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   332

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.

US Congressman to Call for Crypto Ban

As reported, Brad Sherman has called for a blanket ban on cryptocurrency buying
19 July 2018   77

American authorities should ban cryptocurrencies and mining. Such a statement on was made by Congressman Brad Sherman during the hearings of the Committee on Financial Services at the US House of Representatives, CoinDesk reports.

According to Sherman, in the future, cryptocurrencies may become a form of money, but at the moment they are used either by rogue states to bypass American sanctions or by individuals to evade taxes.

We should prohibit U.S. persons from buying or mining cryptocurrencies.
 

Brad Sherman

Congressman, US

At the same time, Norbert Mitchel, director of the Data Analysis Center of the Heritage Foundation, noted that the possible use of crypto-currency for criminal purposes should not stain other possibilities of digital currencies.

Yes it is true that criminals have used bitcoin, but it's also true that criminals have used airplanes, computers and automobiles. We shouldn't criminalize any of those instruments simply because criminals used them. Those components I believe are the main barriers to widespread adoption in the U.S.
 

Norbert Mitchel

Director of the Data Analysis Center, Heritage Foundation

As Eswar Prasad, senior professor at Cornell University, said, the existence of cryptocurrencies had the potential to impact the financial services system, particularly the payments system, in positive ways.