Lightning Labs, one of the leading developers of Bitcoin’s Layer 2 scaling solution Lightning Network, has announced it raised $70 million in its Series B funding round, which saw participation from a number of notable investors, including Valor, Goldcrest, and NYDIG, to name a few.
According to blockchain analytics firm Glassnode, the holdings of Canadian Bitcoin exchange-traded funds (ETFs) have ballooned over recent months, highlighting the fact that institutional investors are seeking ways of gaining exposure to Bitcoin beyond direct market buys.
American business intelligence company MicroStrategy has acquired an additional 4,167 BTC at an average price of $45,714 per coin. With the latest purchase, the Virgina-based firm now owns 129,218 BTC, by far the largest Bitcoin stash out of any publicly-traded company.
Integrated circuit manufacturing giant Intel has launched the next generation of its mining chip, called the “Intel Blockscale ASIC”. The second generation of Intel’s mining hardware comes just a month after the California-based tech giant unveiled its first generation of Bitcoin mining equipment at this year’s International Solid-State Circuits Conference (ISSCC).
Leading cryptocurrency exchange Gemini has recently published the 2022 Global state of crypto report, in which it documented the main reasons behind surging crypto adoption in 2021 and highlighted countries that have the highest rate of digital assets ownership.
Today, the world’s oldest and largest cryptocurrency network reached another notable milestone. As of April 1st, 19 million BTC had been mined out of the artificially capped total supply of 21 million coins.
After weeks of sustained positive price movement, Bitcoin yesterday broke the $46,000 resistance for the first time since January and jumped to $47,500 in the span of hours. The world’s oldest crypto is now up more than 14% in the last seven days and roughly 42% since its 2022 low.
Thailand Securities and Exchange Commission (SEC) has issued a directive banning the use of digital assets to pay for services and goods as of April 1st.
Binance Auto-Invest allows users to dollar-cost average (DCA) their cryptocurrency investments and earn interest on their crypto holdings. Learn more in our review.