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 […]

Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face mounting pressures as pandemic savings dry up and economic growth falters. “Our desk is getting bearish on consumer and our soft […]

Johnson City's planning commission will consider a change to zoning rules Tuesday night to allow cryptocurrency mines in city limits.

Reports of people trying to use counterfeit cash are spreading across the US. Headlines on various attempts to pay with fake money are popping up around the country, with ABC News declaring counterfeiting is “making a comeback.” Police in Hilo, Hawaii say someone has been bleaching the ink off of $1 bills and printing $100 […]

Traders and analysts watching out for potentially major technical formation for Dogecoin price

The price of Bitcoin has continued to move within a consolidation range since hitting a new all-time high in mid-March. This sluggish price action has been a source of worry to most investors, especially when the premier cryptocurrency recently lost its support at the $60,000 level. Interestingly, price is not the only Bitcoin metric that […]

With the Pope sounding off on AI recently, the discourse surrounding religion and technology has heated up.

TL;DR The United States is gearing up for a new election day on November 5th, an event of great significance for both the market and the crypto industry. The stance of each presidential candidate on cryptocurrencies is crucial to understand the future of investment in the country and worldwide. The proposals and actions of the […]

The cryptocurrency market continues to surprise us with new ways to invest and maximize profits. New technologies and platforms are increasingly allowing investors to use their cryptocurrencies more efficiently. One of the new investment methods revolutionizing Decentralized Finance (DeFi) is Restaking. This new way of depositing cryptocurrencies allows for greater profits while ensuring greater security […]

BlockDAG (BDAG) has recently enhanced its 2024 roadmap, setting ambitious goals to fortify its technology stack and widen its influence in the cryptocurrency market. The updated strategy highlights three major focuses: developing next-gen blockchain technologies, launching the BlockDAG Scan explorer, and improving the X1 Miner application. With over $25 million raised in its presale, now […]

Billionaire Mark Cuban is calling out the chair of the U.S. Securities and Exchange Commission (SEC), saying that the regulatory agency has yet to protect a single crypto investor against fraud. In a new message on the social media platform X, the business magnate says SEC Chair Gary Gensler’s tough stance against the crypto industry […]

Regulators in Canada have reportedly fined Binance millions of dollars after the crypto exchange allegedly failed to comply with anti-money laundering and terrorist financing laws. According to a new report by Reuters, The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is penalizing the world’s largest crypto exchange platform by volume after it failed […]

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 […]

On May 12, as bitcoin hovered slightly above the $61,000 mark, two dormant bitcoin wallets, inactive for over ten years and eight months, executed transactions totaling 1,000 bitcoins valued at approximately $61.1 million. It appears that both wallets, created on the same day, were owned by the same individual. Dormant for a Decade: Bitcoin Wallets […]

Things are getting very tough for cryptocurrency companies operating in Nigeria as the Nigerian government is taking strong action against them.

A woman who discovered tens of thousands of dollars missing from her Wells Fargo account says the financial giant is failing to protect its customers. The victim, who wants to remain anonymous to protect her identity, says thieves looted more than $81,000 from her account via electronic transfers, reports FOX News Memphis. The woman says […]

The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for Binance after the world’s largest crypto exchange pleaded guilty to violating US anti-money laundering (AML) regulations and sanctions laws. People familiar with the matter but wanted to remain anonymous say the DOJ has selected Forensic […]

The cryptocurrency market might experience “an extreme rally” later this year, according to trader Henrik Zeberg

Bitcoin has been sliding down since it reached its all-time high in March. This has largely led to a buy-the-dip sentiment among crypto traders, with many believing the correction would end as soon as it ended and Bitcoin would surge again to new all-time highs.  According to crypto analytics platform Santiment, the thrill of scooping […]

He also reiterated his call for an international safety agency to protect against existential threats related to AI.

AKT has registered a notable gain since the start of the month, gaining traction in the continuation of its recent recovery from a short correctional phase. Following the latest increase, it is currently the market’s top gainer following a 45% weekly jump. The past two months saw AKT through a serious reduction as the crypto […]

The NFTFN platform offers a comprehensive trading arena allowing perpetual trading of various assets, creating an all-encompassing trading …

The crypto exchange Kraken is pushing back against claims made by the U.S. Securities and Exchange Commission (SEC). In November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, and the company […]

The cryptocurrency market has calmed down considerably in the past 24 hours, halting the bearish assault and finding some consolidation in the process. Bitcoin’s price is trading at around $61K on Sunday morning, while Ethereum is now firmly below the pivotal $3K level. Are the Bitcoin Bulls Regrouping? As CryptoPotato reported yesterday, Bitcoin’s price experienced a sudden […]

Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $30.33 per transfer to $1.91 per transaction. Declining Ethereum Fees: A 68-Day Overview Transacting on the Ethereum blockchain has […]

Japan’s Metaplanet tops up Bitcoin portfolio in latest purchase

Solana, the high-speed blockchain once hailed as an Ethereum killer, finds itself in choppy waters. After reaching an all-time high of $203 in March 2024, the cryptocurrency has experienced a significant correction, currently trading at $145. Analysts warn of a potential freefall, citing both external market forces and internal ecosystem woes. Solana’s Descent: A Shooting […]

She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”

Ordi is still following a negative sentiment due to recent bearish market behaviour. While searching for a solid support level, it has shed roughly 53% loss so far, occupying the top losers’ spot on a weekly scale. The past two months have been an ugly moment for Ordi as it continued to witness back-to-back losses […]

Cryptocurrency is a digital asset that relies on cryptography to facilitate secure financial transactions. It is decentralized and operates on a …

Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.  When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC […]

US Treasury Secretary Janet Yellen is responding to accusations that the US government and more than a dozen financial institutions have teamed up to spy on Americans’ private bank transactions. The House Judiciary Committee recently published a memo accusing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) of urging banks to surveil their customers’ transactions […]