Alby is officially launching the waitlist for their new product, Alby Hub. The Hub is a one-click install Lightning Node application that aims to make self-custodial Lightning use as painless as possible. Users can sign up to join the waitlist here.

Alby Hub integrates a one click Lightning node, a self-custodial Lightning wallet, and an app store that enables easy connection between a user’s Lightning wallet and other applications such as Damus, Stacker News, podcast apps, and external Lightning wallets to control their nodes with.

Easy migration from Alby’s web wallet to Alby Hub is supported.

There will also be an Alby Hub Cloud plan for 21k satoshis a month to easily spin up an…

Read more on BitcoinMagazine

Bitcoin is much more than a typical online payment system. After all, we have plenty of those: PayPal, Venmo, and the like. Bitcoin and other privately used cryptocurrencies are cash for the internet.

Paper cash is an almost perfect way to pay someone. You don’t need an account. It doesn’t care who you are or what you’re buying. It’s a bearer instrument. I hand you a dollar. Now you have the dollar and I don’t. It’s instant and no one can interfere with the transaction. There is no trusting someone else to make sure the dollar gets to you. And best of all, it’s private. There is no record of that transaction whatsoever. It’s so private that there is an old joke in the…

Read more on BitcoinMagazine

Ferrari announced that it would extend its cryptocurrency payment scheme to its European dealers network by the end of July, following its successful launch in the United States last year. The luxury sports car manufacturer plans to broaden this payment option to other international markets by the end of 2024, in countries where cryptocurrencies are legally accepted.

The decision to adopt cryptocurrency payments in Europe comes after Ferrari introduced the scheme in the U.S. in response to demand from its high-net-worth clients. This initiative aims to help dealers better meet the evolving needs of their customers, according to a company statement.

Although many major companies have avoided accepting cryptocurrencies due to their volatility, Ferrari’s move reflects the increasing interest among its clientele. The company initially partnered with BitPay, a leading cryptocurrency payment processor, to facilitate transactions in Bitcoin (BTC), ether (ETH), and USD Coin (USDC) in the U.S.

Source

Luxury sports car manufacturer Ferrari announced it will expand the ability to pay with Bitcoin and crypto to its European dealerships starting this month. The move comes after Ferrari first began accepting Bitcoin and crypto payments at its US dealers last year.

JUST IN: Luxury Cars Manufacturer Ferrari to accept #Bitcoin and crypto payments in Europe. pic.twitter.com/PxT7Z7OwbP

— Bitcoin Magazine (@BitcoinMagazine) July 24, 2024

Ferrari said the rollout to Europe will occur by the end of July, enabling customers to purchase new vehicles using Bitcoin and crypto. The company plans to expand the Bitcoin payment option to dealers worldwide by the end of 2024, where legally…

Read more on BitcoinMagazine

Mt. Gox, once the world’s largest Bitcoin exchange, has been a name synonymous with both the rise and tribulations of the Bitcoin market. In the recent months, news of Mt. Gox bitcoin transfers have shaken the market.

Founded in 2010, Mt. Gox handled approximately 70% of all Bitcoin transactions globally. Originally created as a platform for trading “Magic: The Gathering” cards, it quickly became a pivotal player in the burgeoning Bitcoin world.

However, in 2014, the exchange experienced a catastrophic security breach, losing around 850,000 bitcoin, worth hundreds of millions of dollars at the time. This event led to its bankruptcy and triggered years of legal…

Read more on bitcoinnews

Proton, the Swiss technology company that creates privacy-preserving online tools like ProtonMail and ProtonVPN, is launching Proton Wallet, a self-custody Bitcoin wallet.

This new product will be integrated with ProtonMail and will enable users to send bitcoin as easily as sending an email.

“Bitcoin’s value to society has been hindered by the difficulty of transacting and security concerns, and we designed Proton Wallet to specifically address both,” said Andy Yen, founder and CEO of Proton in a press release shared with Bitcoin Magazine. “Proton Wallet’s ability to support Bitcoin via email now makes Bitcoin transactions as easy to use as PayPal, while preserving the…

Read more on BitcoinMagazine