Wallet News
Trezor, a crypto hardware wallet company, is launching two new products today. The first is Trezor Safe, a new hardware wallet available in four colors and retailing for $79. The second is Trezor Keep Metal, a physical seed phrase store suitable for both 12-word and 24-word backups. It is available for $99 and can also be used for Shamir backup. To celebrate the 10-year anniversary of Trezor’s bitcoin hardware wallet, the company is releasing a limited-edition Bitcoin-only Trezor Safe 3. Only 2,013 devices will be available at a retail price of $79, with €21 from each sale going to support the Trezor Academy.
Web3 News
COZ and AxLabs, two Web3 software development companies, have joined forces to create ITEM Systems. This new brand aims to deliver solutions that bridge the physical and digital worlds using non-fungible item (NFI) technology. NFIs consist of a physical asset that is cryptographically bound to a digital twin, allowing for secure verification and transactions. ITEM Systems will focus on developing NFI-based solutions for industries such as arts, entertainment, luxury goods, gaming, brand activations, and financial transactions. The team has already launched use cases to showcase the potential of NFIs and accelerate Web3 mass adoption.
Stablecoin News
A group of Japanese firms plans to issue a digital currency called DCJPY by July 2024. The yen-based coin will be backed by bank deposits and will enable seamless settlement of clean energy certificates. GMO Aozora Net Bank will issue DCJPY on a network launched by DeCurret. The coin is intended for use by Internet Initiative Japan for the settlement of clean energy certificates, with plans to make them tradable using blockchain technology.
Mining News
CleanSpark, a Bitcoin miner, has purchased 4.4 exahashes per second (EH/s) of the recently announced Antminer S21 bitcoin mining machines. The S21 is nearly 20% more efficient than the previously most efficient bitcoin miner available in the market. The machines will be delivered starting in January 2024 and were purchased with favorable terms, including seller-based financing. CleanSpark expects the new machines to reduce power consumption per bitcoin mined and improve their margins.
Exchange News
Bitget has listed the action role-playing game (RPG) Big Time in its Innovation and GameFi Zone. Users can now deposit, withdraw, and trade Big Time tokens with USDT as the spot trading pair. Bitget has also launched a Deposit Rebate campaign for Big Time tokens, offering users a chance to grab a share of $10,000 worth of BIGTIME. Binance has rebranded its product Binance Feed to Binance Square, a vibrant social platform where users can create their own content and participate in community discussions. To celebrate the rebranding, Binance is offering users a chance to qualify for a share of 10,000 USDT in token vouchers by completing specific tasks during the Activity Period.
Hot Take: Crypto Industry Continues to Innovate and Expand
The crypto industry is constantly evolving, with companies like Trezor launching new hardware wallets and CleanSpark investing in more efficient mining machines. Web3 software development companies are also joining forces to create solutions that bridge the physical and digital worlds using non-fungible item (NFI) technology. Additionally, Japanese firms are planning to issue a digital currency for clean energy certificates, while exchanges like Bitget and Binance are expanding their offerings to include new tokens and features. As the crypto industry continues to innovate and expand, it is clear that blockchain technology is transforming various sectors and driving mass adoption.
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