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Robinhood Launches Crypto Transfers in Europe in Push for DeFi And Self-Custody Accessibility
Robinhood is announcing the addition of one of the most requested app features in European markets.
According to a new press release, Robinhood Crypto customers in Europe can now complete crypto transfers using the Robinhood trading app.
“Crypto transfers enable customers to deposit and withdraw more than 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and others, giving them greater flexibility and control over their digital assets.”
The launch announcement is also accompanied by a special promotion offering users a 1% match on crypto deposits.
Says Johann Kerbrat, VP and GM of Robinhood Crypto,
“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers.
Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.” Read More
Tron Network posts record $577M revenue in Q3
The Tron network posted record quarterly revenue, driven by increasing stablecoin activity and an effort to capture a slice of the expanding memecoin market.
The Tron Network has posted a record $577 million in revenue for Q3, putting it ahead of mainstay blockchains including Bitcoin and Ethereum in terms of quarterly income.
Tron brought in $577.2 million worth of revenue in Q3, with 74% of its revenue coming from staking while 26% came from burning, according to data from Tronscan, which was also cited by Tron founder Justin Sun in an Oct. 2 post on X.
Tron’s record quarterly figures were primarily driven by the network’s growing stablecoin activity, as well as a recent push into the memecoin market.
According to data from Token Terminal, Tron’s aggregate fees and revenue outpaced that of larger rival networks such as Bitcoin and Ethereum, which posted respective quarterly incomes of around $56.3 million and $256 million.
It’s worth noting that there are significant differences in how blockchain networks generate income, often through a complex mix of fees, revenue, and other more technical avenues. Comparisons on a pure revenue or fee basis may not perfectly reflect a blockchain’s total income. Read More
Digital Asset’s Canton Network tokenizes gold, Eurobonds, gilts
After a successful US Treasurys project, Digital Asset has turned its attention to collateralizing more bonds and gold.
Digital Asset has completed another large pilot project demonstrating the tokenization power of its Canton Network. This time, it worked with clearing and settlement service Euroclear, the World Gold Council and global law firm Clifford Chance to tokenize gold and bonds — Eurobonds and gilts.
The project brought together 27 unnamed market participants, including 11 observers, on the Canton testnet, where they tokenized assets and used them as collateral in over 500 real-time atomic transactions divided into six categories.
Putting real-world assets to work:
Research cited by Digital Asset shows there is a $230-trillion “universe of marketable securities,” but the global collateral market amounts to just $25.5 trillion. Eurobonds and gilts (the term used for bonds in the British Commonwealth) are popular and easily accessible — so a natural choice to use as collateral.
Gold, in contrast, is rarely used as collateral because of the challenges of moving and storing it. That is strong motivation for tokenization:
“The ability to mobilize and use these large pools of high quality assets more immediately and efficiently will unlock new revenue opportunities while reducing capital exposure and operating risk.” Read More
Streamlining DeFi: How traders can simplify portfolio management
This platform addresses common challenges in DeFi portfolio management by offering intent-based trade execution and liquidity rewards.
Velvet Capital launched on Base to streamline DeFi portfolio management and social trading. Through the platform’s intent-based execution, users can trade any token or farm DeFi protocols, making onchain portfolio management simple.
The progression of decentralized finance (DeFi) offers exciting new ways to trade and earn yields. However, as the ecosystem grows, so does the challenge of managing investments across more than 300 chains and 3,000 DeFi protocols. Whether for seasoned traders or newcomers, navigating this fragmented ecosystem can feel overwhelming.
Users often find themselves switching between different platforms to execute trades, manage liquidity and monitor their investments. This disjointed experience leads to inefficiencies, such as higher fees, missed opportunities for yield optimization and increased tracking performance complexity.
Without a unified interface, managing a DeFi portfolio requires time and technical know-how. A solution that brings everything together in one place is crucial to encouraging broader adoption and making DeFi accessible to a wider audience. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Bitwise Seeks SEC Approval to Launch Spot XRP ETF
Bitwise Asset Management announced on Wednesday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for “Bitwise XRP ETF,” a spot XRP exchange-traded fund (ETF) designed to offer investors direct exposure to XRP. “The proposed fund would hold XRP directly,” the company stated. The filing came after a submission to the Delaware Division of Corporations the day before.
