Crypto prices are downfalling. FTX, a Bahamian cryptocurrency exchange, is making a profit of 1000%, and Voyager Digital is facing a loss. The world of crypto is changing every day.
Crypto prices are downfalling every day. Bitcoin, Ether, and Solana have fallen by 0.53%, 2.09%, and 4.27%, respectively. Investors are thinking of focusing on inflation. The investors are still holding optimism.
The FTX made a considerable profit. This is a bohemian cryptocurrency exchange. They have brought in a billion dollars of revenue this year. Their 2020’s operating income was $272 million, which was $14 million in 2020. Its revenue in 2021 is $1.02 billion. This is a 1000% increase from the year.
FTX has invested 15% in marketing and planning to cast some celebrities for advertisements. The company is now trading in Antigua, also. But the Digital Markets have been controlled by their origin country, which is the Bahamas.
Australia is finally ready to regulate cryptocurrency. They are developing a ‘token mapping’ process to regulate the crypto. Also, the current government has made a statement that the last government was not mature enough to handle cryptocurrency regulations.
Voyager Digital has taken a decision to block rewards to its employees. They are facing bankruptcy. There are so many people who have used the credits. But the company is facing problems in paying its debts. They already have given bonuses to their well-compensated employees.
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