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The most important crypto news of the last week

by Margharet Tess
April 11, 2022
in Crypto News of the Day
Reading Time: 2 mins read

Table of Contents

  • Strike enables Lightning payments for McDonald’s and Co.
  • ETH founder donates $5 million to Ukraine
  • Binance goes to Switzerland
  • Volksbank Raiffeisenbank enables BTC trading
  • Elon Musk is the largest Twitter shareholder

Another exciting week in crypto space is coming to an end. The most important events around BTC and Co. at a glance.

Strike enables Lightning payments for McDonald’s and Co.

By integrating online store service Shopify, payment processor Strike is paving the way for mass adoption in the Lightning Network. Will we soon be paying for our weekly groceries in BTC?

The integration would allow all retailers using Shopify to accept payments in BTC. However, these will be exchanged for US dollars as part of the transaction press release. Shopify has around 1.7 million merchants in over 175 different countries.

ETH founder donates $5 million to Ukraine

Vitalik Buterin has donated $5 million to aid projects in Ukraine — without making a fuss about it.

750 Ether went to Unchain Fund, as the aid project announced in a tweet on April 6th. Buterin donated another 750 Ether to Aid for Ukraine, an aid fund set up by Ukraine’s Ministry of Digital Transformation.

Binance goes to Switzerland

Binance opens a new subsidiary in Switzerland. This was revealed exclusively by the Head of DACH of the crypto exchange BTC-ECHO. Specifically, it is about the opening of a new subsidiary – Binance Switzerland Exchange Ltd.

In general, Binance Europe is currently building various entities in the respective European jurisdictions, the Head of DACH revealed at the crypto exchange.

Volksbank Raiffeisenbank enables BTC trading

Kurpfalz goes crypto: The Volksbank Raiffeisenbank lets the first private customers trade with BTC and Co. The offer should be expanded. So far, the offer has only been available to “high-end private customers”, but it will soon be extended to all private customers.

The actual trading is now taking place via the Stuttgart Digital Exchange (BSDEX). A two-digit number of customers are said to already be using the service.

Elon Musk is the largest Twitter shareholder

With a stake of around 2.4 billion US dollars, Tesla boss Elon Musk has risen to become the largest Twitter shareholder. However, the investment does not even represent one percent of the portfolio share of the richest person in the world – over 99 percent make up his shares in the electric car manufacturer Tesla.

Musk had previously started rumors about his own social media platform, but with the recent share acquisition, they are now off the table. It remains to be seen what Musk’s involvement in Twitter will mean for the crypto sector.

Is LUNA a giant Ponzi scheme?

  • Author
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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
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