Daily Archives: 29/03/2022

Deutsche Bank: Instagram can earn up to $8 billion from NFT implementation

The German Deutsche Bank believes that the use of NFTs on Instagram will increase user confidence in collectible tokens. A recent report from Deutsche Bank suggests that NFTs could go mainstream thanks to support from Meta. The initiative of the owner of the social network can lower the barrier to entry into the NFT market. The authors of the report clarify: the provision of non-fungible tokens to a multi-million audience can lead to a reboot…

Bitfarms revenue grew five times in a year

Canadian mining company Bitfarms (BITF) reported annual and quarterly revenue growth of more than 428% and 33%, respectively. On March 28, BITF reported to the US Securities and Exchange Commission (SEC) on its results for the fourth quarter of 2022 and for the whole of 2022, announcing plans to expand capacity and increase project funding. Revenue for the quarter increased 33% to $60 million. Revenue for the year increased 426% to $169.5 million. Operating income…