Robinhood (HOOD) shares were falling 7% in after-hours trading Tuesday after the zero-commission trading platform missed badly on revenue expectations as its cryptocurrency revenue fell sharply from the second quarter’s record high. Robinhood said its crypto revenues fell to just $51 million in the third quarter, down from a record $233 million in the second quarter. The company said the reduced crypto trading activity led to significantly fewer new funded accounts and lower revenue in the quarter as compared to the second quarter. Total revenue for…
Day: October 26, 2021
Long-Term Bitcoin Holders Trim Positions as Rally Stalls
Markets Still, blockchain data show bitcoin holder positioning is consistent with the early stage of a bull market, one firm says. By Damanick Dantes, Helene Braun Oct 26, 2021 at 8:34 p.m. UTC Updated Oct 26, 2021 at 8:34 p.m. UTC Bitcoin 24-hour price chart (CoinDesk) Source
Billing for Advisers Can Be ‘Smart,’ Too
“You’re moving from a very slow, archaic world into a fast-moving world. There’s a lot to bridge there.” Lacey Shrum, CEO of Smart Kx, joins “On Purpose” host Tyrone Ross to discuss the improvements technology can make in the adviser space, starting with the modernization of the billing process. A smarter billing system improves compliance, transparency and transaction speeds. Instead of billing once per quarter, advisers can work according to clients’ needs to bill monthly, weekly or even daily. Working with technology instead of against it will improve the client-adviser…
Everyone Wants Crypto Regulations – On Their Terms
If these proposals aren’t meant to be taken literally, but rather as a spark for conversation, then they may actually be going somewhere. While the proposals themselves are varied in scope, they share some common themes: being precise in defining terms, calling for greater transparency and user privacy concerns. Source
FTX to Run Ad During Super Bowl as It Delves Further Into Sports Sponsorships
The crypto exchange is adding to its growing list of sports-related ad buys with a commercial during the biggest sporting event of the year. Oct 26, 2021 at 8:06 p.m. UTC Updated Oct 26, 2021 at 8:13 p.m. UTC 2021 Super Bowl MVP Tom Brady (Getty Images) Source
Everipedia VORTECS™ Score hits record high ahead of upcoming NFT drop to IQ stakers
In the world of technical analysis, any tool that gives the trader insight into the next possible market move is valued highly because an early signal of impending price action can turn an average trade into a multi-bagger. In a rare occurrence, Cointelegraph Markets Pro just posted a VORTECS™ score of 98, one of the highest scores ever recorded, for an altcoin called Everipedia (IQ). The project is a blockchain-based encyclopedia that has the vision of creating “a world where all knowledge is available to all people.” VORTECS™ Score (green) vs.…
Finder’s Panel of Fintech Experts Predict Ethereum Will Reach $5,114 This Year, Over $50K by 2030 – Bitcoin News
At the end of July, the product comparison website Finder.com published its research findings from a panel of experts that predicted the crypto asset ethereum would reach $4.5K this year. On October 25, Finder updated its “Ethereum Price Predictions Report” that polled 50 financial technology specialists and ethereum is now expected to reach “$5,114 by the end of this year.” Finder’s Panel Suggests Ethereum Will Be Over $5K by Year’s End Finder, an investing companion application and product comparison website, has published numerous surveys and panel forecasts concerning the growing…
Adobe offers users the ability to verify NFT marketplace creations through metadata
Many nonfungible token (NFT) marketplaces are allowing digital collectors to identify artwork based on the wallet address of its creator through a partnership with software giant Adobe. In a Tuesday announcement, Adobe said it would be partnering with major NFT marketplaces including OpenSea, KnownOrigin and SuperRare to allow users to verify the authenticity of the digital content. Adobe’s Content Credentials can add an NFT creator’s wallet address and social media information to the metadata of tokens listed on the marketplace. “This partnership furthers our commitment to empowering users with more…
Get DAILY PAYOUTS with NO FEE mining Ethereum
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I show you how you can mine Ethereum and get payouts every single day with no fees using a new feature brought to us by 2miners pool! This feature allows you to mine Ethereum on your GPUs like normal, but then get paid the equivalent amount in either NANO for no transaction fee whatsoever or in Bitcoin for a smaller fee. So this feature also lets you mine Ethereum and get paid in Bitcoin! This is a game changer…
Biggest Crypto Exchange Hack of All Time To See Creditors Awarded $9 Billion Almost Seven Years Later
Nearly seven years after one of the biggest crypto hacks of all time, former customers of the Japanese crypto exchange Mt. Gox are now on track to receive reimbursements. The now-defunct Mt. Gox collapsed in 2014 after it was hit by an attacker who stole 850,000 Bitcoin worth about $500 million at the time. Customers who lost money in the hack recently voted to approve a “rehabilitation plan” that is expected to become final and binding next month, according to an announcement issued last week. The creditors are reportedly…