To the moon: Bitcoin price exceeds $6,000

Bitcoin price hits new all-time high at $6,054 mark
21 October 2017   1931

On October 20th, the Bitcoin price achieved a new all-time high at $6,054. 

Bitcoin price chart on bitcoinwisdom.com
Bitcoin price chart on bitcoinwisdom.com

As shown from the chart of the Bitfinex exchange, the highest volume BTC/USD exchange, in the last few hours there has been an abrupt increase in trading volume, thanks to which the price of "digital gold" has surged.

Indeed, it seems like hardly anything can stop Bitcoin: in the last month, China banned ICOs and Bitcoin exchanges, South Korea banned ICOs, while the US SEC stepped up scrutiny of ICOs. And nothing of it really matters. 

Bitcoin price chart on coinmarketcap.com
Bitcoin price chart on coinmarketcap.com

At the time of writing, the top cryptocurrency price is just slightly lower and is about $5979.76, its market capitalization is $99,479,508,611.

Obviously, rates are rising in anticipation of the upcoming hardfork. We'll keep you updated. 

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   311

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

Fold

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.