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(Bloomberg) – Stripe, the payments company founded by billionaire brothers Patrick and John Collison, is in talks to acquire venture-backed fintech platform Bridge. Stripe is in talks to buy the San Antonio, Texas-based company, according to people familiar with the negotiations who asked not to be identified discussing private information. A final decision has not yet been made and either party could still withdraw from the agreement, the people said. Representatives for Stripe declined to comment. Bridge CEO Zack Abrams did not respond to multiple emails seeking comment. Bridge’s platform is designed to allow enterprises to create, store, send, and…

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Robinhood is expanding its reach into futures markets, adding Bitcoin and Ethereum in addition to oil and the S&P 500 index as part of a broader strategy to attract experienced traders. A Robinhood spokesperson told Decrypt on Wednesday that futures trading through the company’s trading app is expected to launch “in the coming months.”The offering includes Bitcoin contracts, MicroBitcoin futures, Bitcoin Friday futures, Ethereum futures, and MicroEthereum futures, according to a spokesperson.Micro futures are small contracts designed to make futures trading more accessible to retail and small-scale investors.The announcement was made at Robinhood’s first-ever customer conference, HOOD Summit, where the…

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Once a prime candidate for the memecoin phenomenon, Dogecoin’s price is still struggling to break through the $0.10 barrier, leaving many investors with no choice but to look for new opportunities. One such opportunity is the ETFSwap (ETFS) DeFi token, which is a better bet than meme coins with a promise of 25,000x returns. ETFSwap (ETFS): Tokenized ETFs and high return potential As a DeFi platform built on the Ethereum network, ETFSwap (ETFS) is changing the way investors interact with cryptocurrencies. This gives you the opportunity to diversify your portfolio across different asset classes through tokenized exchange-traded funds (ETFs). These…

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As October begins, the crypto market is buzzing with speculation over the price of Dogecoin, WallitIQ (WLTQ), and XRP, all of which are vying to reach the elusive $1 milestone. With each token showing promising momentum, investors will be keenly watching over the next 14 days to see which token will break through first. WallitIQ (WLTQ): A strong candidate to reach $1 in just 14 days WallitIQ (WLTQ) is a decentralized crypto wallet that uses cutting-edge machine learning algorithms and artificial intelligence (AI) to shake up the crypto market in October. With WallitIQ (WLTQ) now available on CoinMarketCap, top analysts…

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Small-cap benchmark ends at highest since 2021The Russell 2000 outperformed on Wednesday, hitting its highest closing level in nearly three years.The small-cap benchmark rose 1.64%, marking its fourth consecutive winning session and its highest close since November 2021.These small businesses are expected to perform well as the Federal Reserve lowers interest rates. These cyclical companies tend to rely on financing, and lower interest rates would reduce borrowing costs.Stock chart iconStock chart iconRussell 2000 for the past 5 business days”Recently improved growth prospects, supported by better labor market conditions than concerns, and increased expectations for Fed interest rate cuts have pushed…

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iStock;Rebecca Zisser/BIAccording to Bank of America, a contrarian sell signal has recently flashed in the stock market.BofA said its cash allocation below 4% suggests active investment in the stock market.Investors are increasingly optimistic about economic growth, but are concerned about geopolitical conflicts and inflation.The stock market flashed a sell signal for the first time since February 2021, according to a note from Bank of America.Cash allocation fell to 3.9% from 4.2%, the lowest level since February 2021, according to the bank’s fund manager survey.The bank said a drop below the 4% level of cash allocation would be a sell signal.…

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The European Securities and Markets Authority (ESMA) has called on EU lawmakers to tighten cryptocurrency regulations by requiring external cybersecurity audits for companies in the sector, the Financial Times reported on October 16. Ta.The advisory comes as the cryptocurrency industry faces an alarming increase in cyber-attacks, putting consumer protection at risk. This is part of the proposed amendments to the future regulatory regime.Mandatory auditIn its draft amendments to the Cryptocurrency Market Regulation (MiCA), which are expected to come into full force in December 2024, ESMA is advocating for stronger measures to protect crypto platforms.The centerpiece of the proposal is to…

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Juan Takuri was sentenced to up to 240 months in prison for his role in the four-count Ponzi scheme. According to court documents, Mr. Takuri was a senior promoter of a four-count Ponzi scheme that defrauded thousands of investors, primarily in Spanish-speaking communities. The U.S. District Court for the Southern District of New York, led by Judge Annalisa Torres, handed down the maximum sentence for his role in the cryptocurrency-based fraud case. Takuli, 46, was ordered to pay more than $3.6 million in restitution and forfeit the Florida home he bought with the stolen funds. Cryptocurrency scam details Forcount, later…

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The cryptocurrency project that Donald Trump announced last month officially launched on Tuesday, but sales of the WLFI token fell far short of expectations. CNBC reported that World Liberty Financial expects to raise about $300 million in the initial sale. But by Wednesday afternoon, only about 821 million of the 20 billion tokens had been sold at 0.015 cents each, raising about $12 million for the venture. On the eve of launch, project co-founder Zachary Folkman said, “Well over 100,000 people have been whitelisted to invest in this venture.” Less than 10% of them did so, according to blockchain data.…

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Top US-listed Bitcoin miners have increased their ownership of the global network hashrate, pushing its share to new heights this year, according to a new report. About 14 publicly traded U.S. Bitcoin miners control 28.9% of the network, analysts at investment banking giant JPMorgan said in an investor note Wednesday.Hash rate refers to the amount of computing power used to mint new coins and keep the Bitcoin network secure. This comes after major U.S. crypto mining stocks “rose in the first two weeks of October,” with these companies receiving more than normal returns compared to their potential rewards in Bitcoin.…

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