PMC bank India in crisis

Customers of PMC Bank prepare for a dark Diwali as their Laxmi is locked away by those in power. Their cries for help fall on deaf ears as the BJP-Sena govts. at state and centre seem to believe that Sab Achha Hai. Victims of #PMCBank crisis speak the truth: Sab Accha Nahi Hai. —[…]

Lightning Network Bug disclosed

Discovered 3 months ago; fixed in most clients 2 months ago; Now disclosed. Problem: channel opener opens for X BTC. Counterpart doesn’t check whether channel really contains X. If opener is fraudulent, he could say he opens X but in reality open with Y. It would then show when closing the channel.

FED accelerates QE

Longread: European regulators seem highly skeptical. Meeting at BIS <TL;DR> On Sept. 16, Libra representatives met with a part of the Bank for International Settlements – representing 60 central banks, to discuss Libra On the same day, David Marcus, Libra CEO posted a tweetstorm European regulators seem highly skeptical: Germany: “We cannot accept a parallel currency. […] You have to reject that clearly.” France: Europe[…]