Author: Admin-aX9d7
In brief Robinhood Markets clocked $927 million in revenue for the first quarter of 2025, beating Wall Street’s expectations. Its digital assets business partially drove that financial growth, notching $252 million in revenue, also slightly above analysts’ predictions. The company’s 100% growth in crypto-related revenue over the past year follows its acquisition of digital assets exchange Bitstamp last summer. Robinhood’s revenue jumped 50% in the first quarter, driven by surging crypto activity, as the trading app beat Wall Street estimates.The retail brokerage posted $927 million in revenue, topping forecasts of $920 million, while earnings climbed to 37 cents a share,…
Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY trading session with a slight sell-off to $92,910 following alarm-raising US GDP data, which showed the economy shrank in Q1 2025. The move mirrors a similar recovery seen in the DOW and S&P 500, which bounced 0.35% and 0.15% respectively at the closing bell. The quick recovery in…
In brief At just 18 years old, Zach Yadegari is running a tech company projected to bring in $30 million this year. Yadegari started Cal AI after being rejected by the majority of colleges he applied to. Launched in 2023, Cal AI has been downloaded more than 5 million times combined on both iOS and Android. At just 18 years old, Zach Yadegari is running a tech company projected to bring in $30 million this year—all while finishing his senior year of high school.The Long Island teen is the founder of Cal AI, a nutrition and fitness app that uses…
Coinbase is revolutionizing crypto lending with a nationwide rollout of bitcoin-backed loans up to $1 million, unlocking instant liquidity without triggering taxable events. Borrow up to $1M Without Selling—Coinbase Expands Bitcoin-Backed Loans Nationwide Crypto exchange Coinbase (Nasdaq: COIN) announced on social media platform X on April 30 that its bitcoin-backed loan service is now fully […]
Wed 30 Apr 2025 ▪ 4 min read ▪ by Fenelon L. Telegram sent a clear message this Tuesday to its French users, firmly defending the principle of encryption in private messaging. This communication comes after the rejection of a controversial amendment in the National Assembly that aimed to impose “backdoors” in encrypted messaging applications. In Brief Telegram has sent a direct message to French users regarding privacy protection. The app firmly opposes the installation of “backdoors” in its encryption system. The platform says it would rather leave a country than compromise user security. This stance follows the adoption of…
In brief New research argues that saying “please” to AI chatbots doesn’t improve their responses, contradicting earlier studies. Scientists identified a mathematical “tipping point” where AI quality collapses, dependent on training and content—not politeness. Despite these findings, many users continue being polite to AI out of cultural habit, while others strategically use polite approaches to manipulate AI responses. A new study from George Washington University researchers has found that being polite to AI models like ChatGPT is not only a waste of computing resources, it’s also pointless.The researchers claim that adding “please” and “thank you” to prompts has a “negligible…
The leading cryptocurrency exchange, Coinbase, announced the roadmap to list Worldcoin (WLD). Coinbase has announced that Worldcoin (WLD) has been added to its listing roadmap. — Wu Blockchain (@WuBlockchain) April 30, 2025 The Optimism network contract address for Worldcoin (WLD) is 0xdc6ff44d5d932cbd77b52e5612ba0529dc6226f1. What is Coinbase listing Worldcoin? According to the official blog post, the team stated, “The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of trading separately once these conditions have been met.” If listed, Coinbase customers will get a chance to trade a buzzing…
Strategists for two U.S. bills meant to create an oversight regime for crypto are setting out plans this week to pass legislation in the summer, Bo Hines, the White House official at the center of those efforts, told CoinDesk.Hines, who President Donald Trump hired as executive director of the Presidential Council of Advisers for Digital Assets, told CoinDesk in an interview that the procedures are being ironed out to move legislation on regulating stablecoin issuers, and the crypto advocates in the White House and Congress will quickly pivot to the bigger bill that will set a full regulatory regime for…
A Federal Reserve survey naming the trade war and U.S. debt as the economy’s top threats has prompted veteran investor Clem Chambers to warn of an overlooked supply-chain squeeze that could jolt markets. Inflation Time Bomb: Fed Printing Could Send Prices Soaring, Says Chambers Chambers, chief executive of Online Blockchain, told Kitco News Anchor Jeremy […]
What one hour ago was looking like another positive day in markets has turned decidedly negative as the latest economic data fueled growing stagflation fears.First up was ADP jobs numbers for April. Coming two days ahead of the government’s own employment data for April, the ADP report showed just 62,000 private sector jobs created this month, well shy of estimates for 108,000 and March’s 147,000. It was the weakest print since July 2024.Next was the government’s first estimate of first quarter GDP growth, which came in at negative 0.3% against estimates for positive 0.2%. While the quarter ended in March,…