PayPal Picks Paxos to Supply Crypto for New Service, Sources Say
> A formal announcement of the PayPal relationship could come as soon as this week, one source said.
> It is not clear exactly which cryptocurrencies PayPal intends to offer. Paxos declined to comment for this story.
source: https://www.coindesk.com/paypal-picks-paxos-to-supply-crypto-for-new-service-sources-say
archive: https://archive.vn/ZxQY7
> A formal announcement of the PayPal relationship could come as soon as this week, one source said.
> It is not clear exactly which cryptocurrencies PayPal intends to offer. Paxos declined to comment for this story.
source: https://www.coindesk.com/paypal-picks-paxos-to-supply-crypto-for-new-service-sources-say
archive: https://archive.vn/ZxQY7
Raspiblitz v1.6rc3 adds IP2TOR support for clearnet access without revealing your node's IP address
https://github.com/rootzoll/raspiblitz/blob/v1.6/README.md#downloading-the-software
https://github.com/rootzoll/raspiblitz/blob/v1.6/README.md#downloading-the-software
Bitcoin And Modern Soft Fork Activation – Bitcoin Magazine.pdf
1.9 MB
BIP 8, BIP 9 Or Modern Soft Fork Activation: How Bitcoin Could Upgrade Next
> Taproot, a proposed protocol upgrade that would improve Bitcoin’s privacy and flexibility, is in its late stages of development. Bitcoin Core contributors agree that the upgrade would benefit Bitcoin, and so far it generally appears to be welcomed by the wider Bitcoin ecosystem as well.
> But one question remains: how should the Bitcoin network itself upgrade? Taproot is a consensus protocol change, which means that Bitcoin nodes must somehow switch from the old rules to the new rules without splitting the network into factions enforcing different rules. For various reasons, this has in the past sometimes proven to be a challenge.
https://bitcoinmagazine.com/articles/bip-8-bip-9-or-modern-soft-fork-activation-how-bitcoin-could-upgrade-next
> Taproot, a proposed protocol upgrade that would improve Bitcoin’s privacy and flexibility, is in its late stages of development. Bitcoin Core contributors agree that the upgrade would benefit Bitcoin, and so far it generally appears to be welcomed by the wider Bitcoin ecosystem as well.
> But one question remains: how should the Bitcoin network itself upgrade? Taproot is a consensus protocol change, which means that Bitcoin nodes must somehow switch from the old rules to the new rules without splitting the network into factions enforcing different rules. For various reasons, this has in the past sometimes proven to be a challenge.
https://bitcoinmagazine.com/articles/bip-8-bip-9-or-modern-soft-fork-activation-how-bitcoin-could-upgrade-next
Call to action: testing and improving asmap
> In this article Gleb writes about how Bitcoin Core connects to other nodes on the network. He first provides some background about the latest default connection policy in Bitcoin Core 0.20.0, before explaining why there may be weaknesses in the current system which could make it easier for malicious actors to initiate an eclipse attack. Gleb goes on to talk about a potential more robust experimental peer selection methodology called “asmap”. Gleb then provides instructions for testing this new feature. Testing would help in ensuring the best security practices become more accessible.
source: https://blog.bitmex.com/call-to-action-testing-and-improving-asmap/
archive: https://archive.vn/MkQuL
> In this article Gleb writes about how Bitcoin Core connects to other nodes on the network. He first provides some background about the latest default connection policy in Bitcoin Core 0.20.0, before explaining why there may be weaknesses in the current system which could make it easier for malicious actors to initiate an eclipse attack. Gleb goes on to talk about a potential more robust experimental peer selection methodology called “asmap”. Gleb then provides instructions for testing this new feature. Testing would help in ensuring the best security practices become more accessible.
