Bitcoin Lost $2000 in 2 Hours

Huge price drop can be caused by the actions of the regulators of China and South Korea or aliens 
16 January 2018   1830

The bitcoin rate continues to drop. Over the past 24 hours, its price has fallen by 14%, and the most rapid drop was in the last hours. So, in just 2 hours the bitcoin rate dropped from $ 13,277 to $ 11,442, after which it rebounded slightly and returned to $ 12,000. The last time at these levels, the currency was traded in early December, but then its rate moved up against the approaching launch of futures on sites CME Group and CBOE.

Bitcoin Price Chart
Bitcoin Price Chart

Probably, the enthusiasm of traders was cooled by the actions of the regulators of China and South Korea, which recently focused their efforts on combating speculative trade and fraud.

It is worth noting that most of the coins lost a lot today.

Top Ten Coin Price Chart
Top Ten Coin Price Chart

One of the users of the Reddit forum suggested that the current collapse of the cryptocurrency is due to the fact that Chinese crypto investors are withdrawing assets to the Fiat in anticipation of the New Year celebration for the lunar calendar.

He draws attention to the fact that over the last four years, three weeks before the Chinese New Year, the crypto-currency market has experienced similar crash courses. In 2018, the Chinese New Year is celebrated on February 16.

There is also an alternative version, aliens included.

Cryptocurreny overall marketcap dropped to $ 0.6B.

ACINQ to Release Lightning API For Bitcoin Mainnet

Strike is API for easy acception of Lightning network payments
25 May 2018   33

Developers from ACINQ presented a version of Strike API for Lightning-payments in the main bitcoin network.

Strike is an API for easy acception of Lightning payments. From a technical point of view, the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends transactions to the recipient's wallet. In other words, companies can offer their clients instant and low-cost payments, receiving funds through the usual cash transaction.

We take a 1% fee on payments, and that’s it. Automated payouts to your Bitcoin wallet are free of charge, because we batch them among merchants. The threshold for automated withdrawals can be set between 0.1–1 BTC.


Also, users can make a payment to the wallet manually, however in this case you will have to pay a commission of 0.5 mBTC.

According to ACINQ representatives, although using Strike and assuming the need to trust a third party, the level of risk is minimal, since the service sends an onchain-transaction every time the total amount of payments reaches a user-adjustable threshold.

The developers noted that the Strike integration with the WooCommerce plugin is currently underway. In addition, ACINQ is considering the possibility of partnership with the Canadian Internet company Shopify, which specializes in developing software for online and retail stores. The company serves 500,000 trading companies with a combined turnover of $ 45 billion.