Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle
Submitted by Anonymous (not verified) on Fri, 11/01/2024 - 14:20Bridge acquired Triangle for an undisclosed amount.
Bridge acquired Triangle for an undisclosed amount.
The company missed consensus revenue expectations, analysts said.
The completion of the acquisition is subject to regulatory approval in Spain.
The U.S.
Winegar previously served as the company's chief revenue office for a number of years.
The broker initiated coverage of HIVE with an overweight rating and $9 price target.
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target.
The launch of options on spot bitcoin exchange-traded funds will reduce the incentives to hold MicroStrategy stock over BTC ETFs, the report said.<
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
Stablecoins have emerged as the main use-case for blockchains, especially for cross-border payments, the report said.
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