In its amended initial public filing (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC), Popular stock trading platform Robinhood revealed that it is expecting its revenue to drop in Q3 2021 as a result of the cool-off in the trading activity of the cryptocurrency market. Robinhood Expecting Drop in Revenue With Robinhood planning...Read More
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has revealed that it is launching a new NFT-focused arm, dubbed Polygon Studios. Polygon Launches Gaming and NFT Arm In an official press release shared with CryptoPotato, Polygon noted that the new division will be focused on growing the global Blockchain Gaming and NFT industry,...Read More
Grayscale announced the release of its latest product called Decentralized Finance (DeFi) Fund to enable institutional investors to receive exposure to assets from that particular space. Some of the tokens represented in the fund will be Uniswap (UNI), Aave (AAVE), and Compound (COMP). Launched in 2013, Grayscale has become the largest digital asset manager with...Read More
Although the US Securities and Exchange Commission has failed to approve even a single BTC ETF application, the Grayscale CEO believes it’s a matter of “when, not a matter of if.” In a recent interview, Michael Sonnenshein also outlined that the current price correction has allowed long-term investors to accumulate more portions. BTC ETF: A...Read More
Ethereum Price has been trading in the $1,869.34 – $1,973.97 range in the last 24 hours. ETH made a failed attempt at breaking $2000 resistance, a decline followed right after resulting in a dip below the $1950 support level and settling below the 100 hourly SMA. The price has already fallen below the $1,920 support...Read More
Cardano price has been trending downwards. Although technical indicators predict a trend reversal, the public blockchain crypto is fighting to hold onto critical support. ADA price has also hit a monthly low of $1.15, as ADA has struggled to break over the $1.40 barrier. After a long period of bearishness, the market has begun to...Read More
One of the most highly anticipated events in the Binance community is the quarterly burn of BInance Coin (BNB). This time around, the company burned almost $400 million worth of it. Binance, the world’s leading exchange by means of trading volume, has completed the 16th quarterly burn of BNB. According to the company, the entire...Read More
