Share this article
BTC
$83,423.13
-
0.38%ETH
$1,804.42
-
1.02%USDT
$0.9998
+
0.02%XRP
$2.1437
+
0.34%BNB
$592.75
-
0.76%SOL
$120.25
-
1.53%USDC
$1.0002
+
0.02%DOGE
$0.1687
-
1.21%ADA
$0.6533
-
1.62%TRX
$0.2371
-
0.64%LEO
$9.1236
-
0.66%LINK
$12.81
-
1.33%TON
$3.2607
-
4.24%XLM
$0.2519
-
3.29%AVAX
$17.81
-
2.40%SHIB
$0.0₄1230
-
0.45%SUI
$2.2053
-
2.04%HBAR
$0.1619
-
1.54%LTC
$82.45
-
2.50%OM
$6.2817
+
0.29%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Bitcoin-Focused VC Stillmark Hires Former Google X Engineer Vikash Singh
Singh joins the fund as principal investor as the firm looks to deploy capital to Bitcoin-related companies.
Stillmark, a major investor in Lightning Network infrastructure providers Lightning Labs and Voltage, said Thursday it appointed former Google X engineer Vikash Singh as its principal investor.
- Stillmark has so far raised $40 million, specifically for investing in startups that utilize Bitcoin and the Lightning network.
- Stillmark said its first fund was oversubscribed twice over.
- Prior to Google X, Singh spent five years at Heal, a Series D stage health tech company that utilizes artificial intelligence (AI) and deep learning, which he joined at seed stage.
- In an interview with CoinDesk, Singh called Bitcoin a “moonshot” technology that’s a fundamental evolution of financial technology tjat levels the playing field for many people.
- Singh wants Bitcoin to be a “stable base layer for people to be their own bank and be independent.”
- Compared with other cryptos bitcoin (BTC) is a “clear winner in the race for money over the internet,” he said.
- Lightning Labs has been fundamental in El Salvador adopting bitcoin as legal tender and making it available alongside cash as a payment mechanism.
Read more: Jack Dorsey Touts Bitcoin's Virtues at MicroStrategy Conference
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
