🪙 Crypto News (Aug 9, 2024):
1️⃣ Metaplanet: The Japanese investment firm #Metaplanet has announced that its board of directors has approved a ¥1 billion loan (approximately $6.8 million). This entire sum will be dedicated to purchasing Bitcoin. 💸
2️⃣ The Block: Turbo Protocol has unveiled a new Layer 2 solution on Ethereum, capable of processing up to 400,000 transactions per second (TPS). To put this in perspective, Ethereum's main blockchain handles around 20-30 TPS, #Solana processes just over 1,000, and Visa manages approximately 24,000 TPS. 🚀
3️⃣ TASS: On August 8, Russian President Vladimir Putin signed a law that legalizes cryptocurrency mining within the country. The law, with some exceptions, will take effect on November 1. 🛠️
4️⃣ BitGo: On August 7, 2024, cryptocurrency custodian #BitGo was granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This license allows the company to provide cryptocurrency custody and trading services. 🏦
5️⃣ Immutable: The #Immutable NFT marketplace will officially shut down on August 13, with full redirection expected by September 27. This decision comes in response to the ongoing downturn in the NFT market. 🎨
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