lightning-network

When The Block last covered Sparkswap, the bitcoin startup had just raised a $3.5 million seed round to build a non-custodial cryptocurrency exchange on the Bitcoin Lightning Network using Atomic Swaps. Today, Sparkswap is announcing support for the U.S. dollar—enabling users to buy bitcoins directly from their Sparkswap Lightning wallet. “We’ve long wanted to support […]

As Bitcoin Lighting Network users await details regarding a security vulnerability found on the network late last month, developers are now warning that the vulnerability has been exploited. According to Olaoluwa Osuntokun, CTO at Lightning Labs, and ACINQ, a Lighting Network development firm, there are “confirmed instances of the vulnerability being exploited in the wild.” […]

Blockchain startup Radar, best known for running a decentralized exchange (DEX) over ethereum, is expanding its influence in bitcoin and wants to “the homepage of the Lightning Network,” according to Radar CEO Alan Curtis.  The company launched on Tuesday an app store that collects all applications built on Lightning Network, the second layer of bitcoin […]

The Lightning Network implements a security measure called ‘justice transactions’ which removes funds from dishonest nodes. According to a recent report by BitMEX Research, the Lightning Network removed 2.22 bitcoin (~$23,900) connected to dishonest transactions. The report explains ‘justice transactions’ are designed so that “when a thief attempts to steal funds on the lightning network, […]

Stockholm-based startup Bitrefill announced it has closed a late seed round of $2 million, led by Coin Ninja. The company wants to help people pay with their cryptocurrencies. It offers bitcoin gift cards and mobile refills; it is also building Lightning Network-based products and services. This year, the company released the Thor & Thor Turbo […]

Square CEO Jack Dorsey caused quite a stir on Twitter Wednesday evening, declaring that “Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem.” Dorsey has recently become a hero to many Bitcoin fans due to his participation in the Lightning Network Torch passing and […]

Following his participation in the Lightning Network Torch game, Jack Dorsey, CEO of Twitter and Square, went on the Stephan Livera podcast with Lighting Labs CEO Elizabeth Stark, to discuss Bitcoin, the Lightning Network, and the Cash App. When asked why he decided to focus on Bitcoin instead on other alternative cryptocurrencies, Dorsey said that “it’s […]

Cryptocurrency wallet Casa is open sourcing the code for the Casa Node, the company has announced. The startup provides safe key storage and allows quick access to the lightning network. The code will be available for modification for both private and commercial use, under an MIT license.  “We aim to provide a product that is […]