Robinhood’s Q3 crypto revenue surges 300% as earnings beat forecasts
Robinhood Markets’ crypto revenue jumped over 300% in Q3, helping to double its revenue from last year to surpass analyst expectations. Source link
Crypto Sentiment Plunges With Bitcoin’s Fall Below $106K
Crypto market sentiment took a major fall on Tuesday after Bitcoin briefly fell below $106,000 for the first time in over three weeks. The Crypto Fear & Greed Index on Tuesday dropped by half from the day before to a score of 21 out of 100, indicating “Extreme Fear” in the crypto market. Bitcoin (BTC)…
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French MPs advance measure to tax crypto as ‘unproductive wealth’
Lawmakers in France’s National Assembly have passed an amendment that would consider larger crypto holdings “unproductive wealth” and subject them to taxation. Source link
France Could Pass ‘Unproductive Wealth’ Tax Targeting Crypto
Lawmakers in France have voted to advance an amendment to the country’s tax laws that would impose levies on “unproductive wealth,” including some types of property and crypto holdings. Centrist MP Jean-Paul Matteï filed the amendment on Oct. 22, with members of the National Assembly, the country’s lower house, passing the amendment with a vote…
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Elizabeth Warren rebuffs CZ defamation threat as ‘without merit’
Changpeng Zhao’s lawyer, Teresa Goody Guillén, reportedly threatened to sue Warren for “defamatory statements” on X after CZ secured a pardon from Trump. Source link
Sen. Warren Says CZ Legal Threats ‘Without Merit’: Report
A lawyer for US Senator Elizabeth Warren has hit back at allegations that she defamed Binance founder Changpeng Zhao in a social media post following US President Donald Trump’s pardon of him. The New York Post reported on Tuesday that Zhao’s lawyer, Teresa Goody Guillén, threatened to sue Warren for “defamatory statements that impugn his…
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Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks
Shares in Strategy have risen nearly 6% after hours as the Bitcoin treasury company reported a net income of $2.8 billion for its third quarter, down from the second quarter but still beating analyst expectations. Strategy on Thursday reported diluted earnings per share of $8.42 for the three months ending Sept. 30, beating Wall Street…
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Kalshi Takes Legal Fight on Event Contracts to New York
Trading platform Kalshi has sued the New York State Gaming Commission, accusing it of overstepping its jurisdiction by issuing a cease and desist order for allegedly illegally offering sports betting in the state. Kalshi claimed in its complaint filed in a Manhattan federal court on Monday that the state regulator can’t oversee the platform, as…
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Crypto Treasury Buying Slows Since Market Crash
Public companies that buy and hold Bitcoin and Ether have largely stopped accumulating since the market tumbled earlier in October, a move signaling a recent lapse in confidence. Digital asset treasury (DAT) companies that buy Bitcoin (BTC) “have largely ghosted the post-Oct 10 drawdown and are yet to re-engage,” Coinbase Institutional global head of investment…
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Australia Crypto Scene Says Draft Crypto Laws Need More Work
Australia’s crypto industry has largely backed the government’s draft crypto legislation released last month, but has still responded to a Treasury consultation with demands for further clarity. “The draft legislation, as it stands, leaves some critical questions unanswered,” Caroline Bowler, the former CEO of crypto exchange BTC Markets, said in a statement. “We support the…
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