Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted by 55% to $23 million. The loss continues a downward trend for crypto-based transactions on the app. Recall that there was a loss of...
Read More »Binance Will Delist 23 Trading Pairs, Shiba Inu and Dogecoin are Affected
TL;DR Binance announced it will delist 23 margin trading pairs, including prominent ones like ADA/BUSD and the memecoins DOGE/BUSD and SHIB/BUSD, on November 9, with automatic closure and settlement of positions for these pairs. The delisted pairs are all denominated in BUSD, a stablecoin for which Binance will end support by early 2024, advising users to convert their BUSD holdings before February 2024. This move follows a previous delisting of several BUSD pairs in October,...
Read More »Cardano (ADA) and Dogecoin (DOGE) Engage in Tight Battle for 8th Spot
With Cardano and Dogecoin engaged in a tight battle, here’s a look into what each of these coins are up to in the near term. The altcoin space has been buzzing with activity over the past few weeks and currently, both Cardano (ADA) and Dogecoin (DOGE) have been engaged in a tight battle for the 8 spot in the top ten crypto list. Over the last week, both these altcoins have delivered over 10% gains, showing strength. Let’s take a look at how both these cryptocurrencies have been performing...
Read More »Shiba Inu (SHIB) Scores Big Partnership With Robinhood: Details
TL;DR Robinhood introduces cryptocurrency services in Nevada, covering major digital assets including Bitcoin, Ether, Dogecoin, and Shiba Inu. Dogecoin and Shiba Inu’s prices slightly retrace post-announcement, despite Robinhood’s significant SHIB holdings worth around $250 million. SHIB’s future valuation might be influenced by mass adoption and the development of Shibarium, aiming for faster, cheaper transactions. The American-based financial services company – Robinhood –...
Read More »Can Dogecoin (DOGE) Explode to $1? This Popular Trader Thinks so
TL;DR Dogecoin has seen increased volatility, with predictions, including by Twitter user AngeloBTC, suggesting it might reach $1. The memecoin spiked by 6% in 24 hours and over 8% weekly. Dogecoin’s sustained popularity is attributed partly to its endorsement by Elon Musk, Tesla’s CEO, and the interest in other memecoins like Shiba Inu (SHIB). The first-ever memecoin – Dogecoin (DOGE) – is among the most intriguing digital assets for traders due to its enhanced volatility....
Read More »Important Binance Update Concerning Shiba Inu (SHIB) and Dogecoin (DOGE)
TL;DR Binance will delist 17 liquidity pools from its Liquid Swap by October 27, including pairs like DOGE/BUSD and SHIB/BUSD, but Binance Spot remains unaffected. Despite delistings, Dogecoin and Shiba Inu prices remain strong, reflecting the overall positive crypto market trend. BitMEX also delisted pairs, including FLOKI/USD, but Floki Inu’s value has seen a significant uptrend recently. Binance Removes the Following Pairs The world’s largest cryptocurrency exchange –...
Read More »EY Announces First Corporate Client for EY Blockchain Analyzer: Reconciler
The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures. Ernst & Young (EY) Global has announced the first corporate client for its EY Blockchain Analyzer: Reconciler. Per the announcement, Fidelity Digital Assets, a subsidiary of Fidelity Investments, became the first enterprise to use the tool after its launch in February. EY Global Blockchain Leader Paul Brody believes that a robust internal risk management process and...
Read More »Japan to Embrace Dogecoin’s Dog Statue in November
In a heartwarming tribute to one of the internet’s most iconic dogs, the Dogecoin community fundraised for a bronze statue of Kabosu, the Japanese Shiba Inu that inspired the beloved Doge meme and the Dogecoin cryptocurrency. The crowdfunding campaign, launched on Kabosu’s 17th birthday on Nov. 2, 2022, will end with the unveiling of the dog statue in Sakura Furusato Square at the beginning of November this year. Dogecoin Community’s Dream of Kabosu Statue Comes True...
Read More »Users Can Now Trade XRP and DOGE Against PayPal’s Stablecoin
The leading cryptocurrency exchange – Crypto.com – recently teamed up with the payment platform PayPal to become the preferred marketplace for the recently launched stablecoin – PayPal USD (PYUSD). As such, it said there are now new trading pairs on the application. In the following lines, we will outline which ones exactly. Support for XRP and DOGE Crypto.com announced on X (Twitter) that customers can trade Ripple’s native token – XRP, the first ever memecoin – Dogecoin...
Read More »MoneyGram Announces Non-Custodial Wallet to Facilitate Cross-Border Transactions
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper. International peer-to-peer payments and money transfer giant MoneyGram International has announced its intention to launch a non-custodial wallet to bridge crypto and fiat. According to MoneyGram, users will be able to exchange funds between fiat currency and the USDC stablecoin. The MoneyGram wallet confirms the payment company’s interest in crypto. According to...
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