The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s...Read More
Disgraced FTX founder Sam Bankman-Fried revealed that he hasn’t experienced abuse and doesn’t “feel unsafe.” The only time he feels bothered is during the night when they ask about the rice bags they plan to use for trade. This was his first comprehensive interview since being imprisoned. SBF’s Prison Survival: Beans, Rice, and a Currency...Read More
The Hong Kong police force is in search of four men who abducted a crypto investor on Tuesday at Tai Lau Leng Village off Po Shek Wu Road in Sheung Shui district. According to a report by the South China Morning Post, the suspects stopped the 55-year-old woman while she rode in a car with...Read More
The high-tech industry continues to make active inroads into the blockchain industry, proposing and building out new solutions that make Web3’s products better and more usable by mainstream folks as well as sophisticated industry participants. 1. Block CEO Jack Dorsey – Bitcoin Bull Back in 2021 at “The B-Word” conference by Crypto Council for Innovation,...Read More
Crypto is emerging as a hot topic in the U.S. presidential election this year, with many voters looking forward to hearing their candidates takes on the asset class. Per a Digital Currency Group (DCG) survey of 1201 registered voters conducted last month, about one in five voters view crypto as a major issue in the...Read More
With Bitcoin crashing back to the $60,000 support zone, the crypto market took a huge dip last night. The BTC price fall of 3.62% amplifies the supply wave in the altcoins market, resulting in a breakdown in many coins. While Bitcoin clings to the support zone, the altcoins could crash in the coming week if...Read More
Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed...Read More
Founder and former CEO of Digitex Futures Exchange, Adam Todd, has pleaded guilty to willingly leading the firm to fail to establish an Anti-Money Laundering (AML) program. Notably, the former CEO’s plea was issued in a federal court in the Southern District of Florida on May 7. Former Digitex CEO Pleads Guilty The U.S. Attorney’s...Read More
On May 11, the American businessman and television personality said if Joe Biden loses the presidential election, “there is a good chance you will be able to thank Gary Gensler and the SEC (Securities and Exchange Commission).” “Crypto is a mainstay with younger and independent voters,” he said before adding that SEC Chair Gensler “has...Read More
The leader in Bitcoin mining has announced its financial performance for the first quarter of 2024, revealing an improvement since its emergence from bankruptcy. The company reported a net income of $210.7 million compared to a net loss of $0.4 million for the same period in 2023. Core Scientific’s Q1 Results Total revenue surged to...Read More
Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Friend.Tech’s model, which financializes social interactions, has drawn attention, particularly with the launch of its version 2 platform and the airdrop of its FRIEND...Read More
Imagine paying for your morning coffee with the cryptocurrency gains you made overnight. RCO Finance, a DeFi trading platform, is making this a reality by securing a $250,000 investment to further develop its cutting-edge DeFi card services. This development reflects our commitment to empowering our trading community with the necessary tools. What are DeFi Card...Read More
Neel Somani, the founder and CEO of the Ethereum layer 2 blockchain project Eclipse, has announced a temporary reduction in his role following allegations of sexual misconduct. In a statement posted on May 9th, Somani addressed the accusations, asserting his innocence while acknowledging the seriousness of the situation. Somani Denies Sexual Misconduct Allegations The allegations...Read More
Kraken and the US Securities and Exchange Commission (SEC) remain embroiled in a dispute, as the crypto exchange filed a new document questioning the accuracy of the regulator’s case. The development comes three months after Kraken filed a motion to dismiss the SEC’s lawsuit against it. SEC’s Case Isn’t Worded Correctly Kraken recently filed a...Read More
Over the years, analysts and developers have touted Ethereum as a deflationary network, presenting the blockchain as ultrasound, aligning with Bitcoin’s sound money principle. However, that seems to have changed with the network’s latest upgrade. CryptoQuant analysts revealed in the firm’s latest weekly report that Ethereum ceased to be a deflationary network after the Dencun...Read More
