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Tag: Quarter

Robinhood to Launch Crypto Trading Internationally — Sees ‘Immense Potential’ in Crypto Economy

Robinhood Reveals ‘Aggressive Goals’ to Launch Crypto Trading Internationally – Says Crypto Economy Has ‘Immense Potential'Robinhood has “set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the popular trading platform revealed during its Q4 earnings call. “The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.” Robinhood’s Crypto Earnings, Expansion Plans Robinhood […]

Report: Avalanche ends 2021 with a triumph, but here’s the flip side

As coins and tokens cautiously step back into greener pastures, it’s time to take a look at a network that saw a great deal of growth and interest in 2021. To that end, Messari Research’s report on the state of Avalanche [AVAX] in the final quarter of 2021 comes with fascinating insights and statistics. The snowball […]

Visa reports meteoric rise in crypto-linked payments, volumes cross $2.5 billion

Visa recently released its stellar quarterly results. With that, it is also the first quarter after the financial services company amped up its crypto offerings. In its recent earnings call, Visa noted that its customers made $2.5 billion in payments with crypto-linked cards in its fiscal first quarter of 2022, reported CNBC. The drivers of […]

This Week in Coins: Bitcoin, Ethereum, Avalanche, Dogecoin Recover 

As of Saturday afternoon, the crypto market looks the greenest it has looked in 2022 so far.

Drake Seemingly Bets $200K on Roulette Spin, But There’s More to Social Media Story

Canadian rapper Drake has a reported net worth that’s inching towards a quarter of a billion dollars, so he could certainly afford to wager $200,000 on a spin of online roulette. But despite a video making its rounds on social media claiming the 35-year-old Toronto native did just that, there’s more to the story than […]

The post Drake Seemingly Bets $200K on Roulette Spin, But There’s More to Social Media Story appeared first on Casino.org.

Wall Street banks are expanding crypto sell-side research

Wall Street banks have beefing up their crypto research chops. Currently Jefferies and Credit Suisse are on the hunt for crypto talent.

The post Wall Street banks are expanding crypto sell-side research appeared first on The Block.

PayPal stablecoin: What it could mean for payments

PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin.

The Florida cannabis behemoth leaving Black growers behind

This story is the second in a four-part series about cannabis equity in America. Read part one here. Cannabis is fully legal — parks, ... Read More

LeBron James Teams With Crypto.com to Bring Digital Education to Students

LeBron James Teams With Crypto.com to Bring Digital Education to Students

Basketball player LeBron James is the latest celebrity to join Crypto.com‘s high-profile marketing campaign, which already includes actor Matt Damon and the naming rights to a Los Angeles sports facility. The LeBron James Family Foundation (LJF) and Crypto.com announced a multi-year agreement on Friday to support Web3-related ‘educational and professional development initiatives’ that help students and families create a ‘solid foundation in Web3 and…blockchain-based decentralized applications.’ Web3 (or Web 3.0) refers to what some see as a more egalitarian and fair internet. Its proponents argue that it is decentralized, providing consumers more control. The relationship with James is part of Crypto.com’s huge marketing push in recent months, which has enlisted the help of Hollywood luminaries and cost the company more than $1 billion. The Singapore and Hong Kong-based exchange secured a $700 million contract in November to have its name emblazoned on the former Staples Center, which is now home to the NBA’s Los Angeles Lakers (James’ franchise) and Clippers. The company earns a share of crowd transactions at the venue as part of the arena naming rights contract, and even more if the transactions are conducted using Crypto.com’s app. In October, Crypto.com debuted television advertising showing Damon, a corporate investor who has since become the brand’s face. The Damon-led series of ads, which will also include NBA player Carmelo Anthony, mixed martial artist Ronda Rousey, and South Korean rapper Lee Chae-rin, nicknamed CL, cost $100 million to develop. Crypto.com declined to comment on whether James would feature in a commercial as part of the new collaboration. According to Bloomberg, the corporation has also invested another $400 million in other sports sponsorship deals, including with the Ultimate Fighting Championship (UFC), Formula 1 motor racing, and elite ice hockey, football, and soccer clubs. In December, Crypto.com CEO Kris Marszalek told Fortune that the platform’s goal is to become the next ‘killer app…like Instagram, but for the crypto world.’ He indicated at the time that the company was profitable on $500 million in revenue during the April to June 2021 quarter. Crypto.com had 10 million users a year ago, but according to a representative, that figure has increased dramatically since then. Hackers stole almost $30 million in cryptocurrency from 483 Crypto.com customer accounts earlier this month; the business later refunded those users. Celebrities are increasingly being used by crypto firms, metaverse platforms, and digital asset efforts, such as non-fungible token (NFT) projects, to generate attention. NBA player Steph Curry, for example, just debuted a digital shoe NFT collection and owns an NFT from the Bored Ape Yacht Club, a popular NFT collection featuring bored-looking digital apes in various colors and clothes. Meanwhile, Paris Hilton, a reality TV celebrity, and DJ Steve Aoki just performed in the metaverse. In the Sandbox, one of the most popular metaverse platforms, Warner Music is constructing a concert-themed theme park. Celebrities promoting cryptocurrency and other hot internet-based enterprises, on the other hand, have been chastised. Investors filed a complaint in early January, saying that celebrity marketers of the crypto asset EthereumMax misled them through fraudulent and deceptive social media posts. The complaint names reality celebrity and influencer Kim Kardashian as well as boxer Floyd Mayweather. Skeptics also worry about a coming ‘crypto winter,’ which refers to a significant decrease in cryptocurrency prices followed by months of decline. Bitcoin and Ethereum, the two most prominent cryptocurrencies, have lost over 40 percent of their value since November.

The post LeBron James Teams With Crypto.com to Bring Digital Education to Students appeared first on Cryptoknowmics-Crypto News and Media Platform.

Robinhood’s Crypto Revenue in Q4 Declined Compared to Q3

The company's crypto revenue for Q4 could not beat the estimations, and its shares dropped by 10%.

Transaction Volume of Visa Cryptocurrency Cards in the First Quarter of 2022 Hit 70% of the Entire 2021 Volume

The popularity of cryptocurrency cards is growing rapidly. As reported by Visa, the total transaction volume in the first quarter accounts for 70% of the total volume of 2021. A further increase is expected.

Europe could lead the crypto regulatory race with MiCA

While cryptocurrency regulation has been a hot topic for quite a while, it wasn’t until last year that governments around the world began taking a bigger interest in regulating the booming crypto market.

The post Europe could lead the crypto regulatory race with MiCA appeared first on CryptoSlate.

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