Riot Blockchain Won 500 Bitcoins in U.S. Marshals Auction

The U.S. government held an auction of about 3,813 bitcoins on January 22
24 January 2018   942

Riot Blockchain Inc. won 500 bitcoins in an auction of property seized by the U.S. Marshals Service. This is reported by Bloomberg.

The U.S. government held an auction of about 3,813 bitcoins that were seized in federal criminal, civil and administrative cases on January 22. Participants had to stump up a $200,000 deposit to take part, and bids were made in cash in U.S. dollars.

Riot, which invests in cryptocurrency and blockchain startups, sought many more of the 3,813 Bitcoins in the auction Monday but was outbid, Chief Executive Officer John O’Rourke said. The company acquired the Bitcoins at about the market price at the time. That works out to about $5.2 million, based on Monday’s closing price of $10,354.

I believe we’ll be heading north of $50,000 market price within the next 12 to 18 months. Our strategy at Riot is to accumulate Bitcoin and to provide our investors as much direct exposure as we can, hence we decided to participate in the auction.

 

John O’Rourke

Chief Executive Officer, Riot Blockchain Inc

The auction, the sixth by the Department of Justice, attracted 62 registered bidders and received 111 bids, the Marshals Service said Tuesday in a statement. The agency doesn’t announce names of auction winners or the total amount raised.

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.