Category: Industry Insights
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Bitcoin and CBDCs fueled 880% global crypto adoption growth in 2023
Global crypto adoption grew 880% in 2023, driven by Bitcoin, Ethereum, and CBDCs in nations like Nigeria and El Salvador embracing digital currencies.
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Trump-backed American Bitcoin spends $314M on Bitmain rigs amid trade war
American Bitcoin, backed by Trump, invests $314M in Bitmain rigs amid US-China trade tensions, signaling major mining expansion with 100,000 units ordered.
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Kraken suspends Monero deposits after June 3 51% attack
Kraken paused Monero deposits after a 51% attack on June 3, affecting XMR transactions. Binance and Coinbase monitor the situation as blockchain security concerns rise.
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Ripple CTO David Schwartz positions XRP Ledger as critical financial infrastructure with 1,500 TPS
Ripple CTO David Schwartz highlights XRP Ledger’s role in global finance, processing 1,500 transactions per second with partnerships like Bank of America and SBI Holdings.
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MicroStrategy and Tesla invest 158,000 BTC using gas revenues in 2023.
MicroStrategy and Tesla hold 158,000 BTC, leveraging gas revenues to fund Bitcoin investments amid rising institutional adoption and energy debates.
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S&P Dow Jones to launch blockchain-based Wall Street indexes in 2025
S&P Dow Jones will migrate Wall Street indexes to blockchain by 2025, involving Bitcoin and Ethereum, enhancing transparency and reducing settlement times by 70%.
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Trump-backed miner targets Asian Bitcoin acquisitions in 2024
Trump-backed miner aims to acquire Asian Bitcoin assets, targeting undervalued operations. Bitcoin trades at $42,000, with mining difficulty at 70T. Focus includes Indonesia and Malaysia.
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Taiwan establishes $10 million Bitcoin treasury fund in 2024
Taiwan launches a $10 million Bitcoin treasury fund, joining MicroStrategy and Tesla in corporate crypto holdings, signaling growing institutional adoption in 2024.
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Arsenal partners with Bitpanda to launch crypto and NFT initiatives for 500M fans
Arsenal FC partners with Bitpanda, a crypto broker, to enhance fan engagement. The deal includes NFT integrations and targets 500M global supporters.
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Gemini files for Nasdaq listing after $1.2 billion 2023 losses
Gemini filed for a Nasdaq listing despite reporting $1.2 billion losses in 2023, joining Coinbase and Kraken in pursuing public markets amid regulatory scrutiny.
