Bitcoin exceeds $8500 mark

The price of Bitcoin is skyrocketing reaching a new all time high and rising to more than $8500
25 November 2017   1812

The price of Bitcoin was showing a fast development recently moving in the upwards direction and growing by 11,83% within past 7 days and by 5% within past 24 hours. Bitcoin rose from the price of $7940 on November 24, when the market capitalisation was $132 billion, to the price of $8714 on November 25 with market capitalisation of $145 billion, crossing the point of $8500 at 12:20 UTC.

Bitcoin charts nov 2017Bitcoin Charts

Such a significant rise of the currency may be connected with the recent spreading news of Bitcoin Diamond which turned out to be another Bitcoin fork.

It is worth reminding that Bitcoin was steadily rising throughout November 2017, reaching price of $6700 and than exceeding mark of $7000 despite its price fall on November 10.

Currently, Bitcoin is being actively traded at the following exchanges:

  • Bitfinex
  • Bithumb
  • GDAX
  • Poloniex
  • HitBTC
  • Bittrex
  • Bitstamp

Bitcoin markets exchanges november 2017Bitcoin Markets

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $8647.55
  • Marketcap: $144,423,917,264
  • 24h volume: $4,362,670,000

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   320

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.


Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.


Will Reeves


According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.