U.S Government is Working on 'Comprehensive Strategy' for Crypto

According to the deputy attorney general of the U.S., the government is working on a "comprehensive strategy" around cryptocurrencies  
28 February 2018   1020

During the Financial Services Roundtable's spring conference Rod Rosenstein was asked about his views on cryptocurrency and cybercrime. Apart from the answer to the question, he also referred to a cybercrime task force unveiled last week by the Justice Department.

A lot of these schemes involve bitcoin and other cryptocurrencies which do not flow through the traditional financial system. What we're working on now with our cybercrime task force is a working on a comprehensive strategy to deal with that.

Rod Rosenstein

Deputy Attorney General for the United States Department of Justice

He also noted that cryptocurrencies are not fully anonymous, they are, rather, pseudonymous. The laundering process leaves clues for federal investigators to follow to the source. Criminals will always leave trails. Even when dealing with cryptocurrency, criminals are going to want to convert, launder it into physical currency, and so there are ways to trace these operations.

According to him, the key element of the Justice Department's efforts is educating federal officials on how the technology works and the strategies for following such digital trails.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   152

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.