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Nvidia posts record $18B Q3 revenue, cites generative AI as primary driver

Nvidia announced third-quarter revenue for 2023 of $18.12 billion, a company record, with the firm’s market cap now reaching $1.22 trillion.The better-than-expected earnings follow a 12-month growth trend, during which the company saw earnings increase by 34% over the last quarter and 206% over Q3 2022. While the company beat

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India’s Controversial TDS Crypto Tax Should Be Cut if the Government Wants to Boost Revenue, Transparency, Esya Centre Urges

The tax, a form of income tax known as TDS, has prompted as many as 5 million crypto traders to move their transactions offshore, and has cost the government a potential $420 million in revenue since it was introduced in July, 2022, according to the study by the Esya Centre. Source

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Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges

Bitcoin mining firm Marathon Digital Holdings saw its revenue surge $670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production.The results saw Marathon also swing to a quarterly profit, with $64.1 million of net income in the third quarter, according to the firm’s Nov.

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Robinhood targets EU for crypto trading growth amid shortfall in Q3 revenue

Robinhood, the fintech firm known for its trading app, has announced plans to launch its cryptocurrency trading services in the European Union and initiate brokerage operations in the UK following a mixed third-quarter financial performance. Robinhood has announced plans to broaden its horizons. The trading platform, primarily recognized for its role

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Robinhood’s Crypto Trading Revenue Drops by 55% in Q3 2023

Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted

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Robinhood eyes European expansion amid Q3 revenue drop

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

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