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Coinbase’s newly launched wrapped Bitcoin token, cbBTC, has emerged as the dominant force in the wrapped BTC market. Data from Intotheblock showed that the token now accounts for a whopping 49% of the total wrapped Bitcoin volume, outperforming all other competitors. This remarkable achievement was accomplished in just two weeks. cbBTC’s meteoric rise is attributed […]
Coinbase's cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
Coinbase's launch of cbBTC could significantly enhance Bitcoin's integration into DeFi, fostering a more interconnected and efficient financial ecosystem.
The post Coinbase debuts wrapped Bitcoin token on Ethereum and Base appeared first on Crypto Briefing.
In a bold move to protect the future of Wrapped Bitcoin (WBTC), the decentralized finance (DeFi) protocol Threshold is proposing a strategic integration with its own BTC “wrapper” token, tBTC. The initiative aims to address the increasing concerns about the governance transitions of WBTC, which may lead to its instability and insecurity. Threshold’s governance proposal […]
The proposal would effectively transfer control of WBTC to Threshold.
The attacker who pulled off a $68 million address poisoning scam has posted two messages agreeing to negotiate with the victim.
Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “Are we mistaken, or has someone truly lost $68 million worth of WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 WBTC.” Meir […]
The post Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet appeared first on CryptoSlate.
DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTCs potential for collateral, yield farming and more.
Blockchain data shows that nearly 23,000 ETH was transferred into the victims account after negotiations opened on May 10.
The crypto scammer who stole 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million, has begun returning the funds, according to on-chain data. Blockchain security firm Peckshield reported that the attacker had returned 50% of the stolen funds approximately 11,446.87 ETH worth $34.7 millionto the victim’s address as of press time. 10% bounty This refund comes […]
The post Crypto scammer returns $34.7 million in stolen assets after victim offers bounty appeared first on CryptoSlate.
The cryptocurrency market cap saw net outflows of around $20 billion over the last 24 hours and currently stands at $1.17 trillion — down 1.55% from $1.19 trillion.
The post CryptoSlate wMarket Update: Mixed market performance sees Bitcoin drop below $28,000 appeared first on CryptoSlate.
The cryptocurrency market saw net inflows of $6.3 billion and currently stands at $1.17 trillion — up 0.5% from $1.16 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.2% and 0.3% to $541.27 billion and $229.37 billion, respectively. Over the last 24 hours, the top 10 cryptocurrencies posted […]
The post XRP leads flat market with 5% gains: CryptoSlate wMarket Update appeared first on CryptoSlate.
The cryptocurrency market cap saw net inflows of around $4 billion over the last 24 hours and currently stands at $1.19 trillion — up 0.12%.
The post CryptoSlate wMarket Update: Bitcoin $29,000 rally short-lived as top 10 assets plunge appeared first on CryptoSlate.
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward.Source: CoinDesk
The post Native Token Transfers Are the Next Evolution of Interoperability appeared first on Crypto Breaking News.
Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. [...]
The post BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy appeared first on Crypto Breaking News.
Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July. A 12-Month Decline of 86,000 WBTC in Circulation The Wrapped Bitcoin [...]
The post Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year appeared first on Crypto Breaking News.
in an email sent to U.S.-based users on June 28, U.K. fintech firm Revolut announced that it is ending support for three major cryptocurrencies. The company stated that U.S. users will not be able to buy Cardano (ADA), Polygon (MATIC), and Solana (SOL) through its app, effective immediately. At a later, unspecified date, users will […]
The post Revolut delists Cardano, Polygon, and Solana in US market appeared first on CryptoSlate.
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