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Payments company Stripe is acquiring stablecoin platform Bridge, with the two companies saying they will “accelerate the adoption and use of tokenized dollars.” The deal is subject to regulatory approval and is expected to close in the coming months, Bridge said in a blog post on Monday. TechCrunch founder Michael Arrington reported that the deal was valued at $1.1 billion. A Stripe spokeswoman declined to comment on the terms of the deal, and Bridge did not immediately respond to a request for further details. Read more: Stripe reintegrates crypto payments in the US Stripe CEO Patrick Collison said in an…

Tether’s USDT achieved a historic market capitalization of $120 billion on October 20, 2024. The crypto community has speculated that a rise in USDT could trigger a traditional “up-to-bar” rally in Bitcoin. Analysts stress that Bitcoin needs to close above $68,700 to confirm a potential breakout. Tether’s USDT, the world’s largest stablecoin, reached an unprecedented market capitalization of $120 billion on October 20, 2024, according to data on Tether’s website. This significant increase sparked speculation in the crypto community about the possibility of an “up-to-bar” rally, a term used to describe Bitcoin’s historical trend toward price increases in October. Source:…

Britain wants to plug a $22 billion hole in its finances. One way to do that is to raise capital gains taxes. But the crypto industry warns it could lead to a brain drainA version of this article appeared in The Guide newsletter on October 21st. Sign up here.Rachel Reeves is in a predicament.The tech industry has warned that using capital gains tax to fill a £22bn “black hole” in the country’s finances would put British businesses at risk. There is.Crypto industry insiders have warned that rising prices risk triggering a mass exodus of innovative companies.Nick Cowan, CEO of VLRM…

Kenvue Inc.’s KVUE stock is rising on Monday following reports suggesting activist investor Starboard Value has acquired a stake in the company. Details: Starboard has acquired a “significant” stake in Kenview and is pushing changes to boost the consumer products company’s stock price, according to the Wall Street Journal. The activist investor argues that even though Kenvue has “some of the best consumer brands,” the company’s stock has lagged its competitors for more than a year. Kenvue’s iconic brands include Aveeno, BAND-AID Brand, Johnson’s, Listerine, Neutrogena and Tylenol. Kenview stock is up just 7% since the beginning of the year,…

Rollblock (RBLK) is making some big moves with over $4.6 million poured into its popular pre-sale launch so far. This DeFi casino startup has confounded cryptocurrency gaming experts thanks to its vast utility and deflationary supply schedule. All bets are secured using the persistent Ethereum chain to ensure complete transparency, and there is no need to provide cumbersome KYC documentation when creating an account. Naturally, everything on Rollblock is completely anonymous.Gamers can simply connect their compatible crypto wallet and start exploring casinos exclusively on the platform. Over 7,000 Rollblock games are powered by the latest AI technology, including live game…

Litecoin founder Charlie Lee recently spoke about his enthusiasm for the ETF application, particularly regarding the growing institutional interest in Litecoin and the likelihood of approval. He also pointed to the importance of demand, reflected in the daily growth of more than 2% for the Grayscale Litecoin Trust, which currently trades at more than double NAV. He also compared Litecoin’s peer-to-peer trading similarities to Bitcoin and said it is very likely that a Litecoin ETF will be approved in the near future. Litecoin founder Charlie Lee says ETF approval is coming soon Litecoin founder Charlie Lee recently expressed his delight…

In a significant effort to address the challenge of volatility in the crypto market, COGGIE announced the launch of an innovative stablecoin solution. These new services are designed to provide investors with safe and reliable options to preserve value and facilitate transactions in a rapidly evolving digital asset environment. Stablecoins, which are digital assets pegged to fiat currencies or other stable assets, are gaining increasing importance in the cryptocurrency ecosystem. These offer the benefits of cryptocurrencies while maintaining price stability, an important factor for many investors and users. The introduction of a unique stablecoin solution by COGGIE aims to improve…

Northern Data Group announced on Monday that it is considering selling its Bitcoin mining business, Peak Mining, as it plans to strengthen its AI products. Northern Data, an AI and high-performance computing (HPC) solutions company majority-owned by stablecoin giant Tether, is considering selling Peak Mining “to focus on accelerating its AI solutions business,” the company said in a statement on Monday. announced.The sale will allow Northern Data to build a portfolio of generative AI cloud platforms and data centers, making it a “pure AI solutions business,” the company said.“Our goal is to provide a seamless AI ecosystem that gives our…

Crypto analyst Murad Mahmudov argues that memecoins represent a new digital asset paradigm, driven by community beliefs rather than utility or technology. What Happened: In an interview on the podcast “The Block Crunch,” Makhmudov called memecoins “vessels of tokenized faith,” saying that memecoins are becoming increasingly popular, especially among younger generations facing economic hardship. He said that they are absorbing society’s dissatisfaction. Mahmudov compared Bitcoin BTC/USD to successful meme coins, noting that both have developed “hardcore communities” and “cult-like” followings. He tweeted a list of meme coins that he believes will see significant growth, including SPX6900 SPX/USD, Dogwifhat WIF/USD, Giga…

Important points The XRP Ledger saw a surge in active wallets, reaching 35,799 in one day, the highest in three months. Ripple could follow Amazon’s IPO path, opening the door to significant expansion. Ripple’s recent legal victory could pave the way for it to go public. Ripple’s XRP ledger has recently seen a significant increase in active wallets, with the number of unique wallets transferring money in a single day reaching 35,799, the highest number in over three months. On the same day, 3,858 new wallets were created, a number that had not been reached for more than seven months.…