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

Pocket Change Millionaire Summit Review: Cannabis Investment Strategy?

Pocket Change Millionaire Summit Review: Cannabis Investment Strategy?

Pocket Change Millionaire Summit is an upcoming event hosted by Teeka Tiwari where he promises to “reveal my most powerful wealth-building secret.”

On June 26, 2019 at 8pm ET, investor Teeka Tiwari will share his wisdom with the world. Tiwari will explain how he claims to have turned a $1,000 investment into $1.6 million, for example. The event will take place in Delray Beach, Florida. However, there may be a webinar or video of the event as well.

Pocket Change Millionaire Summit is currently being promoted online through TeekaPocketChangeMillionaire.com. That website features a video explaining how the summit will work, when the summit will take place, and other information.

The video begins by thanking you for signing that non-disclosure agreement – although there’s no actual non-disclosure agreement anyone can sign. It’s just a clever ploy to get you to think you’re about to discover private information.

Pocket Change Millionaire Summit will revolve entirely around CBD and cannabis stocks: Tiwari will explain five small-cap stocks that could explode with growth in the coming years as cannabidiol goes mainstream. Tiwari claims investors can make gains of “3,700X” by following his investment advice.

The website also features a handful of pages that will be unlocked in the days leading up to the summit, including an interview with Mike Gorenstein (unlocked on June 21), a video explaining Teeka’s “Colombia CBD Expedition” (unlocked on June 22), Teeka’s Canada CBD Rally (unlocked on June 23), and William’s California CBD Investigation (unlocked on June 24). There will also be a “special announcement” the day before the summit, on June 25.

To receive updates on the Pocket Change Millionaire Summit, all you need to do is enter your phone number. After entering your phone number, you will receive updates on the summit and an invite link.

Who is Teeka Tiwari?

Teeka Tiwari is an editor at Palm Beach Research Group, a Florida-based financial analysis organization that focuses more on “alternative” financial reporting instead of traditional reporting.

Tiwari is involved with multiple Palm Beach Research Group products, including the company’s small cap and cryptocurrency advisory service. Tiwari also publishes the quarterly crypto income services and other publications. With most Palm Beach Research Group publications, Tiwari is listed as an editor or co-editor.

Prior to working for Palm Beach Research Group, Tiwari was a hedge fund manager and a Wall Street executive. He was the youngest employee at Lehman Brothers, working for the company at just 18 years old.

Tiwari has also appeared regularly on Fox, CNBC, ABC, The Daily Show with John Stewart, and other major media outlets. Over the last year, Tiwari has been particularly focused on cryptocurrency.

In more recent months, however, Tiwari has moved towards cannabidiol (CBD) investing. The Pocket Change Millionaire Summit is focused specifically on CBD investing.

What is the Pocket Change Millionaire Summit?

The Pocket Change Millionaire Summit is an upcoming investment summit that will take place on June 26, 2019 at 8pm ET.

Tiwari claims he’s “waited 30 years” to reveal his “most powerful wealth-building secret.” He will reveal that secret during the summit.

It appears the event is free to attend in-person or through a webinar. There’s an event listing on EventBrite here where you can register for free: https://www.eventbrite.com/e/pocket-change-millionaire-summit-with-teeka-tiwari-tickets-63408797420

The event will take place at 455 NE 5th Avenue in Delray Beach, Florida.

Pocket Change Millionaire Summit Pricing

As far as we can tell, the Pocket Change Millionaire Summit is free to attend. All you need to do is type your phone number into the online form at TeekaPocketChangeMillionaire.com.

After typing in your number, you will receive text message updates and calls about the event from (561) 270-6908 or 384-70. These text messages and calls are free (aside from normal messaging and data rates charged by your carrier).

We assume that the purpose of the summit is to convince you to sign up for other Palm Beach Research Group products. The company sells financial advice and investment analysis newsletters ranging from $60 per year to $2500 per year.

What Will You Learn from the Pocket Change Millionaire Summit?

