Chinese Retailer Surges 25% After Saying It Will Accept BTC

09 January 2018   1233

LightInTheBox, online retailer which sells goods ranging from wedding dresses to electronic devices announced on January 5 that cryptocurrency is a legitimate means of payment on its main sites, LightInTheBox.com and MiniInTheBox.com. It is stated that all transactions would be processed through BitPay.

I’m glad to introduce bitcoin as a new payment channel to our customers. We think blockchain could potentially be an important technology for us.

Alan Guo
CEO, LightInTheBox

Right after the announcement the company saw its shares surge from US$2.38 to US$3.52 at the start of trading on Monday. The shares later retreated, finishing Monday at US$2.81.

LightInTheBox SharesLightInTheBox Shares

Before yesterday’s surge, the share price had shed 26% between early January last year and January 2, 2018.

However, LightInTheBox is not the only US-listed Chinese company to see its share price spike after announcing an interest in cryptocurrencies. Chinanet Online Holdings, a Nasdaq-listed internet company, surged more than 600% on January 4 after it said a day earlier it would collaborate with another Chinese firm to develop blockchain-related technologies.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   152

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.