News

Daily News Summary 21/10

Stripe Acquires Bridge

The payment service provider Stripe has acquired the stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the history of the crypto industry. With this acquisition, Stripe expands its crypto payment capabilities, as Bridge provides the infrastructure for businesses to accept payments in stablecoins.

Transak Falls Victim to Phishing Attack

The U.S.-based fiat-to-crypto payment provider Transak announced in a post that it had been targeted by a phishing attack. The data breach affected 1.14% of its users. The company collaborates with platforms such as MetaMask, Trust Wallet, Coinbase, Ledger, and other blockchain platforms.

MetaMask and Space ID Integration

MetaMask is integrating with the digital identity platform Space ID to simplify asset transfers and wallet access for users. This integration will allow users to replace all their public wallet addresses with a single, secure, and customizable name when making transactions in MetaMask.

Legal & General Asset Manager Considers Tokenization

The British asset manager Legal & General, specializing in insurance, pensions, and asset management, is actively exploring how to tokenize its funds using blockchain technology. With £1.14 trillion ($1.5 trillion) in assets under management, the company’s investment arm, one of the largest in the world, aims to follow in the footsteps of global giants like BlackRock and Franklin Templeton. This move aligns with a report from the Bank for International Settlements (BIS), which highlights the benefits of tokenization, including lower transaction costs and faster processing times.
Related categories