Revenue Growth of FTX Surges by Over 1000% To $1.02B in 2021
FTX had $2.5 billion in cash and a 27% profit margin at the end of 2021.According to reports, FTX generated $270 million in Q1 2022.When Bitcoin (BTC) and other cryptocurrencies…
Gemini Exchange launch Staking Services For Polygon
There will be less technological requirements for its staking users.Gemini will pay for improvements to the infrastructure, as well as gas expenses.On August 18, Gemini finally began its staking process.…
SBI Holding Plans To Shut Down Mining Operations in Russia
The company not only mines Bitcoin but also Bitcoin Cash and Bitcoin SV. The precise date when SBI will end its cryptocurrency mining in Russia is still unknown. Japanese financial…
MTV Awards Adds Best Metaverse Performance Category
The Video Music Awards included online and virtual performances. This is the first year of the award, and it has nominations for six different acts. A new sub-category of the…
Epic Games Funds New P2E Blockchain-based Racing Game
The producers of Fortnite have granted the team an Epic MegaGrant. The program encourages the development of noteworthy, original works. Epic Games has provided funding to Grease Monkey Games, an…
DeFi Platform Fei Protocol’s Founder Devises Ghosting Tribe DAO
Fei Protocol offered the hacker $10 million in exchange for the restoration.The agreement strives to protect the FEI peg without the requirement for governance.To mitigate the effects of an assault…
SBI Holding Plans To Shut Down Mining Operations in Russia
The company not only mines Bitcoin but also Bitcoin Cash and Bitcoin SV.The precise date when SBI will end its cryptocurrency mining in Russia is still unknown.Japanese financial services giant…
FTX CEO Sam Bankman-Fried Backs US Crypto Derivatives
First launched in 2019 as a derivatives exchange, FTX has since branched out.The cryptocurrency exchange completed the purchase of Ledger Holding in 2021.FTX CEO Sam Bankman-Fried insists that his focus…
Tether Posts 58% Decrease in Commercial Paper Holdings
Tether highlighted that their entire assets were more than their total liabilities.Tether’s commercial paper holdings have decreased by more than 57.5 percent.Tether, the provider of the most popular stablecoin (USDT),…
Prominent Australian Exchange ‘Swyftx’ sacks 21% Workforce
The crypto exchange announced in June that they will be combining with Superhero.Swyftx is the latest cryptocurrency company to experience growing pains.To combat the present bear market, Australian cryptocurrency exchange…