The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium Slumps For the uninitiated, the kimchi...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, May 10th, 2024] Bybit, one of the world’s top three crypto exchanges by volume, has once again underscored its dedication to transparency and trustworthiness by releasing its proof-of-reserves audit, which includes 40 cryptocurrencies, the most comprehensive in the sector. The cryptos covered and all backed over 100% are:...Read More
[PRESS RELEASE – SANTA CLARA, California, May 10th, 2024] CARV, the leading modular data layer for gaming and AI, is excited to announce an industry-first Node Buyback Program for its upcoming Verifier Node Sales. This program allows node purchasers to opt in for a buyback of up to 100% from CARV’s treasury post-token launch. The...Read More
With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the company’s clients, DWF Labs. Binance, however, denied the report, stating that the cryptocurrency exchange maintains a strict...Read More
The Nigerian government has denied the allegations made by Binance’s CEO, Richard Teng, claiming that its officials demanded a $150 million bribe to settle the criminal charges against the crypto exchange. In an official statement released on Wednesday, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, dismissed the claims as...Read More
Canada has imposed a fine against Binance – the world’s largest crypto exchange – for running afoul of the nation’s anti-money laundering rules last year. Per a public notice published on Thursday, the federal government said Binance didn’t comply with rules and registrations related to operating as a foreign money services business (FMSB). Binance Fined...Read More
MarketVector, a subsidiary of the renowned American asset management giant VanEck, has launched the MEMECOIN Index. It has shown impressive performance, surging 195% in the past year and 137% since the start of 2024. This index aims to track the performance of six popular meme coins, such as DOGE, SHIB, and others. VanEck’s MEMECOIN Index...Read More
[PRESS RELEASE – New York, New York, May 9th, 2024] Arch Raises $7M Led By Multicoin Capital To Build The First Bitcoin-Native Application Platform ArchVM Enables Bridgeless Applications On Bitcoin, The World’s Largest And Most Secure Blockchain HONG KONG, MAY 8, 2024 — Arch Labs, the inventors of Arch, a Bitcoin-native application platform that unlocks...Read More
Crypto analyst Crypto Jebb has identified a significant chart pattern on Bitcoin that could potentially propel its price to $75,000. In a recent video, Jebb discusses the emergence of an inverse Head and Shoulders pattern, signalling a possible rally for the leading cryptocurrency. The inverse Head and Shoulders pattern, according to Jebb, presents a bullish...Read More
The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688. Bitcoin Mining Difficulty Negatively Adjusts Bitcoin’s mining difficulty measures how...Read More
[PRESS RELEASE – Willemstad, Curaçao, May 9th, 2024] Crypto.Games Casino Expands Cryptocurrency Options with the Addition of Polygon (MATIC) In a strategic move to expand its cryptocurrency offerings and improve transactional efficiency, Crypto.Games, the premier online crypto casino, is excited to announce the integration of Polygon (MATIC) into its payment options. This addition highlights CryptoGames’...Read More
[PRESS RELEASE – Lisbon, Portugal, May 9th, 2024] Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and...Read More
[PRESS RELEASE – George Town, Cayman Islands, May 9th, 2024] Since its creation in 2018, SimpleSwap has been committed to providing its customers with straightforward, swift, and secure cryptocurrency exchange services. Celebrating its six-year anniversary in the market, this platform takes pride in its achievements and the changes it has undergone during this time. SimpleSwap’s...Read More
[PRESS RELEASE – Ljubljana, Slovenia, May 9th, 2024] Blocksquare, a tokenization infrastructure provider for real estate, is delighted to announce that its native token BST has been added to the fiat checkout system of global crypto on- and off-ramp Banxa. The integration will enhance the accessibility of BST, enabling users from around the world to...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, May 9th, 2024] Building on the momentum from a successful first day of the World Blockchain Summit (#WBS), organized by Trescon, Day 2 concluded with thought-provoking discussions, cutting-edge innovations, and actionable insights at the JW Marriott Hotel Marina in Dubai. Held on April 22nd and 23rd, the event...Read More
