Bitcoin veteran tricks crypto scammer into learning Lightning
A Bitcoiner called Felix Crisan outfoxed a crypto scammer, getting them to set up a Bitcoin Lightning Wallet before putting them in their place. There’s poetic justice to scammers getting beat at their own game. A cryptocurrency scammer met their match when trying to trick Bitcoiner Felix Crisan into sending them Tether (USDT). The scammer tried to impersonate John Carvalho, the CEO of Synonym, a Bitcoiner Cointelegraph regularly cites. The scammer, who we will call “Fake John” from now on, wanted Crisan to send USDT, but Crisan, who’s been learning and getting involved with Bitcoin (BTC)....
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Readers may remember our coverage of a Roger Ver interview from a few days ago where the veteran Bitcoiner and entrepreneur told Bitcoin Uncensored that Lightning Network was still untested and could take a long time to get off the ground. At the time, he was right. But this morning CCN can report that a successful test, using Bitcoin testnet coins, has been conducted by developers at Blockstream. In the test, the developers used an ASCII cat picture as a demo product. The developer below can be seen manipulating a combination of bitcoind and lightningd, the Bitcoin daemon and Lightning....
A man allegedly behind a cryptocurrency investment scam has been arrested in Bangkok, Thailand. He lured people into investing in his fraudulent crypto scheme by promising high returns, telling investors they could earn a 400% return by investing in just 200 days.
Alleged Crypto Scammer Arrested in Bangkok
A 50-year-old man who allegedly scammed Thai and foreign cryptocurrency investors was arrested on Saturday in Bangkok, Thailand. He tried to flee with over 500 million baht ($15 million), the Bangkok Post reported.
Major General Montri Thetkhan, commander of the....
The founder of Lightning company LNPay.co discusses how his API service helps businesses integrate Lightning
People who run Lightning Network nodes can charge fees to process transactions through their Lightning channels, thus earning small amounts of BTC. For instance, depending on network activity, a single Lightning node could route $10,000 worth of transactions per month and receive a 0.25 percent fee ...
The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By....