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Home Latest Cryptocurrency News The Biggest Names in Blockchain in 2024 Revealed


THE BIGGEST NAMES IN BLOCKCHAIN IN 2024 REVEALED

By Crispus Nyaga - 5 min read
Updated 22 November 2024

As an industry, blockchain has consistently outperformed expectations.
Currently, it’s poised to reach $248.9 billion over the next 5 years, driven by
a staggering 65.5% compound annual growth. This explosive expansion stems from
the technology’s innate ability to reshape a vast array of industries via the
tenets of decentralization, transparency, and security. 


THE POTENTIAL OF BLOCKCHAIN

A number of key developments have accelerated not just the growth of blockchain,
but also its integration into the mainstream. Support from other Big Tech
sectors like gaming and fintech has raised the profile of decentralized
currencies, in turn bringing the networks that power them to the fore. 

This has made some very significant changes. In the gaming industry, for
example, the emergence of new platforms and gaming experiences, from Bitcoin
casino websites to play-to-earn titles, has pushed the utility of blockchain as
much as it has opened access to cryptocurrencies for the average consumer.
Cryptocurrencies have enormous potential when being used in the casino world –
not least because of the security boost that they offer – and many enthusiastic
gamers have moved toward using these for all sorts of online gaming fun, whether
it’s slots, poker, blackjack, or something else. This is just one example of how
blockchain is changing industries from top to bottom.

Moreover, the application of blockchain to fintech has given rise to DeFi  – the
decentralized finance sector, which is having a revolutionary impact on
financial systems across the globe. It’s transforming digital ownership via
non-fungible tokens (NFTs) and digital assets. Alongside all that, blockchain is
being increasingly integrated into traditional banking methods.

And as a result of such advancements? Well, a diverse set of companies are now
harnessing the potential of blockchain — in some genuinely innovative ways. In
this article, we’ll explore those heavy-hitting blockchain companies that are
pioneering a unique approach to demonstrating the versatility of this
technology, underscoring its pivotal role in the future of international
business.  


KEY TAKEAWAYS

 * Major blockchain developments include GameFi, decentralized finance (DeFi),
   NFTs, smart contracts, and integration into traditional sectors like banking
   and logistics. These trends showcase technology’s ever-growing role in
   transparency and efficiency. 
 * A diverse group of companies is leading blockchain innovation, from computing
   giants creating new digital asset ecosystems to start-ups focusing on
   decentralized data management and peer-to-peer transactionality. 
 * With blockchain advancing so rapidly, businesses from across all industries
   can stay competitive by harnessing its potential to establish secure and
   efficient operational systems. 


BLOCKCHAIN COMPANIES TO KNOW

Here’s a round-up of the core blockchain companies to know as we head into 2025.
While some exclusively operate in the blockchain space, you might recognize a
few household names who are leading the charge when it comes to utilizing and
advancing blockchain tech. 


RIOT PLATFORMS INC.

Exchange: Nasdaq

Mining is an essential component of the decentralized ecosystem, being critical
to Bitcoin and leading blockchain networks. Riot Platforms has been a top player
in the crypto mining space since its launch in 2000, and now offers solutions
across engineering and data center hosting. Often rated as a Wall Street Strong
Buy, the company maintains investments in Verady, Coinsquare, and Tess. 


RIPPLE

Known among gamers and traders for the XRP token, Ripple is actually a
powerhouse company in the decentralized technology sector. 

Having developed its blockchain network over a decade, Ripple is well positioned
as a company delivering products that enable businesses, governments, and
financial institutions to tokenize and manage value. Transparency and
cost-efficiency are at the center of the blockchain’s offering, which has seen
it attract a client base including American Express and BMO. 


COINBASE GLOBAL, INC.

Exchange: Nasdaq

The US’ largest cryptocurrency exchange by trading volume, Coinbase is another
multi-faceted blockchain company. It’s got a whole suite of products for retail
and institutions. Founded in 2012 by Bryan Armstrong, the company is
headquartered in San Francisco and incorporates Coinbase Pro, Coinbase Wallet,
and USD Coin. 

Coinbase’s profile has received a substantial boost this year due to playing a
crucial role in the brokerage of spot Bitcoin ETFs. 


BINANCE HOLDINGS INC

Who hasn’t heard of Binance at this point? Globally recognized, this blockchain
ecosystem has developed a comprehensive suite of decentralized products that
include the largest digital asset exchange. Founded by Changpeng Zhao in 2017,
Binance’s mission is to provide the “core infrastructure services for organizing
the world’s crypto.”

Crypto insiders will already be familiar with its currencies: Binance Coin (BNB)
and BinanceUSD (BUSD). While it was first launched on the Ethereum chain, BNB
has since migrated to the company’s own proprietary network, the BNB Chain,
indicating its industry-leading position in the blockchain and crypto space. 


IBM

Exchange: NYSE

The multi-national computing giant is well established in the Big Tech space.
For decades, its extensive suite of cognitive solutions and cloud platform have
powered industries, enterprises, and individuals across the globe – not a bad
record! 

With a 100+ year history in spearheading innovation, IBM has long been at the
forefront of pushing the capabilities of human-tech interaction. It’s therefore
not super surprising that it’s been one of the largest names to embrace
blockchain and now provides extensive solutions to build blockchain systems
across a diverse spectrum of industries, from supply chain management to food
product sourcing.   

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BIT MINING (NYSE: BTCM) INVESTS IN PROSPER’S NATIVE TOKENS TO SUPPORT NEW FOCUS
ON BITCOIN MINING

By Chainwire   - min read
14 November 2024

Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining
power on-chain and aiming to unlock the potential of Bitcoin through liquidity
farming, today announced a new investment in its native project token PROS by
one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE:
BTCM).

Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin
ecosystem has been well-received by the community. As part of this strategic
change, Prosper partners with prominent industry players to obtain various
services and products to deliver institutional-grade execution in managing its
mining hashrate.

This investment from BIT Mining represents another significant validation of
Prosper’s thesis by institutional backers. In addition to Prosper’s growing
roster of top-tier industry partners and sophisticated financial investors
(including a recently announced investment by Waterdrip Capital), Prosper’s
value proposition also resonates with cryptocurrency mining companies that bring
extensive experience in mining operations and a strong understanding of the
ecosystem. This investment aligns with Prosper’s strategic direction and
supports its new vision.


ABOUT BIT MINING LIMITED

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining
company with operations in cryptocurrency mining, data center operation, and
mining machine manufacturing. The company is strategically creating long-term
value across the industry with its cryptocurrency ecosystem. Anchored by its
cost-efficient data centers that strengthen its profitability with steady cash
flow, the company also conducts self-mining operations that enhance its
marketplace resilience by leveraging self-developed and purchased mining
machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also
owns 7-nanometer BTC chips and has strong capabilities in the development of
LTC/DOGE miners and ETC miners.


ABOUT PROSPER

Prosper is a decentralized protocol for a community that truly believes in
Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through
bridging institutional-grade Bitcoin mining power on-chain, and aims to fully
unlock the potential of Bitcoin. For more information, users can visit
prosper-fi.com or follow on X (formerly Twitter).

 

CONTACT

Prosper
[email protected]

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