Kraken connects to the Lightning Network

18. Dezember 2020

Bitcoin, lightning fast – Kraken connects to the Lightning Network

When the octopus falls in love at first sight – While the Bitcoin (BTC) Lightning Network (LN) continues to evolve slowly, more and more players are trying to join the network. This is now the case of the Kraken cryptographic exchange platform, which announces the integration of Bitcoin’s Lightning Network as of next year.

A Kraken team dedicated to the BTC secondary network

In an announcement published on 16 December, the Kraken crypto stock exchange explains that it will soon integrate Bitcoin Machine network into its platform, which will enable it to bring new functionalities and services to its customers.

„In 2021, we are committed to recruiting a team dedicated specifically to the Lightning Network as part of our ongoing efforts to provide the best possible experience for our traders and investors. »

The Lightning network is a second layer solution, parallel to Bitcoin’s main blockchain, which will make it possible to greatly increase the number of transactions per second, while making these transactions almost immediate. The perfect recipe for making the countless micro-payments of everyday life

In the first half of 2021, Kraken plans to first allow customers to withdraw and deposit BTCs present on the Lightning Network. This will enable them to move their bitcoins quickly, with extremely low transaction costs.

However, the crypto stock exchange does not intend to stop there, and even sends out a small recruitment message (with a link to an application form):

„But easier deposits and withdrawals are just the beginning of the additional features we want to offer. By joining the Kraken Lightning network team, you can shape the future of programmable payments with digital currency.

With 15,145 nodes, nearly 36,000 payment channels, and more than 1,061 Bitcoins on its network today (over $24 million at the time of writing), Bitcoin’s Lightning Network continues to grow well, although it should be noted that it is still in an experimental phase at the moment.

Bitcoin, Ripple, Bitcoin Cash and Ethereum

21. September 2018

The Bitcoin price on the 1-hour chart is still in a downward trend and is floating within a bearish trend line
Technical indicators indicate that the sell might continue.
The Bitcoin price is showing bearish momentum and may be under more selling pressure. Furthermore, another 1,000 Bitcoin was moved today on Mt Gox’s account.

Technical Indicators Signals

The 100 SMA is below the longer-term level of 200 SMA on the 1-hour chart, signaling that the path of least resistance to the downside is taking place. This suggests that the downtrend will continue. The gap between the moving averages is also widening, reflecting the sell momentum. The RSI is at the 50 level and signals a relatively balanced momentum between buyer and seller.

Bitcoin Chart from

TradingViewApparently last week’s news wasn’t strong enough to push the Bitcoin price above $10,000. We have already reported that the Mt. Gox accounts have moved, have moved and have contributed to the sellout. In addition, the largest South Korean stock exchange, Upbit, has been audited by local authorities. While the FED published a report in which the fall in prices since December 2017 is due to the introduction of the Bitcoin futures.

Bitcoin Cash Price Highlights

Bitcoin Cash Recently Recovered but Could Not Break the $1,500 Resistance
There was a breach below a triangle pattern on the hourly chart with support at $1,450 an ounce.
BCH could fall towards the support levels of $1,380 and $1,360.
BCH could drop further if support levels are breached.

Technical Indicators Signals

The weekend saw a slight rally as Bitcoin Cash moved above the $1,450 resistance. However, BCH was unable to overcome the resistance at $1,500 an ounce, which previously served as a support zone. In addition, the 100-hour SMA, currently at $1,490 an ounce, was another major hurdle for buyers. During the slide, there was a breach below a short-term triangular pattern with support at $1,450 on the hourly chart. Bitcoin Cash could further decline if the price falls below the next large supports of $1,380 and $1,360.