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Hello and welcome to Markets Daily, hosted by me, Jen Sani. On this show, we navigate the currents, shaping the crypto markets, providing insights against the broader financial landscape. So whether you’re actively trading or just fascinated by this crazy world that we call crypto. This show is your compas understanding what’s happened where we are and where we are going. Joining today’s show is Canary Capital Group, CEO Stephen mcclurg Stephen. Welcome to the show. Hi Jen. Thanks so much for having me. Of course. Thank you for being here. We are in the fourth quarter. It’s supposed to…
Summary: This article highlights Lumoz’s breakthrough in combining OP Stack and ZK Proof to enhance performance and security. The new zk-proposer simplifies integration, reduces maintenance, and ensures network stability. This upgrade synchronizes on-chain data and proofs, optimizes contracts, and eliminates vulnerabilities. Lumoz’s innovations reduce verification latency and cost, enable seamless migration from OP-Stack to zk-Verifier, and strengthen its leadership in blockchain scalability. Lumoz is driving blockchain scalability by optimizing the integration of OP Stack and ZK technology. Its latest solution combines the flexibility of OP with the robust security of ZK, speeding up network validation while increasing compatibility with Ethereum…
Oct 21 (Reuters) – Stripe Inc. plans to acquire stablecoin infrastructure provider startup Bridge, the fintech company said in a tweet on Monday, without disclosing the deal value.Forbes reported in a new tab last week that the deal was worth $1.1 billion, citing people familiar with the matter.Stripe declined to comment on the deal amount when contacted by Reuters.Founded in 2010 by billionaires John and Patrick Collison, Stripe was valued at $65 billion earlier this year, making it one of the most valuable privately held startups in the United States. .Digital currencies have gained attention since the U.S. Securities and…
Netflix (NFLX) stock closed at an all-time high of just over $772 on Monday, continuing strong momentum from last week’s better-than-expected quarterly results.Netflix beat every major financial indicator in its third-quarter results last week, and its revenue forecast for this quarter exceeded Wall Street expectations. On Friday, the streaming giant hit a record closing price of just under $764.”In our view, Netflix remains one of the best-positioned companies in the media industry, with several “We have the power to drive growth,” he said, citing the company’s rapid growth in the advertising field and efforts in the gaming field. , sports,…
Stablecoins have yet to catch on outside of the crypto world, but it’s not for lack of trying. Stripe, Ripple and Circle have been betting big in recent days on the eventual creation of a crypto-based payments market to reach consumers accustomed to cash and plastic.Stripe, the company best known for its global payments platform, agreed on Monday to acquire stablecoin platform Bridge. Terms of the deal were not disclosed, but multiple media outlets reported the price was $1.1 billion, making it Stripe’s largest acquisition and the largest cryptocurrency-related acquisition. Stripe’s deal closely aligns with a partnership between cryptocurrency company…
Bitcoin has brought about many changes in many industries, from education to healthcare, and is currently disrupting traditional mobile networks in many ways. With the introduction of Bitcoin came blockchain, the technology that made cryptocurrencies possible. Blockchain, a tamper-proof digital ledger constantly verified by a network of computers, is a technology that provides security in the form of smart contracts and is key to enabling decentralized mobile networks. The future of telecommunications lies in personal autonomy The idea of a decentralized mobile network (DeWi for short) was not possible until the recent blockchain revolution. The idea is that consumers will…
The total value of the stablecoin market is over $170 billion. That’s a big number. And with news on Monday (October 21) that fintech giant Stripe has reportedly acquired stablecoin platform Bridge for $1.1 billion, this is becoming harder for the payments sector to ignore. Stripe is not alone in the growing interest in stablecoins, with historical use cases for these digital assets as fundamental trading pairs and sources of liquidity within crypto exchanges and the broader Web3 economy. The fintech sector is also gaining attention as it increasingly finds utility beyond that. A stablecoin is a cryptocurrency designed to…
A widely followed cryptocurrency analyst says Bitcoin (BTC) is mirroring the movements of major stock indexes in the past and is gearing up for a new vertical. A pseudonymous analyst known as TechDev told his 473,000 followers on social media platform X that Bitcoin could enter a bull market that many will not be able to catch. While most crypto market participants view BTC prices in four-year halving-based cycles, TechDev suggests Bitcoin may be in the early stages of an eight-year bull market. He shared a graph showing the similarities between Bitcoin and the soaring price of the Nikkei Stock…
During Monday’s US market session, Bitcoin price fell by 2.65% to trade at $67,213. Subsequently, the market capitalization plummeted to $1.33 trillion. This pullback comes after a strong rally last week, with BTC surging from $60,000 to $69,000. Can a bailout reversal restore bullish momentum, or are sellers bracing for a big drop? Why is the price of Bitcoin falling today? Today’s BTC price crashed by 2.50%, which can be attributed to the correction at the beginning of the week. Monday is typically a down day, and prices tend to correct and find support on Tuesday or Wednesday before the…
As Bitcoin BTC/USD inches closer to all-time highs, experts predict bullish momentum for major cryptocurrencies, while XRP/USD faces regulatory uncertainty due to SEC’s continued appeal against Ripple I’m addicted to sex. What Happened to Bitcoin: Market analysts at Bitget and Hashdex consider the future divergence between Bitcoin and XRP, citing regulatory and market factors that will shape their trajectory. Bitcoin is only 9% away from its all-time high of $73,500, and analysts believe it is on the brink of a significant price increase. In a note shared with Benzinga, Pedro Lapenta, head of research at Hashdex, highlighted the perfect storm…