Hunter Horsley, Bitwise’s CEO, shared on social media platform X:
Today we filed an S-1 for a Bitwise XRP ETP! For more than a decade, XRP has been an enduring crypto asset that many investors want exposure to.
“Over the past 6+ years, we’ve worked to pioneer investment vehicles that provide access to the emerging opportunities in the space. We’re excited to continue that work,” the executive added.
The proposed ETF plans to store XRP with Coinbase Custody Trust Company LLC, a New York-based limited liability trust company that offers digital asset custody services. The filing states: “The net assets of the trust and its shares are valued on a daily basis with reference to the pricing benchmark, a standardized reference rate published by CF Benchmarks Ltd. (the ‘Benchmark Provider’) that is designed to reflect the performance of XRP in U.S. dollars.” Read More
SUI blockchain explained: Is it the future of decentralized networks?
The Sui network is a novel blockchain platform designed to tackle industry challenges such as scalability, speed and cost.
Launched in May 2023 by Mysten Labs, a company founded by former Meta engineers involved in Facebook’s Diem project (formerly known as Libra), Sui was built to deliver a decentralized solution capable of processing a high volume of transactions with minimal delay.
One of Sui’s standout features is its parallel transaction processing. While similar technology is used by other networks like Solana and Avalanche, Sui distinguishes itself by reducing the complexity of coordination between validators.
This streamlined approach makes the network more efficient and scalable, allowing it to maintain high throughput even under heavy traffic without the bottlenecks that typically affect other blockchains.
As part of this, Sui introduces an object-centric model. This doesn’t just allow for more granular transaction processing; it also allows digital assets to evolve and change over time rather than remain static.
This makes the platform ideal for applications involving non-fungible tokens (NFTs), GameFi and decentralized finance (DeFi), where assets frequently need to be updated or modified. In comparison, blockchains like Solana and Avalanche are optimized for speed but lack this kind of flexibility in handling dynamic data. Read More
Hackers have started using AI to churn out malware
Researchers at HP found a malware program written by generative AI “in the wild” while investigating a suspicious email.
Malware developers are now using generative AI to speed up the process of writing code, accelerating the number of attacks while essentially letting anyone tech-savvy develop malware.
In a September report from HP’s Wolf Security team, HP detailed how they discovered a variation of the asynchronous remote access trojan (AsyncRAT) — a type of software that can be used to remotely control a victim’s computer — while investigating a suspicious email sent to a client.
However, while AsyncRAT itself was developed by humans, this new version contained an injection method that appeared to have been developed using generative AI.
In the past, researchers have found generative AI “phishing lures” or deceptive websites used to lure in victims and scam them. But according to the report, “there has been limited evidence of attackers using this technology to write malicious code in the wild” prior to this discovery.
The program had several characteristics that provided strong evidence it was developed by an AI program. First, nearly every function in it was accompanied by a comment explaining what it did. Read More
'Every meme coin is a rug pull in the works' — Mark Cuban
According to CoinGecko, memecoins were the biggest crypto narrative in the second quarter of 2024, with a 14.3% share of all transaction volume.
Investor Mark Cuban recently appeared on the Rug Radio podcast to share his views on the crypto industry, including the belief that all memecoins are drawn-out rug pulls and have no real-world utility.
“It’s like playing roulette,” Cuban told his interviewer, as he characterized meme trading as a game of “musical chairs” in which all participants gamble. The longtime investor explained that while memecoins can feature strong communities, they lack staying power:
"Every single meme pool is a rug pull in the works, right? Because there's no real reason for it to stick around other than the fun of it, and to see when the token goes up in value because more people came in — it's musical chairs."
Cuban also opined that the memecoin markets are essentially underpinned by the Greater Fool Theory — a market hypothesis that asserts investors can purchase assets independent of fundamental factors and still sell the assets at a profit to another investor. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
