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Is Lightning Network Suitable For Bitcoin Deposits, Withdrawals?

A Twitter poll by bitcoin evangelist Pierre Rochard discussed whether the Lightning Network is a suitable tool for BTC transactions on crypto exchanges. Poll Signals to Lightning Network Curiosity Should Bitcoin exchanges enable Lightning deposits and withdrawals? — Pierre Rochard (@pierre_rochard) October 14, 2019 Proponents of LN believe it would be a good fit for…

Major Bitcoin Proponents Ask Court to Drop $4B Network Hijacking Lawsuit

Several prominent players tightly related to the Bitcoin Cash (BCH) cryptocurrency network asked to be dismissed from a suit over their alleged “hijacking” of the crypto coin network. United American Corp. Saw a Conspiration to Hijack the Bitcoin Cash Network The lawsuit (United American Corp. v. Bitmain, Inc. et al.), facing off United American Corp.…

Ripple Extends Banking Network With Finastra Partnership

Payment network Ripple announced Wednesday its collaboration with fintech firm Finastra. Using Ripple’s blockchain-based platform, Finastra users can now connect with the 200 partners on RippleNet, a global payments network utilizing the XRP cryptocurrency. RippleNet users also have access to Finastra’s banking partnerships, which settle millions in transactions per year, the company said in a statement.…

Ethereum 2.0 Critics Call The Entire Network “a Scam”

While the deadline for the gradual launch of Ethereum 2.0 is just around the corner, critics express concerns over potential risks and even call Ethereum a scam. Skeptics Feel Misled Over Network’s Scalability Ethereum started as an ambitious idea of a global platform to host decentralized applications (Dapps) and smart contracts. While there are many…

Bitcoin Network Experiences Slowest Block in 5 Years

The Bitcoin (BTC) network produced an unusually slow block, taking 119 minutes to discover the block number. The anomaly is happening despite the record activity of miners. Slow Block May Be a Statistical Anomaly The Bitcoin network has a 10-minute block schedule, and so far keeps within the predetermined time, with only small fluctuations. But…

Fusion Network Loses Millions in Private Wallet Hack

Millions of tokens have been stolen from the Fusion Foundation, the non-profit tasked with maintaining the network of the same name. In a blog post, the foundation said one of its wallets, containing 10 million of the Fusion Network’s native FSN tokens and 3.5 million ERC-20 FSN tokens had been drained Saturday. The thief’s haul…

Bugs Discovered in Bitcoin Lightning Network Implementations, Fixed

Blockstream core engineer Rusty Russell discovered critical Bitcoin Lightning Network bugs that were affecting C-Lightning, Éclair, and Lightning Network Daemon (lnd) implementations. Early LN Versions Failed to Check Funding Transaction Amounts Presently, three autonomous teams are working on the Lightning Network implementations: Blockstream, ACINQ, and Lightning Labs. The main objective of these teams, among other…

Blockchain-Based Protocol Tachyon Network Releases White Paper

Tachyon network, a decentralized internet protocol has officially launched its white paper which discloses details on the project background and Tachyon ecosystem. Reconstruct the TCP/IP model In a press release shared with Cointelegraph on Sept. 27, Tachyon network announced the release of its white paper revealing details on how the protocol is set to reconstruct…

RSK Creators Acquire Spanish Social Network

IOVLabs, the parent company behind RSK‘s bitcoin smart contract network, today announced its acquisition of Spanish-language social networking platform Taringa. With the deal, IOVLabs announced it will also integrate RIF, RSK’s native token, into Taringa. In a release, IOVLabs said Taringa will both integrate and test RSK decentralized applications and infrastructure. One of the largest Spanish…

A Dangerous Bug in Bitcoin’s Lightning Network Has Been Fixed

A popular payments network running atop the bitcoin blockchain suffered from a long-standing code vulnerability – one where attackers could drain users’ of their money. While initially flagged to the public on Aug. 30 by bitcoin developer Rusty Russell, the full disclosure detailing how this vulnerability could be exploited by an attacker was released Friday.…