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DeFi • April 30, 2024, 6:50pm EDT issued 1 minute ago upon Uniswap users can now use Robinhood Connect to purchase cryptocurrencies using funds from Robinhood, debit cards, or bank transfers.Robinhood Connect became available to users of the Uniswap mobile app, a decentralized exchange (DEX), this week. Said in a statement Monday. According to the protocol, the service enables cryptocurrency purchases on Uniswap and is one of three providers joining Coinbase Pay and Moonpay.First-time Robinhood Connect users who purchase $10 worth of crypto on Uniswap's app will receive $10 worth of USDC in their Robinhood account.The Robinhood Connect and Uniswap…

A coal mining company revealed that it had been secretly mining Bitcoin for over three years. Alliance Resource Partners, which is listed on the Nasdaq Stock Exchange under the ticker ARLP, revealed its commitment to the cryptocurrency during its first quarter earnings call. “We really saw this as an opportunity given the fact that we have surplus power in our mining operations,” Cary Marshall, Alliance's senior vice president and chief financial officer, said in a transcript of the call released Monday. . The search for ways to monetize these surplus resources led the company to purchase Bitcoin mining equipment in…

An early Bitcoin investor who made millions of dollars acquiring the cryptocurrency and later dubbed himself “Bitcoin Jesus” has been arrested on fraud charges. Roger Keith Barr, 45, was arrested in Spain over the weekend. He previously lived in Santa Clara, California, but until recently he lived in Tokyo. According to the U.S. Department of Justice, Barr is facing three counts of mail fraud, two counts of tax evasion and three counts of filing a false tax return. The Justice Department says it will seek Barr's extradition to the United States to face charges. Barr was an early adopter of…

An early Bitcoin investor who made millions of dollars acquiring the cryptocurrency and later dubbed himself “Bitcoin Jesus” has been arrested on fraud charges. Roger Keith Barr, 45, was arrested in Spain over the weekend. He previously lived in Santa Clara, California, but until recently he lived in Tokyo. According to the U.S. Department of Justice, Barr is facing three counts of mail fraud, two counts of tax evasion and three counts of filing a false tax return. The Justice Department says it will seek Barr's extradition to the United States to face charges. Barr was an early adopter of…

Qiao Changpeng, the billionaire founder of giant crypto exchange Binance, was sentenced to four months in prison on Tuesday, the first time any other crypto executive has been sentenced since the crypto industry collapse in 2022. This is a much lighter punishment than what he has received.Mr. Zhao pleaded guilty last year to money laundering violations, admitting that his company had given terrorist groups and other criminals access to its platform. The defense asked for a suspended sentence without jail time, but the prosecution asked for a three-year sentence, calling it an “unprecedented” crime.But Judge Richard A. Jones, who handled…

PayPal's latest earnings report was largely silent on cryptocurrencies, but CEO Alex Chriss said on a call with analysts Tuesday morning that the company's stablecoin PYUSD The use of “for cross-border payments'' is “one area where we believe there are compelling unit economics and compelling unit economics,'' he said. The market is looking up. ” The comments come after PayPal announced earlier this month that its cross-border money transfer service, Xoom, would allow customers to send PYUSD internationally without fees. Despite becoming the first major financial services company to issue its own stablecoin last August, the company did not detail…

As Bitcoin, Ethereum and Solana face sharp selloffs, some point to bullish catalysts and reduced regulatory risk, while others point to the potential for a market rally. Is there a chance for an upturn, or will the slump continue? (Shutterstock) Posted on April 30, 2024 at 5:08 PM ET. Markets were down sharply on Tuesday due to a number of factors, including regulatory uncertainty and a confluence of economic indicators that suggest a difficult path ahead. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have all posted notable losses, with broader implications emerging as investors brace for potential changes in U.S.…

However, one cryptocurrency analyst has predicted when Ethereum, the world's second-largest cryptocurrency, will bottom against Bitcoin under certain conditions. Analyst predicts ETH/BTC bottom timeline In a recent post on X (formerly Twitter), crypto analyst and founder of ITC Crypto Benjamin Cowen said: share His prediction on the Ethereum and Bitcoin price ratio predicts when ETH/BTC will reach its lowest value in the current market cycle. While sharing his insights on the market situation, Mr. Cowen noted the striking similarities between current market dynamics and those seen in 2019. He revealed that the recent rally in ETH/BTC reflects the market movements…

In May 2022, Nubank, Brazil's largest digital bank, joins other banks such as Solana (SOL) in trading Bitcoin (BTC) and Ethereum (ETH) in a new partnership with blockchain infrastructure company Paxos. It was announced for the first time that it would support . At the time, Nubank's own parent company, Nu Holdings, was reported to have allocated 1% of its total cash holdings to Bitcoin. Nubank then announced that its platform would support cryptocurrency withdrawals sometime in December 2023, and that feature is now here. April 23, 2024, Bitcoin Magazine revealed You can now send and receive Bitcoin (BTC), Ethereum…

Eurozone stocks fell on Tuesday, weighed down by a strong euro as investors digested positive economic news, while Wall Street stocks fell on disappointing data.Frankfurt and Paris stocks fell, but the euro rose against the dollar after data showed the euro zone economy emerged from recession as inflation came under control in the first quarter. The euro then gave up its rise and began to fall.Meanwhile, the London market soared to a new high of 8,199.95 points, and HSBC soared more than 4% on a raft of share buybacks, despite a drop in first-quarter profits and the resignation of its…