Leaked financials show that FTX experienced rapid growth last year, with the exchange recording over a billion dollars in revenue and quickly expanding across the globe.
During a bankruptcy hearing, Celsius’ Chief Financial Officer, Chris Ferraro, announced that the embattled cryptocurrency lender will have additional funds thanks to maturing loans, as well as savings on sales and taxes. It is now likely that Celsius will be able to fund its operations until the end of the year.
SBI Holdings, Japan’s leading financial service company and largest online brokerage, is reportedly ceasing its mining operations in Siberia, Russia. A spokesperson for the firm announced that one of the reasons behind the move is the sanctions imposed on Russia in the wake of the invasion of Ukraine.
Top stories in the Crypto Roundup today:
- FTX Sees Revenue Soar 1,000% in 2021
- Celsius Reports That It Likely Has Enough Cash to See Through 2022
- SBI Holdings To Halt Russia Bitcoin Mining Operations