Good Morning Bitcoin - Tuesday, July 9, 2024

Good Morning Bitcoin is a daily news roundup covering key stories, project updates, releases, guides, research and other Bitcoin and freedom tech-related topics.

Good Morning Bitcoin - Tuesday, July 9, 2024

GM. It's Tuesday, July 9, 2024, and here's the latest and greatest from the world of Bitcoin and freedom tech. Failure to stack sats is not an option. Support our work.

What's happening

  • The German Government (BKA) continued its bitcoin selloff on Monday, liquidating over 16,000 BTC. According to chain surveillance firm Arkham Intelligence, it still holds 27,461 BTC. On the other hand, yesterday's Bitcoin ETF flows were positive for $294.8 million.
  • The Republican National Committee (RNC) panel approved a draft of its 2024 party platform, which clearly expresses support for Bitcoin and cryptocurrencies. The draft will face a final vote today.
  • Bitcoin miner Bitfarms appointed its former Chief Mining Officer, Ben Gagnon, as its new CEO. Gagnon has been with the company since 2019.
  • Meanwhile, Riot Platforms launched, related to its request for a special shareholder meeting at Bitfarms to reconstitute the board of directors.
  • Artur Schaback, co-founder of the exchange Paxful, has accepted a plea deal with U.S. prosecutors for failing to establish an effective anti-money laundering (AML) program from July 2015 to June 2019, as required by the Bank Secrecy Act. He will be sentenced on November 4 and will resign from the company’s board of directors.
  • Signal's desktop app is facing criticism for storing encryption keys in plain text, potentially exposing users to data theft. Some argue this issue is overblown and has been known for awhile, while others recommend unlinking and deleting the desktop app altogether. Signal's mobile apps do not have this issue.

Tools and updates

  • Developers Jonas Nick and Tim Ruffing have been working in a BIP draft for Distributed Key Generation for FROST Threshold Signatures. The draft includes design considerations, usage instructions, a Python reference implementation, and is now open for community feedback.
  • Satonomics v0.2.0 is a big update for a free and open-source alternative to Glassnode. It adds 5000 datasets by block height (only for desktop and tablets), an initial version of light theme, improves app reactivity, and several other cool things.
  • Liana wallet v6.0 introduces support for the Jade signing device, a number of usability improvements as well as some bug fixes.
  • New COLDCARD Edge release (v5.3.3X for Mk4 AND v1.2.3QX for Q is available for testing. It comes with a new powerful feature: provably unspendable ranged extended keys and unspend(...) descriptor fragment. It also supports address ownership for taproot, miniscript and tapscript wallets.
  • Mostro web client v0.0.26 now supports orders with range amounts, displays nsec on the settings page, parses relay list message (NIP-65) improves connectivity with relays.
  • CASCDR, private Lightning-powered AI service platform, released Word Level Transcripts API.
  • Latest Nunchuk wallet releases support the ability to replace key(s) in an assisted multisig wallet and roll the funds over.
  • Ditto is a new Nostr server for building resilient communities online, with an integrated Nostr relay, web UI, and Mastodon's REST API.
  • Chamberlain is a new Cashu mint implementation that comes with an integrated LDK Lightning node.
  • Blockstream Greenlight v0.2 is the first major update that brings a host of enhancements and new features.
  • eNuts v0.4.1-beta: the mobile Cashu wallet now supports Traditional and Simplified Chinese, Italian, Russian, and Thai, along with several user interaction improvements.
  • LND v0.18.2-beta is the latest minor hot fix release that resolves an issue that arises when handling an error after attempting to broadcasting transactions if a btcd backend with an older version (pre-v0.24.2) is used.
  • Read how Palestinian taxi driver Yusef Mahmoud launched a project on Geyser and raised over 2.6 BTC to provide food and potable water to nearly 20,000 Palestinian families.
  • Ten31's Grant Gilliam wrote a new piece on the network effect of the Bitcoin technology.
  • Aspiring open-source software contributors should explore this comprehensive guide.
  • Quotestr lets you turn any Nostr note into a quote image, highlighting the disruptive power of the Nostr protocol and challenging the long-time dominance of centralized quote providers like the BrainyQuote.

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