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” Robinhood makes significant strides in crypto business in Q1 despite falling revenue “ On April 28, discount-brokerage platform Robinhood published its financial results for the first quarter of 2022. Year-over-year, the firm’s net revenue declined by 43% to $299 million. Specifically, revenue from cryptocurrency trading fell by 39% to $54 million during the same…
” US crypto adoption remains high despite global inflation fears “ A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets. The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States, a reactionary rise…
” Turkey’s second wave of major crypto interest: Bitfinex, Coinbase and KuCoin ramp up “ Turkey is experiencing a resurgence in cryptocurrency interest as major crypto exchanges set foot in the transcontinental country. From demographics to offline marketing to currency depreciation, there is plenty of motivation for the 84 million Turkish people to sign up…
” Turning up the volume: Blockchain projects aim to disrupt the music industry “ Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for upcoming artists. While Web2 brought many positive changes, the industry still has a long way. Because of this, projects are…
” Residents of 3 Chinese cities paying taxes and charges with digital yuan “ Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY). According to a domestic news report, a number of government agencies in the…
” VeChain can be used as payment in 2M stores — and VET bridged to BNB chain “ Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over 2 million stores throughout 70 different countries. The…
” Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto “ Goldman Sachs has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St. A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by Bitcoin (BTC) owned by the borrower…
” Singaporean investors’ appetite for crypto is key to mainstream adoption — Survey “ As Singapore continues to play an active role in boosting crypto adoption across the Asia-Pacific region, the country’s first licensed crypto exchange Independent Reserve conducted a retail-focused survey to better understand the underlying potential of the regulated market. Independent Reserve’s survey…
” NFT traders STEPN to a new groove — Is move-to-earn the future of fitness or another fad? “ Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is…
” The NFT sector is projected to move around $800 billion over next 2 years: Report “ Although NFTs have been a part of the cryptocurrency market since 2014, interest and adoption ha risen rapidly over the last two years. At their height in August 2021, the total trading volume of NFTs rose to over…