Luno Implemented SegWit Support

Level of SegWit support in Bitcoin network is still love
15 February 2018   678

Luno, provider of exchange and wallet, added support for the Segregated Witness (SegWit) bitcoting solution. This is reported in the company's blog.

We already implemented SegWit on Bitcoin send transactions in December 2017. This has significantly decreased the Bitcoin network fees that you pay when you send Bitcoin. By implementing SegWit internally, Luno has managed to reduce the send fees paid by customers by over 25% already. As customers start switching over to new SegWit addresses, this will translate into a further reduction in sending fees in the coming weeks and months.

Luno Team

Also representatives of Luno note that SegWit-addresses begin with the number '3', while 'old' legacy-addresses start with 1.

Note that the level of decision-making Segregated Witness in the crypto community is still low. So, according to the service, the share of SegWit transactions in the bitcoin network currently does not exceed 14%.

The company was founded in 2013 as BitX and rebranded in January 2017. Then it joined the regulatory sandbox of the UK Financial Supervision Authority. In addition to continental Europe, Luno also operates in Indonesia, Malaysia, Nigeria and South Africa.

$60M Stolen From Zaif Exchange

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchang
20 September 2018   270

Hackers were able to steal almost $ 60 million in cryptocurrencies from the Japanese crypto-exchange Zaif, Cointelegraph reports.

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchange, as well as 2.2 billion yen, which was the company's assets. Thus, the total loss of Zaif amounted to 6.7 billion yen or about $ 59.7 million.

Tech Bureau Inc, which is the operator of Zaif, in a press release says that it found a server error on September 17, after which the input / output of funds on the exchange was suspended. September 18, the company realized that the error was caused by a hacker attack, and reported the incident to the Financial Services Agency of Japan. Hackers stole 5,966 bitcoins, as well as assets in Bitcoin Cash and MonaCoin.

According to Tech Bureau Inc, Fisco Digital Asset Group will help to partially compensate for the damage caused to users by providing 5 billion yen ($ 44.5 million). Tech Bureau agreed with Fisco to dismiss more than half of its directors and corporate auditors, and Fisco in turn will become its main shareholder.

Earlier this year, Zaif already recognized the existence of a "system malfunction", using which, the clients of the exchange were temporarily able to credit trillions of dollars in their accounts with bitcoins.