Robinhood, the popular millennial trading platform, recently released its first-quarter earnings report, stunning analysts with record breaking revenues. The company reported revenues of $618 million, marking a significant 40% increase year-over-year. What’s more, revenue from cryptocurrencies saw an impressive surge of 232%, reaching $126 million. This growth was primarily attributed to a 59% increase in
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Polkadot, a blockchain protocol, has recently made significant improvements to its network performance. One of the key advancements includes enabling Asynchronous Backing on the network. This optimized approach for validating how parachain blocks are processed by the Relay Chain has resulted in blocks being produced twice as fast and a 6-10 times boost in available
The Hong Kong police force is currently on the lookout for four individuals who abducted a 55-year-old crypto investor in Tai Lau Leng Village, Sheung Shui district. The victim was riding in a car with her husband when the suspects stopped them and used a stun gun on the husband to take her away. She
As the U.S. presidential election approaches, the topic of cryptocurrency is gaining traction among voters. According to a survey conducted by the Digital Currency Group (DCG), one in five registered voters consider crypto to be a major issue in the upcoming 2024 election. The survey revealed that approximately 40% of voters want the candidates to
Bitcoin, the premier cryptocurrency, has been experiencing a slowdown not only in its price action but also in on-chain activity. This has raised concerns among investors who closely monitor these metrics to gauge the health of the market. One of the concerning metrics is the transaction volume on the Bitcoin network, which has been on
In recent weeks, the cryptocurrency market has experienced a downward trend after reaching an all-time high in March. This has sparked a buy-the-dip sentiment among traders, with many hoping for a quick rebound. However, according to the crypto analytics platform Santiment, the enthusiasm for buying cheap Bitcoin seems to be fading as the consolidation lingers
The recent sell-off of 6,714 ETH tokens by a crypto whale has caught the attention of traders and market experts alike. The whale sold off all its Ethereum tokens at a market price of $19.5 million, resulting in a loss of $6.5 million based on the acquisition price of these tokens. In the world of
Two of the United States’ biggest banks, JP Morgan and Wells Fargo, have recently made headlines by dipping their toes into the world of Bitcoin ETFs. This move signifies a shift in their previous stance on cryptocurrencies, given the ongoing bearish trend in the crypto market. Despite Bitcoin’s price hovering just above $60,000, both financial
In the past 24 hours, the cryptocurrency market has shown signs of a much-needed calmness, putting a halt to the previous bearish assault. Bitcoin is currently trading at around $61K, while Ethereum is struggling to maintain its position below the crucial $3K level. The recent correction in Bitcoin’s price, dropping below $61K and losing about
Cardano (ADA) is showing strong potential for an upward movement, according to crypto analyst Javon Marks. Marks highlighted the major progress ADA has made since breaking the resisting trend, noting that the crypto token attempted to move over 200% towards the first target at $2.77709. This recent pullback faced by Cardano could actually strengthen it