The point of the Pocket Change Millionaire Summit is to convince you that you can get rich quick by investing in legal cannabis companies. Here’s how Teeka explains the event:

“I’ve found a way to make life-changing gains by getting in on the ground floor of this lucrative, legal cannabis market. Now, I can’t reveal too much about it since it’s a limited venture. But it’s a “sweetheart” deal in a market previously reserved for the wealthy. And I’ve uncovered a loophole allowing ordinary investors access.”

Tiwari claims he has “tracked the entire CBD value chain” over the past three months, meeting with billionaires in Canada, taking “a private jet to visit farms in Colombia”, and visiting “small labs unlocking CBD…the cannabis miracle molecule.”

After all of this research, Tiwari believes he has found the companies that will benefit most from the explosive growth of CBD.

As you may have heard, various analysts are projecting the CBD market to grow to $22 billion by 2022. Tiwari claims by investing in the stocks he has chosen, you can get a powerful slice of this market.

“It’s an incredible opportunity for early investors,” explains Tiwari in a promo for Pocket Change Millionaire Summit.

Tiwari goes on to explain that investors can expect to make gains of “370X…even 3,700X” Later, the page explains that Tiwari’s investment advice has helped investors make gains of “1,620%…2,623%…and 8,897%.”

All you have to do is follow Tiwari’s investment advice and you can make similar gains – at least, that’s how the Pocket Change Millionaire Summit is being marketed.

Final Word

Teeka Tiwari is an experienced investor who has recently focused specifically on cannabis stocks and cryptocurrencies.

Tiwari is hosting an upcoming event called the Pocket Change Millionaire Summit. The event will take place in Delray Beach, Florida, although it seems a webinar will also be available. During the summit, Tiwari will reveal five stocks that give you exposure to the CBD market, helping investors make enormous gains as the market goes mainstream.

You can learn more about the Pocket Change Millionaire Summit at the EventBrite event listing or through the official Palm Beach Research Group website.

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Author: Bitcoin Exchange Guide News Team

Apple to Introduce New CryptoKit Tool for Blockchain Developers at WWDC Event

Apple-To-Introduce-New-Tool-for-Crypto-Developers

According to a recently released event program, tech major Apple is planning to bring out a new tool meant for crypto developers at this year’s edition of Worldwide Developers Conference. The program for 5th June 2019 includes a session titled “Cryptography and your Apps”, which will witness the unveiling of a new tool called the “CryptoKit”. It will soon be introduced as an update on iOS 13.

CryptoKit will primarily be meant for crypto developers, allowing them room to experiment with tools and add more robust security features to crypto apps under development.

To quote the event description provided in the program:

“System frameworks encrypt both data at rest and data in transit in a transparent way for you. This functionality is available by simply setting an attribute. However you may want to do more to protect your users’ data.”

To enable such expansive functionalities, developers can use the new Swift framework, CryptoKit. They can use it to perform cryptographic operations simply and securely, regardless of whether they need to do something simple like compute a single hash or wish to run a more sophisticated protocol.

The ongoing edition of the Worldwide Developers Conference comes in the wake of people’s increasing scrutiny of Apple’s crypto strategy and it seems that the giant is finally warming up to the pros of digital assets industry. Crypto insiders were particularly enthused about Apple’s inclusion of the Bitcoin (BTC) logo in its in-app San Francisco font earlier and the latest development comes as a welcome move from one of the frontrunners of the tech world. Last month, Apple also introduced the option to make crypto payments over Apple Pay last month, further cementing its newly acquired place in the crypto world.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

A Preview of Countries’ Crypto Regulatory Outlook Heading into the G20 Summit and What’s Next

A-Preview-of-Countries-Crypto-Regulatory-Outlook-Heading-into-the-G20-Summit-and-Whats-Next

The G-20 countries are gearing up for the upcoming G-20 summit, and the main aim of the upcoming event will be largely focused towards implementing unified crypto regulations set by intergovernmental organizations such as the Financial Action Task Force. The European central bank has confirmed that despite the challenges posed by crypto assets to the euro area’s financial stability, it is still manageable.

The G-20 nations have reaffirmed their support for the FATF recommended policies in areas such as anti-money laundering as well as crypto assets. The FATF recently conducted their annual Private Sector Consultative Forum in Austria which saw participation from over 300 representatives from the private sector.

