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Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle

Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and…

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Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark…

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Trump Attacks Biden’s Crypto Awareness, Says ‘Biden Doesn’t Even Know What It Is’ at NFT Gala

Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrency for campaign contributions. Trump…

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Bitcoin Whales Accumulate $941M BTC in 24 Hours as Prices Drop, What Does This Mean?

Bitcoin whales have begun to make substantial BTC purchasing moves, signaling market participants’ entrance into a re-accumulation phase. According to a tweet by blockchain analytics platform Santiment, large investors holding…

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Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge

Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss…

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Important Ripple v SEC Lawsuit Updates, Bitcoin (BTC) Price Volatility, Solana Price Predictions: Bits Recap May 9

TL;DR BTC has been hovering between $59,000 and $65,000 in the past several days, settling around $61,700. Optimistic forecasts suggest a potential rise to $74,000 due to technical patterns and…

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Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains

Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during…

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