The cash applications business of Block – which belongs to Jack Dorsey, the founder of Twitter – reported the company’s revenue of $1.83 billion in the fourth quarter of 2022, which is a decrease of 7% from the same period in the previous year (2021). . Block attributed the drop in bitcoin income and revenue…

After announcing the Hong Kong government’s intention to inject HK$50 million ($6.4 million) into Web3 projects as part of the city’s 2023-2024 fiscal year budget, cryptocurrency exchange Gate.io is preparing to build a presence and branch in Hong Kong. On February 22, Gate Group announced that it will apply for a cryptocurrency license in Hong…

The Lido Finance protocol recorded the highest staking flows on a daily basis on Saturday, with over 150,000 Ethereum (ETH) on the platform. According to data analytics platform Web3 Lookonchain, Justin Sun, the founder of Tron, has staked 150,100 ETH worth $240 million on Lido. The data shows that Sun deposited the assets in four…

Blur announced on Tuesday that around $300 million in cryptocurrency will soon be distributed to loyal users of the platform. This comes days after Blur overtook the previously untouchable OpenSea as the most popular NFT trading platform in terms of trading volume. The platform will release 300 million of its BLUR tokens to traders over…

CoinEx has announced a special fee discount promotion in collaboration with fiat currency service provider Simplex. The two-week campaign, which kicks off on February 22nd, shows CoinEx’s appreciation for the continued support and trust from its users. During the promotion, all CoinEx users will get a 2.5% fee discount for buying USDT, USDC, BTC, and…