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Crypto news related to blockchain security

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Crypto && Coffee 129

Technology Recap: Bitcoin: John Law posted to the Lightning-Dev mailing list a description of a protocol optimized for creating channel factories. These would allow multiple users to trustlessly open multiple channels between pairs of users with only a single transaction on-chain. Bitcoin Core v24.0.1 is a new major release with various new features including an option to…

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blockchain coffee

Crypto && Coffee 128

Technology Recap: Bitcoin: Bitcoin Core merged support for a mempoolfullrbf configuration option which defaults to the existing behavior of only allowing RBF (Replace-by-Fee) replacement of transactions containing the BIP-125 signal.  Sparrow Wallet v1.7.0 has been released with Linux aarch64 support, implementation of Sparrow Terminal, cancel transaction operations for RBF, Jade support and more!  Lightning Labs releases lnd v0.15.4-beta which aims to solve the syncing issue…

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blockchain coffee

Crypto && Coffee 127

Technology Recap: Bitcoin: A fix for btcd’s wire parsing library was pushed to help fix the issue affecting a large number of Lightning network nodes. The fix was packaged into a hotfix release for LND.  River Financial announces RLS: River Lightning Services. RLS is a Lightning gateway for developers to enable Lightning network deposits and withdrawals utilizing a simple API without running any…

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blockchain coffee

Crypto && Coffee 126

Technology Recap: Bitcoin: Lightning Labs announces the initial code for Taro, a new protocol to issue and transfer assets on the Bitcoin and Lightning network.  Core developer, Gloria Zhao, posted to the Bitcoin-Dev mailing list a proposal to allow transactions to opt-in to a modified set of transaction relay policies. This would aid both layer-2 and contract-based protocols.  Bitcoin…

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blockchain coffee

Crypto && Coffee 125

Technology Recap: Bitcoin: Suhas Daftuar releases a PR that aims to reduce the bandwidth needed during initial header syncs when a block is found. This will improve synchronization of the blockchain with peers during the Initial Block Download (IBD) and more.  Lightning Dev Kit, LDK, has published v0.0.111 which includes support for relaying onion messages! Onion messages are messages…

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blockchain coffee

Crypto && Coffee 124

Technology Recap: Bitcoin: Several wallet developers including ColdCard and Sparrow Wallet have been in talks with developer Ali Sherief regarding a BIP that encompasses a single message signing algorithm used for P2WPKH and other output types. Core developers have been discussing use cases and designs around on-chain transactions that “burn” bitcoins in small increments as a proof of resource…

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blockchain coffee

Crypto && Coffee 123

Technology Recap: Bitcoin: Core Developer Alfred Hodler posted to the Bitcoin-Dev mailing list a proposal to BIP-47. BIP-47 allows a user to publish a payment code that anyone can use in combination with their own keys to create an unlimited number of private addresses that only the two know, aiming to avoid address reuse issues. Ethereum: Tim…

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blockchain coffee

Crypto && Coffee 122

Technology Recap: Bitcoin: Lightning Network Daemon, lnd, announces lnd v0.15-beta! This new release includes full support for Taproot (creating addresses, send/receive, PSBT funding and signing), experimental MuSig2 API, BIP-55 support for neutrino and more! The Lightning Development Kit shares the full background of LDK and the advantages of using LDK for Lightning network development. Ethereum: The Gray Glacier upgrade is scheduled…

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Ransomware is on the rise.

The Price Isn’t Always Right. Ransomware is on the Rise.

Ransomware continues to be a major cybersecurity challenge that impacts us all – from big industry to small businesses to individuals. In 2021, we analyzed trends in ransomware usage and bottled those up in our latest Current Trends in Ransomware Report. Here’s a snapshot of what you’ll find in the report: Double extortion ransomware increased…

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Liquid Exchange Loses Over $90 Million in Warm Wallet Hack

On August 18, hackers stole a little over $90M* in more than 69 different cryptocurrencies and tokens from Japan-based exchange Liquid Global. Liquid’s teams have yet to release a postmortem detailing the attack vector used by the hacker. While about $16 million in assets from more centralized tokens have already been frozen according to Liquid,… Read more
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