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This is the public version of the weekly Forbes Crypto Confidential Newsletter. Sign up to get Crypto Confidential here as soon as it’s free in your inbox. Fntech unicorn Stripe is considering acquiring Bridge.getty Stripe wants to enter stablecoins If completed, the Bridge acquisition deal would be the largest in Stripe history for $70 billion. It also comes after the company re-entered the cryptocurrency industry for the first time in several years. The company first accepted cryptocurrency payments in 2014, before suspending it in 2018 due to technical issues and high transaction rates. Stripe just relaunched in October. The startup’s…

As the XRP price shows signs of recovery, a new competitor, RCO Finance (RCOF), has emerged as a potential game changer in the DeFi space. With a projected ROI of an impressive 2,000%, RCOF has the potential to outpace the growth of XRP, making it an attractive investment opportunity for those looking to take advantage of the evolving cryptocurrency landscape. But what factors contribute to this bullish outlook? Learn more below. AI-powered DeFi: Investing made easy with RCO Finance With the rise in XRP price, RCO Finance (RCOF) has emerged as a pioneer in the crypto market and has become…

Dogecoin DOGE/USD is up 28% over the past week, and traders are predicting a bull run if Bitcoin BTC/USD breaks out. What Happened: In a recent podcast update, crypto traders DonAlt and CryptoCred connected the performance of altcoins, particularly Dogecoin, to a potential breakout of Bitcoin. DonAlt continues to hold Dogecoin, targeting a price between $0.50 and $0.80 if Bitcoin experiences significant volatility, compared to XRP’s dramatic rise in 2017. revealed. He also sets a price target for Memecoin between $1.50 and $2.00. Both traders expect Bitcoin to rise between $80,000 and $100,000, even though the market structure has yet…

Stripe, a US-based payment processing company, has acquired Bridge, a fintech startup specializing in facilitating stablecoin payments, for $1.1 billion. The acquisition was confirmed by TechCrunch founder Michael Arrington, but the companies have not yet made an official announcement as of this writing. The acquisition, valued at USD 1.1 billion, is the largest transaction ever recorded within the crypto sector. This exceeds other significant deals such as CoinShares’ $530 million acquisition of Valkyrie Funds and Robinhood’s $200 million acquisition of Bitstamp. Confirmation of the deal comes shortly after Bloomberg reported that Stripe and Bridge were in advanced negotiations. We also…

German crypto and artificial intelligence infrastructure company Northern Data on Monday filed a letter of intent for the sale of its subsidiary Peak Mining. The Germany-based company is looking to further establish itself as Europe’s leading AI service provider with the help of Tether, which issues its own stablecoin. In a press release on October 21, Northern Data Corporation said the company may sell Peak Mining to fully focus on Europe’s largest generative AI cloud platform and other data center portfolios. . The Frankfurt-based company, led by CEO and founder Aroosh Thillainathan, emphasized the need to find suitable buyers for…

(Bloomberg) — Bitcoin rose to nearly $70,000 on Monday, buoyed by a surge in exchange-traded fund flows into the largest digital asset and optimism about the U.S. regulatory outlook.Most Read Articles on BloombergThe cryptocurrency rose 1%, netting gains to trade at $68,252 as of 8:32 a.m. in New York. Smaller tokens such as Ether in second place and Solana in the top 10 coins fluctuated within a narrow range.U.S. Spot Bitcoin ETFs attracted about $2.4 billion in net inflows in the six days ending Oct. 18, according to data compiled by Bloomberg, the latest in the wake of U.S. crypto…

IoT and blockchain market sizeBusiness Research Company recently released a comprehensive report on the global Internet of Things (IoT) and Blockchain market size and trend analysis with forecasts from 2024 to 2033. This latest market research report provides a wealth of valuable insights and data, including global market size, regional share, and competitors’ market share. Additionally, it covers current trends, future opportunities, and important data to succeed in the industry.According to The Business Research Company, the market size of the Internet of Things (IoT) and blockchain has grown rapidly in recent years. It is expected to grow from $866.52 billion…

14:05 ▪ 4 min read ▪ Written by Luc Jose A Bitcoin is on the verge of another incredible rally. Key economic factors and market trends are converging several signals that cryptocurrencies could soon reach all-time highs. Regulatory approval of Bitcoin ETFs, large accumulations of Bitcoin by large investors (“whales”), and potential interest rate cuts by the Federal Reserve form an explosive cocktail that fuels a potential bull market. Economic trends and the impact of Fed decisions One of the main factors behind the new rise in Bitcoin prices is the expectation of interest rate cuts by the Federal Reserve.…

RCO Finance’s ongoing token pre-sales are becoming one of the most talked-about events in cryptocurrencies. It has attracted a lot of attention from investors around the world, especially with the backing from Ethereum and Binance Coin whales. As RCO Finance establishes itself as a top contender in the DeFi space, its presale continues to grow in popularity, increasing demand for RCOF tokens. But what drew these whales to RCOF? Should you follow suit? Whale impact on Ethereum and Binance Coin Whales could play a key role in determining the fate of altcoins. When these investors (mainly Ethereum and Binance Coin)…

Market current situation The cryptocurrency market continues its upward trajectory, with market capitalization increasing by more than 7% in seven days to $2.39 trillion, the highest level since late July. The Crypto Fear and Greed Index is in the 71-73 (greed) range for the sixth day, also replicating its performance in late July. Bitcoin hit a new high in nearly three months, hitting a peak of $69,500 on Monday morning on the back of a surge in inflows into BTC ETFs. Prices are currently evaluating late July highs, and a May-June double top just below $72,000 is likely the bulls’…