Nike Becomes Highest Earning Brand by Making $185+ Million in NFT Sales
Nike had $1.3 billion in transaction volume with $93 million from primary sales of NFTs while generating $92 million in the form of royalties.
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3AC’s Liquidator Gets Singapore Court’s Recognition to Probe
Teneo, the court-appointed liquidator of insolvent 3AC, received the recognition of the Singapore Court on its liquidation order
Ronin Bridge Moved funds to Bitcoin Network Using Tornado Cash and Blender
The hackers moved the $625 million worth of USDC and ETH to crypto mixer Tornado Cash.
Crypto Airdrops to be Taxed Under South Korea’s Gift Tax Act
Crypto airdrops will be subjected to the nation’s gift tax under the Inheritance Tax and Gift Tax Act.
Cryptocurrency Exchange FTX Grew Revenue by 1000% in 2021
FTX increased its revenue by over 1,000% during 2021, from $89 million to $1020 million.
Largest ETH Pool-Ethermine Stops Processing Tornado Cash Transactions
According to crypto analyst Takens Theorem, Ethermine had stopped processing Tornado Cash transactions over a week ago.
Cardano Testnet Faces a Bug, Vasil Hard Fork Upgrade May Likely get Delayed
Cardano developer Adam Dean has stated that the blockchain's testnet is "catastrophically broken" owing to Cardano's rush to launch the Vasil hard fork upgrade.
Australian Crypto Exchange Swyftx Lays Off 21% of its Staff
The Swyftx CEOs stated that 74 colleagues had to be laid off owing to current economic conditions. CEO’s described the move as “a last resort".
Crypto Lender Hodlnaut Lays off 80% of the Working Employees
The crypto lender said there are "pending proceedings" between the company and Singapore police and that the layoffs were to reduce the company's expenditure
Canadian Crypto Exchanges Enforce 30k CAD/ Year Buy Limit on Altcoins
Bitcoin,Litcoin, Bitcoin Cash, Bitcoin, and Ethereum are excluded from the buy limits