Ink: Kraken’s layer-2 DeFi bridge

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News, Announcements
  • Post author By Paul
  • November 7, 2024

Ink is a layer-2 bridge under development by Kraken with the goal of making decentralized finance (DeFi) more efficient by enhancing transaction speed, lowering costs and improving flexibility, reports Cointelegraph. The Ink Testnet will be launched during DevCon in Bangkok on Nov. 12-15, 2024, and the mainnet is scheduled for release in the first quarter […]

Stripe acquires stablecoin platform Bridge for $1.1bn

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News, Announcements
  • Post author By Paul
  • October 23, 2024

Collison brothers’ payments company Stripe has acquired stablecoin platform Bridge for $1.1 billion, reports The Block, attributing the breaking news to TechCrunch founder and well-known venture capitalist Michael Arrington. The deal marks Stripe’s largest acquisition and is also a record for the crypto industry despite Bridge’s relatively under-the-radar status. It follows reports that the firms […]