Hong Kong Bitcoin Trader Robbed of $180,000

Hong Kong man was given an offer to buy 5 bitcoin at a 5% discount off the market price
19 January 2018   784

A citywide police search was under way on Friday for five men after a local bitcoin trader was lured to a bogus business meeting and robbed of HK$1.4 million (US$180,000) on a busy street in Hong Kong. This is reported by South China Morning Post.

The victim is a 34-year-old Hong Kong man surnamed Lee, who was given an offer to buy 5 bitcoin at a 5% discount off the market price, but was instructed that the transaction would be conducted in cash, the source said.

Two men met Lee in the coffee shop, but the transaction was not completed. The victim was told that the pair wanted to trade more bitcoin, and another meeting was arranged at a McDonald’s outlet in North Point at 9.30pm the same day.

Lee took a bag containing HK$1.4 million to the fast food outlet on King’s Road, North Point at 9.40pm but failed to find the two “sellers”. At about 10pm, he received a phone call from one of the men, who claimed they got lost and instructed Lee to meet them outside the State Theatre Building on King’s Road – about 100 metres away – instead.

Soon after the victim left the outlet, he was attacked from behind by three masked menю One of them pushed him to the floor, and the others snatched his bag containing the cash and a mobile phone, source said. Police said no weapon was used in the incident.

According to police, officers scouted the area, but no arrests were made. The victim suffered minor hand and leg injuries.

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.
 

ACINQ

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.