source: https://blog.bitmex.com/call-to-action-testing-and-improving-asmap/
archive: https://archive.vn/MkQuL
segwitbatchingcasestudy.pdf
1.5 MB
How a full SegWit and Batching Adoption Could Have Saved Users Nearly Half a Billion Dollars in Bitcoin Network Fees
> Over 21,131.97 bitcoins could have been saved by Bitcoin users if they would have all been using Transaction Batching. 190,134.98 bitcoins could have been paid in fees instead of the 211,941.32 bitcoins, which represents savings of 9.97%. The 21,131.97 bitcoins saved represents a staggering amount of $195,470,722 USD (with a Bitcoin price of $9,250.00 USD)
> From August 24th 2017 to the 30th of June 2020, 36,685.72 bitcoins could have been saved by Bitcoin users if they would have all been using SegWit Native (Bech32). Fees would have amounted to 59,848.61 bitcoins, down from 96,534.33 bitcoins actually paid in fees, which is 38.00% in savings. The 36,685.72 bitcoins saved represent $339,342,910 USD (with a Bitcoin price of $9,250.00 USD).
https://veriphi.io/segwitbatchingcasestudy.pdf
> Over 21,131.97 bitcoins could have been saved by Bitcoin users if they would have all been using Transaction Batching. 190,134.98 bitcoins could have been paid in fees instead of the 211,941.32 bitcoins, which represents savings of 9.97%. The 21,131.97 bitcoins saved represents a staggering amount of $195,470,722 USD (with a Bitcoin price of $9,250.00 USD)
> From August 24th 2017 to the 30th of June 2020, 36,685.72 bitcoins could have been saved by Bitcoin users if they would have all been using SegWit Native (Bech32). Fees would have amounted to 59,848.61 bitcoins, down from 96,534.33 bitcoins actually paid in fees, which is 38.00% in savings. The 36,685.72 bitcoins saved represent $339,342,910 USD (with a Bitcoin price of $9,250.00 USD).
https://veriphi.io/segwitbatchingcasestudy.pdf
XPUB Watcher released by mutatrum
> This script periodically checks for new incoming transactions and imports new lookahead addresses on active chains. It provides a simple way to verify incoming transactions on a full bitcoin node while at the same time leverage the security of a hardware wallet.
https://github.com/mutatrum/xpub-watcher
> This script periodically checks for new incoming transactions and imports new lookahead addresses on active chains. It provides a simple way to verify incoming transactions on a full bitcoin node while at the same time leverage the security of a hardware wallet.
https://github.com/mutatrum/xpub-watcher
Eye of Satoshi lightning watchtower v0.1.0 released
- Altruistic tower
- HTTP API to send data from nodes to the tower
- Docker images (amd64, arc32, arch64)
- A plugin to use the tower with c-lightning
https://github.com/talaia-labs/python-teos/releases/tag/v0.1.0
- Altruistic tower
- HTTP API to send data from nodes to the tower
- Docker images (amd64, arc32, arch64)
- A plugin to use the tower with c-lightning
https://github.com/talaia-labs/python-teos/releases/tag/v0.1.0
Formalized data sharing between exchanges being developed
- Coinbase, BitGo, Gemini, Kraken, and Bittrex
- Share addresses on a "bulletin board" system
- If addresses match then share additional personal data
- Track all transactions greater than $1000
source: https://www.coindesk.com/crypto-exchange-group-eyes-bulletin-board-system-for-fatf-compliance-coinbase-exec
archive: https://archive.vn/WrPAT
(screenshot above is from theblock article which is behind a paywall) - https://www.theblockcrypto.com/daily/72293/coinbase-exchanges-fatf-travel-rule-solution
- Coinbase, BitGo, Gemini, Kraken, and Bittrex
- Share addresses on a "bulletin board" system
- If addresses match then share additional personal data
- Track all transactions greater than $1000
source: https://www.coindesk.com/crypto-exchange-group-eyes-bulletin-board-system-for-fatf-compliance-coinbase-exec
archive: https://archive.vn/WrPAT
(screenshot above is from theblock article which is behind a paywall) - https://www.theblockcrypto.com/daily/72293/coinbase-exchanges-fatf-travel-rule-solution
Li-Xiaoyu-and-Dong-Jiazhi-indictment.pdf
8.2 MB
US charges two Chinese spies for a global hacking campaign that targeted COVID-19 research
> The 11-count indictment, unsealed Tuesday, alleges Li Xiaoyu, 34, and Dong Jiazhi, 33, stole terabytes of data from high-technology companies, around the world — including the United States, the prosecutors said.
