CryptoCompare’s latest Asset Report details that while the price of Bitcoin fell 37.4% in June to close the month at $19,908, its Lightning Network – a layer-2 scaling solution designed to make BTC transactions as fast and cheap as possible – saw its capacity grow to stand at 4,96 BTC at the end of June.
The largest bank in Russia, Sberbank, whose majority stakeholder is the country’s government, has conducted its first digital asset transaction on its own blockchain-based platform.
Leading stablecoin issuer Tether has said it “has never and will never put the integrity of its reserves at risk” as it shared details of an investment in the embattled cryptocurrency lender Celsius, noting the investment was a “minimal part of its shareholder’s equity.”
Netherlands-based ING Bank has spun off its cryptocurrency custody and post-trade infrastructure platform Pyctor, which is now becoming a service offering within GMEX, a trading technology platform.
Top stories in the Crypto Roundup today:
- Bitcoin Lightning Network’s Average Daily Capacity Hits All-Time High
- Russia’s Largest Bank Conducts Fist Digital Asset Transaction on Its Blockchain
- Tether Liquidates Celsius Bitcoin Loan With ‘No Losses’
- ING Bank Spins Off Its Crypto Custody Platform