Latest news with #CoinCorner
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Amboss Launches Rails: Empowering Bitcoin Yield and Lightning Network Growth
NASHVILLE, Tenn., May 29, 2025 /PRNewswire/ — Amboss, a leader in AI-driven solutions for the Bitcoin Lightning Network, today unveiled Rails, a self-custodial Bitcoin service designed to enhance asset utility. Developed for companies, custodians, and high net worth individuals, Rails enables participants to put their Bitcoin to work while contributing to the performance and scalability of the Lightning Network. This launch marks a significant step forward in creating decentralized, reliable payment infrastructure for the Bitcoin ecosystem. Rails introduces a secure, innovative way for participants—termed Liquidity Providers (LPs)—to maintain full custody of their Bitcoin while generating returns through payment routing and liquidity leases. By integrating Amboss' advanced AI technology, Rails enhances the Lightning Network, enabling faster, more dependable transactions and supporting larger payment volumes. 'Rails is a transformative force for the Lightning Network,' said Jesse Shrader, CEO and Co-Founder of Amboss. 'It's not just about yield—it's about enabling businesses to strengthen the network while earning on their Bitcoin. This is a critical step in Bitcoin's evolution as a global medium of exchange.' Launch Partners and Network Impact Amboss has partnered with leading Bitcoin industry players, including CoinCorner, LQwD, and Flux (a joint venture between Axiom and CoinCorner), to bring Rails to market. CoinCorner, a pioneer in Lightning Network adoption, has integrated it into its exchange operations and everyday payment systems across the Isle of Man. LQwD, a key player in Bitcoin infrastructure, and Flux, combining Axiom's and CoinCorner's expertise, share a mission to expand the Lightning Network's role in global payments. Their involvement underscores the industry's confidence in Rails' potential to drive Bitcoin's scalability. 'Rails offers a practical way for businesses like ours to participate in the Lightning Network's growth,' said David Boylan, CFO of CoinCorner. 'We've been using the Lightning Network for years, and Rails provides a structured approach to engaging with its economy, particularly through liquidity leasing and payment routing. This aligns with our goal of making Bitcoin more accessible and practical for everyday use.' The Critical Role of Liquidity Liquidity is the backbone of the Lightning Network, ensuring smooth and efficient transaction routing across its nodes and channels. Rails empowers Liquidity Providers to contribute to this vital resource, enhancing the network's capacity to support high-value, reliable payments. By addressing liquidity demands, Rails not only creates yield opportunities for participants but also fortifies the infrastructure that makes Bitcoin a viable medium of exchange for businesses worldwide. How Rails Works Rails enables participants—known as Liquidity Providers (LPs)—to maintain full custody of their Bitcoin while accessing the Lightning Network economy. Yield opportunities arise from activities like liquidity leasing and payment routing, though returns are not guaranteed. The service includes: Rails LP: For high net worth individuals, companies with Bitcoin treasuries, and custodians, requiring a minimum of 1 Bitcoin committed for at least one year. Liquidity Subscriptions: For businesses receiving Bitcoin payments, offering cost-effective solutions with fees as low as 0.5%. Getting Involved Interested parties can explore Rails and participation details at For media inquiries, users can contact 21M Communications at phil@ About Amboss Amboss Technologies harnesses machine learning, including reinforcement learning on network graphs, to develop intelligent tools for the Lightning Network. With over five years of data-driven insights, Amboss drives network growth and unlocks new opportunities as Bitcoin scales globally. About CoinCorner CoinCorner is a leading Bitcoin exchange and payment provider committed to simplifying Bitcoin adoption. A pioneer in Lightning Network usage, CoinCorner continues to innovate in the Bitcoin space. ContactFounderPhil21M Communicationsphil@ Photo:
Daily Mail
15-05-2025
- Business
- Daily Mail
Britons go mad for bitcoin: Here's who is most likely to buy it and how much they hold
