Robinhood, a popular trading platform among millennials, recently released its earnings report for the first quarter of the year. The report showcased impressive numbers, with record revenues of $618 million, marking a 40% increase year-over-year. Moreover, revenue from cryptocurrencies saw a staggering surge of 232%, reaching $126 million. The firm attributed a significant portion of
Polkadot has recently made significant improvements to its network performance, which have resulted in a faster and more efficient processing of transactions. One of the key advancements is the implementation of Asynchronous Backing on the network, optimizing the validation process of parachain blocks by the Relay Chain. This has led to a doubling in the
The Hong Kong police force is currently on the lookout for four individuals who abducted a crypto investor in a shocking incident at Tai Lau Leng Village off Po Shek Wu Road in the Sheung Shui district. The unidentified woman, aged 55, was taken while she was in a car with her husband, with the
Bitcoin, the flagship cryptocurrency, has been experiencing a downward trend since hitting its all-time high in March. This has resulted in a shift in sentiment among crypto traders, with many no longer eagerly buying the dip in hopes of a quick turnaround. The previously prevalent “buy the dip” mentality seems to be fading as Bitcoin
As the 2024 U.S. presidential election approaches, crypto has become a significant topic of discussion among voters. A survey conducted by Digital Currency Group (DCG) revealed that one in five voters consider crypto to be a major issue in the upcoming election. Surprisingly, even though only 14% of voters currently have exposure to crypto, about
Ethereum (ETH) has experienced a significant downturn in the past week, shedding 6.45% of its value. This continues a trend of disappointment for investors, as the cryptocurrency has seen a decline of 16.57% over the last few months. The recent sale of 6,714 ETH tokens by a crypto whale has garnered attention from market experts
The recent sluggish price action of Bitcoin has not only led to concerns among investors but has also brought attention to the decline in on-chain activity on the Bitcoin network. Data analytics firm Santiment has revealed that various on-chain metrics, including transaction volume, daily active addresses, and whale transaction count, have all significantly dropped since
In the past 24 hours, the cryptocurrency market has experienced a significant calm after the storm, halting the bearish assault that was previously dominating. Bitcoin’s price is now hovering around $61K on a Sunday morning, while Ethereum has dropped below the crucial $3K level. Just a day ago, Bitcoin saw a sudden correction, plummeting below
In a surprising turn of events, two of the biggest banks in the United States, JP Morgan and Wells Fargo, have recently announced their foray into the world of cryptocurrencies by investing in Spot Bitcoin ETFs. This move marks a significant shift in their traditional stance towards digital assets, especially Bitcoin, which has been grappling
Cardano (ADA) has been receiving positive predictions from various crypto analysts, indicating a potential surge in its price. One analyst, Javon Marks, pointed out that ADA has been making significant progress since breaking the resisting trend. He highlighted the crypto token’s attempt to move towards the first target at $2.77709, suggesting that a recent pullback
Bitcoin saw a decrease in price by 3.06% on Friday, dropping to a low of $60,372.36 according to CoinMarketCap. Despite this decline, trading analyst Titan of Crypto remains optimistic about Bitcoin’s future potential. The analyst highlighted a bullish signal in Bitcoin’s daily price pattern known as the bullish engulfing candle, indicating a possible shift from
Core Scientific, a prominent player in the Bitcoin mining industry, recently announced its financial results for the first quarter of 2024. The company’s performance showed a remarkable improvement since its emergence from bankruptcy. With a net income of $210.7 million, Core Scientific demonstrated a significant turnaround compared to a net loss of $0.4 million in
The International Monetary Fund (IMF) has advised Nigeria to consider regulating the use of digital assets by licensing international cryptocurrency exchanges. This suggestion was put forth in the IMF’s latest consultation report for Nigeria. The goal behind this recommendation is to strengthen the country’s economic stability and elevate its position within the African cryptocurrency landscape.
The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act is gearing up for a potential House floor vote by the end of May, offering the crypto industry much-needed clarity on regulatory oversight. Advocated by House Financial Services Committee Chairman Patrick McHenry, this legislation aims to address the long-standing issues of market oversight