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Robinhood Beats Expectations with Higher Crypto Revenue
Robinhood reported its fourth-quarter 2023 earnings on Tuesday. The revenue beats expectations on the back of increased crypto trading volume. The company's crypto transaction revenue rose 10% year-over-year to $43 million. Crypto trading revenue rose 10% to $43 million as transaction volume climbed nearly 90%. Total transaction revenue grew 8% year-to-year, driven by crypto gains.......
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Blockchain Association Warns Against Stifling Crypto Legislation
The Blockchain Association has sent a letter to Congress signed by over 80 former military and national security professionals raising concerns over new crypto bills under consideration. The letter warns that certain legislative proposals risk severely hampering digital asset innovation in the United States. Bills like the CANSEE Act and DAAMLA could stifle progress in......
Ripple Expands US Presence With Purchase of NY Crypto Trust Firm
Ripple has struck a deal to purchase New York trust company Standard Custody & Trust. Through the acquisition, the payment platform secured a limited purpose trust charter to expand the regulatory services it can offer clients in the US. The acquisition represents Ripple's latest move to expand its capabilities domestically, despite legal clashes with the......
🥛The current state of crypto 👀
Today’s edition is brought to you by Awaken – the first free crypto tax software that is more accurate, faster, and easier to use than anything else on the market.Generate your crypto tax reports for free (but only until March 1st)!GM. This is Milk Road, where we craft crypto news like artisanal bread – with......
Ledger Partners with Coinbase to Streamline Crypto Purchases
Hardware wallet provider Ledger has announced an integration with Coinbase's payments platform, Coinbase Pay. The collaboration will allow users to easily purchase cryptocurrencies and transfer them into self-custody storage. Key Highlights: Ledger app integrates Coinbase Pay. Enables direct crypto purchases and transfers into Ledger wallets. Aims to simplify self-custody onboarding for new users. Part of......
Founders Fund Bets $200 Million on Bitcoin and Ethereum: Report
Billionaire Peter Thiel's Founders Fund has invested $200 million in Bitcoin and Ethereum over recent months, according to sources cited by Reuters. Key Details: The Founders Fund acquired $100 million each in Bitcoin and Ethereum. Purchases were made between late summer and early fall 2022. Founders Fund previously liquidated crypto holdings before the 2022 crash.......
Binance Founder CZ’s Criminal Sentencing Postponed Until April
The sentencing of Changpeng Zhao, founder of crypto exchange Binance, on money laundering charges has been pushed back two months to April 30th, according to a court notice filed Monday. No specific reason was provided for the delay. Zhao, better known by his initials "CZ," pleaded guilty last November to violating U.S. anti-money laundering laws.......
FTX to Sell Custody Unit for 95% Less Than Purchase Price
The defunct FTX crypto exchange is offloading one of its recently acquired business units for a tiny fraction of what it originally paid. According to court documents filed this week, Digital Currency Custody Inc. (DCI) will be sold to token platform CoinList for only $500,000. FTX had purchased the custodial services provider in August 2022......
🥛 Bitcoin Enters the Top 10 🏆
Today’s edition is brought to you by Exodus – effortless cross-chain swaps, automatic re-staking for increased rewards, and access to unlimited tokens across 16 networks by the world’s leading self-custodial multichain wallet. Download Exodus now!**This content is not intended or suitable for individuals residing in the UK.GM, this is the Milk Road. The crypto newsletter......
