Category: Industry Insights
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Coinbase acquires Deribit to capture 60% of crypto derivatives market by 2025
Coinbase acquired Deribit for $400 million, expanding into crypto derivatives. The deal positions Coinbase against Binance and Bybit, controlling 60% of the market.
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Bitcoin leads US crypto payments with 42% share in 2023
Bitcoin leads US crypto payments with 42% share, while stablecoins dominate 78% of Asian transactions, per Chainalysis 2023 data.
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Paraguay hydroelectric power sustains Bitcoin mining with 2% energy use
Paraguay asserts Bitcoin mining consumes 2% of its energy, with Itaipu Dam supplying 90% hydroelectric power, as industry leaders like Bitfarms expand operations.
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Bitpanda enters UK market with 600+ crypto assets and Arsenal FC deal
Bitpanda expands to the UK offering 600+ crypto assets, partners with Arsenal FC, and targets 1 million users by 2025 with its trading platform.
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Strategy LLC becomes StratX as Bitcoin hits $50,000 and Fed holds rates
Strategy LLC rebrands as StratX, signaling expansion. Bitcoin hits $50,000, Ethereum up 15%. Fed maintains 5.25% rate amid inflation concerns.
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BtcTurk security breach affects 10% of wallets, user funds secure
BtcTurk, a Turkish crypto exchange, confirmed a security breach affecting 10% of wallets; Bitcoin and Ethereum holdings remain secure with no user losses reported.
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Citigroup evaluates crypto ETF custody and stablecoin services for $2.57T assets
Citigroup explores stablecoin and crypto ETF custody, with $2.57 trillion in assets. Bitcoin and Ethereum mentioned as key focus areas.
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American Bitcoin orders 10000 Bitmain rigs amid US-China trade tensions
American Bitcoin purchased 10,000 Bitmain Antminer S19 rigs as US-China trade tensions escalate, boosting its mining capacity by 1.5 exahashes.
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Coinbase acquires Deribit in $2.9B deal after GPIF stake boost
Coinbase acquires Deribit for $2.9B after GPIF, the world’s largest pension fund, increases stake, marking a major crypto derivatives market consolidation in 2024.
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Vietnam Military Bank and Dunamu launch state-backed crypto exchange in 2023
Vietnam Military Bank and Dunamu launch Vietnam’s first state-backed crypto exchange, handling 500,000 transactions daily, with Bitcoin and Ethereum as primary assets.
