$10m for Lightning as BTC creeps towards $10K
Plus more crypto venture funding and acquisition announcements than you can shake a stick at
Happy new header day, Blockfolians!
The One Thing You Need To Know
Elizabeth Stark and the badasses at Lightning Labs have scored a $10m Series A and announced their first financial application Lightning Loop - used by BTC/LN accepting merchants like Fold. We can only imagine what sort of damage they can do with 8 figures.
Lightning Labs⚡️ @lightningLightning Labs is scaling! Announcing our $10M Series A to fuel LN development, and the Lightning Loop beta release, a product making it easier send/receive #bitcoin instantly. With 4000 developers and 30+ startups, the next decade of Lightning is on 🔥https://t.co/3P4gVm89OV
Hot Takes & Headlines
The news you need to know, in the voice of the people!
Crypto Venture and M&A go cray-cray
It is *not* just Lightning that saw big financing activity, but a slew of projects.
Is eBay about to come full circle on bitcoin?
Before kicking bitcoin traders off, eBay functioned as one of the earliest “exchanges.” Now, the WSJ reports that Bakkt-owner ICE is pursuing a $30b+ takeover.
What the heck is happening at Cosmos?
Over the last several weeks, there have been some strange reports coming out of Cosmos, but things came to a head when one of the project’s most important architect took to Twitter to set the record straight. Whatever’s happening, we think the interoperability that Cosmos is working on is one of the most important projects in the space, so Godspeed to all involved!
A Really Big Number You Should Be Paying Attention To
The total number of transactions confirmed on the bitcoin blockchain, as of TODAY.