El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’

October 24, 2024 Bitcoin.com

bitcoin.com

Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due to devaluation, stablecoin remittances have soared, demonstrating that these are a viable alternative when […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Payments Giant Stripe Acquires Stablecoin Firm Bridge for $1,100,000,000, According to TechCrunch Founder

October 22, 2024 The Daily Hodl

Payments Giant Stripe Acquires Stablecoin Firm Bridge for ,100,000,000, According to TechCrunch Founder

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TechCrunch founder Michael Arrington says payments giant Stripe has completed the acquisition of stablecoin startup Bridge. In an X post referencing a report about Stripe’s discussions to acquire Bridge, the tech publication executive says the $1.1 billion purchase of Bridge is a done deal. A Bloomberg report last week indicated that Stripe had been in […]

The post Payments Giant Stripe Acquires Stablecoin Firm Bridge for $1,100,000,000, According to TechCrunch Founder appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Stripe Acquires Stablecoin Platform Bridge in Record $1.1 Billion Crypto Deal

October 20, 2024 Bitcoin.com

Stripe Acquires Stablecoin Platform Bridge in Record .1 Billion Crypto Deal

bitcoin.com

Payments company Stripe has acquired stablecoin platform Bridge in a $1.1 billion transaction, marking the largest acquisition in the crypto industry to date. Techcrunch founder Michael Arrington confirmed the news through a post on X, emphasizing the significance of this milestone deal. The acquisition of Bridge reflects Stripe’s growing commitment to cryptocurrency. Bridge offers software […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

From $3.6T to $1.2T: The Surprising Decline in Stablecoin Transfer Volume Unveiled

October 20, 2024 Bitcoin.com

From .6T to .2T: The Surprising Decline in Stablecoin Transfer Volume Unveiled

Altcoins

Since October kicked off, the stablecoin market has experienced a modest boost, though overall growth has remained quite slow. Currently, the sector is valued at $172.7 billion, with 48.9% of stablecoins residing on Ethereum and 34.92% circulating on Tron. Although the stablecoin landscape has expanded considerably since the start of the year, transfer volumes have […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No

October 19, 2024 Bitcoin.com

bitcoin.com

A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise. While decentralized systems aim to bypass traditional structures, he argues that trust in intermediaries still resurfaces. Could crypto ever be fully decentralized, or will it mirror traditional finance? The potential regulatory challenges and the role […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Stablecoins can benefit financial system, Fed governor says

October 18, 2024 Coin Telegraph

Coin Telegraph

The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.

On Oct. 18, Federal Reserve Bank Governor Christopher Waller told an audience at the Institute of Advanced Studies that well-regulated stablecoins could benefit the current financial system.

“Stablecoins can reduce the need for payment intermediaries and thereby reduce costs of payments globally,” Waller stated, but immediately qualified his remarks by saying that stablecoin “Safety is not assured.” The Fed official explained:

Waller also noted that decentralized finance can achieve a symbiotic relationship with traditional finance instead of supplanting it altogether. This viewpoint was previously pitched by some US lawmakers, who argue that decentralized finance and dollar-denominated stablecoins can extend dollar dominance by decades.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Tokenization and Stablecoins Close to Being Regulated in This Latam Giant

October 18, 2024 Bitcoin.com

bitcoin.com

The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for approving VASPs’ operations in the country. Central Bank of Brazil to Expedite Asset Tokenization […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

JPMorgan: We Are Bullish on Digital Assets Into 2025

October 18, 2024 Bitcoin.com

Bitcoin

Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge in digital assets. With major liquidations behind and institutional support increasing, JPMorgan sees strong momentum for […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Stripe in talks to acquire stablecoin platform Bridge — report

October 18, 2024 Coin Telegraph

Bridge

Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.

Stripe, a payments processing company, is reportedly in talks to acquire stablecoin platform Bridge, according to unnamed sources familiar with the deal.

According to Bloomberg, the deal has not yet been finalized, and either party could still walk away without inking an agreement.

The potential acquisition by Stripe comes amid the payment company's planned re-entry into the digital asset sector after a six-year break from providing crypto payment services.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Equivalent of Entire US Population Has Now Received Tether’s USDT On-Chain in New Milestone for Firm

October 16, 2024 The Daily Hodl

Altcoins

New data from Tether reveals that the number of people who have adopted the firm’s USDT is now equivalent to the entire population of the United States. In a new blog post, Tether says the largest dollar-pegged digital asset by market cap now has over 330 million users, not including those that solely use it […]

The post Equivalent of Entire US Population Has Now Received Tether’s USDT On-Chain in New Milestone for Firm appeared first on The Daily Hodl.

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