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Twitter or BlueSky Set to Integrate with Bitcoin (BTC) Lightning Network

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Twitter stock is expected to reap hugely from Bitcoin lightning network integration that could see its revenues up in the coming quarters. 

Twitter Inc (NYSE: TWTR) shares closed yesterday trading at $60.30, up 0.99%. Twitter or the BlueSky platform with Bitcoin Lightning Network to ease subscription payments.

This was revealed by Jack Dorsey, co-founder and CEO of Twitter and also founder and CEO of Square. He responded to a customer’s request to integrate the Lightning Network into Twitter or BlueSky with the statement “Only a matter of time.” While his response remained vague, it was clear that the tech entrepreneur intended to link one of his platforms with his Lightning Network.

BlueSky is a decentralized social media platform launched in 2019, that operates in a similar way to conventional social sites but without central governance. Lightning Network, on the other hand, is a layer 2 payment protocol designed to solve scalability problems on Bitcoin. It expedites transaction times and cuts costs by enabling user-generated channels. Transacting times, for instance, are under a minute in comparison to the Bitcoin blockchain average of 10 minutes.

Lightning Network is already powering a couple of apps taking the moniker ‘Lapps’. These include LNtxbot, Tippin, ZEBEDEE Infuse, LNSMS.World. More recently Sphinx Chat crypto wallet and messaging service also joined the drive.

Twitter Stock and Possible Bitcoin Lightning Network Integration

Twitter stock is expected to reap hugely from Bitcoin lightning network integration that could see its revenues up in the coming quarters. According to market analytics provided by MarketWatch, Twitter stock added approximately 80.54% in the past twelve months and has gained around 11.36% since the calendar flipped back in January.

Earlier this month, Dorsey expressed consideration for the development of an open-source non-custodial Bitcoin hardware wallet. Such devices protect users from vulnerabilities of software wallets to cyber-criminals. Similar wallets include the Ledger Nano X, TREZOR T, ZenGo, and Electrum.

A day after this, Square made public its partnership with Blockstream, a blockchain infrastructure firm, in order to mine Bitcoin in a solar-powered facility. Square contributed $5 million to the deal.

So far, the company has committed $10 million into its own Bitcoin Clean Energy Investment Initiative. The aim of this was to support the “Green Bitcoin” initiative thereby, reducing the carbon footprint resulting from Bitcoin’s PoW conventional mining techniques. Dorsey has long held the opinion that green energy mining incentivizes innovation and the adoption of renewable energy. Dorsey was one of the attendees at the recently held Miami Bitcoin Conference.

Notably, the lightning network helps reduce the cost of transactions and also increases the speed of transactions. As a result, Twitter’s BlueSky could attract more crypto enthusiasts who use the platform for news updates and socializing.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”



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SIL Finance Opens Mining on Binance Smart Chain

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On 22nd June, the SIL Ethereum-BSC Bridging Program will commence.

Sister in Law Finance (SIL), a single-sided yield aggregator, has announced that it will open its mining operations on Binance Smart Chain (BSC) this week. This happens just after their PowerCurve Initial Decentralized Exchange Offering (IDO), which took place last week on DoraFactory.

SIL Finance has set a chain of events to take place in June. Closure of the BSC Test Drive will take place on the 21st June at 3.00 PM, UTC, and thereafter, the SIL master contract will produce SIL on every succeeding block. Additionally, at 2.00 PM UTC the same day, the NFT Mystery Box buying button will be enabled so that users can purchase SIL NFTs using SIL.

Notably, the NFT interface supports exploring SIL NFT collections or episodes and shopping SIL NFT Mystery Box of the current episode. It also enables examining Mystery Boxes purchased and turning them into concrete cards and examining statistics of these cards.

The NFT Collections are grouped into five classes namely: Common, Uncommon, Rare, Epic, and Legendary. Each of these has an acceleration rate (cast on self) that differs from its deceleration rate (cast on other users). Every episode has a specific number of cards belonging to each class. The OPEN button gives access to the randomness calculation. SIL NFT’s initial episode will be the Sister series inclusive of five faces namely: Advent, Combat, Entanglement, Phantom, and Void.

SIL Finance on Binance Smart Chain

On 22nd June UTC, the xSIL pool will be opened. The pool is a single-token yield pool and it is quite similar to xSushi. However, xSIL users gain 20% of the total profits accrued on all intermediate LP Farming yields in SIL form. The yields include Cake and Burger, among others depending on the underlying liquidity provider (LP) farms. To make use of the xSIL pool, one is required to deposit SIL into the pool and they will start owning SIL from the next block.

Also on 22nd June, the SIL Ethereum-BSC Bridging Program will commence. Through it, Ethereum SIL users will be able to make applications to convert ERC-20 SIL into BEP-20 SIL on BSC. Those that undergo the bridging process successfully will automatically enter the xSIL pool. This will have a 1-week grace period during which bridged users will be unable to withdraw SIL from the xSIL pool. However, after this window expires, users can freely remove SIL from the xSIL pool. Finally, the SIL LP pool will be opened on BSC as SIL trading on the 23rd UTC.

