"If nuclear war destroyed half of our planet, Bitcoin would continue to live, uncorrupted." -Ralph Merkle

Happy Wednesday, Bitcoiners!

It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news!

In today’s newsletter:

• Amboss Technologies Raises $4M in Seed Funding.

• Coinbase Sues SEC.

Amboss Technologies Raises $4M in Seed Funding 💥

So, Amboss Technologies, the fancy data analytics firm all about the Bitcoin Lightning Network, just scored a sweet $4 million in seed funding. They got some big names backing them up, like Stillmark, Valor Equity Partners, Draper Associates, and a few others. What do they do with all that dough? They're going to ramp up their AI research and product development, making the Lightning Network smarter and more efficient. Amboss is all about helping users make smart decisions when routing payments, and they're really into the whole community vibe.

Jesse Shrader, the co-founder and CEO of Amboss, is stoked about the platform they've built. He's all about showcasing the awesomeness of the Lightning Network, and he's got some pretty powerful investors in his corner who see the massive potential. Alyse Killeen from Stillmark said that businesses are digging the efficiency and availability of the Lightning Network, and they're all about that Amboss magic for making things simpler and more user-friendly.

The press release claims that about 30% of the network's nodes are registered on Amboss' platform. That's not too shabby, especially when you've got industry bigwigs like Kraken Exchange and Jack Dorsey's TBD in the mix. With a cool social layer to their platform, Amboss is transforming the digital payments industry and showing everyone just how amazing the Lightning Network can be.

Source: Yahoo

Coinbase Sues SEC 💀

Coinbase is done waiting for the SEC to get their act together. After they petitioned the SEC back in July 2022 for some much-needed clarity on ‘crypto’ regulations, they've had to take matters into their own hands. Now, they're filing a legal action just to get the SEC to respond one way or another. Seems like they're tired of waiting for the SEC to stop dragging their feet.

Apparently, the Administrative Procedure Act states the SEC's gotta respond "within a reasonable time," but what's reasonable to them? Coinbase's Chief Legal Officer, Paul Grewal, took to Twitter to voice his frustrations. He said, The ‘crypto’ industry and its users need clear laws and rules to follow that are built for a new technology. Enforcement actions based in inapplicable securities law aren’t the answer." Couldn't have said it better ourselves, Paul. Let's hope the SEC finally gets the message and starts doing something about it, or Coinbase might just pack up and leave the US behind.

Source: Bitcoin Magazine

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- Vivek