One of the major Lightning Network clients, LND, has released a new update, LND 0.16.0, focused on the security and efficiency of transactions on the scaling network. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Lightning Network Client Releases New Update
📍The Lightning Network client LND has released a new update focused on security. LND 0.16.0 is the new version of the LND client that is available on the mainnet in beta mode. This update, as reported by its developers through GitHub, includes several improvements focused on the security and efficiency of transactions.
The new version of LND prioritizes sending locally generated gossip updates to all connected peers, fixes a bug that could cause channel updates to be lost, and rebroadcasts unconfirmed transactions with every block in which the transaction was not confirmed, the developers said.
LND’s improvements in its v0.16.0 update also relate to Taproot, as it will allow users to create payment channels on Lightning using this Bitcoin privacy protocol. LND 0.16.0 also includes TrackPayments, a monitoring feature designed to detect errors in payment channels.
HSBC acquires Silicon Valley Bank UK for £1
📍Silicon Valley Bank's UK division has been acquired by HSBC. In a Press release, British bank HSBC has announced the acquisition of the British division of the collapsed US bank Silicon Valley Bank for the ironic sum of 1 pound.
Silicon Valley Bank UK had loans of around £5.500bn and deposits of around £6.700bn, HSBC said.
HSBC Group CEO Noel Quinn said in the statement that the acquisition of Silicon Valley Bank UK represented a significant opportunity to strengthen its retail banking franchise and enhance its ability to serve innovative and fast-growing businesses, including those in the technology industry.
Nissan joins Web3
📍Nissan is the latest car brand to make significant strides in entering the world of Web3. In a tweet, trademark attorney Mike Kondoudis reported that Nissan Motor, the Japan-based car manufacturer, has sent a series of trademark registration applications to the USPTO where it expresses its interest in creating new digital products and services focused on the Metaverse.
In this sense, the car manufacturer is primarily interested in opening new virtual stores where users can experience a new purchasing experience for their cars.
Nissan Japan is experimenting with the Metaverse to transform its purchasing experience, offering customers a digital environment where they can select cars, explore their features and even sign the purchase contract with the company.
In addition to Nissan, other car manufacturers such as Lamborghini and Ford Motors have also been exploring the potential of the Metaverse and Web3 to optimize user experience and encourage development and innovation in the automotive industry.
NFTs, in the background for Meta
📍Meta has paused NFTs on its social apps Instagram and Facebook. The social media company announced that it will dedicate its resources and efforts to other sectors. In this way, Meta has put its NFT project on the back burner to give priority to content creators.
Stephane Kasriel, Head of Commerce and Fintech at Meta, confirmed the news on Twitter, saying the social media company will focus on areas where it can have the greatest impact for its community of creators and users. Kasriel pointed to messaging and monetization operations for Reels as key to the future of social creators.
Continue reading: Public beta of Shibarium, Shiba Inu's L2 blockchain, launched
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