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Stripe made big news on Monday when it announced it would acquire stablecoin enablement platform Bridge for a reported $1.1 billion. This isn’t Stripe’s first foray into the cryptocurrency space. The payment processor previously accepted Bitcoin payments until 2018, but stopped doing so after prices collapsed during the 2018 cryptocurrency winter. “Bitcoin has evolved to do better,” Stripe said in a statement. It is an asset rather than a medium of exchange. ”However, on October 9, 2024, Stripe re-entered the cryptocurrency space, allowing merchants in the United States to receive Circle-issued stablecoin USDC through their online checkout page, and making…
FRANKFURT, GERMANY – JUNE 13: A giant euro logo is seen in front of the headquarters of the European (+) Central Bank (ECB) on June 13, 2005 in Frankfurt, Germany. Germany’s economy was hurt by the dollar’s strength against most major currencies on Monday, with the euro in particular hitting a nine-month low against the dollar. Photo credit: Ralph OrlowskiGetty Images Recent actions by central banks and governments have raised questions about whether there is a coordinated effort to rein in Bitcoin. The European Central Bank’s recent working paper, The Distributive Impact of Bitcoin by Ulrich Bindtheil and Jürgen Schaaf,…
Trading legend Peter Brandt has suggested that Bitcoin could be on the verge of a historic move. Brandt’s chart displays an inverted expanding triangle. Two downtrend lines connect each high and low. Earlier this week, traders said the series of lower highs and lower lows had not yet been breached. He believes major cryptocurrencies could reach $150,000 by next September. A break above the upper trend line could indicate an ongoing rest phase followed by a sharp rise. According to data from CoinGecko, the price of the leading cryptocurrency is currently hovering at $67,520. It has fallen just 0.1% in…
Popular cryptocurrency analyst Jason Pizzino said traders should not necessarily expect Bitcoin (BTC) to witness a significant decline before its next rally. In a new YouTube video, Pizzino tells his 335,000 subscribers that every time people expect a “last flush” from a weak hand before the BTC market explodes, Bitcoin tends to do the opposite. I will say that there is. Analysts note that Bitcoin has risen over the past six months to an all-time high in March of this year, and predict that Bitcoin’s current rally could also last a total of six months. Since it started last month,…
October has historically been one of Bitcoin’s best-performing months, causing notable price increases over the years. Considering Bitcoin’s price this month, several crypto analysts believe the digital asset could be gearing up for a breakout that could trigger a new all-time high. I’m thinking. Is a big move in Bitcoin imminent? As October slowly draws to a close, market expert and trader Titan of Crypto believes that Bitcoin will be in the spotlight in a month commonly referred to as the “Uptober,” reflecting the expected bullish momentum. I predicted that there would be a breakout. Expert predictions suggest that the…
Wired reported on October 22 that Canadian cryptologist Peter Todd has gone into hiding following the release of an HBO documentary indicting Bitcoin’s elusive founder Satoshi Nakamoto.The film, called “Money Electric: The Bitcoin Mystery,” aired on October 9th and claimed to reveal Nakamoto’s true identity after years of speculation.The documentary, directed by filmmaker Karen Hoback, examines the many candidates for the role of Bitcoin’s founder, ultimately focusing on Todd, but Todd is the last of the film’s final In the scene he said:”Well, I’m Satoshi Nakamoto.”Todd later clarified that his remarks were taken out of context and were meant as…
Ripple’s native token, XRP, is trading at its lowest value in the past week. At the time of writing, the altcoin is trading at $0.53 and has seen a further 3% price decline in the past 24 hours. However, BeInCrypto’s assessment of XRP’s technical configuration suggests that this decline is temporary and the altcoin could bounce back soon. Here’s why: Ripple selling pressure begins to weaken Despite the price decline, XRP’s Chaikin Money Flow (CMF) has maintained an upward trend over the past few days. This indicator measures the buying and selling pressure of an asset over a specified period…
stock up tyler goodson With Jonathan Taylor still struggling week-to-week with a sprained ankle, Goodson not only latched on to Sermon’s touches and beat Sermon 14-9 on Sunday, he was far more productive than he was. He could potentially earn playing time as a salmon. Relief/pass-catching specialist back. He also scored his first career touchdown against the Dolphins. grant steward Stuard, who led the team with 18 total tackles in his first full-fledged NFL action after the injury to Jaylon Curlies, looked more than capable of being a starting linebacker. We’ve seen him make more plays than Zaire Franklin in…
Stablecoins are a type of cryptocurrency whose main property is to maintain stable prices of assets. Unlike popular cryptocurrencies such as and which often exhibit high volatility, stablecoins are pegged to more stable underlying assets, including fiat currencies such as , , and even fiat currencies. This makes dramatic price movements less likely, which is very useful in the crypto market. In trading, stablecoins are typically used as quoted assets for trading pairs, acting as a tool to maintain the fiat value of trades and eliminating the need to withdraw cash. In a sense, stablecoins serve as the fuel for…
A widely followed cryptocurrency analyst is warning that the value of Ethereum (ETH) could plummet in tandem with a Fed rate cut. In a new video update, cryptocurrency strategist Benjamin Cowen tells his 818,000 YouTube subscribers that ETH followed a similar pattern in 2019, plummeting to the lower end of the log-regression band and becoming the highest ranked altcoin. said it could be about $1,000. The analyst said log-regression bands are designed to track the fair value of assets using “non-bubble data.” “The reason I compare 2024 to 2019 is if you look at the rate hike cycle, just looking…