Category: Industry Insights
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Ripple CTO confirms XRPL processes 1,500 TPS for global finance and CBDCs
Ripple CTO David Schwartz notes XRPL handles 1,500 TPS, supports CBDCs, and integrates with Ethereum via Flare Network, enhancing global finance infrastructure.
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Block Inc. launches 140 TH/s Bitcoin mining system for sustainable operations
Block Inc. launched a durable Bitcoin mining system with 140 TH/s hash rate, aiming to reduce e-waste. Jack Dorsey emphasized sustainability and efficiency in mining.
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Block unveils Proto Rig mining system and Proto Fleet software for Bitcoin
Block introduces Bitcoin mining system Proto Rig and Proto Fleet software, aiming to decentralize mining. Dorsey’s firm targets 10% global hash rate by 2025.
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BtcTurk suspends withdrawals after $49 million in suspicious transfers
BtcTurk halted withdrawals after $49 million in suspicious transfers, impacting Bitcoin and Ethereum. The exchange reported 10% of assets affected, raising security concerns.
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Block launches modular Bitcoin miner with 5 TH/s efficiency and open-source software
Block introduces a modular Bitcoin miner and open-source mining software, aiming to decentralize mining. The system supports SHA-256 and targets 5 TH/s efficiency.
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Coinbase acquires Deribit for $2.9 billion to dominate crypto derivatives
Coinbase acquired Deribit for $2.9 billion, expanding its crypto derivatives market share. Deribit handles $30 billion monthly volume, dominating BTC and ETH options.
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NBA and NFL adopt 99Bitcoins for 45% fan crypto transactions in 2024
99Bitcoins and digital payments transform sports fandom with 45% of fans using crypto for tickets. NBA and NFL lead adoption with blockchain integrations.
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SharpLink holds 12,000 ETH in treasury as Ethereum gains 5%
SharpLink holds 12,000 ETH in treasury, surpassing MicroStrategy and Tesla. Ethereum price rises 5% amid increased institutional interest.
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Google secures 8% stake option in Bitcoin miner TeraWulf with $1.8B deal
Google obtains an 8% stake option in TeraWulf, a Bitcoin miner, through a $1.8 billion backstop deal, signaling major tech interest in crypto mining.
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MB Bank and Dunamu launch Vietnam crypto exchange in 2024
Vietnam’s MB Bank and UpBit parent Dunamu launch crypto exchange in 2024, targeting 500,000 users with Bitcoin and Ethereum trading.
