Breez Announces Glow, An Open Source Bitcoin To Stablecoins Progressive Web App

Developed by Breez in partnership with Bitcoin Spark, the Glow app lets users send stablecoins from their Bitcoin balance, while empowering developers to build better user experiences without having to worry about the difficult parts of building on top of Bitcoin. Breez’s SDK takes care of asset exchange in the background while supporting lightning payments through its Spark integration. 

“Glow is a Bitcoin app for everyone,” said the company in a press release shared with Bitcoin Magazine. Users can access the app on both Apple and Android app stores. Glow re-invents the Bitcoin wallet experience, deviating from the seed phrase backup flow that many wallets attempt to…

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Senate Whip Barrasso Becomes Latest Lawmaker To Support Clarity Act

Senate Majority Whip John Barrasso is the latest lawmaker to call for action on the crypto Clarity Act, though recent developments show work on the bill may be slowing. 

Speaking to the Senate Thursday, Barrasso reminded lawmakers that the U.S. passed the first major digital asset bill last year, the Genius Act, and the same bipartisan work was necessary for the Clarity Act. 

Lawmakers are rushing to get a vote on the Clarity Act before a five-week recess this week. Some Republicans have criticized Democrats for dragging their feet with the bill and deliberately being pernickety. 

JUST IN: 🇺🇸 Senate Majority Whip John Barrasso tells the Senate “its time for the…

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The End Of The Closed-Source Era Is At Hand: Obscurity Was Never Security

Over the last few days, people who were trying to do everything right lost their Bitcoin. They bought a respected hardware signer, generated a seed offline using that device, and trusted the device to do the one thing a signer exists to do: produce a number no one else can guess. The Coldcard did not. A preprocessor guard that checked the wrong thing had quietly routed seed generation to a weak software PRNG (pseudorandom number generator), MicroPython’s Yasmarang, instead of the hardware entropy source. On some models the effective entropy collapsed to around 40 bits. The flaw shipped in March 2021 and sat in publicly readable firmware for more than five years. Attackers swept 500…

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Breez Drops New Bitcoin App, Both Wallet And Developer Kit

Bitcoin software provider Breez has released a new app it says will serve both everyday users and developers. 

The product, dubbed Glow, is supposed to be an easy way to make Lightning transactions easier for everyday users, while also doubling as an open-source blueprint — a way to see exactly how easy it is to implement Bitcoin features using the SDK’s API — for builders. 

Breez claims the app will help developers exploring Bitcoin see what’s possible by packaging in the features that are essential for any Bitcoin app to compete in its category.

Being open-source, developers can open up Glow’s codebase and see exactly how each of those features — such as…

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Bitcoin ETF Inflows Surge Following $130M Coldcard Hack

Investors are throwing cash at spot Bitcoin exchange-traded funds following the massive Coldcard hack. 

Major U.S. funds managed by BlackRock, Fidelity, Grayscale, Morgan Stanley and others have received a total of $626 million in fresh cash following news of the hack on Friday, according to data from Farside Investors. 

Hackers last week started millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the product’s software. Some estimates put the amount of Bitcoin lost now at over $130 million. 

Writing on X Thursday, Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the flows might not be related to the hack, but investors would…

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Circuit, DaLand Give Credit Unions A Direct Path To Bitcoin

Credit unions now have a production-ready path to offer Bitcoin and other digital asset services without relying on outside platforms after DaLand CUSO and Circuit, an 80-member credit union collaborative, announced that Circuit’s Digital Asset Initiative has moved into implementation.

The program grants participating institutions access to DaLand’s CODE Engine and Coin2Core technology, which integrates digital asset capabilities directly into core banking systems from Corelation KeyStone, Fiserv DNA, and Jack Henry Symitar. Under what DaLand calls a “Hybrid Custody” model, credit unions retain custody, member relationships, and data rather than routing customers to third-party…

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White House Now Reviewing Crypto Clarity Act

Time is running out to get a vote on the long-awaited crypto Clarity Act, though bipartisan work is intensifying with the White House reviewing the latest draft behind closed doors, according to reports. 

Senator Thom Tillis said that bipartisan language drafted and sent to the White House last week is currently being reviewed by the White House. “We’ve got people working with White House right now…they’re going through some of the lines right now,” he was quoted and first reported by Punchbowl News Senior Reporter Brendan Pendersen. 

Senate Majority Leader John Thune declined to file cloture on the crypto market structure bill Wednesday afternoon, according to…

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Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit

Rallied by the recent, catastrophic vulnerability in Coldcard hardware wallets, exploited to the tune of over $100 million, the Bitcoin community has rallied to prevent future critical bugs in the industry’s open source software.

PSA: Any users of Coldcard wallets that have not migrated their bitcoin to new seeds generated in secure firmware are still at risk. It may not be too late to act; see advisory on the matter. 

Led by Calle, software engineer, avid vibe coder and creator of the Android version of Bitchat, and Rob Hamilton, the CEO of Anchorwatch a Bitcoin self-custody insurance company, the Bitcoin Red Team has now secured funding, with over $40,000 spent in AI tokens…

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Putin Signs Law For Russia To Regulate Crypto Exchanges

Russian President Vladimir Putin has reportedly signed a law to set in stone the regulation of digital currencies and digital rights in the country — but citizens won’t be using Bitcoin to pay for goods just yet. 

News agency Tass reported Tuesday that the new law will allow only registered entities to operate as exchanges, and puts limits on the amount of crypto retail investors can use. 

For now, retail investors are limited to trading most liquid cryptocurrencies, capped at 300,000 rubles ($3,700) per year. Qualified investors have no restrictions, according to the report. 

But the new law still prohibits digital currencies and digital rights as a means of payment…

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Senator Lummis Urges Speed With Crypto Clarity Act

Pro-bitcoin Senator Cynthia Lummis has said that bipartisan work is going into the crypto Clarity Act but warned that some lawmakers are still making unreasonable demands.  

The Republican, speaking to Fox Business Wednesday, said that she had been working with Democratic lawmakers into the night to get the bill over the line. 

But she said that some Democrats were still dragging their feet on the bill. Lawmakers are pushing to get a vote on the crypto market structure bill before the Senate goes to recess.

JUST IN: 🇺🇸 Senator Cynthia Lummis says “I believe we will get a vote on the Clarity Act before August recess.” 👀

“I don’t think we’ll be leaving on Friday, I…

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