First Lightning Network App to be Launch at Google Play

Eclair Wallet by ACINQ is the first LN based application at the Google Play
05 April 2018   346

First Lightning Network-based application appread in Google Play store. It is called Eclair ACINQ.

Continuing the trend of the innovation of fast networks, the wallet is currently available for devices running on the Android operating system from version 5.0 and higher.

ACINQ Network
ACINQ Network

The Eclair Wallet is a next generation, Lightning-ready Bitcoin wallet. It can be used as a regular Bitcoin wallet, and can also connect to the Lightning Network for cheap and instant payments.

This software is based upon eclair, and follows the Lightning Network standard.
 

ACINQ Team

At the moment of press, it has 4,7 rate at Google Play with 69 feedbacks. So, users' reaction was positive, but they still ask ACINQ to release the iOS version of the wallet. But it looks like to be a hard task.

SegWit solution, which is needed for Lightning Network normal operation in Bitcoin mainnet, started to be used more widely recenly. This news gave good impact for LN development.

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.