Robinhood reports slump in Q3 revenue

Robinhood has reported that its revenue fell from $233m to $51m in the last quarter, mostly because of the dip in Dogecoin’s (DOGE) performance. The company cited a 78% decline in its crypto revenue as the market frenzy stoked by Tesla CEO Elon Musk cooled off. While DOGE wasn’t the only contributing factor, it was […]

FTX to advertise during 2022 Super Bowl

Cryptocurrency exchange FTX has booked a Super Bowl advertising slot for the National Football League big game in February 2022. FTX has been motivated by the reach potential of the Super Bowl’s ads, Bloomberg reported. It follows the exchange’s multi-year deal with Team SoloMid, a prominent North American esports organization. FTX CEO Sam Bankman-Fried said: […]

Game developers appeal Steam’s blockchain ban

Steam, the largest digital marketplace for video games, has been criticized by crypto advocates for a decision to suspend any games that feature crypto payments, whether this has to do with non-fungible tokens (NFTs) or other blockchain-backed technology. A number of Web3 developers and advocates are now trying to make their case that the move […]

Polygon invests in Colexion to boost NFT adoption in India

Synopsis Colexion, a marketplace for digital collectibles, is already making a buzz by launching a premium NFT marketplace in the sports, entertainment, art, and lifestyle category. Related Twitter working on blockchain-linked ‘Collectibles’ tab Making money from cryptocurrency trading? Know how your earnings are taxed Bollywood stars, Indian celebrities latch on to global craze for NFTs […]

SEC may soon oversee regulation of stablecoins

The US Securities and Exchange Commission (SEC) may finally be about to step up and lead the regulation charge in the stablecoin sector. According to a Bloomberg report published earlier today, an anonymous source has suggested that SEC may yet exercise “significant authority” in the sector. At the same time, there is a forthcoming report […]

Rand Paul weighs up crypto against the dollar

Senator Rand Paul has become the latest public figure to openly argue the case whether cryptocurrency would become the future reserve currency of the world, dethroning the US dollar. Speaking to Axios on HBO on Sunday, Paul questioned whether cryptocurrency has the potential to uproot one of America’s biggest soft power levers. “I’ve started to […]

Nigeria to Launch Central Bank Digital Currency 

Blockchain technology has proven to be a revolutionary idea bringing increased security and audibility. In addition to this, digital currencies offer cheap and swift transaction speeds. Modern banking infrastructures are archaic in nature and must modernize if they want systems that are ready for the future. Many countries including Asia and Japan are looking to […]