Author: NBTC
Analysts at investment bank Compass Point believe that Robinhood’s stock will continue to climb, pointing to prediction market growth and revenue from crypto trading fees and staking rewards. Professional sports are emerging as a notable tailwind for Robinhood. When the retail brokerage reports third-quarter earnings next month, Robinhood will likely say that revenue generated from prediction markets grew at a faster rate than revenue derived from processing customers’ transactions, the analysts wrote in a Monday note. In the three months ended Sept. 30, prediction market revenue likely increased 100% quarter-over-quarter to around $20 million, Compass analysts wrote. Meanwhile, Compass analysts…
Russia’s monetary authority is now calling for the swift legalization of crypto exchange in the country under strict government control. The regulation of platforms swapping Russian fiat for digital coins will curb money laundering and boost the use of cryptocurrencies in foreign trade, its management is convinced. Russia’s central bank urging for crypto exchange legalization Establishing a legal framework for cryptocurrency exchange and rules for the providers of related services has become a top priority of Russian authorities, according to Vladimir Chistyukhin, first deputy chairman of the Central Bank of Russia (CBR). Speaking at a meeting of the Committee on…
Blazpay, a renowned decentralized payment platform, has partnered with PVPFUN, an intuitive Web3 infrastructure platform. The partnership endeavors to redefine the ways for gamers and creators to develop, earn, and play in the advanced decentralized settings. Blazpay revealed in its official X announcement that the development is set to provide an inclusive platform for creators as well as game players to engage in streamlined on-chain interactions. Hence, the move could serve as a key breakthrough toward the establishment of a community-driven, creator-centered economy in the Web3 landscape. We’re excited to announce our partnership with @pvpfun_ai — the intelligent Web3 infrastructure…
Ondo Finance named Chainlink as the official oracle provider for its tokenized stocks and exchange-traded funds (ETFs), aiming to improve how financial data moves across blockchain networks. Chainlink will supply custom price feeds for the more than 100 tokenized equities on Ondo’s platform, including U.S.-listed stocks and ETFs. Ondo’s tokenized equities now span 10 blockchains and represent over $320 million in total value locked, according to a statement shared with CoinDesk. The data includes corporate actions like dividend payments and is intended to help keep valuations accurate across the various blockchains where these assets are traded. Ondo has recently expanded…
Stream Finance, a decentralized finance (DeFi) protocol, has suspended all deposits and withdrawals after reportedly losing $93 million in an exploit involving one of its external asset managers. The company says it is assessing the full scope of the incident and has hired legal experts from Perkins Coie to investigate. However, pending deposits will not be processed until further notice. The issue began when Stream’s native stablecoin, Staked Stream USD (xUSD), lost its peg to the U.S. dollar. According to PeckShield, xUSD fell as low as $0.30 on Tuesday before partially recovering to the $0.37 range. What’s with XRP? This…
Bitcoin’s march into mainstream finance just hit a landmark moment as a major credit agency officially rated a bitcoin treasury firm, signaling a seismic shift in how traditional markets recognize digital assets as strategic reserves. S&P’s Historic Rating Signals Institutional Legitimacy For Bitcoin Treasuries Growing institutional confidence in bitcoin as a strategic reserve asset has taken a major step forward with a historic move by S&P Global Ratings. The agency assigned a “B-” issuer credit rating with a stable outlook to Strategy Inc. (formerly Microstrategy Inc.) on Oct. 27, marking the first-ever rating of a bitcoin treasury company by a…
Australia’s financial regulator has issued a major update to its digital-asset guidance, expanding how existing financial-services laws apply to crypto businesses as the government prepares sweeping new legislation. The Australian Securities and Investments Commission on Tuesday published a revised version of Info Sheet 225, clarifying when digital-asset products and services are likely to be considered financial products under the Corporations Act. The latest update replaces earlier “crypto-asset” terminology with the broader term “digital assets,” intended to capture virtual, tokenized, and coin-based products without exclusion. While the guidance does not create new law, ASIC said it aims to give businesses…
Edge & Node, the team that created The Graph, has launched ampersend, a management platform for coordinating how autonomous AI agents operate and transact, the company said on Thursday. Built on Coinbase’s x402 payment protocol and Google’s A2A communication framework, ampersend adds automation, observability, and compliance controls to what’s becoming known as the “agentic economy.” As AI agents begin to handle payments, data, and communication on behalf of users and organizations, the lack of standardization has made their operations difficult to monitor. Coinbase released x402, its agentic payments protocol earlier this year. It’s an open-source system that enables instant stablecoin…
Injective, the blockchain project focused on decentralized finance (DeFi), has unveiled a no-code platform designed to let anyone build and deploy Web3 applications without writing a single line of code. New Platform Lets Users Create Web3 Apps Without Coding According to the announcement shared with Bitcoin.com News, the new platform dubbed iBuild operates on Injective’s MultiVM infrastructure, offering rapid deployment, cross-chain compatibility, and simplified creation tools that lower the barrier to entry for blockchain developers. By combining speed, interoperability, and low transaction fees, Injective explained that it aims to make Web3 app development more accessible to users of all technical…
The projects that cryptocurrency developers have focused on most in the last week have been revealed. According to weekly GitHub statistics, developer activity remained particularly high on Ethereum, Cardano, and Hedera projects. The data includes commit numbers and active developer rates, both on an altcoin basis and at the overall ecosystem level. The altcoin projects most focused on by developers on a weekly basis are: Ethereum (ETH) – 377 commit Cardano (ADA) – 322 commit Hedera (HBAR) – 167 commit Flow (FLOW) – 127 commit Internet Computer (ICP) – 112 commits Chainlink (LINK) – 95 commits Stellar (XLM) – 77…