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Stripe CEO Patrick Collison confirmed on X that his company has acquired stablecoin infrastructure company Bridge, describing stablecoins as “room temperature superconductors for financial services.” The news follows an earlier tweet from TechCrunch founder Michael Arrington that the deal was valued at $1.1 billion. Bridge provides B2B stablecoin infrastructure so that businesses can support payments using stablecoins. As we mentioned in a more detailed article last week, both companies are global orchestrators, with Stripe in charge of card and bank payments and Bridge in charge of stablecoins. The startup has developed an infrastructure that allows developers to create applications that…

Missing out on your initial investment can be discouraging, especially when an asset like Ethereum (ETH) has skyrocketed from humble beginnings. However, the ever-expanding cryptocurrency market constantly presents new opportunities for those looking for the next breakthrough success. FXGuys ($FXG), Solana (SOL), and Cardano (ADA) have emerged as top altcoin choices for investors who missed out on $100 of Ethereum. Each of these altcoins has unique features and benefits that have the potential for explosive growth. FXGuys, on the other hand, combines the best parts of traditional finance (TradFi) and decentralized finance (DeFi) to create an innovative proprietary finance (PropFi)…

in this storyThe Securities and Exchange Commission (SEC) has approved NYSE American LLC and CBOE to list options on the Spot Bitcoin Exchange Traded Fund (ETF), marking a significant development in the history of cryptocurrencies. The approval paves the way for institutional investors, or “big fish,” to gain greater access to Bitcoin through more traditional financial products.Trump Media may just be a meme stock, strategist saysNYSE American LLC (ICE-0.37%), a subsidiary of the New York Stock Exchange (NYSE) Group, facilitates trading in a variety of financial instruments, including stocks, options, and exchange traded products (ETPs). Meanwhile, CBOE, formerly known as…

OAKLAND, Calif., Oct. 21, 2024 (Globe Newswire) — COGGIE is launching an innovative stablecoin solution designed to address the challenges posed by significant price volatility in the crypto market. announced the increase. As demand for stable assets increases, COGGIE’s new services aim to provide investors with safe and reliable options to preserve value and facilitate trading. A stablecoin is a digital asset that provides the benefits of cryptocurrency while maintaining price stability by pegging its value to fiat currency or other stable assets. By introducing its unique stablecoin solution, COGGIE aims to improve the user experience and enable investors to…

Robinhood Crypto has added support for Solana cryptocurrency transfers for users within the European Union, according to an announcement. The platform announced on October 21 that customers in the EU can now send Solana (SOL) and earn a 1% deposit bonus. Notably, the SOL transfer on Robinhood Crypto comes weeks after the company rolled out crypto transfers for customers in Europe. This feature allows customers to deposit and withdraw over 20 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USDC (USDC). All deposits receive a 1% bonus. This offer is valid until November 30, 2024. Robinhood expands EU footprint Robinhood…

On Friday, Federal Reserve Chairman Christopher J. Waller spoke about whether DeFi will replace or complement centralized finance. He also spoke positively about tokenization and stablecoins, concluding that the two are complementary. These are his personal views and do not necessarily represent the Fed’s position. He pointed out that decentralized finance allows people to trade assets without surrendering control of them to intermediaries. He believes that ceding control of assets is a trademark of centralized finance. At the same time, many traditional financial institutions are also experimenting with DLT and smart contracts. One example is intraday repo trading using tokenization.…

Stocks fell on Monday as investors braced for a week packed with top-tier gains that could fuel or drag record gains.The S&P 500 (^GSPC) fell about 0.3%, closing at a new all-time high and snapping a six-week winning streak. The Dow Jones Industrial Average (^DJI) fell nearly 0.5%, and the tech-heavy Nasdaq Composite Index (^IXIC) fell 0.2%.AI chip giant Nvidia (NVDA) briefly broke an intraday record during the session, while iPhone maker Apple (AAPL) was on track to hit a new high at the close if its modest gains continued.Whether records continue to be updated will have a major impact…

Litecoin founder Charlie Lee expressed his excitement about Canary Capital’s recent application for a Litecoin ETF. This comes amid growing interest from both institutional and retail investors. Additionally, Mr. Lee also expressed confidence that the LTC ETF application will be approved soon as crypto ETF products take the lead. Is Litecoin ETF approval coming soon? According to FOX journalist Eleanor Terret, in a recent statement, Lee highlighted the growing demand for Litecoin, as evidenced by the rise in value of Grayscale’s Litecoin Trust. “Institutional investor interest in Litecoin is very high,” Lee said. Additionally, he highlighted that the price of…

Tether-owned AI computing company Northern Data is considering exiting the Bitcoin mining business, days after announcing it plans to achieve 7.9 exahashes per second (EH/s) this year. It was announced that there was. On October 17, Northern Data announced third quarter financial results and stated in a press release that mining operations are still on track to soon open a new location in Corpus Christi Texas, which is critical to hashrate goals. He said he was on board. However, four days later, the company revealed that it was considering “potential transactions for its mining business,” specifically stating that it was…

In the past 24 hours, Litecoin LTC/USD price decreased by 4.96% to $71.49. This is a reversal of the 8.0% increase experienced over the past week, rising from $66.66 to the current price. The chart below compares Litecoin’s price change and volatility over the past 24 hours (left) to its price change over the past week (right). The gray bands are Bollinger Bands, which measure the volatility of both daily and weekly price movements. The wider the band, or the greater the gray area at any given moment, the greater the volatility. The coin’s trading volume increased by 24.0% over…