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Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”



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Morgan Stanley Invests in Security Token Startup Securitize

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Securitize is going to build a crypto marketplace for trading digital securities.

San Francisco-based blockchain firm Securitize has raised $48 million in a Series B funding round. Morgan Stanley led the funding for Securitize drive alongside the largest investor in the Series A funding round, Blockchain Capital.

Recall that Blockchain Capital led the Series A funding round alongside Xpring Fund and Coinbase Ventures, and raised $12.75 million. This was used to expand operations into Latin America and the Asia Pacific, as well as build an engineering team.

Interestingly, the new venture capital investment is Morgan Stanley’s first investment foray into the blockchain ecosystem. The deal will see Pedro Teixeria, co-head of Morgan Stanley Tactical Value Investing, join Securitize’s board of directors. Teixeria believes the investment is proof- positive of Morgan Stanley’s ability to think ahead of the curve and make long-term investments that will benefit its partners. He claims the investment signals their belief in the growth of digital assets and the adoption of the same.

It is worthy of note that the development comes as the San Francisco firm looks to develop a crypto marketplace, Securitize Markets, for trading digital securities. The market, when launched, will provide liquidity for private capital holdings; allowing investors to trade closely held assets. According to Carlos Domingo, the founder and Chief Executive Officer of Securitize, such a platform boasts great potential and could very well be the future of finance.

Such a convergence as this formed by Morgan Stanley and Securitize suggests that Wall Street is slowly embracing the use of digital assets as securities even as the blockchain technology backing it continues to grow.

About Securitize

Established in 2017, Securitize helps private companies leverage the power of digital assets to raise funds. The firm reports that up to 150 corporations have benefited from its blockchain-based platform, with investors reaching about 300,000. The firm also has a subsidiary that manages assets and offers Bitcoin and USDC yield funds. The crypto yield funds expose accredited and institutional investors to digital assets- cryptocurrencies and decentralized finance.

The Series B funding drive brings the blockchain firm’s total funding to $87.5 million setting the company on course to be the leader in digital assets securities.

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An experienced writer and Fintech enthusiast, passionate about helping people take charge of, scale and secure their finances. Has ample experience creating content across a host of niche. When not writing, he spends his time reading, researching or teaching.



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Amazon (AMZN) Stock Slightly Down as Investors Remain Unperturbed Ahead of Prime Day

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There are three key areas that inform the likelihood of a continued upsurge in Amazon (AMZN) shares.

The shares of American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence company, Amazon.com Inc (NASDAQ: AMZN) was slightly down in the pre-market as volatility pushed the stock to the red zone. This current trend has failed to take into account the upcoming Amazon Prime Day, a period new offerings are expected to be unveiled.

At the time of writing, AMZN stock is 0.71% down, ar $3,462.20.

For the better part of this year, Amazon shares have not impressed longer-term investors as bear actions has largely kept the stock bound on a close-range for some time. More impressive market activity was triggered early in the day with AMZN inking close to 6 points to beat its Friday close of $3.486,90. The volatility has ushered in a correction, however, the impressions for a good uptick are currently being made evident.

Amazon is a tech giant with businesses cutting across several areas which consumers rely on. The company currently ranks as one of the firms that have the most expensive share, and the growing clamor for a stock split, a call, currently stalled with the earlier announcement of a change in the Chief Executive Position. While the stock split is not necessarily a drawback for the growth of the firm, its implementation is likely to fuel new interests.

Amazon Prime Day and Two Reasons Why Investors May Be Bullish on AMZN Stock

There are three key areas that inform the likelihood of a continued upsurge in Amazon shares, and these are outlined below.

Amazon Prime subscribers are one of the major livewires of the e-commerce giant, with revenues from this service a key aspect of Amazon’s business. There is a scheduled annual “Prime Day”, which is scheduled for June 21-22. This event represents one of the major shopping events of the year and is projected to bring in massive quarterly sales for the company.

With the stock market almost always influenced by growth, irrespective of the quarter its coming from, the stock price may see new bullish moves soon.

Amazon is gaining a good amount of traction when it comes to content streaming per its video services. While Netflix Inc (NASDAQ: NFLX) is arguably one of the biggest players in the streaming world, Amazon Video Prime is set to get new blockbusters this July, a development that can impact stock growth indirectly.

One of the highly anticipated moves, “The Tomorrow War” will begin showing on 2nd July and is billed to feature the star Chris Pratt who will be in the role of a soldier. Other movies in the pipeline include “Making the Cut” and “Luxe Listing Sydney,” all geared to help Amazon keep track of the competition and stay relevant.

Amazon was amongst the biggest beneficiaries during the COVID-19 pandemic and has continued to dominate the e-commerce ecosystem. While the trends in its relevance in this space are not all reflective in its share price, the company still maintains the lead ahead of the competition and serves as the ultimate cushion for its other products and services.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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