Specialist lawyer Lutz Auffenberg and his law firm Fin Law have specialized in the field of fintech and innovative technologies. In particular, blockchain technology and its regulation are the focus of his activities.
Specialist lawyer Lutz Auffenberg and his law firm Fin Law have specialized in the field of fintech and innovative technologies. In particular, blockchain technology and its regulation are the focus of his activities.
Not only private investors, but more and more institutional investors see Bitcoin as a store of value with a future. Wouldn’t it be the next logical step for central banks to jump on this bandwagon as well? At least this is the opinion of Dr. Sven Hildebrandt, who started a petition to establish Bitcoin as a strategic asset at the Deutsche Bundesbank.
How do ECB President Lagarde and US Treasury Secretary Yellen feel about cryptocurrencies? Both warn of a lack of regulations, but are not fundamentally opposed to digital money.
Tesla’s entry into Bitcoin made waves. For many, it is only a matter of time before other large US corporations follow suit. Is Amazon Coming Next?
Twitter CEO Jack Dorsey and rapper Jay-Z have launched a Bitcoin fund that aims to improve the spread of BTC in emerging markets and manifest Bitcoin’s reputation as an internet currency.
Enjin (ENJ) and Microsoft have launched a browser game in which players are rewarded with non-fungible tokens (NFT). In addition, gamers can use the purchased NFT items in Minecraft.
The developers of the Lightning Network recommend an immediate upgrade to version 0.11 or higher. All node operators of the Lightning Network who are using an LND version from before October 1st are asked to immediately upgrade to version 0.11. The reason for this is that a security hole was found in LND version 0.10, which also affects all versions before that.
The corresponding security hole was communicated on October 9th by Lightning developer Conner Fromknecht. In this regard, he explains:
“Although we have no reason to believe that this vulnerability is already being exploited, we urge the community to immediately update to LND version 0.11 or higher.”
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Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At least two other entirely independent companies are working on Lightning Network implementations [3][4]. It’s well understood how trustless LN transactions work [5]. The spec [6] and code are open source, feel free to look for a “backdoor”.
[1] https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-frequency_transactions
[2] https://lightning.network/lightning-network-paper.pdf
[3] https://github.com/lightningnetwork/lnd
[4] https://github.com/ACINQ/eclair
https://github.com/bcongdon/awesome-lightning-network
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