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The post Robinhood Will Win Against US SEC in the Ongoing Case: Says KBW Broker appeared first on Coinpedia Fintech News In a research report on Monday, KBW broker indicated that Robinhood Markets Inc. (NASDAQ: HOOD) will likely fight the United States Securities and Exchange Commission (SEC) in court and win. KBW analysts noted that Robinhood only offers trading for 15 crypto assets and will most likely continue with its services.  Meanwhile, KBW indicated that the US SEC will sue…

The post Here’s How the U.S. Government’s Bitcoin Holdings Reached $13.82 Billion appeared first on Coinpedia Fintech News The US government has a lot of bitcoin, and whether it keeps or sells it could significantly affect the price of Bitcoin. Public records reveal that Washington has confiscated more than 200,000 tokens from cybercriminals since 2020. For the last 10 years, the US government has been confiscating and offloading Bitcoin instead of simply holding onto it. Will they change the pattern…

BRICS has revealed that it is working on a stablecoin, leading to speculation that the alliance could adopt Ripple’s XRP. Ripple has a dedicated CBDC platform that helps central banks, governments, and financial institutions build their stablecoin. Following the confirmation that the BRICS alliance is developing a stablecoin, the community is speculating that Ripple’s XRP could be leveraged. Russian Minister of Foreign Affairs confirmed that the alliance will launch a stablecoin to facilitate international transfers. With its reputation for instant…

PayPal and MoonPay join forces, making it easier for US users to buy SHIB and other cryptocurrencies directly. SHIB’s price surged 2% in 24 hours, driven by an increased burn rate and growing interest, showcasing resilience amidst market fluctuations. Cryptocurrency enthusiasts in the United States have reason to rejoice as Shiba Inu (SHIB) tokens are now accessible for purchase through PayPal, thanks to a recent partnership with MoonPay, a leading crypto payment processor. This collaboration aims to simplify the transition…

Over time, the United States government, through its regulatory agencies, has filed cases against several crypto firms, demanding compliance for their products and services. While the list is extensive, some cases have stood out, like lawsuits against decentralized protocols like Uniswap, crypto mixing platforms like Tornado Cash, and big firms like Binance and Coinbase. The U.S. Fights Crypto The U.S. government’s fight against crypto entities became more intense last year. Within 48 hours in early June, the Securities and Exchange…

Terraform Lawyers are fighting the US SEC with the proposed civil penalty. Do Kwon may still face charges in the United States. Terraform Labs, the company behind the algorithmic stablecoin TerraUSD (UST) is fighting the United States Securities and Exchange Commission (SEC) over a hefty fine levied by the regulator. Terraform Lab’s Lawyers Argument According to reports, the SEC alleges Terraform misled investors and is seeking $5.3 billion in penalties, with most of that being disgorgement, a form of repayment…

The post Bitcoin Price Jumps Above $62K As US Jobs Data Boosts Rate Cut Expectation! Here’s What To Expect Next appeared first on Coinpedia Fintech News Bitcoin’s price surged toward $62,000 shortly after the U.S. government released its Nonfarm Payrolls report. The report, issued earlier today, indicated an unemployment rate for April of 3.9%, slightly above the anticipated 3.8%. This higher unemployment rate suggests that the Federal Reserve might lower interest rates, which typically boosts the appeal of riskier assets…

Bitcoin’s price has surged past $62,000. The upswing was catalyzed by the recent US job market report. It showed a looser labor market, which might be good news for the Federal Reserve. The price rebound BTC experienced comes after a corrective period fueled by market and regulatory uncertainties. Bitcoin Shows Signs of Recovery After US Labor Data The US Bureau of Labor Statistics revealed a slight increase in the unemployment rate to 3.9%. This contradicts expectations that unemployment would stabilize…

BNP Paribas, Europe’s second-largest bank, has recently acquired significant exposure to BTC through BlackRock’s iShares Bitcoin Trust ETF (IBIT). This strategic purchase positions BNP Paribas ahead of many US wealth and pension funds in adopting Bitcoin-based investment products. Institutions Buy BlackRock Bitcoin ETF BNP Paribas, boasting over $600 billion in assets under management, made a comparatively modest investment of approximately $40,000 in BlackRock’s Bitcoin ETF. Despite the small scale of the investment in terms of the bank’s vast asset pool,…