Second Vulnerability in Bitcoin’s Lightning Network Discovered

Key Takeaways Lightning developers have discovered a vulnerability in the project’s node software. The vulnerability does not seem to have been exploited yet. More details will be revealed by developers in the coming weeks. Share this article Developers have found a new vulnerability in the Bitcoin Lightning Network’s node software, according to a recently published disclosure notice. Few Details Have Been Revealed Lightning developer Conner Fromknecht disclosed the issue on Oct. 9 on the project’s mailing lists. The disclosure advises node operators to upgrade their software as soon as possible.…

Ledger wallet company passes official security audit

Ledger, a crypto company providing a number of hardware wallet solutions, has obtained a successful System and Organization Controls, or SOC, Type 1 test.   Friedman LLP, a New York-based accounting firm, ran the SOC 2 Type 1 test on Ledger, according to a statement provided to Cointelegraph: “By obtaining the SOC 2 Type 1 report, we are now able to provide an additional layer of verified security to our clients, assuring that the Vault solution is secured at all times and that we have the processes in place to ensure…

Blockchain may solve Twitter and Facebook’s moderation issues says Aragon exec

Aragon co-founder Luis Cuende told Cointelegraph that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter.  In recent months, content moderation practices employed by global social media platforms have been criticized by people across the political spectrum. Libertarian-leaning constituencies tend to criticize them for essentially instituting politically correct censorship while the liberals contend that they are not doing enough to filter offensive content. To this point, yesterday, the FBI charged six individuals with a plot to kidnap…

Police and thieves on their screens, Oct 2–9

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Historians typically date the birth of international policing as we know it today to the 1800s, a response to the explosion in nationalist movements and non-governmental political radicalism in Europe. Just as new linking technologies like the telegraph and the steam engine aided and abetted new networks of political deplorables and any number of Sherlock Holmes plots, the explosion of communications tech of the last quarter-century has brought about…

who will win the digital currency war?

Co-founder and managing partner at Electric Capital, Avichal Garg, is convinced the only way for the U.S. to catch up with China in the digital currency war is by embracing privacy-focused cryptocurrency. According to Garg, the Chinese are already far ahead of the U.S. in the digital currency race – their DCEP, or Digital Currency Electronic Payment, is due to launch by the end of the year. That is why developing a US digital dollar might not be enough to compete, given the long time it will take to develop…

Digital identity is the future, US congressman Bill Foster says

Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association on Friday — a Chicago-based group focused on regulatory clarity and industry security — U.S. Representative Bill Foster explained the importance of a “secure digital identity.”  “You can have the most rock-solid cryptographic guarantees of a blockchain or equivalent and it doesn’t do you any good if people are fraudulently participating on it under anonymous names,” Foster said during his brief speech at the event. He mentioned trading as an example, noting some less-than-honest characters in the…

Square’s Bitcoin Investment Made $2 Million Over The Last 24 Hours

Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had purchased 4,709 BTC to add to company reserves. Since the news broke about the payment firm’s innovative corporate investment – a growing trend now – the cryptocurrency has risen 4%, adding an enormous sum in ROI to Square’s holdings. Here’s what it could mean for the market, and if a domino effect is beginning with this latest development. Square Inc. Invests In Bitcoin, Discloses Purchase Of Over 4700 BTC Just like in…

Biden election would be good for Bitcoin, bad for DeFi

The latest Bloomberg crypto newsletter contends that the election of Joe Biden would bring greater mainstream adoption of Bitcoin (BTC), including a potential ETF approval. Further, it referred to the Trump administration’s policies with regard to crypto as “hands-off”: “A potential Joe Biden presidency should shine favor on further appreciation in the price of Bitcoin, in our view. New leadership may change the hands-off policy of the Trump administration — to the detriment of the broader crypto market — and nudge the firstborn benchmark toward the mainstream, improving chances for an…

Bullish trend reversal underway as Bitcoin price holds above $11,000

Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal. The potential catalysts are whale accumulation, a spike in institutional demand, and the strength of the $10,500 support. Whales are either accumulating or refusing to sell Earlier this week, Cointelegraph reported that activity within whale clusters pointed to strong buying demand from Bitcoin and Ethereum whales. In the cryptocurrency market, individual investors who hold immense amounts…