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Coinbase posted its strongest quarter of earnings in over a year in Q4, as crypto prices and trading surged after the election of US President Donald Trump. Coinbase’s Feb. 13 financial results show the firm hit total revenue of $2.3 billion, up 88% quarter-on-quarter, while net income was $1.3 bill…
By James RogersRetailer's shares jump in extended trading Thursday after report of possible bitcoin investmentShares of GameStop Corp. gained more than 7% in extended trading Thursday, following a report that the company is weighing a bitcoin investment.Citing sources familiar with the matter, CNBC …
One of the top priorities for White House AI and crypto czar David Sacks is addressing the rise of stablecoin legislation in the United States. While stablecoins have gained significant traction internationally, particularly in emerging markets, their adoption in the US has remained limited. The que…
Demand for stablecoins, or cryptocurrencies that are pegged to another asset like the dollar, could rise further on more crypto-friendly regulation, UBS Global Wealth Management analysts say in a note. The Trump administration's pro-crypto stance could result in greater regulatory clarity and oversi…
Analysts at research and brokerage firm Bernstein have more than doubled their price target for Robinhood shares following the company's record quarterly revenue.The commission-free brokerage firm reported fourth-quarter revenue of $1.01 billion on Wednesday, beating the estimated $944 million after…
Currently, 20 US states have active proposals to create their own Bitcoin Reserve, several of which are advancing. These bills contain legal obligations to purchase $23 billion in Bitcoin, which would fuel huge demand.These bills may also encourage some US states to invest their pension funds in Bit…
Robinhood beat expectations for fourth-quarter profit on Wednesday, driven by a surge in equity, option and crypto trading on its platform following Donald Trump's return to the White House, sending its shares up more than 14% after the bell. Robinhood's transaction-based revenue, or income gene…
By Vicky Ge HuangWorld Liberty Financial, the crypto project backed by the Trump family, said Wednesday that the X account of one of its cofounders was compromised to promote a fake token bearing Barron Trump's name.The X account of Zach Witkoff, a cofounder of World Liberty Financial, was compromis…
By Louise Radnofsky, Alex Leary and Georgi KantchevThe Russian co-founder of a popular bitcoin exchange will be released from U.S. custody Wednesday, a day after a deal between Washington and Moscow freed American Marc Fogel, a U.S. official said.Alexander Vinnik, the co-founder of BTC-e, is in U.S.…
U.S. President Donald Trump intends to nominate Brian Quintenz, head of global policy at a16z crypto, to lead the Commodity Futures Trading Commission, Bloomberg reported today.Quintenz, a former commissioner of the CFTC during Trump’s first administration, emerged as a top contender to lead the age…
The crypto industry got a chance to make a full-throated appeal for Congress to finally intervene and set legal standards for digital assets businesses in the U.S. during a hearing Tuesday in front of the House of Representatives subcommittee that focuses on digital assets.Under the Republican-led s…
U.S. lawmakers are taking different approaches to regulating stablecoins and crypto revealing divides prompted in part by President Donald Trump's memecoin and criticism that former regulators were unwilling to embrace new technology.During a House Financial Services Committee digital assets-focused…