Lightning Labs has raised $70 million in its latest funding round.The funding will empower the company’s goal to further expand Bitcoin and Lightning technologies.The round was led by Valor Equity Partners, early backers of Tesla and SpaceX, and joined by global asset manager Baillie Gifford. Lightning Labs today announced it had raised $70 million in a series B funding round…
About the author Vivek Jayaram is the founder of Jayaram Law, a firm advising groundbreaking artists, Web 3 entrepreneurs, financial tech and new media executives, and the companies they run. How big is the market for non-fungible tokens? In Q4 2021 alone, crypto collectors bought and sold $11 billion worth of NFTs—a figure roughly equivalent to what the entire contemporary…
After a rocky start to the new year, March may finally have set the crypto markets back on an upward trajectory. Back in February, news of the war between Russia and Ukraine created significant opportunities for traders to reenter the market at diminished prices. This did not last long, however. The market soon began to recover, and traders who hoped…
Bitcoin was back in the green during Tuesday’s session, as the world’s largest cryptocurrency rose above $47,000. ETH was also marginally higher today, as it continued to hover close to its $3,500 resistance level. Bitcoin Bulls were back in bitcoin on Tuesday, as the world’s largest cryptocurrency rose above $47,000 during the session. Following a low of $45,235.82 to start…
Token launch and management protocol, Strata, has closed a $1.5 million seed round led by Multicoin Capital. Solana Ventures, Asymmetric Partners, Alameda Research, and Starting Line also participated in the round. The company, founded by software developer Noah Prince, wants to make launching tokens more accessible on Solana, a rising layer-1 blockchainnetwork. It offers a no-code solution for people to…
Bitcoin (BTC) fell into the Wall Street open on April 5 after briefly passing $47,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader shows importance of 200DMA for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering downward pressure as financial markets opened Tuesday. The pair was thus more or less at the same level as 24 hours previously,…
Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two-month highs DOGE’s price had risen by nearly 6.5% week-to-date to $0.15 a token. The coin’s recent gains surfaced after Elon Musk disclosed his $3-billion stake in Twitter on Monday, reiterating his influence on its market.…
Elon Musk has been appointed to the Twitter board, according to a tweet published by Twitter’s CEO Parag Agrawal. “I’m excited to share that we’re appointing Elon must to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” Agrawal said. The Twitter CEO added that Musk…
The rise of Web3 has paved the way for new business models that could shape the next phase of the internet. For instance, nonfungible tokens (NFTs) will play a large part in the open metaverse as the underlying assets people interact with. Decentralized autonomous organizations (DAOs) are also coming to fruition to allow for community governance within virtual environments. The…
Ledger, a major supplier of hardware wallets designed for secure storage of cryptocurrencies like Bitcoin (BTC), is launching a brand new wallet specializing in nonfungible tokens (NFTs). The new product, called Ledger Nano S Plus, is the next generation to the original Nano iteration released in 2016, and is designed with NFT collectors’ needs in mind, Ledger announced to Cointelegraph…
