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According to the report, bridge transactions will validate the use of stablecoins on public blockchains. Bernstein said stablecoins are currently the cheapest method of cross-border payments. The broker noted that this is the largest cryptocurrency acquisition by a major payments company. Stripe’s acquisition of Bridge validates the use of stablecoins on public blockchains, broker Bernstein said in a research note on Tuesday. “Due to the increased scalability of blockchain, stablecoins are emerging as a key use case for blockchain, especially in cross-border payments,” analysts led by Gautam Chughani wrote. According to the report, USD-denominated stablecoins on crypto rails currently cost…

Litecoin (LTC) made a comeback last week, changing its presence in the crypto market. The asset has witnessed immense volatility over the past few days with significant price increases followed by similar price decreases. This sudden buzz in the LTC market was related to the filing of a Litecoin ETF by Canary Capital.Also read: Ripple: Will XRP reach $1 if Donald Trump wins the US election?Analyzing Litecoin market volatility and its impact on ETFssauceLTC founder Charlie Lee expressed his excitement over this, saying, “We are pleased to see Canary Capital filing for a Litecoin ETF. We have indeed observed significant…

XRP has been trading at a discount for nearly seven years, and while some analysts remain bullish, others are cautious at this point. However, Northstar, a macro analyst with around 100,000 followers on X, questioned the bullish optimism surrounding XRP and argued that it may be premature. In a recent analysis, Northstar highlighted the bearish trend that XRP is experiencing. He noted that according to market charts, the asset is down more than 83% from its previous high, with no clear signs of reversal. XRP suffers from major failure Additionally, Northstar noted the significant decline in XRP below its long-standing…

Stripe acquired Bridge Crypto for $1.1 billion. This is the company’s largest acquisition and shows an increased focus on stablecoin integration. The agreement strengthens Stripe’s digital payments capabilities while providing Bridge with resources to expand its stablecoin solutions globally. Global payments giant Stripe, valued at $70 billion earlier this year, announced it would acquire stablecoin platform Bridge for $1.1 billion. The transaction is the largest acquisition in Stripe’s history since its founding in 2010. The acquisition focuses on integrating stablecoin solutions into Stripe’s payments infrastructure. We aim to power global trade with faster, cheaper solutions. Bridge Crypto is known for…

Sony (SONY -0.66%) is one of the world’s top game, film production, and music publishers. The company also sells consumer electronics and image sensors, and is preparing to spin off its financial services group in the next few years. Over the past decade, Sony’s stock price has increased nearly 430%. But the Japanese conglomerate, with a market capitalization of $110 billion, is still worth far less than Walt Disney, which has a market capitalization of $176 billion, and video game rival Microsoft, which has a massive market capitalization of $3.1 trillion. low. Does Sony have what it takes to rise…

When the crypto bubble burst, it was seen as a sign that the era of blockchain was over. But that couldn’t be further from the truth, as fintech company Stripe just signed a $1 billion deal to acquire stablecoin payments developer Bridge. In this video, Travis Hoium explains why this is huge for blockchain and Coinbase (NASDAQ: COIN).*Stock price uses the closing price on October 21, 2024. The video was released on October 21, 2024. Don’t miss out on this potentially lucrative second chanceHave you ever felt like you missed out on buying the most successful stocks? Then you’ll want…

In the ChainCatcher message, Federal Reserve President Christopher J. Waller gave a speech discussing whether DeFi (decentralized finance) is a replacement for or complement to traditional finance. He spoke positively about tokenization and stablecoins, concluding that the two are complementary. Waller cited the benefits of stablecoins, believing they can reduce the need for intermediaries and reduce payment costs. Stablecoins have a run risk, but this can be addressed through regulatory measures, making them a “safe haven” asset on a variety of new trading platforms. However, he also pointed out that centralized financing is still needed as most crypto customers still…

The head of Tesla and SpaceX took time out of a Pennsylvania political rally supporting Donald Trump to clarify his stance on cryptocurrencies. He insists it’s still mostly casual.The head of Tesla and SpaceX took time out of a Pennsylvania political rally supporting Donald Trump to clarify his stance on cryptocurrencies. He insists it’s still mostly casual. In response to speculation about his possible involvement in shaping blockchain policy, Musk said his involvement in cryptocurrencies is not as important as many realize.“People make Dogecoin jokes and things like that because they just love Dogecoin,” Musk explained, noting that the cryptocurrency’s…

Sponsored post* Now is the time for crypto holders to scale up to new projects with exceptional potential to outperform next quarter. Cardano and Avalanche holders have already started switching their slow-coached legacy coins to the insane 100x potential offered by the Rollblock ($RBLK) presale to disrupt the massive online gambling sector with blockchain technology I am. Let’s take a closer look… Cardano ($ADA) could fall further if interest rates fall Cardano performed well this month, rising 3.45% to $0.36. Cardano traders appear to be taking steps towards this top blockchain, as 24-hour trading volume surged 74% today, with $274.4…

4OTC, a provider of low-latency connectivity services for digital assets and FX, has announced a partnership with cryptocurrency liquidity firm B2C2. B2C2 is integrated with 4OTC’s 1API service, providing ultra-low latency connectivity to multiple digital asset exchanges around the world. B2C2 is already recognized as a leader in the OTC market and is working with 4OTC to support distribution on exchanges. 4OTC provides a single integration for B2C2 to quickly connect to multiple exchanges using a robust, secure, scalable, and ultra-low-latency API. Jad Sarmo, Head of Quant Development at B2C2, said: “Our partnership with 4OTC expands our presence on exchanges…