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Bitcoin Industry

Channel address: @bitcoin_industry
Categories: Cryptocurrencies
Language: English
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☄️ Publishing news from the crypto industry faster than anyone else ☄️
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The latest Messages 8

2023-12-21 15:00:07
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40.2K views12:00
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2023-12-20 19:00:02
BlackRock Spot Bitcoin ETF Gains Momentum With Second SEC Meeting in December

BlackRock, the world’s largest asset manager, is continuing to push forward with plans to launch a spot Bitcoin exchange-traded fund (ETF). In a positive sign for the potential approval of a spot Bitcoin ETF, BlackRock met with the United States Securities and Exchange Commission (SEC) for the second time this month to discuss BlackRock’s proposed Bitcoin ETF.

According to an SEC memo, the December 19 meeting included BlackRock’s Head of Digital Assets Robert Mitchnick and members of the asset manager’s ETF team. Nasdaq representatives were also present, including the exchange’s VP and Chief Regulatory Officer Joseph Cusick.

The discussion centered around Nasdaq’s proposed rule change to list and trade shares of the BlackRock iShares Bitcoin Trust. This would allow the trading of the spot Bitcoin ETF on the Nasdaq exchange, utilizing existing guidelines under Nasdaq Rule 5711(d).
55.7K views16:00
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2023-12-17 15:02:02
Iris Energy to Ramp Up Capacity in 2024 Following $22M Spend on Bitmain Rigs

Renewable Bitcoin mining company Iris Energy has revealed the acquisition of 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s. In a press release on December 15, the company disclosed plans to acquire 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited at $14/TH ($22.3 million).

Prior to the latest purchase, Iris Energy had initially ordered Bitmain S21 miners to generate 1.4EH/s of mining output. These S21 and T21 miners, scheduled for shipping in Q2 2024, are expected to enhance the overall fleet efficiency from 29.5 J/TH to 24.8 J/TH upon installation.

Meanwhile, Iris Energy’s 80MW data center expansion in Childress is progressing. It is set to deliver incrementally from January 2024 to Q2 2024 and support the operating hashrate growth from 5.6 EH/s to 10 EH/s.

Early works and procurement efforts for an additional 100MW of data centers at Childress are also ongoing, backed by an immediate 500MW power availability on-site. This recent acquisition follows the June 20 announcement of Iris Energy advancing the construction of 80MW of data centers for Phase 1 (first 100MW) at its 600MW Childress site.

These additional 4 x 20MW data centers are expected to boost the company’s potential operating capacity by approximately 63%, reaching 9.1 EH/s from the current 5.6 EH/s, with completion targeted for early 2024.
70.5K views12:02
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2023-12-14 18:02:11
Cheating Rampant in Blockchain Chess

The management team of the blockchain chess game Immortal Game has decided to kill off its non-fungible tokens (NFT) play-to-earn (P2E) features. The reason: widespread cheating.

“Our heart lies in chess,” the team said. They aim to make Immortal Game a top online chess hub – one that is fair and enjoyable for all players. Therefore, among other things, the developers are looking into Web3 and decentralized technologies, especially anti-cheat measures and community engagement.

However, they have encountered some major difficulties on their path. The Wednesday announcement stated that,

“After careful deliberation, we have decided to stop development on play-&-earn and NFT collectibles related features on Immortal Game.”

The game’s developers learned that by offering large amounts of cash with no limit barrier to entry, they actually “encouraged heavy cheating” on the platform. At the same time, that degraded the user experience for the legitimate players who looked for a safe and fair online chess platform.
72.8K views15:02
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2023-12-14 15:01:23
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71.8K views12:01
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2023-12-13 15:00:08 CHREMA Confirmation Airdrop EVENT

Chrema transforms various Real World Assets (Real World Assets) into NFTs, including real estate, artwork, and financial securities, into digital assets, and these NFTs are integrated into DeFi platforms individually or in pool form, providing new financial opportunities for investors and borrowers.

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85.4K views12:00
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2023-12-11 15:00:02
Binance P2P to Discontinue Russian Ruble Trading Pair From January 31 Next Year

Digital asset exchange Binance has announced a discontinuation of the Russian Ruble trading pairs on its peer-to-peer (P2P) platforms from Jan 31, 2024.