techcrunch: https://techcrunch.com/2020/07/21/us-prosecutors-charge-chinese-spies-global-hacking/
archive: https://archive.vn/mDPL7
> The 11-count indictment, unsealed Tuesday, alleges Li Xiaoyu, 34, and Dong Jiazhi, 33, stole terabytes of data from high-technology companies, around the world — including the United States, the prosecutors said.
techcrunch: https://techcrunch.com/2020/07/21/us-prosecutors-charge-chinese-spies-global-hacking/
archive: https://archive.vn/mDPL7
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Hablemos de Bitcoin - Privacidad, con Samourai Wallet (english & spanish)
> Recibimos a SamouraiWallet para conversar sobre el monedero y sus características, pero también sobre su enfoque en la privacidad y mantener "bitcoin en las calles".
youtube: youtu.be/e56BjPe2aW4
> Recibimos a SamouraiWallet para conversar sobre el monedero y sus características, pero también sobre su enfoque en la privacidad y mantener "bitcoin en las calles".
youtube: youtu.be/e56BjPe2aW4
BitMEX parent company provides $50k grant to Bitcoin Core contributor and researcher Jeremy Rubin
> Judica Inc, a Bitcoin R&D lab founded by Jeremy, already has funding from other sources and 100x Group is delighted to provide additional support to ensure that it’s work can be financially sustainable. The lab’s goals are to conduct critical infrastructure on Bitcoin’s mempool, maintain the CheckTemplateVerify (BIP-119) proposal and to develop the Sapio programming language among other things.
source: https://blog.bitmex.com/bitcoin-developer-grant-provided-to-jeremy-rubin/
archive: http://archive.vn/V8zRL
> Judica Inc, a Bitcoin R&D lab founded by Jeremy, already has funding from other sources and 100x Group is delighted to provide additional support to ensure that it’s work can be financially sustainable. The lab’s goals are to conduct critical infrastructure on Bitcoin’s mempool, maintain the CheckTemplateVerify (BIP-119) proposal and to develop the Sapio programming language among other things.
source: https://blog.bitmex.com/bitcoin-developer-grant-provided-to-jeremy-rubin/
archive: http://archive.vn/V8zRL
Bitcoin Optech #107
- discussions about activating taproot
- proposed update to BIP173 bech32 addresses
- changes to services/client software
- LND, C-Lightning releases
- changes to Bitcoin projects
source: https://bitcoinops.org/en/newsletters/2020/07/22/
archive: https://archive.vn/SVkad
- discussions about activating taproot
- proposed update to BIP173 bech32 addresses
- changes to services/client software
- LND, C-Lightning releases
- changes to Bitcoin projects
source: https://bitcoinops.org/en/newsletters/2020/07/22/
archive: https://archive.vn/SVkad
Authority_of_a_National_Bank_to_Provide_Cryptocurrency_Custody_Services.pdf
154 KB
Federally Chartered Banks and Thrifts May Provide Custody Services For Crypto Assets
> For the reasons discussed below, we conclude a national bank may provide these cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency. This letter also reaffirms the OCC’s position that national banks may provide permissible banking services to any lawful business they choose, including cryptocurrency businesses, so long as they effectively manage the risks and comply with applicable law.
letter: https://www.occ.treas.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf
press release: https://www.occ.treas.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
archive: https://archive.vn/XjqBS
> For the reasons discussed below, we conclude a national bank may provide these cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency. This letter also reaffirms the OCC’s position that national banks may provide permissible banking services to any lawful business they choose, including cryptocurrency businesses, so long as they effectively manage the risks and comply with applicable law.
letter: https://www.occ.treas.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf
press release: https://www.occ.treas.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
archive: https://archive.vn/XjqBS
O.C. Man Admits Operating Unlicensed ATM Network that Laundered Millions of Dollars of Bitcoin and Cash for Criminals’ Benefit
> A Yorba Linda man has agreed to plead guilty to federal criminal charges that he operated an illegal virtual-currency money services business that exchanged up to $25 million – including on behalf of criminals – through in-person transactions and a network of Bitcoin ATM-type kiosks.
