Bitcoin News and Finance: What You Need to Know

On April 6, one of the largest cryptocurrency payment platforms in the world, Bitpay, announced the Atlanta-based company has integrated bitcoin payments via the Lightning Network. According to the announcement on Wednesday, the youth-focused American retail clothing brand Pacific Sunwear (Pacsun) will be the first merchant to leverage Bitpay to accept Lightning Network payments. Payment Platform Bitpay Adds Lightning Network Support, Pacsun Accepts Lightning Payments Bitpay is now allowing bitcoin payments via the Lightning Network (LN) in order to allow bitcoin users to pay using the crypto asset’s second layer network. Before adding LN payments, Bitpay accepted bitcoin ( BTC ) via onchain, alongside bitcoin cash, ethereum, wrapped bitcoin, shiba inu, xrp, and a slew of stablecoins. Bitpay says users and merchants can now utilize the LN payment rail with wallets like Cashapp and Strike. “Consumers now have a low-cost alternative when paying with Bitcoin at a Bitpay-enabled mercha...

PRESS RELEASE. Venture capitalists, founders, and eminent crypto investors graced the event to meet and connect. While the event was insightful, it was also a moment of unwinding for the attendees after weeks of back-to-back cryptocurrency and blockchain summits in Dubai. The host, Patrick Aljord, opened the floor for the speaker Ryan Coordinator, the Head of Operations at Developer DAO, to speak on “Onboarding New People to Web3 and Building Public Goods.” Ryan says that Developer DAO’s mission is to onboard more web3 builders by educating and supporting them. He also stated that it aims to foster and build Web3 tools and public goods, bringing transparency, diversity, and inclusion through its open-source and self-governed mechanism. The second speaker, Anton Permenev, Co-Founder of ChainSecurity, touched on “Network Bridge Security.” He mentioned that he and his team are building trust within the blockchain ecosystem to allow the emerging technology to reach its potential among...

An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member Sushil Kumar Modi shared his view on cryptocurrency in an interview with Forkast, published Tuesday. Modi is a member of Rajya Sabha, the upper house of India’s parliament. He recently made headlines when he urged the Indian government to impose more than 30% tax on crypto income prior to Rajya Sabha passing Finance Bill 2022. He told the publication that the Indian government should tax crypto income as much as 50%. Modi explained: The government has not said in so many words … that crypto is like gambling. It is like lottery, it is like a casino, it is like horse racing … and in all these things the tax rates are very high. Besides wanting to tax crypto income at 50%, Modi also suggested levying...

The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘What do people committing ransom attacks usually demand payment in?’ The answer is crypto.” Bank of England’s Governor Warns About Cryptocurrency Bank of England (BOE) Governor Andrew Bailey talked about cryptocurrency Monday at a “Stop Scams” conference organized by the central bank. Bailey said cryptocurrencies are the new “front line” in criminal scams, stressing that crypto created an “opportunity for the downright criminal.” He described: You only have to ask the question ‘What do people committing ransom attacks usually demand payment in?’ The answer is crypto. Bailey urged banks, tech companies, and government institutions to work with the Bank of England to tackle scams targeting consumers, which he acknowledged is a job that “will never be done.” The central bank governor ...

PRESS RELEASE. Heroes of Arcan aims to create a play-to-earn game that offers players engaging, challenging peer-to-peer strategic gameplay backed by ethical, carbon-neutral blockchain technology. The play-to-earn revolution has catalyzed global change in blockchain and cryptocurrency markets, with over 750,000 individual blockchain wallets now participating in play-to-earn and NFT-based games on a daily basis . With over $4 billion USD invested in play-to-earn games by Venture Capital over the course of 2021, blockchain-based games that allow players to earn real-world currency by playing to earn NFT-based in games items are becoming the new standard of gaming. Play-to-earn games are empowering gamers with the ability to capitalize on the time and effort they spend in virtual worlds. The vast majority of play-to-earn games, however, are limited in scope and largely PvE, or player versus environment, rather than placing players in direct competition with one another. Heroes of Ar...

Sberbank, the largest bank in the Russian Federation, has denied connection to a new cryptocurrency called “sbercoin.” The project is offering high returns to buyers of the token, which was launched shortly after Bank of Russia allowed Sberbank to issue digital currencies. Sbercoin Traded on Pancakeswap Exchange, Not Issued by Sberbank A crypto project called Sbercoin.Finance has been promising investors up to 383,025.80% fixed annual percentage yield (APY) on the money they put into a token allegedly linked to Sberbank, Russia’s majority state-owned and largest banking institution. “Sbercoin,” advertised as the “world’s first auto staking & USDT rewards token,” was listed on the decentralized exchange Pancakeswap last month and has since lost most of its value. According to Coinmarketcap, it’s currently trading at $0.00006674 per coin. The SBER token was launched on March 17, the day the Central Bank of Russia ( CBR ) authorized Sberbank to issue digital financial assets, a...