Impact Of US Inflation Reports On Crypto Markets
As the week kicks off, investors brace for the impact of key inflation reports and Federal Reserve speeches on crypto markets. This week’s economic calendar is loaded with significant events, promising to stir volatility in both traditional and crypto markets….
Robinhood’s Remarkable $157 Million Profit In Q1 2024
Amidst market challenges, Robinhood impresses with a remarkable turnaround, posting substantial profits and revenue growth in the first quarter of 2024. Wall Street Surprised: Robinhood Exceeds Expectations Robinhood’s Q1 earnings report shatters Wall Street predictions, with impressive revenue figures and…
Bitcoin And Ethereum Performance Review: Post-ETF Approval
Bitcoin’s Triumph, Ethereum’s Struggle: An Analysis of Performance Since January Bitcoin and Ethereum, the two leading cryptocurrencies, have experienced divergent trajectories since the approval of spot ETFs in January. While Bitcoin basks in newfound capital inflows and investor enthusiasm, Ethereum…
Binance CEO Richard Teng Exposes Detention Of Exec By Nigerian Authorities
Binance CEO Richard Teng has raised concerns over the prolonged detention of Tigran Gambaryan, head of Binance’s Financial Crime Compliance team, by Nigerian authorities. Gambaryan, who travelled to Nigeria for collaborative policy discussions, has been detained for over 70 days,…
BlockFi Shuts Web Platform, Teams Up With Coinbase
BlockFi, a prominent crypto lender, has revealed plans to close its web platform this month and has entered a strategic partnership with Coinbase to facilitate crypto withdrawals for its clients. This move marks a significant transition for the New Jersey-based…
Gains Network Exploited: Traders Gain 900% On Every Transaction
Blockchain security experts have unearthed a major loophole in a fork of the Gains Network, a decentralized finance (DeFi) ecosystem operating on Polygon and Arbitrum. This glitch allowed traders to reap massive profits of up to 10 times their initial…
Binance Faces $4.4 Million Penalty Over AML Violations
Canada imposes a hefty fine on Binance for regulatory non-compliance, signalling a stringent stance on anti-money laundering rules in the crypto space Compliance Breach: Binance’s Failure to Uphold Anti-Money Laundering Rules Binance is fined for its non-compliance with Canadian regulations,…
Donald Trump Embraces Digital Donations: Crypto’s Role In Election Funding
Former President Donald Trump unveils plans to accept cryptocurrency donations for his 2024 presidential campaign, marking a significant departure from traditional fundraising methods. Challenging Biden’s Stance: Donald Trump’s Critique on Crypto Policy Trump criticizes President Joe Biden’s administration for its…
Robinhood’s Q1 2024 Performance Overview
As Robinhood prepares to unveil its Q1 2024 earnings report on May 8, anticipation runs high within financial markets and crypto communities alike. Analysts are eyeing the figures closely, expecting a surge in revenue driven by various market dynamics and…
FTX’s Compensation Proposal: Addressing The Fallout Of 2022 Collapse
FTX, the cryptocurrency exchange embroiled in a significant collapse in 2022, has unveiled a new proposal aiming to compensate victims of its downfall. The latest plan promises substantial repayments, but opinions vary on its adequacy and fairness. Proposal Details: Compensation…