- Benzinga
Robinhood Eyes Major Growth With New Trading Features, While Coinbase Rides Crypto Surge: Analyst
Piper Sandler analyst Patrick Moley said the volatile trading environment drives third-quarter outperformance for exchange and trading companies, leading to a strong backdrop for retail brokers. Moley maintained Robinhood Markets Inc (NASDAQ:HOOD) with an Overweight rating and a $27 price target. Despite Net Interest Income headwinds from the lower rate environment, Moley noted several distinctive near-term opportunities for Robinhood Markets that should help drive continued earnings growth. On
- Investor's Business Daily
Cryptocurrency Prices And News: Bitcoin Pops To $63,000, Cryptos Climb
Cryptocurrency News: Cryptocurrency prices continued to climb early Monday after Friday's September jobs report blew away economists' forecast. Bitcoin rose to $63,000 Monday. Bitcoin had slumped to start October, retreating near $60,600 from its Sept.
- Reuters
Coinbase to delist some stablecoins in Europe ahead of new regulations
The European Union's landmark crypto regulatory framework, known as the Markets in Crypto-Assets (MiCA) regulation, introduced in early 2023, is set to be fully applied by December. It requires issuers of stablecoins - crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility - to meet strict transparency, liquidity, and consumer protection standards. "Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024," the top U.S. crypto exchange said in an emailed statement.
