC network gas charges."
Source: Cointelegraph

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