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Robinhood expects revenue increase despite drop in PFOF in Q2

Robinhood expects revenue increase despite drop in PFOF in Q2

It looks like payment for order flow is becoming less important to the now-public stock and crypto brokerage Robinhood, according to data compiled by The Block.  During the second quarter of the year, Robinhood reported in a 606 filing with the Securities and Exchange Commission that it brought in $217 million from payment for order …

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Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Quick Take The Bitcoin network’s mining difficulty has decreased, taking into the account the recent drop in hash rate. This latest difficulty adjustment was the largest in its history. The mining difficulty of the Bitcoin network has dropped by 27.9%, as the network adjusts to the massive drop in hash rate. This is the biggest …

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Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

China coal mine accidents may be behind bitcoin’s hash rate drop

Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …

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Ethereum faces inevitable drop to $187 with low re-test probability at $170

Ethereum faces inevitable drop to $187 with low re-test probability at $170

The last couple of days in the month of April laid down the foundation for Ethereum’s rally in May, but the world’s largest altcoin has been rather disappointing over the past week. After hiking by 15 percent on 30 April, ETH’s valuation plunged by over 5.66 percent over the last 6 days. With bullish momentum …

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