📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $29,705
Bitcoin price continues to travel sideways in a small range, as price hovers once again within the $29,000s to begin Wednesday.
Top-20 altcoins have mostly seen small rises, as Ethereum gains 2%, BNB rises 3% and XRP advances just 1%.
Top Stories for May 25, 2022 🔥
Payments firm Stripe is once again enabling users to convert balances and incoming payments to Bitcoin, in a new partnership with OpenNode – a Lightning Network-based company.
The move will be the first time in four years that Stripe has provided such a feature, which was initially removed due to high network fees and slow transaction times. The company has acknowledged that the Lightning Network has provided a solution to those problems.
Stripe’s app providing the feature is expected to launch within a few weeks’ time.
Andreessen Horowitz has announced its fourth crypto-focused investment fund, this time securing $4.5 billion in capital. $1.5 billion will be allocated to seed investments, with the rest to be focused on venture investments.
In particular, the company has expressed an interest in DeFi, blockchain gaming, decentralized social media and NFTs. To date, Andreessen Horowitz has raised a total $7.6 billion for its funds.
Do Kwon’s Terra blockchain relaunch proposal has passed the governance process, finishing with 65.5% approval by the community. As a result, new LUNA 2.0 tokens will be created and airdropped proportionally to those affected by the collapse of the original chain.
The new chain is expected to launch on mainnet on Friday this week, with many of the new tokens subject to vesting periods for holders. No UST stablecoin will exist on the new network.