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Three Big Crypto Takeaways From Robinhood’s Quarterly Announcement

In Robinhood's latest earnings call, CEO Vlad Tenev highlighted the dramatic growth in prediction markets, which have doubled their volume every quarter, reaching 2.3 billion contracts in Q3. The company also reported strong crypto revenues of approximately $268 million and a 129% increase in transaction-based revenue to $730 million, contributing to a total revenue of $1.27 billion for the quarter, marking a 100% year-on-year increase. CFO Jason Warnick noted steady take rates for crypto amid expanding activities and the acquisition of Bitstamp. Furthermore, Robinhood is focusing on international expansion, particularly in the U.K. and EU, as it rolls out marketing initiatives and stock-token trading across 30 countries, aiming for a long-term vision of growth over the next decade.

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Tenerife Council to Sell Bitcoin Bought In 2012 After Near 10,000% Price Rise

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Tenerife Council to Sell Bitcoin Bought In 2012 After Near 10,000% Price Rise

The Tenerife Council is set to sell 97 bitcoins purchased in 2012 for €10,000 (approximately $11,500), now valued at nearly €10 million due to a nearly 10,000% increase in price. The purchase was made by the Instituto Tecnológico y de Energías Renovables (ITER) as part of a

Tenerife Council to Sell Bitcoin Bought In 2012 After Near 10,000% Price Rise

The local council of Tenerife is set to sell 97 bitcoin purchased in 2012 for €10,000 as part of a research initiative, now valued at nearly €10 million. The bitcoin was acquired by the Instituto Tecnológico y de Energías Renovables (ITER) to study blockchain technology rather than for profit.