Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7.

The commission-free trading app made this announcement as it revealed its third-quarter results, indicating a revenue miss. Robinhood attributed the decline in its transaction-based revenue to reduced cryptocurrency trading volumes on the platform.

The firm reported a net revenue of $467 million, slightly below the average analyst estimate of $478.9 million. Nevertheless, this marked a 29% growth compared to the same period last year. Transaction-based revenues…

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Athena Bitcoin, the company operating a state-owned chain of crypto ATMs in El Salvador, plans to integrate the Lightning Network into 100 of these machines in the next couple of months.

According to the press release from Nov. 7, Athena Bitcoin Global and Genesis Coin Inc. have already enabled the use of the Lightning Network technology across their technology infrastructure and will now begin implementing them at first in El Salvador and then across Latin America.

Related: El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor

The Lightning Network is a “layer 2” payment protocol that enables faster withdrawals and minimizes transaction fees. It also avoids…

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Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederick Gregaard, who said that the network is “boring,” considering the platform’s academic approach.

“Cardano is boring. We are boring because we are based on academic peer-reviewed papers, [and] we are sharing that across the globe,” Gregaard told Cointelegraph on the sidelines of the recent Cardano Summit in Dubai.

Cardano Foundation CEO Frederik Gregaard (right) with Cointelegraph Arabic reporter Hermi De Ramos (left) at the Cardano Summit in Dubai. Source: Cointelegraph

The…

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European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.

Bitwala is relaunching operations under its original name, in partnership with the support of the banking infrastructure company known as Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8.

As part of the partnership, Striga is providing Bitwala with “Banking and Crypto-as-a-Service,” enabling the crypto banking app to draw on its trading and card-issuing functionality, Bitwala CEO Dennis Daiber said.

Bitwala, which rebranded as Nuri in 2021, filed for insolvency in August 2022, citing liquidity issues coming…

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The Central Bank of the United Arab Emirates (CBUAE), along with other regulators in the country, has recently published new joint guidance for virtual asset service providers (VASPs) operating within the country. The new guidelines include penalties for VASPs operating without proper licenses within the jurisdiction. 

The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC), in collaboration with UAE supervisors, has issued guidance on combating the use of unlicensed virtual asset service providers, which is prepared by…

— Central Bank of the UAE (@centralbankuae) November 6, 2023

On Nov. 6, the National…

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Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000.

BTC/USD 1-hour chart. Source: TradingViewBitcoin hits “key” short squeeze price

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reacted amid highly elevated open interest (OI) on exchanges.

Previously, Cointelegraph reported on the more than $15 billion in OI being apt to spark a fresh round of volatility. Some feared that BTC price downside would result, with the ultimate direction unknown.

In the end, shorts felt the heat as Bitcoin made swift gains to top out at just below $35,900.

Analyzing the situation before the move, popular…

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Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.

Onafriq will use Ripple Payments’ blockchain technology along with with three partnering companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

Remittances make up a large part of cross-border payments to Africa. Ripple senior vice president of global customer success Aaron Sears told Cointelegraph:

“Sub-Saharan Africa has proven to be a… Read more on Cointelegraph