Category: Industry Insights
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Citigroup evaluates crypto custody and payments for 2024 expansion
Citigroup explores crypto custody and payments, joining JPMorgan and Goldman Sachs. The bank manages $2.3 trillion in assets globally.
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Google Chrome receives $35 billion offer amid AI browser market expansion
Google received a $35 billion offer for Chrome amid rising AI browser competition. Microsoft and OpenAI lead AI advancements, with Chrome holding 65% market share.
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KindlyMD & Nakamoto Officially Merge, Plans To Buy One Million BTC
KindlyMD and Nakamoto merged, announced plans to acquire 1 million BTC. The deal, finalized March 2024, involves $50 billion in assets.
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Stablecoins USDT and USDC to reach $1T payment volume by 2028
Stablecoins like USDT and USDC will process $1 trillion in payments by 2028, per a Circle and Tether market analysis, signaling rapid crypto adoption growth.
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Solana upgrade targets Ethereum scalability with 65,000 TPS goal
Solana’s upgrade aims to enhance scalability, targeting Ethereum’s congestion issues. SOL rises 15% post-announcement. Vitalik Buterin acknowledges competition. Transaction speeds may reach 65,000 TPS.
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Perplexity AI seeks $20B valuation in 2024 funding round post Chrome bid
Perplexity AI targets $20B valuation in latest funding round, following a bid for Chrome. Google and OpenAI remain key competitors in AI search.
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Mesh raises $130M to expand crypto payment infrastructure with Goldman Sachs backing
Mesh raised $130M to expand crypto payments, joining Stripe and PayPal in fintech growth. The funding round included investors like Goldman Sachs.
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Kazakhstan launches Central Asia’s first spot Bitcoin ETF with $10 million AUM
Kazakhstan launches Central Asia’s first spot Bitcoin ETF, tracking BTC. The fund, managed by Freedom Finance, holds $10 million in assets under management.
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Block announces modular Bitcoin mining rigs for 2024 with upgradeable design
Block unveils modular Bitcoin mining rigs with upgradeable components, aiming to enhance efficiency. Jack Dorsey’s firm targets 2024 deployment, joining Marathon and Riot in hardware innovation.
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Citigroup enters crypto custody market for ETFs and stablecoins in 2024
Citigroup explores custody services for crypto ETFs and stablecoins, joining JPMorgan and BNY Mellon. The global custody market exceeds $50 trillion.
