Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week.

ACINQ, Startup Behind Eclair Lightning Implementation, Raises $8M

The Lightning Network continues to remain the standard for asset transfers in the Bitcoin space, and with that growth, there has been a corresponding positive reception to development efforts as well. 

On October 9, 2019, ACINQ, the French company that helped bring about the éclair Lightning implementation, announced that it had successfully raised $8 million in a Series A funding round. 

The round was led by venture capital firm Idinvest Partners, and according to the company, the funds will go into expanding the team and preparing for both the improvement of existing products and the development of new ones. 

SEC Rejects Bitwise’s Bitcoin ETF Proposal

The hopes of Bitwise Asset Management getting the regulatory nod to launch its bitcoin exchange-traded fund (ETF) were dashed once more, when the United States Securities and Exchange Commission (SEC) rejected its proposal on October 9, 2019. 

Bitwise has had quite a long road, filing its ETF proposal with the…

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Author: Jimmy Aki


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