New GUI For C-Lighnting to be Released

Developer claims that Spark will make the use of the Lightning Network much easier
29 August 2018   1806

The developer and creator of the Bitrated project Nadav Ivgi presented the minimalist graphical user interface (GUI) of Spark. As a backend, Spark uses the c-lightning solution, which is the implementation of the Lightning Network protocol from Blockstream's blocking company.

Ivgi argues that Spark will make the use of the Lightning Network much easier, including through flexibility in the context of the configuration. A new GUI can be launched remotely via a web browser, on a local server using an application based on the open source Electron framework or on Android.

Earlier, Blockstream launched a demo version of c-lightning (v0.6) with TOR support, increased API stability and support for "light" nodes.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   311

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.


People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.