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news-imageOctober 24, 2024

Kraken Set to Launch Its Own Blockchain ‘Ink' in 2025

Being an industry giant for the past 14 years, Kraken, one of the oldest centralized cryptocurrency exchanges, is planning to explore areas of blockchain technology similar to Coinbase and Binance. On October 24, 2024, Kraken published a report announcing that it will launch its own blockchain, “Ink” for both retail and institutional users.
Publisher: CoinPedia
Sentiment: Positive
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Positive
cover-imageCrypto Briefing
October 24, 2024

Kraken to list GIGA meme coin next week

Kraken to list GIGA meme coin as its market cap hits $600 million, part of a booming $75 billion meme coin market. The post Kraken to list GIGA meme coin next week appeared first on Crypto Briefing.

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Positive
cover-imageBeInCrypto
October 24, 2024

How CrossFi Is Bridging Crypto and Fiat to Create a Seamless Payment Future

CrossFi, a blockchain solutions company, has launched its EVM-compatible mainnet with a bold mission: to reshape the future of global crypto payments. While the blockchain sector has seen unprecedented growth, CrossFi aims to solve one of its biggest challenges — bridging the gap between digital currencies and traditional financial systems.

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Negative
cover-imageCointribune
October 24, 2024

FUD Hits Hard : These 4 Altcoins Take a Massive Hit

As the crypto market goes through a tumultuous period, investor confidence is being severely tested. A report from Santiment highlights a daunting rise of FUD (Fear, Uncertainty, and Doubt) surrounding several major altcoins.

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Positive
cover-imageBenzinga
October 24, 2024

Robinhood's Crypto Strategy Hits 'Sweet Spot' For Dominating Future Investment Landscape: Bernstein

Robinhood (NASDAQ:HOOD) is on track to become the leading cryptocurrency investment platform in the future, according to a new Bernstein report. What Happened: In its “Crypto Investing Guide” for October, Bernstein analysts highlight Robinhood's competitive advantage in the cryptocurrency sector, thanks to its diverse offering of 15 crypto tokens, representing 70% of the market cap.

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Negative
cover-imageThe Daily Hodl
October 24, 2024

Social Media Influencer Charged With Running $22,000,000 Crypto Fraud: Report

A popular social media influencer known for showcasing her luxurious lifestyle on Instagram and other platforms is facing criminal charges for allegedly committing large-scale crypto fraud. Russia's news agency TASS reports that Valeria Fedyakina, also known as Bitmama, is accused of defrauding four people who sustained over $23 million worth of damages.

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Positive
cover-imageBitcoin
October 24, 2024

Kraken Set to Dive Into Blockchain Waters With Its Own Chain, ‘Ink'

Kraken is setting its sights on launching its own blockchain next year, much like Coinbase's Base chain, according to a report from Bloomberg's Olga Kharif. The new network, which is focused on decentralized finance (defi), is expected to release a testnet later this year.

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Positive
cover-imageInvezz
October 24, 2024

Crypto exchange Kraken plans to launch its own blockchain network in 2025

Kraken, one of the world's leading cryptocurrency exchanges, has announced its plans to launch its own blockchain network, dubbed “Ink,” by early 2025. The San Francisco-based company is positioning this new initiative as a solution to make decentralized finance (DeFi) more accessible to both retail and institutional users.

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Positive
cover-imageCryptopolitan
October 24, 2024

ZachXBT: The masked detective unmasking crypto criminals

ZachXBT doesn't operate in the shadows; he is the shadow. The self-taught, anonymous crypto investigator has spent the last three years tracking down scammers, hackers, and criminals in the industry.

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Negative
cover-imageTheNewsCrypto
October 24, 2024

Italy Raises Crypto Tax to 42% in 2025 Budget Law

Italy has raised the capital gains tax on cryptocurrencies from 26% to 42%, effective January 1, 2025. The Italian government expects to generate €68 million (around $73M) from the increased tax to boost revenue.

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Positive
cover-imageCrypto Economy
October 24, 2024

Kraken to Launch its Own Blockchain in 2025: ‘Ink'

TL;DR Kraken will launch its own blockchain called Ink in early 2025, focused on DeFi applications for trading, lending, and yield without intermediaries. Ink will allow users to interact between centralized and decentralized ecosystems, simplifying access to financial tools and improving profitability.

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Positive
cover-imageBenzinga
October 24, 2024

Kraken To Launch DeFi-Focused 'Ink' Blockchain In Early 2025

Kraken, one of the leading centralized cryptocurrency exchanges, is set to launch its own blockchain, “Ink,” in early 2025. What Happened: This new blockchain will focus on decentralized finance (DeFi) applications, aiming to offer users a streamlined platform for trading, borrowing, and lending tokens without relying on intermediaries, Bloomberg reported.

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Neutral
cover-imageCoingape
October 24, 2024

Binance CEO Breaks Silence On Tigran Gambaryan's Release

Binance CEO Richard Teng has spoken out following the release of Tigran Gambaryan, a high-ranking executive at the cryptocurrency exchange. Gambaryan, who was detained in Nigeria for nearly eight months, faced charges of money laundering and tax evasion.

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Positive
cover-imageCrypto Economy
October 24, 2024

Base Announces Upcoming Mainnet Launch of Fault Proofs for Enhanced Security and Decentralization

TL;DR Base will implement fault proofs on the mainnet on October 30, strengthening decentralization and security. Users will be able to challenge invalid withdrawals without relying on intermediaries, eliminating the need for a trusted third party. The update will replace the “L2OutputOracle” contract with “DisputeGameFactory,” improving security in transactions.

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Negative
cover-imageCryptoGlobe
October 24, 2024

Consensys Urges Clear Crypto Regulations in Open Letter to Future U.S. President

On October 23, Consensys, a leading company in the blockchain and Web3 industry, made a strong appeal for clearer digital asset regulations in the United States. This comes amid its ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC), which Consensys accuses of regulatory overreach that hampers innovation.

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Negative
cover-imageCoinPedia
October 24, 2024

Crypto Alert: $13 Million of Investor Funds Frozen in South Korea!

In South Korea, over 33,000 crypto investors are locked out of approximately $13 million in assets due to the shutdown of several exchanges, as reported on October 14. Fourteen exchanges have closed or paused operations in line with new regulations under the Virtual Asset User Protection Act.

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Neutral
cover-imageBitcoinist
October 24, 2024

Will Norway Go Digital? Central Bank To Decide On CBDC Next Year

Next year, Norges Bank, Norway's Central Bank, is going to make a major decision regarding the potential of establishing its own CBDC, or central bank digital currency. According to Deputy Governor Pal Longva, the central bank was moving toward finalizing the recommendation, though it did not feel like the work had to be fast-tracked immediately.

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Positive
cover-imageUToday
October 24, 2024

Major US Exchange Kraken to Launch Own Blockchain

Kraken, one of the most prominent cryptocurrency trading platforms, is on track to launch its own blockchain dubbed "Ink," according to a Thursday report by Bloomberg.

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Negative
cover-imageCoinPedia
October 24, 2024

FTX Court Hearing: Nishad Singh's Sentencing Set for October 30

In a recent court filing, prosecutors have praised Nishad Singh, a former FTX executive, for his important help in the investigation of the cryptocurrency exchange's collapse. They noted his genuine remorse and willingness to cooperate with authorities.

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