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Tag: Generated
Former FTX Executive Generated Millions for His Charity Via FTT Insider Trading: Report
Ruairi Donnelly, former chief of staff at bankrupt crypto exchange FTX, used insider trading information of FTX tokens (FTT) to enrich his charitable foundation, Polaris Ventures. A majority of Polari...
Bitcoin Miners Generated $600K From Ordinals Transactions in 2 Months: Dune
Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. ...
Tron Network Generated $48 Million in Revenue in Q4 2022
Blockchain News Tron also saw an increase in daily active addresses and daily transactions. The number of daily active addresses increased from 2.6M in Q3 to 3.1M in Q4. Financial data analytic firm M...
Tron Generated $48 Million in Revenue in Q4, 2022: Research
According to figures provided by Messari, the decentralized digital platform – Tron – made a revenue of $47.9 million in the last quarter of 2022, a 25% increase compared to Q3. The entity also recor...
Chiliz Chain 2.0 first block generated but CHZ hangs back
Chiliz Chain 2.0 generated its first block amid a CHZ decline. Social metrics spiked but long suffered immense liquidations. On 8 February, Chiliz [CHZ] announced that its recently launched chain 2.0 ...
Tether Generated Over $700 Million in Profits in Q4, 2022
Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022. It ended last year with excess reserves of $960 m...
OArtsLab Farmers: NFTs generated by AI
OArtsLab, the “new” Web3 Company, is ready to launch the second NFTs collection of its Mint Pass in collaboration with The Cryptonomist. Investors and collectors will have access to a special NFT coll...
Can blockchain solve the ownership debacle over AI generated art?
Web3 and emerging technologies have been pushing the boundaries of art distribution, ownership and engagement with fans. However, not all of the recent developments are welcomed by the art community, ...
N.Korea Generated Over $1B Through Crypto Theft to Fund Nuclear Program
North Korea has generated over $1 billion through crypto heists over the past two years to fund its nuclear program, the Korea Herald reported on Wednesday, citing a statement from Alejandro Mayorkas,...
Price Increase Generated By Uniglo.io Burn Event, How Does The Ethereum-Based Project Compare to Shiba Inu?
As the revolutionary burn mechanism generated the price increase in Uniglo, it seems the Ethereum-based project has something in common with the popular Shiba Inu coin. Both currencies employ unique b...
Crypto Bankruptcies Have Generated a Wave of New Accounting Clients for Armanino
Although bad news for the companies involved, bankruptcies, liquidations, and tokens going to zero have created myriad opportunities for accounting firms like Armanino. The company, founded in 1969, s...
Marathon Digital Generated 184 BTC in Aug, Total Holding 10,311 BTC
Marathon Digital stated that as of August 31, 2022, it holds 10,311 BTC, with a total value of $206.7 million, and produced 184 BTC in that month. The crypto mining company also said it increased the ...
Nike Generated Over $185M in NFT Sales
The leading athletic apparel company – Nike – has surpassed many prominent names with its NFT sales this year. According to the latest stats, Dolce & Gabbana, Tiffany, Gucci, and Adidas are reapin...
FTX generated more than a billion dollars in revenue last year: CNBC
Crypto exchange FTX generated more than $1 billion in 2021 revenue after making only $90 million the year before, according to a new report from CNBC. The growth was driven by its global trading busin...
Marathon Digital Says Generated 707 BTC with YoY Increase of 8% in 2022 Q2
Marathon Digital Holdings, Inc. announced its July 2022 operational update on Aug 8, revealing that the cryptocurrency mining firm had mined 707 bitcoins, an increase of 8% year-over-year in the secon...
Hut 8 Mining Corp Generated 330 BTC in July, Becoming one of the Largest BTC Holders
North American publicly traded cryptocurrency mining company Hut 8 Mining Corp has announced its operational update of July. Last month, Hut 8 revealed that it mined 330 Bitcoins at an average rate of...
Solana-Based Move-to-Earn App STEPN Generated Over $122M in Profits in Q2
Solana-based move-to-earn application amassed $122.5 million in profits through its platform fees in Q2 2022. Fund Deployment According to the official announcement, STEPN plans to use 5% of the profi...
US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million
The U.S. Department of Justice (DoJ) has indicted six people allegedly involved in different crypto crimes, including NFTs, that siphoned $135 million from unsuspecting investors. Baller Ape NFT promo...
Ferragamo’s New Experiential Retail Playbook Draws On User Generated NFTs And 3D Hologram Tech
NFT creator and minting booth at the Salvatore Ferragamo Greene Street Concept Store in Soho New … [+] York. Shane Drummond/BFA.com Salvatore Ferragamo has opened a 2600 square foot concept stor...
As per Blockchain Data, The Ronin Exploit Has Generated $10 Million In Ether
Twitter even revealed confirmation of the Lazarus group’s involvement in the March exploitation in a thread. Following the major attack and exploitation, Sky Mavis, the Ronin Bridge, and the Axie Infi...
In Q1 2022, Block Generated $1.73 billion In Bitcoin Sales via Cash App: Reason Behind Yearly Drop
Block reported a Bitcoin sale of $1.73 billion via Cash App during the first quarter of 2022 on Thursday. During the same period, the firm also generated around $43 million worth of sales in Bitcoin ...
Singapore to Tax Income Generated From NFT Transactions
Singapore’s income tax treatment will be determined based on the nature and use of the NFT. Taxing NFTs According to the latest report by The Business Times, Singapore Finance Minister Lawrence Wong w...
Kraken will donate fees generated from Russian transactions to Ukraine
Kraken has announced it will donate an amount equivalent to total trading fees generated from Russia-based clients during the first half of 2022 to Ukraine. The donation is part of an “aid package” wo...
Ethereum miners generated $1.19 billion in revenues during February
Ethereum miners brought in $1.19 billion in revenue in February. Most of these revenues came from the block subsidy ($1.09 billion) and only a small portion from transaction fees ($109.77 million). Th...
Bitcoin miners have generated revenue of over $1 billion in February
Recent reports revealed the data about the total income of bitcoin miners generated in February month by bitcoin mining Research by The Block Research came out on 1st March consisted of the details of...
Blockchain startups grow as global VC funding generated $25.2B in 2021
Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of ...
LooksRare Has Reportedly Generated $8B in Ethereum NFT Wash Trading
In brief New NFT marketplace LooksRare is rife with wash trading as users attempt to game the trading rewards model, according to analytics firm CryptoSlam. CryptoSlam estimates that LooksRare has gen...
The MiamiCoin project has generated $22.5 million for the city. Now comes the hard part: using it
Quick Take The CityCoins protocol launched its first city token, MiamiCoin, last August. Since then, it’s generated millions for Miami — but now the city has to navigated the legalities of acces...