USA To Hold Auction Of Seized Bitcoin

The six-hour online auction will be held on January 22 with the 3,813 bitcoins offered for sale
12 January 2018   1192

The U.S. government will hold an auction of about 3,813 bitcoins that were seized in federal criminal, civil and administrative cases, the U.S. Marshals Service said on Thursday.

According to the statement, the six-hour online auction will be held on January 22 with the 3,813 bitcoins offered for sale in 11 blocks - five of 500 bitcoins, five of 100 bitcoins and one block of around 813 bitcoins.

Participants will have to stump up a $200,000 deposit to take part, and bids will have to be made in cash in U.S. dollars.

The government held three auctions in 2014 and 2015 for bitcoins seized during the prosecution of the creator of Silk Road, an online black market where the virtual currency could be used to buy drugs and other goods.

Silk Road operated for more than two years, generating more than $214 million in sales of drugs and other illicit goods using bitcoins, before being shut down in October 2013.

ACINQ to Release Lightning API For Bitcoin Mainnet

Strike is API for easy acception of Lightning network payments
25 May 2018   47

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.