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.
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.
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.
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.
Coinbase completes $2.9 billion Deribit deal for crypto derivatives expansion
Coinbase finalized its $2.9 billion acquisition of Deribit, marking a major consolidation in crypto derivatives. The deal includes BTC and ETH options trading.
BtcTurk exchange loses $48M in June 22 hack affecting Bitcoin and Ethereum
BtcTurk exchange suffered a suspected $48M hack, impacting Bitcoin and Ethereum holdings. The incident occurred on June 22, affecting 500K users.
TeraWulf secures $3.7B Google AI hosting deal with 500MW capacity
TeraWulf secured a $3.7 billion AI hosting deal backed by Google, causing its shares to surge by 22%. The deal involves 500MW capacity.
Google funds TeraWulf’s $1.8B AI and Bitcoin mining project by 2025
Google invests $1.8B in TeraWulf, a Bitcoin miner expanding into AI. The project aims to merge crypto mining with AI infrastructure by 2025.
Ripple CTO David Schwartz outlines XRPL’s 1,500 TPS capacity for global finance
Ripple CTO David Schwartz states XRPL was designed for global finance, handling 1,500 transactions per second with partners like Bank of America and SBI Holdings.
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.
