Author: NBTC
Robinhood’s stock declined on Feb. 25, but chair and CEO Vlad Tenev remains confident. In an interview on “Bloomberg Crypto” with Sonali Basak and Tim Stenovec, Tenev said, “The business has been doing tremendously well.” He pointed to strong fourth-quarter 2024 results, highlighting a record $1 billion in revenue and $50 billion in customer deposits for the year. When asked about the market correction tracked by Bloomberg’s Magnificent Seven index, Tenev suggested the dip was temporary. Last week’s post-earnings rally faded into today’s broader market downturn, with Bitcoin (BTC) slipping below $87,000. Robinhood shares fell by 8%, closing at $45.92…
Prominent industry commentators believe XRP is now in an ideal position for widespread adoption by financial institutions across the U.S. This perspective is supported by Ripple’s expansive regulatory licenses for payment services in the United States. Specifically, Ripple has secured over 50 Money Transmitter Licenses (MTLs) across the U.S. Notably, the licensing includes highly regulated jurisdictions such as New York and Texas. The company achieved this milestone late last month. These approvals allow Ripple to legally offer cross-border payment services using XRP and its RLUSD stablecoin. In a tweet, notable XRP researcher SMQKE highlighted the significance of these licenses. Institutional…
REI Network and CrossFi have recently formed a strategic partnership. This collaboration leverages REI Network’s high-performance, zero-fee blockchain technology and CrossFi’s cutting-edge, non-custodial payment solutions. Their united effort brings true financial independence through an unprecedentedly smooth process which links fiat currency to crypto assets to enable decentralized finance growth. We’re thrilled to announce the partnership between REI Network & @crossfichain!By leveraging REI Network’s high-performance, zero-fee blockchain and CrossFi’s innovative non-custodial payment technology, this collaboration brings true financial freedom & seamless bridging of… pic.twitter.com/gFKobYCTCO — REI Network｜From #GXChain! (@GXChainGlobal) February 28, 2025 Background The blockchain of REI Network born from GXChain…
From political maneuvers to massive hacks, here’s why Bitcoin is taking a nosedive. Bitcoin, the poster child of cryptocurrencies, has taken a sharp dive, plunging to around $80,000 mark at the time of writing—depths it hasn’t plumbed in over three months. This downturn has left investors and enthusiasts scratching their heads, wondering what’s behind the sudden slump. Let’s break down the chaos. Screenshot taken from Twitter, 8.32 am GMT +2. First up, the political arena. President Donald Trump recently announced a 25% tariff on imports from Mexico and Canada, with an additional 10% on Chinese goods, set to kick in…
Ethereum might plummet below $1,000 before a potential price rise. The chart suggests that Ethereum’s long-term uptrend is unlikely to come until it hits an ascending trading range. Macro factors are still unclear for the asset, and the performance of ETH raises more questions than answers. Amid a wider market decline, ETH is currently trading at about $3,145, battling to stay stable. As the asset broke important support levels and began to decline, the recent price action has been overwhelmingly bearish. The high volatility and selling pressure suggest that ETH’s decline may not be over yet. A possible ETH bounce…
Cryptocurrency companies’ stocks plummeted on Tuesday as investors digested disappointing U.S. economic data and fretted over a billion-dollar hack on a prominent digital assets exchange. Trading platforms Robinhood and Coinbase’s shares closed down 8% and 6.4%, respectively. Bitcoin treasury company Strategy plummeted more than 11%, while Bitcoin miners Marathon Digital Holdings and Bitdeer plunged 9% and 29%, respectively. The declines followed an investor retreat from cryptocurrencies and other risk-on assets that reflect concerns about the potential of a global trade war, rising inflation and wider macroeconomic uncertainties. They come even as Coinbase and the Securities and Exchange Commission (SEC) agreed…
The three entities intend to bring together their products and services to help grow, democratize, and monetize the decentralized AI industry ahead. Zuvu AI just rebranded from SocialTensor after a successful debut year in 2024, which yielded over $10 million in revenue. Zuvu AI, a well-funded and fast-growing decentralized intelligence platform formerly known as SocialTensor, has announced a strategic partnership with Vana ($VANA), an EVM-compatible layer one (L1) blockchain focused on tokenizing and monetizing user data via DataDAOs. The strategic partnership between Zuvu AI and the Vana network will tap into Bittensor ($TAO), a decentralized machine learning network that enables…
Bifrost Network, a Substrate framework-built L1 blockchain for cross-chain communication, has collaborated with Nansen, a prominent on-chain analytics firm. As a part of this collaboration, Nansen will operate as a node validator for the Bifrost Network. With this integration, Bifrost Network intends to increase the reliability and transparency of its ecosystem. 📢 We’re thrilled to welcome @nansen_ai — one of the most renowned on-chain analytics and research platforms — as a validator for Bifrost! 🙌As the industry’s leading blockchain analytics and research entity, Nansen’s participation marks a major milestone in our journey toward… pic.twitter.com/SWBSjfZDrl — BIFROST (@Bifrost_Network) February 28, 2025…
Metaplanet, the Japanese company that has established itself as a prominent corporate adopter of Bitcoin, is starting to experience modest losses on its investments. This comes as the cryptocurrency’s price has fallen to its lowest levels in over three months. Metaplanet Starts Seeing Losses as Bitcoin Falls Below $80,000 Over the past week, Bitcoin has been undergoing a sharp downturn, with weekly losses extending to 18.2%. In fact, today, its price dropped to intra-day lows below $80,000, marking price levels last seen in November 2024. Bitcoin Price Performance. Source: BeInCrypto At press time, Bitcoin was trading at $80,462 after a…
Global payments infrastructure platform Mercuryo has made it possible for its users to easily access Everstake’s suite of staking services by launching on-ramp services for the company, which is a leading global provider of blockchain and staking solutions. The introduction of on-ramps on the Everstake platform, which guarantees high uptime thanks to its strong worldwide infrastructure and team’s specialized knowledge, offers its users a useful way to access Ethereum (ETH) staking. One essential element of the Ethereum ecosystem’s sustainability is ETH staking. According to Everstake, which compiled data from many onchain sources, the number of active validators has increased by…