FTX revenue reportedly grew 1000% in one year, leaked documents reveal

FTX was among the many crypto exchanges with a front-row seat to witness the crypto hype of 2021, back when Bitcoin (BTC) and other cryptocurrencies hit their all-time highs. Driven by massive customer onboarding, partnerships, sponsorships and other factors, FTX’s revenue reportedly grew 1000% in 2021 — revealed internal documents. Audited financials of FY 2020-2021…

What Is a Monopoly?

What is a monopoly? A monopoly is a market structure where a single seller or producer assumes a dominant position in an industry or sector. Monopolies are discouraged in market economies because they stifle competition and limit substitutes for consumers. In the United States, antitrust laws are in place to restrict monopolies, ensuring that a…

Moving into a New Apartment Suddenly: How to Make it Liveable ASAP

If you are finding yourself wrapping plates in newspaper and asking for cardboard boxes from the supermarket, chances are you’re in the midst of moving out. Moving into a new space can be exciting, but once you’re there, you’re likely standing in a sea of boxes, wondering what to tackle first. Do you want to…

Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumbling crypto prices also equate to diminishing profits for Bitcoin miners and this week’s regulatory action by the United…

Mona Bushnell

Live Mona’s interest in business and finance began at a young age, inspired by reading the now defunct Zillions magazine, a children’s version of Consumer Reports published by Consumers Union. She opened her first checking account at the age of 10 and became passionate about saving. However, after getting her first full-time job, she realized…

USDC whale holdings percentage lowest in almost two years

The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues. Cryptocurrency analytics firm Glassnode has released the latest data on USDC metrics, reflecting a recent sell-off of the second biggest U.S. dollar-backed stablecoin by market capitalization. $USDC Percent…