• Block Inc. reported a drop in bitcoin (BTC) sales in its Q4 results, with revenue falling by 7% year-on-year. • The cause of the decline in bitcoin income is attributed to the decrease in BTC’s price throughout 2022. • Despite the reduced bitcoin sales, gross profit for Block Inc. increased by 40%, and after-hours …
Block’s Q4 Report Shows Bitcoin Revenue Drop, But Overall Profits Rise Weiterlesen »
Overview • Tether Holdings, the issuer of USDT, is now claiming that every USDT in circulation is backed „in excess of 81% by cash and cash equivalents“. • Tether Holdings has locked $39 billion in United States Treasuries to assure their liquidity. • As of Feb. 16, USDT now commands a bigger market share, exceeding …
Tether Claims USDT Is Overcollateralized: $39B Locked in US Treasuries Weiterlesen »
• Ethereum based liquid staking protocols such as Lido (LDO), Coinbase (COIN) and Rocket Pool (RPL) have seen a surge in Total Value Locked (TVL), with gains of 20-40% over the past month. • Liquid staking on Ethereum allows users to stake their ETH on the Beacon chain and maintain liquidity at the same time. …
Liquidity Staking Surges on Ethereum! Lido, Coinbase, Rocket Pool Lead the Way Weiterlesen »
• The Damus app backed by Twitter’s former CEO Jack Dorsey, has been recently approved and incorporated into Apple’s app store. • The app utilizes the decentralized network created by the Nostr open protocol, allowing encrypted end-to-end conversations among other services. • The approval of the Damus app marks a milestone in implementing open protocols. …
Damus App Approved and Incorporated Into Apple’s App Store! Weiterlesen »