NEW: Bitcoin Lightning Network transactions through Coingate | Laraxen on Binance Square

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NEW: Bitcoin Lightning Network transactions through Coingate, a crypto payments processor, saw an increase of 34% in June compared to Q1, 2024.
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Telegram CEO Durov broke his silence: First statement after detention Telegram CEO Pavel Durov, who was detained in Paris and released four days later, broke his silence. Durov stated that he was surprised by this development. Telegram's CEO Pavel Durov spoke for the first time after four days of detention and release in Paris. In the message he shared on the Telegram channel, Durov stated that he was questioned by the police in Paris for four days and that French authorities tried to hold him responsible for the illegal use of Telegram. Stating that he was surprised by this development, Durov emphasized that Telegram has an official representative in the European Union and that there are many ways that the authorities can reach it. Durov wrote: “The French authorities had many options to reach me. As a French citizen, I was in regular contact with the French consulate in Dubai and personally helped establish a hotline with Telegram to fight terrorism in France.” Durov argued that it was a wrong approach to accuse a CEO of crimes committed by third parties on the platform he runs by implementing pre-smartphone laws. In the continuation, “It is already difficult to develop technology. Innovators will not develop new technologies if they are personally held accountable for their possible abuse," he said. Durov stated that Telegram has a firm stance on maintaining the balance of privacy and security, and reminded that they have withdrawn from these countries as a result of disagreements with governments in Russia and Iran in the past: “When Russia asked us to deliver the passwords, we denied it and Telegram was banned. In the same way, when they asked us to block the channels of peaceful protesters in Iran, we rejected it. We are always ready to withdraw from markets that do not comply with our principles.”

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Ripple CEO gave the good news: Coming soon $XRP Brad Garlinghouse, the famous CEO of Ripple, the company behind XRP, spoke at South Korean Blockchain Week. Garlinghouse said they will take out the company's stablecoin in a few weeks. The US executive stated that he is "more optimistic than ever" for cryptocurrencies on the basis of the next 5 years. Ripple CEO Brad Garlinghouse gave him a few weeks for their stablecoins that will be tied to the dollar. Speaking at Blockchain Week in South Korea, Garlinghouse said, "There are only weeks for the stablecoin, not months." “We saw the opportunity when USDC lost the pair” Stating that they are about to finish the trial stages of their new stable coin, RLUSD, Garlinghouse also used the following statements: “In fact, we saw an opportunity here when USDC fell below 1 dollar in last year's banking crisis. We said, 'This world needs a reliable player who already does business with many financial players'” As it will be remembered, USDC, issued by Circle, experienced various challenges in the banking crisis in March 2023 due to its assets in the bankrupt Silicon Valley Bank. The parity, which had to depend on $1, had fallen to $0.80. Circle's assets of approximately 3.3 billion dollars were in this bank. With the US government stepping in and guaranteeing deposits, the atmosphere calmed down and the USDC parity returned to 1 dollar again. While Gary Gensler continued his criticism at the conference, Garlinghouse also stated that the Ripple company does not have an IPO plan for now. Expressing that he is more optimistic than ever for the next 5 years, Garlinghouse said, "I think there will be clarity and clarity in crypto again, even if it is not by the SEC, by the elected new government."

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Major AAVE whale admits loss and sells all tokens: 3.5 years of wait is inconclusive While the altcoins, which could not keep up with the rise of Bitcoin in 2024, continued to lose value in yesterday's market declines, an AAVE whale sold from the 3.5-year wait to a loss. The whale lost its entire $4 million investment. While the cryptocurrency world expected the Fed to start interest rate cuts as soon as possible, September began with a decline, as in the statistics. While Bitcoin fell below 56 thousand dollars last night, the meltdown in altcoins was also much greater. The market value of the altcoin index, known as TOTAL3, which excludes Bitcoin, Ethereum and stable coins, has dropped to 540 billion dollars. The whale couldn't stand it and sold it An investor who received more than 4 million dollars worth of AAVE in the rising periods of 2021 made sales with great losses at the end of his 3.5-year wait. According to the information given by the on-chain tracking platform Lookonchain, the investor, who had 17447 AAVes worth 2.1 million, sold all of these tokens he bought in March and July of 2021. The total loss was 2.14 million dollars. While the average of the whale is around 246 dollars, the current price of AAVE is 129 dollars. AAVE, one of the most important and most used DeFi tokens, fell to $50 in the crypto winter of 2022.

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Why did Bitcoin fall as Fed cuts approach? Bitcoin experienced a sharp decline at night and fell below 56 thousand dollars. While the declines in US markets and Asia also attract attention, experts show that the US Manufacturing Industry data is low. Friday's non-agricultural employment and unemployment data will also be critical in terms of price trend. World markets fell again in a corelan form. While Bitcoin fell below 56 thousand dollars at night, Nasdaq closed the day with 2.1% declines at 3.1% and S%P 500. In the Asian markets, the closing was also negative in Japan and South Korea. ISM data was shown as the reason Experts, on the other hand, attribute the recent declines to the Manufacturing Purchasing Managers Index data, which was announced yesterday in the USA and fell below expectations. Although the index score, which was announced as 46.8 in July, was 47.2 for August, expectations were 47.5. The fact that the index score in the manufacturing sector is below 50 indicates that this item, which constitutes 10 percent of the US economy, is shrinking. This rate, also known as ISM PMI, has always been below 50 in the last 5 months. The declines especially negatively affected technology stocks. There have been significant declines in many stocks, especially Nvidia. Nvidia lost $280 billion from its market value in the declines. After the declines, the news of the investigation opened by the US Department of Justice also drew attention.

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