HTC’s Blockchain Smartphone Exodus 1 Will Now Support Bitcoin Cash (BCH)

Exodus 1, the blockchain phone created by HTC, is set to receive support for Bitcoin Cash (BCH). The announcement was made today. The company affirmed that the new function will have the standard wallet of Bitcoin.com installed. The phone is also set to be sold on Bitcoin.com as part of the partnership.

Phil Chen, the Chief Decentralization Officer of HTC, has affirmed that this update on the phone’s technology was the most obvious next step for the project. He affirmed that BCH is an alternative to the original Bitcoin in the payments sphere and that supporting such a big token is a very important move.

With this partnership, the previous company that secured the key management on the phone, Zion Vault, will also be able to secure BCH, not only BTC and ETH, which were the only two tokens to be accepted before.

Users can also make direct swaps via their phone wallets and their Zion Vault wallets, meaning that it is easy and inexpensive to transfer tokens from one device to another one.

At the time of this report, the Exodus 1 phone can be found for $699 USD online. Right now, the company is already planning the second generation of its blockchain phones, though. They are set to be cheaper than the current models, costing from $200 to $300 USD.

The reports seem to indicate that the phones would be shipped soon and that they will provide a considerably more popular and cheap alternative.

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Author: Hank Klinger

BTC Users Running Lightning Network Nodes Urged To Update After Confirmed CVE Vulnerabilities Exploited

An unfortunate event happened in the Bitcoin Lightning Network recently. According to the recent announcement made on Twitter by Lightning Labs, the network is currently being exploited due to a vulnerability.

According to the tweet, all Ind 0.7, c-lightning 0.7, eclair 0.3 and their editions below that are possible to be affected by the exploit, so people should upgrade to the latest version of the system in order to protect themselves from the attack. The latest versions, 0.7.1 and 0.3.1, are not subject to the attacks.

Olaoluwa Osuntokun, the Chief Technology Officer (CTO) at Lightning Labs, affirmed that there are several cases of people exploiting the network. The exploit was originally discovered a few days ago by Rusty Russel, another LN coder.

According to Russel, security vulnerabilities could make several projects to lose funds. He did not disclaim exactly what was the bug, obviously, in order to protect the users, but someone or a group of people may have discovered the exploit and is using it to steal money from the LN.

The Twitter profile also warned people that LN technology is prone to have bugs as it is still during its experimental phases. Because of this, nobody should put more money on the network than they were willing to lose if a bug happens.

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Author: Hank Klinger

Circle Pay, Circle’s Mobile App, To Be Shut Down This September to Focus on Stablecoins

Circle-Pay-Circles-Mobile-App-To-Be-Shut-Down-This-September-to-Focus-on-Stablecoins

Circle Pay, Circle’s Mobile App, To Be Shut Down This September

Circle has made an announcement that saddened some of its users today. Circle Pay, the mobile app of the brand, is ready to be discontinued. On a blog post, the company affirmed that the service would be shut down on September 30.

People who still have funds on the app will be able to withdraw them, but starting from July 8 onwards, they will not be able to deposit anything on their accounts anymore.

The spokesman of the company, Josh Hawkins, talked directly with Coindesk. According to him, Circle Pay was a popular app and it had significant growth, so it was not possible to call it a failure.

However, now the company is considerably more interested in focusing more on other wallet services. Stablecoins will be a bigger focus for the company right now, hence the decision to take this important step forward and start this transition to a new view in the company.

This, he affirmed, could make the company become closer to its vision of having a free and open global payment network that could deliver to the clients what they needed the most.

While it is clear that Circle is focused on its stablecoin, you should remember that the company owns Poloniex, a crypto exchange, so it will not completely focus on it, as the other branches of the company are focused on similar apps and trading.

Poloniex recently acquired SeedInvest, a regulated trading system and there are some rumors floating around that Circle might be looking for a banking license, but nothing is solid yet.

The company announced the tragic news after CENTRE, a consortium created together with Coinbase, was launched.

Circle also faced 30 layoffs recently, so the situation in the company is far from secure and clear to everybody involved. The reason for the layoffs was the “regulatory climate” in the U. S. The company was supposed to wait some time before investing in some other areas as the market was considered somewhat unstable.

Another sign that the company might not be facing the best of times right now is that it has lowered its fundraising goal of $250 million USD to only $150 million USD recently.

About Circle

Circle has a lot of experience in the area. The company was created in 2013 with the goal of making crypto payments easier and inspired by companies such as Venmo. The company was pretty successful, as it was the first one in the crypto industry to get the valuable New York BitLicense to operate in the state back in 2015.

The first BTC wallet of the company was launched in 2014. This wallet became the foundation of what the now doomed Circle Pay app was. Back in 2015, the CEO of Circle, Jeremy Allaire, affirmed that the service was useful because you could easily turn BTC payments into USD and vice versa, so people could hold whatever they wanted.

Until now, Circle Pay was available in 29 different countries, including the U. S., the U. K. and some countries in the European Union.

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Author: Gabriel Machado

Microsoft Links Up with Truffle to Integrate Blockchain Tools Into Azure for Developers

Microsoft Links Up with Truffle to Integrate Blockchain Tools Into Azure for Developers

Microsoft has made an important announcement today. The company is set to integrate the Truffle toolset on its Azure platform. Truffle is a blockchain startup and Azure is the cloud computing service provided by Microsoft, so they are a clear match.

According to the announcement made by the company, the users of the platform that is focused on helping developers to create and manage apps are able to use the Truffle tools ever since May 2.

Marc Mercuri, the principal program manager at Azure Blockchain Engineering, has affirmed that the company strongly believes in the power of the blockchain technology and that they not only investing because the customers are pressing them or something like that. They really believe in the potential all the potential that can be brought forward by this technology.

Truffle was one of the first projects that was backed by ConsenSys, the famous Ethereum incubator. The company first started to create tools that could be used by developers in order to create blockchain apps in a time in which it was very hard to do it.

The CEO of Truffle, a man named Tim Coulter, has affirmed that they wanted to make their program more accessible to other people, so this is a great part of why they are so focused on this new partnership.

At the moment, Truffle is integrated with AxCore and Quorum, an open source project created by JPMorgan, which has also created JPMCoin, a cryptocurrency-like token that will be used in internal transactions within the company.

The company affirms that its set of development tools have been downloaded over 2.7 million times. Now, by being integrated with Microsoft, the number is bound to increase. Coulter, who has described the partnership as “very exciting”, affirmed that this will open up the company’s services to a lot more people than now.

Truffle has several solutions which are being integrated right now into Microsoft Azure. One of them is the new Microsoft Visual Studio Code, which was created in order to enable smart contract creators to be able to test them before they actually deploy them for the first time, which helps to monitor their efficiency.

More Companies Adopting the Blockchain

Microsoft is far from being the only company to be adopting the blockchain technology. Amazon, with its Amazon Web Services platform, is another company to be making a huge progress in this field. Recently, Amazon Web Services has partnered with Kaleido, another project incubated by ConsenSys, which also offers development tools.

Companies such as Oracle and Salesforce are also creating their blockchain toolsets, so it looks like we’ll have plenty of these companies working in this area in the near future.

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Author: Gabriel M