Category: The Ledger Edge
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SoFi Technologies implements Bitcoin Lightning Network cutting cross-border payment fees by 80% in 2023
SoFi Technologies integrated Bitcoin Lightning Network for cross-border payments, reducing transaction times to under 30 seconds and cutting fees by 80% for users.
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Cardano allocates 264 million ADA in budget cycle with IOG leading development
Cardano allocated 264 million ADA in its latest budget cycle, with IOG leading development efforts and enhancing network scalability and security.
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Tether appoints Bo Hines as strategic advisor for digital assets and US policy development
Tether appoints Bo Hines as strategic advisor for digital assets and US strategy, focusing on regulatory engagement and policy development for USDT.
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Ethereum and Solana protocols deploy $2.5 billion in 2023 treasury reserves for staking and DeFi yields
Ethereum and Solana protocols allocated $2.5 billion in 2023 treasury reserves to staking, DeFi yields, and token buybacks amid competitive crypto strategies.
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Meta disbands FAIR lab reallocating 500 researchers to product teams for accelerated superintelligence development
Meta disbanded its AI research lab FAIR to accelerate superintelligence development, shifting 500 researchers to product teams for faster AI integration.
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Compass Mining activates Texas Bitcoin facility with 2.5 EH/s hash rate increase in 2024
Compass Mining activated its Texas Bitcoin mining facility in 2024, boosting hash rate by 2.5 EH/s and utilizing ERCOT grid power for operations.
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Pirate Nation Ethereum RPG shuts down as crypto gaming graveyard expands with 12 failures in 2024
Pirate Nation Ethereum RPG ceases operations, joining 12 other failed crypto games in 2024 as blockchain gaming faces sustainability challenges.
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Bitcoin hashrate reaches 600 EH/s, mining difficulty up 3.5% in BlocksBridge report
Bitcoin hashrate hit 600 EH/s, mining difficulty rose 3.5%, transaction fees dropped 40%, and BlocksBridge reported on BTC and mining stocks.
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Crypto venture funding drops 59% to $1.9 billion in Q2 as later-stage deals dominate
Crypto venture funding fell 59% to $1.9 billion in Q2 2023, with later-stage deals led by firms like a16z and Paradigm dominating the landscape.
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OpenAI valued at $500 billion in employee share sale involving Microsoft and NVIDIA
OpenAI’s employee share sale values the AI firm at $500 billion, with Microsoft and NVIDIA as key investors in the artificial intelligence sector.
