Good Morning, Bitcoin - Thursday, July 11, 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 - Thursday, July 11, 2024

GM. It's Thursday, July 11, 2024, and we've got a fresh batch of updates to keep you in the loop. Grab your coffee or any other drink of your choice and let's dive into today's headlines.

What's happening

  • William Lonergan Hill, co-founder and developer of Samourai Wallet, made his first public court appearance in a hearing yesterday. Hill will be released on bail on a $3 million bond. His bail conditions allow him to live in Lisbon, Portugal as the case proceeds, but he will need to return to New York when required to appear in court. The case will proceed on September 10, 2024, at 12:00 PM ET.
  • Block announced an agreement to supply Core Scientific with its 3-nanometer (3nm) mining ASICs, representing approximately 15 EH/s of hashrate, with an option for significant volume increases.
  • Bitcoin exchange and derivative trading platform BitMEX pled guilty to violating the Bank Secrecy Act by "willfully failing to establish, implement, and maintain an adequate anti-money laundering (AML) program." The charges concern the period from 2015 to 2020.
"The BSA charge is old news - this is the same charge brought in 2020 against our founders relating to BitMEX’s operations up to September 2020. We have accepted the BSA charge, will seek an expedited sentencing hearing, and argue that no further fine should be imposed, given the substantial amounts already paid by our founders," BitMEX said.
    • The guilty plea by BitMEX follows another plea deal by Paxful's co-founder and CTO, Artur Schaback, who earlier this week pleaded guilty to conspiracy to fail to maintain an effective anti-money laundering (AML) program at Paxful from July 2015 to June 2019. He is facing up to 5 years in prison.
  • Recent Bitcoin sales attributed to the German government are merely standard procedure for assets confiscated in criminal investigations, reports CoinDesk. The sell-off has intensified in recent days, and approximately 13,000 BTC remain to be liquidated.
"The general prosecutor's office of Saxony is responsible for liquidating confiscated assets, and the sell-off is hardly surprising. Seized assets are always liquidated within a certain period. This is a routine business process, although at a larger-than-normal scale," said Dr. Lennart Ante, co-founder and CEO of German-based Blockchain Research Lab.
  • The city of Santa Monica, California, has opened a Bitcoin Office. The city council unanimously voted to pilot the office in partnership with the nonprofit Proof of Workforce, at no cost to the city.
  • The US Energy Information Administration (EIA) hosted a webinar to assess data collection efforts regarding Bitcoin mining operations in the United States. Industry members suggested a broader survey of data centers, not just miners. The EIA plans to start the survey process this year, incorporating public feedback.
  • EU’s law enforcement agency Europol wants to break mobile roaming encryption. Its latest paper treats home routing not as a useful security feature, but, as "a serious challenge for lawful interception."
  • GitLab has warned of a critical vulnerability in its GitLab Community and Enterprise editions, allowing attackers to run pipeline jobs as any other user. The flaw, tracked as CVE-2024-6385, was patched in the latest security update and received a CVSS base score severity rating of 9.6 out of 10.
  • President Donald Trump has been officially announced as a speaker at the Bitcoin 2024 conference, which will take place in Nashville, Tennessee, on July 25-27.

Tools and updates

  • Wasabi Wallet v2.1.0 introduces safeguards for CoinJoin participants, allowing clients to set their own policies regarding minimum input count and maximum coordination fee to protect against malicious coordinators who try to charge more than announced.
    • The project also disclosed that it has been under three different attacks recently. Full disclosure details can be found here.
  • Meanwhile, Ginger Wallet v2.0.9, a fork of Wasabi Wallet with 'compliant coinjoins,' now includes manual coin control and sets Ginger coordinator as the default, which cannot be changed.
  • Fully Noded v1.1.1: Highlights of the new release include BBQr support, updated UR support, and improved compatibility with various hardware and software wallets.
  • Zeus wallet v0.9.0-alpha13 has been rolled out to Zeus community supporters. It comes with CLNRest interface for Core Lightning, custom fee estimator for embedded LND, and several bug fixes.
  • GrapheneOS v2024070900 has been released with the latest security improvements and software updates.
  • Holesail v0.3.0 is now available on the Play Store and iOS App Store. Holesail is a free and open-source application that lets you securely share any locally running application on a specific port with third parties using a single command. It runs on the Holepunch protocol.
  • Nostrmo v2.8.0, a Nostr client available for Android, iOS, macOS, Windows, Web, and Linux, has been updated with better login support using Nostr signers.
Source: DASHU.
  • Primal iOS v1.8.6 features DM performance improvements, network settings for enhanced privacy and the ability to set a caching service, along with stability improvements.
  • Orocolo v0.4, a minimalist Nostr blog that consists of a single HTML file, now comes with a dark mode.
  • Zaprite announced a 2.5 million sats bounty to anyone willing to build a FOSS lightning wallet UI on top of Phoenix Server. More details here.
  • Lightspark, a Lightning network infrastructure and services provider for enterprises, has implemented Force Closure Recovery and LDK Async Signing into its stack.
  • Tor Browser v13.5.1 is now available. It includes important security updates to Firefox.
  • Blockstream Green Desktop v2.0.8 adds notifications and flow for redepositing 2FA expired coins.
  • Hodl Hodl P2P bitcoin exchange has rolled out several visual and functional updates to the My Offers & My Contracts pages.
Source: Hodl Hodl.
  • BTCPay Server published an improved and stress-tested step-by-step guide on using BTCPay Server to generate BoltCards for local communities. Check it out here.
  • Bitcoin Policy UK released a Bitcoin mining research paper highlighting the potential of Bitcoin mining to enhance renewable energy systems by adjusting to grid demands and supporting the integration of renewable sources.
  • Maya Parbhoe is running for President of Suriname on a pro-Bitcoin platform. Learn her story here.

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