LTC Founder Charlie Lee Discloses Investment in BTC Development Firm Casa

Published at: Aug. 18, 2019

On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is “an investor in Casa,” a Bitcoin (BTC) personal key security firm. He also noted that he has high hopes for the company:

“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!”

A notable hire

The tweet was posted in response to Casa announcing the hire of a former engineer and product developer at Microsoft and software firm Tableau, as well as a Seattle Bitcoin Meetup organizer Brian Lockhart. The tweet states:

“We are thrilled that we were finally able to convince him to come out of retirement and play in the big leagues at Casa.”

According to Crunchbase, Casa received $2.1 million in funding so far during its seed round in March 2018.

As Cointelegraph reported in June, Casa Node, one of the industry’s popular pre-synced node products, relied on an inbuilt Raspberry Pi, though earlier iteration of the model caused frustration for some users due to its reported slowness.

In July, Facebook reportedly hired Standard Chartered Bank’s head of public affairs Ed Bowles for its cryptocurrency project.

Tags
Related Posts
Tor-enabled Bitcoin nodes are back after bug on network
The Bitcoin (BTC) network has been steadily recovering in terms of running BTC nodes after a major outage on the Tor network. According to the latest data from node monitoring resource Bitnodes, Tor-enabled Bitcoin (BTC) nodes are back to normal following almost a full-swing crash in early January 2021. As of Jan. 13, the number of reachable Tor-based BTC nodes amounted to 2,581, up from as few as 122 nodes on Jan. 9. Based on Bitnodes data, Tor-enabled Bitcoin nodes make up a significant part of the Bitcoin network, normally accounting for about 25% of totally reachable running nodes. According …
Decentralization / Jan. 15, 2021
New $35 Raspberry Pi Is the Most Powerful Yet for Running a Full Bitcoin Node
The Raspberry Pi Foundation released a new, more powerful model of its miniscule single-board computer on June 24, which costs $35 a pop and has the capacity to run full nodes cheaply on the bitcoin (BTC) network. Earlier versions of the Raspberry Pi have been popular with bitcoin enthusiasts and decentralization advocates as it offers low-cost and thus low-barrier entry to those interested in running their own full nodes on the network. Doing so allows users to verify their own transactions over the bitcoin network independently without having to trust third-party wallet services. Unlike miners, who are rewarded with BTC …
Decentralization / June 25, 2019
Lightning Network releases emergency update after critical bug on LND nodes
An emergency update was released to all Lightning Network's LND node operators on Nov 1., after a critical bug caused LND nodes to fall out of sync chain. This was the second critical bug experienced by the network in less than a month. According to Lightning Labs, developer of the Bitcoin Lightning Network, some LND nodes stopped syncing due to an issue with the btcd wire parsing library. The hot fix (v.015.4) was released nearly three hours after the break. The release stated: "This is an emergency hot fix release to fix a bug that can cause lnd nodes to …
Bitcoin / Nov. 1, 2022
Nigerian innovator launches first active Bitcoin Lightning node in the country
A Bitcoin Lightning Network node (BTC) has struck the earth in one of the most challenging operating environments. Lagos, the capital of Africa’s most populous country, Nigeria, welcomed a new Bitcoin Lightning node this week, a vital step to better connect the continent to the layer-2 payments network atop Bitcoin, the Lightning Network (LN). The node runs on an old laptop powered by a diesel generator as Lagos regularly experiences energy and electricity blackouts. In a discussion with Cointelegraph, Megasley, who is the first Nigerian Lightning node of 2023 and the first active Lightning node in the country (as other …
Adoption / Jan. 11, 2023
Bitcoin node connection shuts down: BlueWallet users urged to withdraw funds
BlueWallet is sunsetting its lightning node connection to Lndhub.io according to an official statement. BlueWallet will cease custodial Lightning operations–meaning that BlueWallet users of the Bitcoin (BTC) Lightning Network must connect to nodes to continue using BlueWallet lighting services. What does BlueWallet sunsetting LndHub mean for you? - If you use BlueWallet for on-chain bitcoin: ✅ nothing - If you use other LndHub services (like LightningTipBot, LNbits, Alby): ✅ nothing - If you use the Lightning account hosted by them: ⚡️ Move your sats out Read on — calle ⚡️ (@callebtc) February 23, 2023 Calle, a Lightning Developer who tweeted …
Bitcoin / Feb. 24, 2023