CoinMarketCap excluded indicators of S. Korean exchanges

This led to the panic sell and huge price drop of top 10 cryptocurrencies
09 January 2018   388

On Monday, January 8, the popular analytical resource CoinMarketCap excludes from the calculations of average bitcoin rates and other cryptocurrency data of South Korean exchanges without any prior notification. This is reported by the media and users in social networks.

This situation led to the huge price drop of the majoity of cryptocurrencies. 

Top Ten cryptocurrencies
Top Ten Cryptocurrencies

Coinmarketcap team reported about this issue only after all happened. 

Nevertheless, if you look at other analytical resources, for example, Cryptocompare or Livecoinwatch, the average rate of bitcoin and many other cryptocurrencies is slightly lower than on CoinMarketCap.

Also, it should be noted that in the "Markets" section, the data of South Korean exchanges are still present.

As is known, on the South Korean platforms, crypto-currencies are traditionally traded at prices, often 10-15% higher than those at other global exchange sites. At the same time, arbitration when working with them is difficult due to the need to indicate when registering the telephone number of the South Korean telecom operator and other information that can be obtained only from South Korea.

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.