Xbt.com domain name is on sale for 200 BTC

XBT, the abbreviation widely associated with Bitcoin, is the name of domain which will be on sale from Jan 5 to Feb 4 of 2018, with the desirable price of 200 BTC to be sold for
12 January 2018   517

XBT Holding SA, a privately-owned global hosting, network solutions and web development provider founded in 2005, with offices in eight countries, has placed domain Xbt.com up for auction. The holders of the website are looking for 200 BTC for the domain, the abbreviation of which is used by many financial services in association with Bitcoin.

XBT.com domain auctionXBT.com domain current auction bids

Auction terms:

  • Bidder Registration Opens: 11:00 am ET on Friday, January 5, 2018
  • Deadline: 11:00 am ET on Sunday, February 4, 2018

In order to take part in an auction, the users should provide all information and successfully complete the registration through XBT web-portal, provide the copy of a Government-issued photo ID for the Bidder or incorporation documents of any legal entity, upon the written request of XBT, send a 10,000 deposit in US Dollars sent by wire transfer or 0.5 Bitcoin paid to XBT Bitcoin wallet account, and provide a copy of the wire transmittal receipt or the Bitcoin transfer confirmation, upon the written request of XBT.

If two bids are 200.5 Bitcoins and 300 Bitcoins, the one who bet 300 bitcoins wins but pays only 200.6 bitcoins or the reserve price – whichever is higher.
 

Auction terms

The auction is stated to be considered successful only if a reserve price is reached by the highest bid, if not the auction terminates without any winner.

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.