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Breez Brings Bitcoin’s Lightning Network To Every Crypto Wallet

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1 month ago

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Traditionally considered an odd couple, Bitcoin has made intriguing forays into the crypto ecosystem over the past year. Cake Wallet’s decision to integrate Lightning is an unexpected yet exciting development that continues this trend of Bitcoin integration. In doing so, Cake aims to make Bitcoin more practical for everyday use for its users.

In a post published yesterday, Breez CEO Roy Sheinfield emphasizes the “massive opportunity” this creates:

“Introducing Lightning to the broader world of crypto will help more users interface with Bitcoin, and Lightning is the tech that can put the currency into “cryptocurrency.” Bringing crypto and Lightning together is an inevitable step on the way to mainstreaming Bitcoin”.

This collaboration will see Breez’s open-source SDK, which includes Blockstream’s Greenlight node service, embedded into Cake Wallet, significantly enhancing its functionality. Breez’s SDK is designed to make integrating Lightning into any app straightforward, allowing for faster, cheaper Bitcoin transactions.

Vik Sharma, CEO of Cake Wallet, shared his thoughts on this integration: “We’re thrilled to partner with Breez to bring Lightning payments to our users. This upgrade means faster, cheaper Bitcoin transactions without compromising on privacy and security.”

Roy Sheinfeld, Breez’s co-founder and CEO, added, “Bitcoin is the internet’s native currency, and our goal at Breez is to make it as accessible and easy to use as possible. Partnering with Cake Wallet is a big step in that direction, opening up Lightning payments to hundreds of thousands of users.”

The integration of Lightning via the Breez SDK aligns with Breez’s mission to make Bitcoin more accessible and practical for everyday transactions. Breez’s technology not only provides seamless integration but also ensures users maintain control over their funds, offering a non-custodial solution that emphasizes privacy and security.

Breez’s SDK supports various features such as sending and receiving payments, swaps, BOLT 11 payments, and the open-LSP model, which allows apps to choose and change their Lightning Service Providers (LSPs) as needed. This flexibility ensures that integrating the SDK doesn’t lock users into a single service provider, promoting an open and adaptable ecosystem.

Cake Wallet has been on a roll lately as they recently introduced silent payments, another new and impressive privacy feature for Bitcoin users.

For those eager to try it out, the public release of the Lightning-enabled Cake Wallet is expected in July 2024. This new feature promises to make Bitcoin transactions smoother and more efficient for everyday users.



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Protocol Village: Hinkal, Instititutional-Grade Self-Custodial Protocol, Plans Launch of 'Shared Privacy'

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11 mins ago

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July 8, 2024

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The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10.



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Republican National Committee Endorses Pro-Bitcoin Platform in Party Draft

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2 hours ago

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July 8, 2024

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Today, a Republican National Committee panel approved a draft of its 2024 party platform, that strongly supports Bitcoin. 

On page nine, the draft explicitly states, “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets, and transact free from Government Surveillance and Control.”

Additionally, it promises to end what it calls the Democrats’ “unlawful and unAmerican Crypto crackdown” and opposes the creation of a Central Bank Digital Currency (CBDC). According to The Hill, the platform committee overwhelmingly approved the new draft and it will face a final vote on Tuesday.

This decision further marks a clear stance by the Republican party in favor of Bitcoin and cryptocurrency innovation, positioning itself against the current unwelcoming stance by the Biden Administration and Democrats. 

The draft reflects the growing interest and advocacy for protecting and supporting Bitcoin within the party, aligning with broader trends of Bitcoin adoption and support among various Republican politicians. In May, Donald Trump said he “will ensure that the future of crypto and Bitcoin will be made in the USA.”

The full approved draft can be read here:

View the original article to see embedded media.





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The German Government Is Selling More Bitcoin – $28 Million Moves to Exchanges

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7 hours ago

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July 8, 2024

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The German government continued shifting portions of its massive Bitcoin trove to exchanges on Monday, transferring over $56 million worth across multiple transactions.

According to blockchain data, addresses linked to the German government moved a total of 500 BTC to Bitstamp and Coinbase (250 BTC each), worth about $27.9 million, at 14:48 UTC+8 today, and transferred 500 BTC to an unmarked address.

Germany originally seized nearly 50,000 Bitcoin back in 2013 from the operators of the now-defunct piracy website Movie2K. The stash is estimated to be worth around $2.3 billion at today’s prices.

This comes after the government shifted around $390 million in Bitcoin to various platforms since mid-June.

The steady flow of transfers to exchanges signals Germany’s potential intentions to liquidate parts of its reserves. While reasons remain uncertain, the sales have fueled volatility in Bitcoin’s price, which dipped below $55,000 last week.

However, the amounts shifted so far equate to a relatively small portion of Germany’s massive holdings. After the latest transactions, the government still possesses around 40,000 bitcoins valued at nearly $2.2 billion.

Nonetheless, the remaining reserves represent a significant share of daily Bitcoin trading volumes. As such, experts caution the threat of further turbulence lingers as long as Germany stays active in reducing exposure.

The liquidations come just as long-awaited creditor payouts from Mt. Gox’s 2014 collapse appear set to begin. This timing might compound selling pressure on Bitcoin amid an already bearish macro environment.





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