ACINQ Advises Not to Use Eclair Wallet At the Moment

Developers said that they "may have lost the signing key allowing us to update the app"
09 April 2018   476

The developers of the French blockchain start-up ACINQ advised users of the Lightning wallet Eclair to temporarily refrain from using it.

ACING Twitter
ACING Twitter

According to them, this decision is caused by accidental deletion of the signature key of the app. The developers assured the users that this measure is forced, and promised to fix the errors soon, releasing the corresponding update for this Android-application.

ACINQ has already removed the Eclair app from the Google Play and the link to the installation file from the Github.

The release of the mobile purse Eclair with support for Lightning Network was held on April 4.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.