Daily Crypto News 28 September

Following a rise in acceptance, the Lightning Network, Bitcoin's premier layer-two solution, has seen its node count reach new highs. The number of Lightning Network nodes surged by 160% in September, reaching a new high of 15,600. Only 6,000 Lightning Network nodes were operational by the end of August. The number of channels on the Lightning Network, or connections between different nodes, has also reached a high of 73,000, corresponding to an average of 4.6 channels per node, according to the report. As of September 26, Bitcoinvisuals reported an average of 9.3 channels per node. At present pricing, the network's capacity is at an all-time high of 2,904 BTC ($123 million). The achievement represents a 170% growth in capacity since January, with around 22% (514 BTC) added to the network in September alone.

 

 

After more than six years as president and chief executive officer of the Federal Reserve Bank of Dallas, Rob Kaplan will step down. The Dallas Fed announced on September 27 that Kaplan, its 13th president and CEO, would step down on October 8. In making his decision to stand down, the 64-year-old noted recent attention to his "financial disclosure risks," most likely alluding to news outlets reporting that he traded stocks in Apple, Alibaba, Amazon, Facebook, Google, and Tesla in 2020 while voting on US monetary policy. The president of the Dallas Federal Reserve has denied any wrongdoing, claiming he "adhered to all Federal Reserve ethical standards and rules." “My security investing activities and disclosures met Bank compliance regulations and standards,” he stated. On the national stage, Fed Chair Jerome Powell stated that the government agency was still uncertain on a digital currency, but that a discussion paper would be released on the topic. When it comes to implementing a CBDC in the United States, Powell has repeatedly stated that it is more important to "do it right than to be first."

Alibaba, the world's largest e-commerce company, stated on Monday that it will stop selling specialized mining equipment on October 8. However, the corporation stated that it is also considering the “instability of rules and regulations” regarding cryptocurrency around the world. The policy guidelines released on Friday left no room for interpretation, prohibiting all crypto transactions and stating that mining will be phased out.

 

 

The first Dolce & Gabbana NFT Collection has already received over $2 million in bids. The auction for Dolce & Gabbana's Collezione Genesi digital products concludes tomorrow. Five of the nine components, which are supposedly “wearables” that can be utilized in the metaverse, include both a physical and digital version. This is the first time high fashion has collided with NFTs, but it won't be the last. Aside from the competitors who will undoubtedly emerge shortly, Dolce & Gabbana is preparing a lot more in this industry.