Lightning Network Could be Hacked: Researchers Warn of Vulnerability – June 30

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,153

Bitcoin price has remained steady over the last 24 hours, ranging tightly in the low $9,000s.

Top-20 altcoins are green across the board, as Ethereum gains 2%, XRP remains unchanged, and Stellar leads the way with almost a 5% increase.

Top Stories for June 30, 2020 🔥

👉 Lightning Network Could be Hacked: Researchers Warn of Vulnerability

Researchers have warned of a potential Bitcoin Lightning Network vulnerability, which could lead to a hack of Bitcoin payment channels.

The vulnerability was published by two researchers from Israel’s Hebrew University, in a paper which outlines the “flood and loot” attack.

The attack involves a forced congestion of the network, followed by leveraging the congestion to empty wallets.

👉 Binance Finalizing Majority-Stake Purchase in Payments Company Swipe

Binance is finalizing a deal which will give them a majority stake in, a crypto payments company who provide a crypto-to-fiat Visa debit card.

Binance was reported earlier this year to be launching their own “Binance Card”, which has now been revealed to be released as a white-label product via Swipe.

👉 Confidential Computing Consortium Adds Facebook, IoTeX and R3

The Linux Foundation’s Confidential Computing Consortium (CCC) has doubled their number of blockchain-based companies involved in the group, with recent additions of IoTeX and R3.

Facebook, Accenture, Nvidia and multiple other companies have also joined the CCC, which was created in late 2019. The consortium aims to unite developers to speed up the use of Trusted Execution Environment (TEE) technology – privacy-oriented data technology.