source: https://www.justice.gov/usao-cdca/pr/oc-man-admits-operating-unlicensed-atm-network-laundered-millions-dollars-bitcoin-and
archive: https://archive.vn/5Yk2f
> A Yorba Linda man has agreed to plead guilty to federal criminal charges that he operated an illegal virtual-currency money services business that exchanged up to $25 million – including on behalf of criminals – through in-person transactions and a network of Bitcoin ATM-type kiosks.
source: https://www.justice.gov/usao-cdca/pr/oc-man-admits-operating-unlicensed-atm-network-laundered-millions-dollars-bitcoin-and
archive: https://archive.vn/5Yk2f
Ghosn Son Paid $500,000 to Accused Escape Accomplice, U.S. Says
> Anthony Ghosn made the payments to Peter Taylor via the cryptocurrency platform Coinbase after the auto executive escaped in a box smuggled aboard a private plane in December
source: https://www.bloomberg.com/news/articles/2020-07-23/ghosn-son-paid-500-000-to-accused-escape-accomplice-u-s-says
archive: https://archive.vn/3i0xd
> Anthony Ghosn made the payments to Peter Taylor via the cryptocurrency platform Coinbase after the auto executive escaped in a box smuggled aboard a private plane in December
source: https://www.bloomberg.com/news/articles/2020-07-23/ghosn-son-paid-500-000-to-accused-escape-accomplice-u-s-says
archive: https://archive.vn/3i0xd
Apple Co-Founder Steve Wozniak Sues YouTube Over Bitcoin Giveaway Scams
> Wozniak was one of 18 plaintiffs that filed the lawsuit on Tuesday, which seeks punitive damages, a trial by jury and demands YouTube remove all bitcoin giveaway scams and promotions using Wozniak’s name and likeness.
source: https://www.coindesk.com/apple-co-founder-steve-wozniak-sues-youtube-over-bitcoin-giveaway-scams
archive: https://archive.vn/lUjU7
> Wozniak was one of 18 plaintiffs that filed the lawsuit on Tuesday, which seeks punitive damages, a trial by jury and demands YouTube remove all bitcoin giveaway scams and promotions using Wozniak’s name and likeness.
source: https://www.coindesk.com/apple-co-founder-steve-wozniak-sues-youtube-over-bitcoin-giveaway-scams
archive: https://archive.vn/lUjU7
Utreexo demonstration release
> Utreexo is a new scalability technology for Bitcoin, which can make Bitcoin nodes smaller and faster while keeping the same security and privacy as full nodes.
blog: https://medium.com/mit-media-lab-digital-currency-initiative/utreexo-demonstration-release-a0d87506fd70
archive: https://archive.vn/hWKZy
code: https://github.com/mit-dci/utreexo
> Utreexo is a new scalability technology for Bitcoin, which can make Bitcoin nodes smaller and faster while keeping the same security and privacy as full nodes.
blog: https://medium.com/mit-media-lab-digital-currency-initiative/utreexo-demonstration-release-a0d87506fd70
archive: https://archive.vn/hWKZy
code: https://github.com/mit-dci/utreexo
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Hablemos de Bitcoin - La lucha por la privacidad, con M. Odell (english & spanish)
> Conversaremos con el co-host de del podcast Tales From The Crypto (TFTC), Matt Odell, quien es un reconocido activista de la privacidad en la comunidad de bitcoiners.
¿Por qué importa y qué es la privacidad? ¿Es posible tener privacidad en la era de la vigilancia? ¿Cómo nos defendemos y protegemos? Descúbrelo todo aquí.
youtube: https://youtu.be/82ytyMx2QLk
> Conversaremos con el co-host de del podcast Tales From The Crypto (TFTC), Matt Odell, quien es un reconocido activista de la privacidad en la comunidad de bitcoiners.
¿Por qué importa y qué es la privacidad? ¿Es posible tener privacidad en la era de la vigilancia? ¿Cómo nos defendemos y protegemos? Descúbrelo todo aquí.
youtube: https://youtu.be/82ytyMx2QLk