The Financial Action Task Force (FATF) comprises of 36 countries and two international organizations including the European Commission. During the recent forum, FATF said,

“The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.”

The FATF in its April Report also put out a guideline for the member G20 countries for regulating and standardizing crypto assets. The Financial Action Task Force further promised

“to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,”

While providing a standard guideline to help the G20 nations in formalizing their crypto regulations, the FATF also emphasized on various risks that come along with the standardization of digital assets such as money laundering. The report states,

“Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.”

Russia Needs To Get Their Regulatory Framework Finalized

Russia, one of the G20 nations has been facing constant delays in finalizing the crypto regulations. Now they have come out to announce that they would be following the standards set by FATF to help them create a standard framework for the use of digital assets in the country.

The Russian President Vladimir Putin has asked the concerned authorities to finalize the regulatory framework in July last year, but there was no progress made on the order. Putin again ordered the authorities to complete the framework by July this year. Looking at the progress made on the recent order, the finalization of the framework might get delayed again.

Anatoly Aksakov, the Chairman of the State Duma Committee on Financial Market has recently said that they are facing issues due to the requirements set by the FATF. The chairman said that the guidelines set by the FATF either need to be implemented into the law on digital assets or a separate bill need to be passed. He explained,

“The law on digital financial assets has been suspended … There were FATF decisions that require us to resolve issues related to bitcoins and so on.”

Another report in the local media houses suggests that the laws on regulating crypto and digital asset may come in force in the Spring season. The reports were based on the deputy chairman of the Bank of Russia, Olga Skorobogatova’s recent comments. The report quoted her saying,

“The law on digital financial assets, on crowdfunding, etc., all these bills are in a fairly high degree of readiness. Colleagues from the State Duma committees are very helpful, we expect that these laws can be passed during the Spring session.” She further stressed that these laws “are extremely important for the country and will provide an opportunity to implement new projects.”

Japan is Helping Other G20 Nations While South Korea Emphasises on Regulatory Consistency

The upcoming G20 summit will be hosted by Japan, which also happens to be one of the most crypto compliant nations with the consumer-friendly regulatory framework put in place. The country has also shown its interest in helping other nations with their regulatory dilemma by working on implementing global standards on crypto assets.

The House of Representatives recently passed a crypto bill with several resolutions. One of the media publications reported,

“We have fully grasped the regulatory trends of G20 countries and cooperated with each country to achieve international harmony.”

The Financial Services Agency (FSA), Japan’s top financial regulatory released a report last December which states,

“To manage and mitigate the risks emerging from virtual assets, countries should ensure that virtual asset service providers are regulated for AML/CFT purposes.”

South Korea, another G20 nation has often echoed for the regulatory consistency and have announced several times that they would be complying with the unified crypto regulatory standards. Choi Jong-Ku, Chairman of the Financial Services Commission said that

“Transnational cooperation is necessary to regulate virtual currencies,”

The FSC chairman also emphasized on the importance of G20 nations adhering to the international standards prepared by the FATF

“to minimize regulatory inconsistencies.”

The Possible Challenges in Creating a Standard Regulatory Guideline

Chainalysis, one of the prominent blockchain and the crypto analytic firm gave feedback on the guidelines set by the FATF. The firm said that the Guidelines set by FATF would have profound implications for the cryptocurrency industry. The Chainalysis feedback report explained,

“There are clear technical obstacles that prevent cryptocurrency businesses from being able to comply with these standards. Cryptocurrencies were originally designed as a peer-to-peer financial system that has no central authority and no intermediaries.”

The analytics firm went on to note that in order to adhere to the FATF guidelines, crypto exchanges can use the transparency from the shared ledger to form an effective Risk-based approach. The firm went on to suggest that exchanges should take up the responsibility to conduct KYC and store the data safely. Crypto exchanges should start linking users KYC information with their transactions as it is not available on the public ledger.

The feedback report explained further,

“Forcing onerous investment and friction onto regulated businesses, who are critical allies to law enforcement, could reduce their prevalence, drive activity to decentralized and peer-to-peer exchanges, and lead to de-risking by financial institutions.”

Chainalysis noted that these measures would decrease the transparency which is currently available to the law enforcement agencies.

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Author: Bitcoin Exchange Guide News Team