Details of a previous Electrum wallet hack surfaced following the massive 1,400 Bitcoin (BTC) theft that hit headlines a few days ago. "I had a similar situation 2 months ago," a Github user named Cryptbtcaly posted on the social media platform on Aug. 31. The user claimed someone pilfered 36.5 BTC from one of their wallet addresses. The BTC reportedly ended up spread across five different addresses. "Some of the stolen Bitcoin went to Binance, but they ignore my appeals and do not return," cryptbtcaly added. Details of a larger hack surfaced on Aug. 30, when a different Githubber reported …
Bitcoin (BTC) wallet Electrum will soon host support for the Lightning Network (LN), Russian cryptocurrency news outlet Forklog reported on Telegram July 5. In a social media update, the publication said founder Thomas Voegtlin had revealed the upcoming release at the ongoing BIP001 conference in Odessa, Ukraine. Electrum, one of the oldest bitcoin wallets on the market since 2011, said LN functionality would come as part of an impending major upgrade. The most recent version of the wallet came earlier this week. Electrum will be one of the first major wallets to bring LN to the mainstream, the technology itself …
The Tor Project, the nonprofit organization behind the anonymous network Tor, announced that it now accepts Bitcoin (BTC) donations via the Lightning Network. The organization announced on Nov. 19 that it will accept Lightning Network donations as part of Bitcoin Tuesday, a fundraising initiative led by the crypto-for-charity organization The Giving Block. Tor recommended the BottlePay wallet for donations, which allows users to search for The Tor Project inside it and send crypto without copying and pasting addresses. The Lightning Network is a layer-2 payment protocol for the Bitcoin network that aims to expedite payments and address the network’s scalability …
Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than any bank in El Salvador” after just three weeks in operation. Bukele indicated that it’s only a matter of time before Chivo adoption eclipses all banks in El Salvador combined. 2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads). Chivo is not a bank, but in less than 3 …
Blockchain development company Lightning Labs announced that it released the first alpha version of its Lightning Network (LN) client for the main bitcoin (BTC) network, according to a blog post published on April 23. The announcement specifies that this is still an early version aimed at testers and developers willing to start experimenting with the software. The developers also warn that the users should not put more funds into the app than they are willing to lose. Furthermore, while the release supports macOS, Windows and Linux, the post also specifies that it is an important stepping stone in the development …