Oliver Knight / CoinDesk:
Chicago-based Strike, a bitcoin payment service that uses the Lightning network for faster transactions, raised an $80M Series B led by Ten31 — Washington University in St. Louis and the University of Wyoming were among the investors in the Series B funding round.
Jamie Crawley / CoinDesk:
Study: in January 2022, 62.4% of bitcoin mining electricity came from fossil fuels, contradicting the Bitcoin Mining Council’s estimate that ~59% is sustainable — The CCAF uses publicly available data to run a theoretical model to estimate the environmental footprint of bitcoin mining.
Manish Singh / TechCrunch:
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
Ofir Dor / Globes Online:
Israel-based Vesttoo, an AI-powered risk transfer marketplace connecting insurers and investors, has raised an $80M Series C at a $1B post-money valuation — The company’s emergence as a unicorn is surprising when taking into account the slowdown in fund raising and that it had a valuation of just $22 million last year.
Oliver Knight / CoinDesk:
The US DOJ seizes 50,676 bitcoin, worth around ~$1B, defrauded from the Silk Road in 2012 by James Zhong, who pled guilty to wire fraud — 50,000 bitcoin was obtained unlawfully in relation to the Silk Road marketplace in 2012. — Damian Williams, the United States Attorney …
Reuters:
Chicago-based supply chain management startup project44 raised $80M led by Generation Investment and A.P. Moller at a $2.7B post-money valuation — U.S.-based supply chain management technology company project44 said on Thursday it was valued at $2.7 billion after its latest funding round …
Camomile Shumba / CoinDesk:
US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022 — The asset management giant said in April it would offer retail investors the option to put bitcoin in their 401(k) accounts at some point this year.
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