In a Dec 11 official announcement, the company disclosed that it would no longer support the Russian Ruble trading pairs for digital assets after the firm marked an exit from the country following wider regulatory and compliance concerns.

Fellow Binancians. Following the decision of exiting Russia with sale to CommEX, Binance P2P will no longer support the Russian Ruble (RUB) trading pairs, i.e., USDT/RUB, BTC/RUB, FDUSD/RUB, BNB/RUB, ETH/RUB, BUSD/RUB and RUB/RUB P2P trading pairs, starting from 2024-01-31 00:00 (UTC).

Users are expected to continue trading with the Russian Ruble on the CommEx platform and can connect the accounts to a corresponding Binance account to transfer assets held on Binance to CommEX following the market exit.

On the other hand, users can also opt to convert RUB for crypto via the spot market or withdraw the assets directly through fiat partners before the deadline on Jan 31.
77.6K views12:00
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2023-12-08 15:00:16
Reebok’s Blockchain-Powered Gaming Experience Set to Transform Fashion

AI and metaverse technologies firm Futureverse and American sports culture brand Reebok have joined hands to create AI, Web3, blockchain-based gaming, and metaverse experiences.

While the two are expected to make digital versions of Reebok wearables linked to non-fungible tokens (NFTs), it seems that they will focus heavily on gaming and metaverse.

According to the press release, the premier collaboration ‘Reebok Impact’ – digital shoes merged with AI and on-chain digital wearables – is set to launch in 2024.

It stated that,

“Reebok and Futureverse will debut “Reebok Impact,” a mind and heart-bending digital shoe experience that will allow mass consumers to dive into artificial intelligence and digital wearables.”

Futureverse co-founders Shara Senderoff and Aaron McDonald commented that the collaboration is a fusion of artificial intelligence (AI), Web3, gaming, and metaverse technologies. It will transform how consumers define digital fashion, they argued.

“It’s an invitation for consumers to step into a world in which their digital footprint is as significant as their physical one,” said the co-founders.
83.8K views12:00
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2023-12-05 15:00:03
Robinhood Reports a 75% Surge in Crypto Trading Volume in November

Robinhood has reported a substantial 75% increase in cryptocurrency trading volume for November compared to October, highlighted in a recent filing with the U.S. Securities and Exchange Commission (SEC).

In their detailed 8-K update to the SEC, Robinhood’s significant uptick in crypto trading in November was noted to mark a notable shift in the platform’s recent performance. This increase in trading activity comes after a period of comparatively lower engagement, suggesting a renewed interest in cryptocurrency trading among Robinhood’s user base.

The file provided by Robinhood to the SEC explicitly stated, “November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels.” The “Notional Trading Volume” was defined as “the aggregate dollar value (purchase price or sale price as applicable) of trades executed in that asset class over a specified period of time,” November in this case.

Prior to this notable surge, Robinhood’s cryptocurrency trading had been witnessing a decline. The exchange had reported a significant decrease in transaction-based revenues from cryptocurrencies, with a 55% drop to $23 million in the third quarter of 2023.
95.0K views12:00
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2023-12-02 15:00:00
KuCoin Ventures Release $20K Grant to Build TON-Based Mini-Apps

KuCoin Ventures, the investment arm of crypto exchange KuCoin, has pledged a grant of $20,000 to the Open Network (TON) blockchain platform.

In a statement on December 1, KuCoin revealed that the funding is intended to support the growth and expansion of the TON ecosystem.

This includes financial support for five mini-applications that focus on payments, game finance (GameFi) platforms, research and development efforts, community-building initiatives, marketing activities, and incubation programs such as the TON Bootcamp.

By funding these innovative projects and empowering research and developments, the platform aims to create a vibrant community and effective marketing initiatives about the TON blockchain.

This grant initiative results from the collaboration between KuCoin Ventures and TON Foundation, a non-profit organization aiming to pave the way for future collaborations between crypto platforms and public chains.
100.3K views12:00
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