Category: Industry Insights
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Gemini files Nasdaq IPO with Ripple credit facility for RLUSD access targeting $500 million
Gemini filed for a Nasdaq IPO with a Ripple-backed credit facility linked to RLUSD, aiming to raise $500 million amid growing crypto market interest.
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Block launches 819 TH/s air-cooled mining rig to decentralize Bitcoin mining
Block introduces an air-cooled mining rig delivering 819 TH/s, targeting decentralization. Bitcoin mining difficulty rose 5% in Q1 2023. Jack Dorsey supports the initiative.
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Wellgistics deploys blockchain payment system across 6,500 US pharmacies in 2023
Wellgistics introduces a blockchain payment system for 6,500 US pharmacies, enhancing transaction efficiency. The system integrates with major insurers like Aetna and Humana.
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Ethereum and Solana power 4,000 dApps with $50 billion DeFi assets in 2023
Ethereum and Solana support diverse blockchain applications. Over 4,000 dApps operate globally, with DeFi protocols managing $50 billion in assets as of 2023.
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BlackRock CEO Larry Fink named WEF interim co-chair in 2024 leadership shift
BlackRock CEO Larry Fink joins WEF as interim co-chair, alongside 3 other leaders, managing $10 trillion in assets collectively.
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WiseLink allocates 5% treasury to Bitcoin in 2023 Taiwan first
WiseLink, a Taiwan-listed firm, allocates 5% of its treasury to Bitcoin, joining MicroStrategy and Tesla in corporate crypto adoption amid 2023 market trends.
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Gemini secures $100M Ripple credit line ahead of 2024 IPO
Gemini selected Ripple (XRP) for a $100M credit line before its IPO, highlighting growing institutional crypto adoption and Ripple’s liquidity solutions.
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Wellgistics enables XRP Ledger payments for 5,000 US pharmacies in 2024
Wellgistics integrates XRP Ledger for payments across 5,000 US pharmacies, enhancing transaction speed and reducing costs by 40% for Ripple and pharmacy partners.
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Stablecoin boom drives M&A interest in crypto ramps per VanEck VC
VanEck VC reports stablecoin surge increased M&A interest in crypto ramps, with Tether and Circle processing over $100B monthly transactions.
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Circle and Stripe launch blockchains with 2024 Ethereum Solana integrations
Circle and Stripe launch blockchains to enhance payments; Circle processed $197B in Q1 2023. Ethereum and Solana integrations planned for 2024.
