Rawtx Lightning Network Mobile Wallet Released

Developers used the LND open source protocol from Lightning Labs, which was adapted for mobile devices and equipped with a user interface
14 June 2018   2585

Rawtx lightning network wallet for iOs is now available at iTunes. Developers used the LND open source protocol from Lightning Labs, which was adapted for mobile devices and equipped with a user interface. The rawtx application also has open source software.

These are the features of the app:

  • sending and receiving lightning-payments in the test network
  • two accounts support (Lightning network account and account for savings in the main Bitcoin network)
  • opening / closing payment channels
  • generation of QR code and invoices
  • provision of Lightning Network network statistics and maintenance of technical data for network hosts

The developers are planning to update their wallet for operations in the main Lightning network, add a diagnostic system and integrate the lightcoin support.

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.