Have you been caught in bitcoin mania in recent times? You're not alone. Geopolitical tensions, economic uncertainty and growing institutional acceptance have sent the price of the cryptocurrency soaring over the past year. Growing numbers of investors and speculators have - rightly or wrongly - used bitcoin as a hedge against market turmoil. Now, a new report shows more Britons are buying bitcoin at a faster pace than other cryptocurrencies, and it's not just the under-25s getting a slice of the action. Bitcoin reached a new high in March 2024 after the Securities and Exchange Commission accepted Bitcoin spot ETFs, before falling back in April for Bitcoin's halving event. In late 2024, more investors flooded the market following Trump's re-election and Bitcoin broke the $100,000 barrier. It has traded around this mark and is currently trading at $103,000. Bitcoin-only exchange Coin Corner says that 51 per cent of its UK customers have been buying and selling the cryptocurrency for three or more years. It's not just a one-off for these investors, who are not young risk-takers but, on average, aged between 35 and 54 years old. It contrasts with a report by the Financial Conduct Authority (FCA) at the end of 2024, which found that 24 per cent of investors are aged between 18 and 34. It is still dominated by males, with just 14 per cent of females using Coin Corner to buy and sell Bitcoin. A north-south divide has also emerged, with nearly two-thirds of transactions happening in the South, with London having the highest volume. Just under a third of the transactions came from the North, while 10 per cent came in the Midlands. London had the highest transactional volume and generally, users in the South led the way with two-thrids of transactions taking place there. Just 10 per cent of transactions came from the Midlands. Bullish investors hold onto their crypto The vast majority (88 per cent) of Coin Corner users have bought bitcoin more than once and investors are bullish, with 86 per cent of all transactions being buys, while just 14 per cent of transactions were investors selling. While the average customer bought £412 of bitcoin last year, some investors bought as little as £5 while others pile thousands of pounds into the cryptocurrency. Coin Corner says the highest buy on its platform was £118,000. The average amount of bitcoin sold was much higher at £5,513, while others took out as much as £1.6million. As expected, buy and sell activity closely follows bitcoin's price fluctuations, with a significant increase in selling volume in March 2024 and later in the year as prices surged. While some investors are reacting to the volatility, Coin Corner says 51 per cent of its customers have never sold their bitcoin. Meanwhile, as of the end of last year, 97 per cent of holders were in profit - that compares to just 13 per cent of holders in 2022. The amount held in the wallets fluctuates, but assuming bitcoin at £75,000 ($99,000), just over half of investors hold bitcoin worth up to £1,000. Some 19 per cent of investors held between £1,000 and £5,000, 7 per cent sat on bitcoin worth between £5,000 and £10,000, while 18 per cent owned over £10,000 worth.
Yahoo
06-03-2025
- Business
- Yahoo
Bitcoin fans have their doubts about Trump's crypto reserve plan
President Donald Trump said five cryptocurrencies would be included in a strategic reserve. Bitcoin, ether, XRP, Solana, and Cardano are all on the list. Critics have questioned the inclusion of lesser-known coins, suggesting bitcoin would be a better choice. President Donald Trump's plan to include five coins in a national strategic reserve has sparked a fierce debate in the crypto world. Some commentators think including XRP (Ripple), Solana, and Cardano alongside bitcoin, the biggest cryptocurrency, and ether poses risks. Brian Armstrong, cofounder and CEO of Coinbase, was unsure if having a number of cryptos included in the reserve was the best approach. "Just Bitcoin would probably be the best option," he wrote in a post on X this week, adding that it offered a "clear story as successor to gold." Danny Scott, CEO of UK-based crypto exchange CoinCorner, told Business Insider that other countries would not be interested in buying XRP, Solana, and Cardano. "Bitcoin makes sense because it isn't controlled by anybody in the world," he said. "It isn't controlled by an entity. There is no company for bitcoin, there's no CEO for bitcoin. It makes no sense as a strategic reserve to buy something that nobody else in the world is going to buy." Tyler Winklevoss, the cofounder of the Gemini crypto platform along with his brother Cameron, said on X he had "nothing against" XRP, Solana, and Cardano, but didn't think they were "suitable" for a strategic reserve. "Only one digital asset in the world right now meets the bar and that digital asset is bitcoin," Winklevoss said. David Marcus, co-creator of a crypto project that was discontinued at Facebook, said on X in response to Winklevoss: "Most — if not all — of the non-conflicted industry leaders are agreeing about this." Anthony Pompliano, a crypto commentator and entrepreneur, described the shape of the reserve as an "unforced error." He wrote on Substack this week that rather than setting up a reserve with the relative stability of bitcoin, "we seem to be getting a random smattering of speculative tools that will enrich the insiders and creators of these coins at the expense of the US taxpayer." Bitcoin was trading at about $90,000 on Thursday after dipping as low as about $78,640 in the past week amid choppy crypto trading. Read the original article on Business Insider Sign in to access your portfolio
