• Coinbase – the largest and most popular crypto exchange in the U.S. – has confirmed it’s going to be integrating the bitcoin Lightning Network onto its platform.
• The Lightning Network is designed to help move various (smaller) bitcoin transactions off-chain, thus ensuring the network has less baggage to deal with.
• Coinbase recently announced it received a Wells notice from the Securities and Exchange Commission (SEC).
Coinbase Integrates Bitcoin Lightning Network
Coinbase – one of the largest and most popular crypto exchanges in the U.S. – has announced plans to integrate Bitcoin’s lightning network into its platform. This will allow for faster transaction speeds and lower costs associated with transferring Bitcoins between wallets.
What is The Lightning Network?
The Lightning Network is a protocol designed to move small Bitcoin transactions off-chain, reducing congestion on mainframe networks and allowing for faster transfer speeds between wallets. By removing some of these smaller transactions, Bitcoin can quickly travel through networks without having to process every single transaction manually.
Coinbase Receives Wells Notice from SEC
This news comes at an interesting time as Coinbase recently received a Wells notice from the Securities and Exchange Commission (SEC). A Wells notice does not charge any crime but instead serves as a warning that charges may be brought against a company in the future; giving them time to prepare legal defenses ahead of time if needed.
Crypto Industry Bullied by SEC?
The SEC appears to have been targeting crypto firms such as Kraken which was forced to pay $30 million penalty fee and end all its staking services despite admitting no guilt. This could be seen as an attempt on part of SEC in order to discourage crypto innovation within U.S boundaries by hitting them with hefty fines or penalties instead of providing proper regulations or guidelines concerning their operations within U.S jurisdiction..
Excitement Over News
Despite this, there is still excitement over news involving Coinbase’s integration of lightning network among experts in Crypto space such as Gabor Gurbacs who tweeted “Looking forward seeing Lightning support on Coinbase” following announcement made by Brian Armstrong – CEO of Coinbase on Twitter about their plans regarding integration of lightning network onto their platform .