Robinhood Crypto Revenues Plummet By 78% In Q3 – October 27


📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$58,950

Bitcoin price has taken a hit over the last 24 hours of trading, falling all the way back into the $58,000s.

Top-20 altcoins have also dipped, as Ethereum falls 5%, Cardano tumbles 9% and XRP also drops 9%. Shiba Inu stands out with a massive 31% rally.

Top Stories for October 27, 2021 🔥

👉 Robinhood Crypto Revenues Plummet By 78% In Q3

Share prices for retail trading company Robinhood have dropped by 10%, as the firm announces a 78% fall in revenues from cryptocurrency trading.

Crypto activity has accounted for 19% of Robinhood’s transaction revenue over the last quarter, which stood at a total of $267 million. In comparison, the firm’s crypto transaction revenue in Q2 stood at $233 alone.

👉 Adobe Partners With NFT Platforms For New Feature

Software giant Adobe has announced a new feature for Photoshop, which will enable users to prepare images as non-fungible tokens (NFTs).

The feature will also add content credentials to the file that can be used by NFT marketplaces, such as OpenSea, to display creator attributions. The feature is already live in Photoshop for desktop, in public beta.

👉 Baseball Star David Ortiz Signs Multi-Year Deal With FTX Exchange

Red Sox baseball legend David Ortiz has signed a multi-year deal with crypto exchange FTX, as an ambassador. The deal is the latest of several high-profile athlete partnerships made by the exchange.

As part of the deal, Ortiz will be compensated in crypto via the app for the partnership, and will also be releasing multiple NFT collections.