News with the tag "Acinq"

Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States.

ACINQ, a company that makes Phoenix Wallet, reported that it is ending its operations for U. S. customers because of uncertain regulatory requirements. Phoenix Wallet, an app used by Americans, will cease being available on iOS and Android stores as of May 3rd, 2024, demanding reaction from the cust...

Phoenix Wallet, a Bitcoin wallet created by the Bitcoin technology company ACINQ, has announced that it will terminate its operations to U.S. customers. In a recent post on X, the wallet operator noted that on May 3, it will remove Phoenix Wallet from U.S. app stores. Following the announcement, the...

On Friday, April 26, Acinq announced that its Lightning Network bitcoin wallet, Phoenix, will cease services for U.S. residents from May 3, 2024. This announcement followed closely on the heels of the Samourai Wallet indictment and what is perceived as a targeted U.S. government effort against finan...