📌 MicroStrategy has announced the world's first "#Lightning ⚡️ for Corporations" event which helps companies to adopt #Bitcoin payments on their websites and products 🔥

#crypto2023 #dyor

⚡#Africans can now receive instant, zero-fee remittances in local #currency from the EU and the UK through the #Bitcoin   #Lightning

Bitfinex introduces Lightning Network support in partnership with Synonym

Renowned crypto exchange Bitfinex has announced a partnership with Synonym to introduce a new feature that allows customers to use the Lightning Network (LN) for instant deposits, withdrawals and payments.

The Lightning Channel feature is offered through the Blocktank platform operated by Synonym, a subsidiary of Tether Holdings Limited.

Thanks to this, Bitfinex clients using Lightning nodes will be able to connect to the Blocktank node directly on the crypto exchange.

Previously, customers had to go through a complex process that involved withdrawing their Bitfinex balance to their node, navigating complex metrics, selecting a node, and manually opening a channel. An alternative option is to find external Lightning service providers or listings on liquidity marketplaces and purchase channels from them using your own wallet.

The crypto exchange's new initiative has addressed these issues and given users access to significant bandwidth.
#Bitfinex #LightningNetwork #Lightning

Can a Taproot Wizards Contributor Block Ordinals in Bitcoin? 🚫

A Taproot Wizards contributor proposed a script to #block Ordinals inscriptions in Bitcoin, igniting a debate.

Rijndael, the contributor, offered a solution via a script to reject #Ordinals transactions. Critics like Glassnode's analyst doubt its success, calling it a minority concern.

The software, claimed to nullify Ordinals, might cause node malfunction. The debate resurfaced when OCEAN began rejecting Ordinals, citing risks.

Proponents argue stable mempool congestion benefits #Lightning , while unpredictability could harm it. Bitcoin Core's upcoming update might address Ordinals, suggesting potential solutions like higher fees for Ordinals users.

#Binance
#crypto2023

Bitcoin Core developer Antoine Riard left the Lightning Network team, citing a critical network vulnerability.
According to him, the discovered new class of cyclic spoofing attacks puts the protocol in a “dangerous position,” and the possible loss of funds can only be prevented by making changes at the base level of Bitcoin, at least through a soft fork.
Rear believes that this situation poses a “difficult dilemma” for the community and noted that the LN team has taken certain measures to mitigate the risks of vulnerability. But this will not stop “advanced” attackers.
#Lightning

#Lightning Labs CEO Elizabeth Stark Announces #Stablecoins Are Coming to the Lightning Network

#Lightning

Is Lightning Network Security at Risk? ⚠️

Antoine Riard, a security researcher and developer, is leaving the #Lightning Network's development due to serious security issues.

He believes the Bitcoin community faces a daunting challenge as a new type of attack, known as a #replacement cycling attack, threatens Lightning Network. This attack exploits inconsistencies in individual mempools and puts the network in a precarious situation.

Riard suggests that addressing this issue may require changes to the underlying #bitcoin network, which would necessitate community consensus.

While the Lightning Network has gained popularity, with a total value locked of $159.5 million, it still faces criticisms and challenges. Riard is shifting his focus to Bitcoin core development but warns about forthcoming challenges for the broader cryptocurrency ecosystem.

#Binance
#crypto2023

Elizabeth Stark, CEO of Lightning Labs, spoke at the FT Live's Crypto and Digital Assets Summit in London, discussing the latest developments from the company.

She also gave a clear explanation of Bitcoin and the Lightning Network to a audience of traditional finance professionals.

#LightningLabs #Lightning #MicroStrategy #buythedip #ETHETFS