OKEx to support UnitedBitcoin trading

OKEx crypto exchange announced support for airdrop, deposit, and trading of UBTC which is a fork of Bitcoin implemented on December 12 of 2017
08 January 2018   604

UnitedBitcoin is the upgrade of Bitcoin implementing smart contracts. Its features include proof-of-work inherited from Bitcoin with new high-speed smart contracts and faster transactions through the Lightning network. It forked from Bitcoin blockchain at block height #498,777 on December 12 of 2017.

On January 8, OKEx exchange has announced that users would be able to claim, deposit, and trade UnitedBitcoin (UBTC) with details as follow:

  • UBTC deposit will be available at 18:00, January 8 (Hong Kong Time, GMT +8)
  • UBTC claim and trading will be available at 20:00, January 8 (Hong Kong Time, GMT +8)

As it is stated in the announcement, the users will receive UBTC based on their BTC balance on a 1:1 ratio at the time of the BTC snapshot. All claimed UBTC will be deposited directly into their OKEx spot trading account.

At the moment of press, these are main market parameters of UnitedBitcoin:

  • Average price: $306,79
  • 24h volume: $153 667

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.