Category: The Ledger Edge
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Cycle Network launches VisaNet-like crypto payment system with Solana and Polygon by 2025
Cycle Network aims to create a crypto payment system like VisaNet, processing 5000 TPS, with partners including Solana and Polygon, targeting global transactions by 2025.
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Block’s modular Bitcoin miner targets 10-year lifespan for sustainable mining
Block, led by Jack Dorsey, launches a modular Bitcoin miner aiming for a 10-year lifespan, targeting efficiency and accessibility in crypto mining operations.
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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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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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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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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.
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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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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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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.
