What Are Lightning Wallets Doing to Help Onboard New Users?

The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss Lightning Network technology and two innovative approaches at the wallet level which simplify the new-user experience at a tangible, but seemingly minimal cost.  Subscribe to the new CoinDesk Podcast Network for fresh, insightful episodes nearly every day of the week In today’s podcast we zero in on the challenge of “Channel Management”, an until-recently-mandatory and manually-managed part of connecting to and utilizing the still-nascent Lightning Network. A little context:…

Davos, CBDCs, and the Rise of Bitcoin Art

That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued “blockchain, not crypto” narrative; 2) a belief in the inevitability of cashless futures (without much concern about the negative implications) and 3) the rise of CBDCs.  On the CBDC front, the WEF put out a toolkit for governments that are considering their own currency, Japan announced a project to explore a digital currency as a counterweight to the influence a digital yuan might bring China and…

Harmony Kicks Off Migration From Ethereum and Binance Chains to Its Own

Holders of the ONE token from the team at Harmony should make plans to swap their ERC-20 (ethereum) or BEP-2 (binance chain) tokens for the coin on Harmony’s blockchain if they want to be able to participate in staking and other network activities.  According to a blog post shared Thursday, Harmon’s token swap is ready to commence, allowing current holders to switch to the company’s native asset. “The native ONE token of Harmony blockchain will serve as the bridge for building an open platform without sacrificing performance, decentralization, community-based governance,…

Crypto News Roundup and Interviews for Jan. 24, 2020

In addition to our news roundup, for the next few episodes we’ll also be highlighting select interviews from the CoinDesk crew reporting inside the World Economic Forum in Davos, Switzerland.  Today, we’ll hear from former Monero head “Fluffypony” and more from cypherpunk Harry Halpin. Listen or subscribe with your preferred service: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group,…

Crypto Exec’s $1.8M SIM-Swap Lawsuit Has ‘Critical Holes,’ Says AT&T

AT&T says a lawsuit over a $1.8 million crypto hack fails to show how the U.S. telecoms giant was responsible. The case, brought by VideoCoin head of strategy Seth Shapiro in October, alleges that, in 2018, AT&T employees were responsible for transferring control of his phone number to hackers, who used it as part of a SIM-swap scam that drained his exchange accounts of more than $1.8 million-worth of cryptocurrencies. In a Jan. 22 filing in support of its December motion to dismiss the case, AT&T says Shapiro’s allegation has…

Your PGP Key? Make Sure It’s Up to Date

Identity thieves now have another tool at their disposal: bitcoin hashing power.  That’s the conclusion from a new cryptanalysis paper published earlier this month on SHA-1 (pronounced “shaw”), a once-popular hash function created by the National Security Agency and disapproved in the mid-2000s after failing against theoretical hack attacks. SHA-1 continues to see use in certain circles, such as on source code program Git and other legacy products for sending secure transmissions on computers, according to Gaetan Leurent of France’s National Institute for Research in Digital Science and Technology and…

UK Cricket Club Will Issue this Season’s Tickets Over a Blockchain

A county cricket club in the U.K. is to use blockchain-based ticketing for all domestic and international fixtures played at its home ground in 2020. According to a report Friday from industry magazine, TheTicketingBusiness, Lancashire Cricket Club developed the new solution in partnership with the blockchain ticketing provider TIXnGO. The new blockchain tickets are said to be entirely traceable, unique to the purchaser and nearly impossible to counterfeit. The system also includes a new facility that simplifies the process of transferring or reselling tickets. Following 18-months of development, the new…

10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS

A fifth of the world’s population may well have access to a central bank digital currency (CBDC) in as little as three years, according to a new survey. An annual study carried out by the Bank for International Settlements (BIS) asked 66 central banks if they were working on CBDCs and, if so, what type and how far along they were. Released Thursday, the report found that 80 percent of banks surveyed were engaged in some form of work surrounding CBDCs, with nearly 40 percent having moved to experiments and…

Notes From the WEF: Cash Is Dead, Long Live Digital Cash

DAVOS, Switzerland – Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead. “Physical money is out,” said B.S. Kohli, an economic advisor to the head of the Indian state of Punjab. Mothanna Gharaibeh, Jordan’s minister of digital economy and entrepreneurship, agreed. As of this year, Gharaibeh said, Jordanians can no longer pay for government services, from taxes to hospital bills, with cash. They must use electronic payment systems like bank transfers or mobile wallets.  “It’s going to be a tough transformation,” he said,…

Japanese Lawmakers Will Propose Digital Yen to Counter Libra, China: Report

Politicians from Japan’s ruling Liberal Democratic Party plan to propose the nation issues its own digital currency. According to a Reuters report on Friday, about 70 lawmakers from the party feel a digital yen is needed to counter the approaching launches of Libra and China’s digital currency. The effort – aimed to keep Japan at the forefront of fintech innovation – would be a joint project between the government and the private sector, Parliamentary Vice Minister for Foreign Affairs Norihiro Nakayama told the news agency. “China is moving toward issuing…