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Diving overview: Payments software giant Stripe plans to acquire stablecoin platform Bridge, executives from both companies confirmed on Monday through separate statements posted on social media platform X. A Stripe spokesperson would not confirm the amount of the deal, which was reported last week that Stripe is considering paying $1.1 billion to acquire Bridge, or when the deal might close. The payments company, with headquarters in San Francisco and Dublin, will acquire San Antonio, Texas-based Bridge to simplify the movement of funds across borders, Stripe CEO Patrick Collison said in a post on X. Ta. “The world will benefit from…

Northern Data, Europe’s largest Bitcoin miner, has announced the potential sale of its mining division, Peak Mining, as part of a strategic shift to fully focus on its fast-growing AI solutions business, according to an October 21 press release. He is reportedly considering sex.The potential sale marks a significant departure from the company’s mining roots, as the company aims to reinvest the proceeds into further expanding its AI capabilities.AI pivotThe decision comes as Northern Data’s AI Solutions division continues to see strong growth, with three consecutive quarters of increased revenue, driven by demand for its Generative AI Cloud platform and…

The market capitalization of Tether’s US dollar-backed stablecoin USDT has exceeded $120 billion for the first time. Stablecoins like USDT act as a bridge between fiat currencies and digital assets. Supply often increases before crypto market activity picks up as investors prepare to migrate to other digital assets. A similar situation occurred in August when Tether minted $1.3 billion USDT in five days. After falling to just over $49,500, Bitcoin’s price quickly rebounded by more than 21%, rising to $60,271. October is a historically strong month for Bitcoin, so this increase in USDT supply could help push the market higher.…

Uptober is among us, central banks are starting to lower interest rates, and the US election is almost over. Normally this all signifies the start of altcoin season, but could Avalanche or Litecoin prices regain their previous ATH from 2021? The new cryptocurrency Roll Block is the talk of altcoins, with some analysts predicting its value to increase 100 times after its launch. Although we are only in the seventh stage of the pre-sale, the RBLK token has already risen 250% as investors flock to acquire the token at the cheap pre-sale price. Rollblock’s Parabolic Rise Challenges Avalanche and Litecoin…

As excitement builds around the Dogecoin ETF, many investors are turning their attention to RCO Finance. A rising star in the DeFi trading world. Offering advanced AI-driven trading tools and a seamless and secure platform, RCO Finance is quickly becoming the best trading platform of 2024. It surpasses well-known platforms such as Uniswap and Robinhood in innovation and profitability. As Dogecoin ETF buzz grows, Whales eyes potential price spike Dogecoin price is currently $0.1053, up 2.5% since the beginning of the week. However, trading volume decreased to $745.73 million. This indicates a slowdown in investor activity, which could put downward…

Chainlink announced large-scale AI efforts in partnership with financial institutions such as Franklin Templeton, Swift, and Euroclear. The initiative aims to use AI to aggregate corporate data onto a single blockchain, creating a “golden record.” This blockchain-based record verifies and integrates vast amounts of data in real-time, streamlining processes and improving data accuracy across industries. Chainlink’s Financial AI Experiment In a press release shared with BeInCrypto, Chainlink announced a new AI initiative focused on corporate finance. The company has partnered with leading financial institutions such as Franklin Templeton, Swift and Euroclear to explore how AI and blockchain technology can work…

The price of Bitcoin and other cryptocurrencies rose late last week as investors poured money into digital asset funds, according to full-week data released Monday.These vehicles have seen their highest inflows since July, with a whopping $2.2 billion flowing into them over the past week, according to data from European asset management firm CoinShares.CoinShares said most of the money came from U.S. investors seeking exposure to Bitcoin, with $2.13 billion worth of inflows last week.That’s because investors are increasingly bullish that former President Donald Trump will win next month’s election, according to a report on Monday. The business mogul and…

Northern Data Group is considering selling its cryptocurrency mining business Peak Mining. Proceeds from the potential sale would be spent on developing artificial intelligence and high performance computing (HPC) units. Northern Data’s main shareholder is stablecoin issuer Tether.Sell ​​if market allowsGermany-based Northern Data announced on October 21 that it had “resolved today to begin negotiations with interested parties” regarding the sale of Peak Mining. The parties were not identified and Northern Data warned that the sale was not certain and would depend on the crypto market, among other things.The sale of Peak Mining will leave Northern Data with Taiga cloud…

Open network blockchains have recorded a significant decline in the number of daily active users, according to on-chain data from IntoTheBlock. According to a graph shared by the on-chain metrics and analytics provider on X, the TON network has seen a sharp decline in the number of daily active users in recent weeks. Meanwhile, Toncoin, the native token of the decentralized layer 1 blockchain supported by Telegram, has struggled with upward momentum during this period. TON’s daily active user count decreases According to a report by DappRadar, TON’s daily active users spiked in early September due to increased activity in…

A widely followed crypto analyst is warning against Bitcoin after BTC failed to breakout and fell to the $66,000 range early Monday. In a new video update, cryptocurrency strategist Benjamin Cowen tells his 818,000 YouTube subscribers that Bitcoin is showing similarities to the 2019 correction. “If Bitcoin starts to decline, if we fail to break out of this (resistance near $70,000), if Bitcoin starts to decline, we will start to see more similarities to 2019…of course , when Bitcoin broke out (in 2019), there was already a 75 basis point rate cut and QE (quantitative easing). Now that’s not really…