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Fintech giant Stripe is in talks to acquire cryptocurrency startup Bridge for $1 billion, according to a source familiar with the discussions. The potential acquisition would be Stripe’s largest to date, recently valued at $70 billion. However, the deal is still under discussion and is subject to regulatory considerations and employee compensation. Bridge, which provides infrastructure for crypto stablecoins, has raised $58 million in funding to date and has a strong customer base that includes government departments and companies such as SpaceX and Coinbase. The startup offers software that allows businesses to accept cross-border payments via stablecoins. According to Forbes,…
Dogecoin’s open interest is rising, indicating new buying is occurring. DOGE’s long/short ratio is above 1, suggesting that more traders are expecting the price to rise. Santiment’s daily trading volume indicator has spiked, indicating increased usage and activity on DOGE’s blockchain. Dogecoin (DOGE) extended its gains on Friday after rising more than 16% since Monday. DOGE’s on-chain metrics further support this rise. Open interest is rising, the long-to-short ratio is above 1, and the spike in daily trading volume all points to a continued rally. DOGE on-chain indicators show positive bias Coinglass data shows that Dogecoin futures open interest (OI)…
Cryptocurrency prices today, October 18: Broad markets once again showed mixed movement on Friday, sparking investor speculation around the world. Today, Bitcoin (BTC) prices briefly reached the $68,000 level, while Ethereum (ETH), Solana (SOL), and XRP prices encountered market volatility. Additionally, POPCAT & MEW emerged as the top market gainer on the day, surging around 11%. At the same time, the global cryptocurrency market capitalization increased by 0.21% to $2.33 trillion. However, overall market volume plunged more than 6% from the previous day to $75.89 billion. Here we present a brief report on some major coins by market capitalization and…
Vitalik Buterin, co-founder of the Ethereum network, outlined some of the most important goals for the future development of blockchain. These goals are aligned to improve the second phase of Ethereum’s development roadmap, The Surge, which aims to scale the network using rollups. According to the blog post, Buterin’s solution fixes the blockchain trilemma, advances data availability sampling, provides a mature Layer 2 (L2) proof system, scales the execution of the Ethereum Layer 1 (L1) network, and It aims to enhance interoperability between chains. Rollup-centered roadmap The Surge roadmap has already witnessed several successes, including increasing Ethereum L1 data bandwidth…
Blockchain technology company HUMBL has successfully obtained a patent for a blockchain-based currency trading system from the United States Patent and Trademark Office (USPTO). The patent, which was officially granted on October 15th, covers the company’s innovative “blockchain-based currency transfer system and method.” This approval represents a significant step forward for HUMBL, which has been developing the system for several years. While HUMBL is not the first company to receive a patent in the blockchain space, the lengthy approval process highlights the regulatory challenges that small and medium-sized businesses in the blockchain and crypto space continue to face. This patent…
HodlX Guest Post Submit your post Stablecoins are already becoming mainstream digital tools used on a daily basis. Nowadays, it is used by both businesses and ordinary users to make payments. In Singapore, for example, stablecoin payments reached $1 billion a few weeks ago, proving once again that stablecoins are becoming an important solution for enterprises. E-commerce is no exception. This is not surprising, as stablecoins offer enormous benefits compared to traditional fiat payments and volatile cryptocurrencies. So when you think of streamlined payment methods for businesses, stablecoins come to mind. But how exactly can these be used in the…
Tether (USDT) is quickly becoming the most popular jeton on the TON blockchain. In the past 30 days alone, there have been 4,542,418 USDT transactions on the network, demonstrating its growing adoption.About a month ago, USDT trades on TON exceeded $300 million, further highlighting its growing influence within the ecosystem.USDT on $t gaining popularity“USDT became the most popular Jetton in the past 30 days, with 4,542,418 transactions during this period.Furthermore, about a month ago, USDT trades ＃ton It exceeded $300 million. ” – by @JA_MaartunLink 👇… pic.twitter.com/EjvRZnHYIz— CryptoQuant.com (@cryptoquant_com) October 16, 2024Meanwhile, Bitcoin and Tether futures markets are showing signs…
Adoption of stablecoins by US-based consumers will slow in 2024 despite increased activity in Bitcoin, which gained popularity following the launch of the Spot Bitcoin Exchange Traded Fund facing. The chart below shows that trading through US-regulated platforms has declined in just under a year. This can be attributed to the increasing challenges surrounding the domestic regulation and adoption of US-based stablecoins. This shows the growing adoption of emerging market stablecoins based outside the US. As the use of stablecoins increases globally, these types of digital assets are being used to transport value and conduct cheap transactions in every corner…
(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of the country’s central bank’s additional share buyback program.Most Read Articles on BloombergStocks in China and Hong Kong continued to rise after the People’s Bank of China said it had set up a refinancing mechanism for an initial line of 300 billion yuan ($42.1 billion) of bank loans to be used for share buybacks. Earlier, the data also showed the country’s latest gross domestic product, industrial production and retail sales came in better than expected.Asian stock indexes are on a daily upward trajectory for the first…
XRP traded above $0.55 on Thursday, up nearly 1%. Market participants are digesting the confusion caused by the passing of the SEC v. Ripple appeal deadline. An SEC spokesperson confirmed that the appeal will proceed as usual and documents containing legal arguments will be released soon. Ripple (XRP) rose on Thursday as traders digested the uncertainty of a Securities and Exchange Commission (SEC) appeal in the case. A spokesperson for the US-based financial regulator confirmed that the process had been completed and relevant documents would be released soon. XRP is trading at $0.5507 at the time of writing on Thursday.…