1 / 2 Relevant items tagged with #Bridge

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Cardano founder predicts Bitcoin DeFi will dominate crypto within 3 years

[Nov 29 1:45 AM] Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months, predicted Charles Hoskinson.

Cardano-Bitcoin bridge may be first step to true Bitcoin DeFi

[Nov 18 2:00 PM] The new bridge lets users withdraw Bitcoin even if most Cardano nodes become malicious.

Arca, Blocktower to merge into unified crypto platform

[Nov 13 9:45 PM] BlockTower’s venture capital arm, BlockTower Venture Capital, will continue to operate independantly.

Coinbase acquires on-chain payments platform Utopia

[Nov 13 8:19 PM] The Utopia Labs team will join the Base network to accelerate Coinbase Wallet's on-chain payments buildout.

Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle

[Nov 1 12:00 PM] Bridge acquired Triangle for an undisclosed amount.

Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report

[Oct 29 1:04 AM] Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. 

Wintermute to take Ethena’s USDe as trading margin

[Oct 25 5:15 PM] Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. 

Aggregation Is the Only Way to Unify Web3

[Oct 25 3:20 PM] Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It's time to tear down the walls.

Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein

[Oct 22 10:22 AM] Stablecoins have emerged as the main use-case for blockchains, especially for cross-border payments, the report said.

TechCrunch founder says Stripe has acquired Bridge for $1.1B

[Oct 21 3:33 AM] The deal would mark one of crypto’s largest acquisitions, though neither company has publicly confirmed the deal. 

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

[Oct 20 9:38 PM] 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…

Stripe Doubles Down on Stablecoin Market, Reportedly in Advanced Talks to Acquire Bridge for $1 Billion

[Oct 18 4:30 PM] Payments giant Stripe is in advanced discussions to acquire the San Antonio-based stablecoin platform Bridge for $1 billion, according to reports by Bloomberg and Forbes. Founded by former Coinbase employees Zach Abrams and Sean Yu, Bridge…

Stripe in talks to acquire stablecoin platform Bridge — report

[Oct 17 8:33 PM] Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

[Aug 30 10:53 AM] Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.

Former Square, Coinbase execs raise $58M for Bridge stablecoin network

[Aug 30 9:21 AM] Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.

Ronin Bridge Paused, Restarted After $12M Drained in Whitehat Hack

[Aug 6 11:24 AM] “The bridge currently secures over $850M which is safe,” co-founder @Psycheout86 said in an X post.

Defi Protocol LI.FI Struck by $8M Exploit

[Jul 16 7:30 AM] Decentralized finance (DeFi) platform LI.FI protocol has been hit by an exploit worth around $8 million following a series of suspicious withdrawals, on-chain data shows.

Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

[Jun 21 7:00 AM] Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.

Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

[May 23 10:00 AM] Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.

How to bridge to zkSync

[May 15 8:21 AM] Uncover the step-by-step process of moving cryptocurrency to and from zkSync, ensuring smooth and effortless transactions.

Alex bridge on BNB Smart Chain drained of $4.3M after suspicious upgrade — CertiK

[May 14 2:25 PM] The deployer account changed an Alex contract’s implementation address, and multiple tokens were subsequently drained from its bridge.

Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking

[May 2 2:17 PM] The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the…

Vitalik Buterin Among Several High-Profile Names With Over $1 Million Locked in Bridges

[Apr 23 3:27 AM] Vitalik Buterin, co-founder of Ethereum, reportedly has over $1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with significant funds locked on various bridge…

Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration

[Apr 18 5:00 AM] The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.

OG Bitcoin L2 Stacks Is Getting a Major Overhaul

[Apr 16 7:34 AM] The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.

Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App 'Transporter'

[Apr 11 10:00 AM] The bridge leverages Chainlink's CCIP tech, and allows users to transfer crypto assets across multiple blockchains, starting with Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX.

Socket, Bungee Restart Operations After Apparent $3.3M Exploit

[Jan 17 1:20 AM] The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.

Orbit Chain Loses $81M in Cross-Chain Bridge Exploit

[Jan 2 6:39 AM] Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform's cross-chain bridge.

The Death of Compromise, and a Way Forward for Crypto

[Oct 18, 2023 9:45 AM] Kim Greenberg of CoinDesk Indices finds a lesson for crypto in LEGO.

Bitcoin needs Ethereum VM to reach its full potential — Web3 exec

[Oct 10, 2023 5:13 PM] Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.