South Korea Bans Anonymous Bitcoin Trading

The government of South Korea said that virtual coins can not play a role as actual currency and could result in high losses due to excessive volatility
28 December 2017   1591

South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading.

According to the statement, the steps will include a ban on opening anonymous cryptocurrency accounts and new legislation to allow regulators to close virtual coin exchanges if needed, a measure recommended by the justice ministry.

The government said that virtual coins can not play a role as actual currency and could result in high losses due to excessive volatility. It also noted that trading prices of most cryptocurrencies were much higher on South Korean exchanges than they were on exchanges in other countries.

Recently, we have reported that the government of South Korea announced that it would prohibit foreigners and minors from dealing with cryptocurrency trading or opening accounts in local banks

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.