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Mike Dalton

Robinhood’s Crypto Revenue Fell 12% in Q3

Key Takeaways Robinhood saw its cryptocurrency transaction revenue fall 12% to $51 million during the third quarter of 2022 . The company nevertheless reported growth in other areas and saw lower-than-expected net losses. Robinhood also listed...

OlympusDAO Hacker Returns $300K Hours After Attack

Key Takeaways $300,000 of crypto stolen from OlympusDAO today has been returned by the hacker responsible for the theft. The original attack saw the hacker exploit a smart contract related to the project's bond features. OlympusDAO...

IRS Drafts New Crypto Reporting Rules for Tax Year 2022

Key Takeaways The IRS has released a draft version of Form 1040, which includes new reporting guidelines for digital assets. This year, the tax agency has explicitly instructed taxpayers to report NFTs alongside crypto and...

FTX, Visa Will Expand Crypto Debit Card Service to 40 Countries

Key Takeaways Visa and FTX have announced plans to extend their crypto-powered debit card to 40 new countries. The card, which is currently available in the U.S., will soon be available in Europe, Latin America,...

Tornado Cash’s Code Is Back on GitHub

Key Takeaways GitHub has lifted a ban on Tornado Cash, restoring the platform's code and profile to its website. Last week, the Treasury clarified that sanctions against Tornado Cash do not apply to its code. Tornado...

Amazon Is Testing Digital Euro Prototypes

Key Takeaways The European Central Bank (ECB) has selected five firms to assist in testing its upcoming digital euro. Each participating firm will create a prototype interface that will be used to process simulated transactions....

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