In this episode of the Crypto Daily Download, we dive into the latest developments in the cryptocurrency market. Robinhood’s Q4 Earnings: Discover how Robinhood reported a fourth-quarter profit of $605 million, beating analysts’ estimates, despite a slight dip in revenue growth. We discuss the performance of their crypto business and the impact on their stock price. Market Update: Get the latest on Bitcoin and Ether prices, including Bitcoin’s drop below $67,000 and Ether’s decline to $1,938. New Blockchain Innovations: Learn about Xero, a new blockchain backed by Citadel and ARK Invest, designed to tackle Wall Street’s needs using cutting-edge Zero Knowledge Proof technology. Blockchain.com UK Registration: We cover Blockchain.com’s recent approval for UK operations after a lengthy process, allowing them to engage in crypto-related activities while adhering to regulatory standards. Jane King with the latest from the NYSE.
Get the latest news and updates on FINTECH.TV
Thanks.
Here's a look at your crypto daily download.
Robinhood reported fourth quarter profit of $605 million or 66 cents a share.
That did beat analysts estimates.
According to Facte, revenue jumped 27% to a record $1.28 billion.
That was slightly below expectations.
The company's crypto business underperformed, but prediction markets were strong.
Robin shares are down 24% this year so far.
Bitcoin overnight fell below $67,000.
Ether, the second biggest coin, fell 3.5% to a low of $1,938 while a new blockchain called Xero is designed to meet the needs of Wall Street.
Citadel and Cathywoods Ark Invest are backing it in an interview with Fortune, co-founder Brian.
Pellegrino said that zero blockchain can overcome the scaling challenge thanks to a breakthrough on a cutting edge type of technology known as zero knowledge proofs, which allows different parties to verify information in a privacy preserving method.
And Blockchain.com won UK registration nearly 4 years after abandoning the Financial Conduct Authority process.
The London-based company elected to.
Withdraws application for FCA licensing in March of 2022, having not won approval ahead of an impending deadline.
So the new, uh, approval does allow Blockchain.com to carry out certain crypto-related activities in the UK on the basis that it complies with money laundering and counterterrorist financing rules.
That's the latest crypto daily download headlines.