🦾 Crypto fan shows his dedication to BTC by having a Lightning Network chip implanted in his hand

🦾 Crypto fan shows his dedication to BTC by having a Lightning Network chip implanted in his hand 🥶 $3 billion outflow from Binance: what's behind this massive crypto exodus? 🤠 No more wild rides for Canadian crypto traders

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🦾 Crypto fanatic shows his dedication to BTC by having a Lightning Network chip implanted in his hand

🥶 $3 billion outflow from Binance: what's behind this massive crypto exodus?

🤠 No more wild rides for Canadian crypto traders

Crypto fan shows his dedication to BTC by having a Lightning Network chip implanted in his hand

A fervent crypto fan had a Lightning-enabled chip surgically implanted in his left hand so that he could make Bitcoin payments. So if you thought you were hardcore crypto fan, think again!

The man who goes by the alias F418 said that he did it to show his commitment to the Lightning Network. He doesn't recommend that everyone follows in his footsteps, though. He says it was just meant to show that the technology is possible and you can get pretty creative with it.

It's impressive enough already, but what makes this implant even cooler is how it works. All F418 has to do is hold his hand near a compatible reader and it will detect the NFC chip and initiate the payment. No need to carry a phone or card around – it's right there in his hand. He also said that it's the wow factor that really makes it stand out.

We'd rather wear a t-shirt or something but to each their own! That certainly isn't the craziest thing we've ever seen someone do for crypto.

It's clear that Bitcoin enthusiasts come in all shapes and sizes and it's nice to see they're really passionate about their projects. But to be fair, your wallet doesn't need to be surgically implanted in your hand for you to be a member of the crypto community. You just have to put in the time and effort to learn more about it.

$3 billion outflow from Binance: what's behind this massive crypto exodus?

Nansen, the crypto analytics portal, is reporting that the great cryptocurrency exchange Binance saw a massive outflow of funds in the last 24 hours. Yes, you read that right - $1.6 billion, just gone! And if that wasn't bad enough, it gets worse: Nansen reports that over the last seven days there's been an almost-$3 billion outflow.

That's even worse than when investors fled centralized platforms during the FTX collapse just over a month ago. At that time, Binance saw a staggering $2.3 billion outflow in a week. We guess it's true what they say - when the going gets tough, the crypto investors get going.

But before everyone starts panicking, let us put things into perspective. The spike in outflows was probably triggered by a Reuters article about the U.S. prosecutor's office considering charging Binance and its executives with money laundering and sanctions violations. CZ said it best: it's just FUD (fear, uncertainty and doubt).

It's also worth noting that Jump Trading and Wintermute Trading, two of the world's largest crypto market makers, may have played a role in this outflow. Nansen reveals that Jump Trading withdrew $146 million from Binance, while Wintermute transferred almost $150 million to the exchange from Coinbase.

Ultimately, all we can do is sit back and watch. The crypto market moves fast, and Binance is no stranger to massive outflows of funds. Hopefully this latest FUD campaign does not turn into a long-term trend for the exchange.

No more wild rides for Canadian crypto traders

Ah, Canada. The home of maple syrup, hockey, and now...regulation for crypto exchanges? Canadian authorities sure know how to keep their users "safe"!

The newly-announced regulations by the Canadian Securities Administrators (CSA) mean that crypto exchanges must segregate user funds from operational cash and stop offering leverage to margin traders. That's right - no more high-risk, high-reward trades.

Crypto trading platforms must also hold Canada-based users’ assets with an “appropriate” qualified custodian, whether they're regulated in Canada, the US or any other similar jurisdiction. Margin trading restrictions have been implemented in other countries too, like Singapore, and it looks like Canada has followed suit with its own set of rules.

But that's not all. CSA regulators have warned crypto exchanges not to facilitate any cryptocurrency that may be considered a security - which could include stablecoins. It's unclear exactly when these new provisions will take effect, but one thing is for sure: Canadian crypto traders can expect some changes to the way they conduct their trades in the near future.