Bitcoin News and Finance: What You Need to Know

Unity, a gaming engine development company, has announced the introduction of several blockchain-based integration options to its platform. The new options offer opportunities for developers, that will be able to take advantage of digital identity, tokens, non-fungible tokens (NFTs), and other technologies with direct integration into the Unity engine. Unity Reveals New Decentralization Push in Its Gaming Engine Unity, one of the biggest companies in the gaming industry, has announced support for a number of new blockchain technologies in its engine. The options, which are developer-focused, will allow users to obtain real ownership of their in-game assets, as well as manage tokens and digital identity solutions that can be exported to the real world. This means that developers will be able to take advantage of and integrate these technologies in their games in a streamlined way, focusing on building experiences instead of the technical issues that derive from complex blockchain i...

Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) sent a letter to Binance and Binance US on Wednesday, calling for the crypto exchanges to “provide transparency about potentially illegal business practices.” The letter, addressed to Binance CEO Changpeng Zhao (CZ) and BAM Trading Services CEO Brian Shroder, asks for documents and answers concerning each crypto exchange’s “finances, risk management, and regulatory compliance as it faces investigations into potential crimes,” the senators detailed. Binance and its U.S. affiliate, Binance US, are two separate entities. BAM Trading Services is doing bu...

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo CEO Sees Lightning Network Integration as a Solution to High Fees and Long Transaction Times Xapo has partnered with Lightspark to integrate the Lightning Network, according to an announcement sent to Bitcoin.com News. The company, founded in 2013, detailed that its clients can now pay for small purchases of up to $100 at any vendor that accepts Lightning Network payments. Additionally, Xapo is offering interest-bearing U.S. dollar bank accounts, with plans to soon offer the same for bitcoin. Xapo CEO Seamus Rocca believes that using the Lightning Network can help clients avoid long wait times and higher onchain fees. “The average transaction conf...

Bitcoin fell into the red on March 2, as markets reacted to further negative data from the United States. The nation’s manufacturing sector contracted for a fourth straight month in February, which comes as consumer confidence also fell last month. Ethereum was also lower, retreating from yesterday’s high. Bitcoin Bitcoin ( BTC ) fell lower in today’s session, as markets reacted to news that the U.S. manufacturing sector remained in contraction territory. In its monthly report, the ISM’s manufacturing index came in at 47.7, and typically any reading below 50.00 indicates contraction. As a result of this, BTC /USD slipped to an intraday low of $23,374.66, which comes a day after trading at a high of $23,821.15. The drop came as bitcoin bulls were unable to sustain a breakout above a resistance level of $23,800. Additionally, the 14-day relative strength index (RSI) has also declined, following a failed breakout of a ceiling at 55.00 At the time of writing, price strength is tra...

PRESS RELEASE. Since last year, CoinEx Charity has been funding children in poor areas, bringing them back to school to continue their education. The Mercy Children’s Educational Welfare Program is still ongoing and has helped over 20,000 children with funds from CoinEx Charity. Recently, CoinEx Charity received a report from the Human Development Foundation (HDF), a charitable organization based in Thailand. In its report, HDF thanked CoinEx Charity for its charitable donations and illustrated how the scholarship funds were used. HDF is a non-profit and non-denominational charitable foundation located in Klong Toey, the largest slum community in Bangkok, Thailand. To help poor children, HDF has established the Mercy Centre which currently houses 100 children, more than 20 of whom were born with HIV/AIDS. Since 2022, CoinEx Charity has been reaching out to the children at HDF Mercy Centre through donations. By providing protection, care, and appropriate education for the kids, HDF a...

While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with decentralized exchanges such as the self-custody of assets make look more appealing than centralized exchanges. Decentralized Exchanges Closing the Gap Despite seemingly possessing the edge over centralized exchanges (cex), according to Tim Shan, the COO of Dexalot , decentralized platforms still come short when it comes to the number of users or the volumes traded. Part of the reason for this is that cex platforms are often perceived to be safer and perhaps much faster and cheaper to use than decentralized exchange (dex) platforms. Although being slower and more expensive is “not a good combination for dexs,” Shan insisted in his written responses sent to Bitcoin.com News that ongoing innovations and improvements are helping decentralized platfo...