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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.
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.
Cardano has been growing as a DeFi destination and this could help further.
Bitcoin and Wrapped Bitcoin [WBTC] are seeing rising whale activity in the month of March. In the past seven days, BTC large-scale holders are on an accumulation binge, with over 10,000 transactions valued at $100k+ per day. While WBTC is receiving more than 930, both of these numbers are record-breaking for 2023. According to the […]
The first cBTC was successfully minted on the Cardano (ADA) network.
The supply of wrapped Bitcoin (wBTC) has hit its lowest point since May 2021 following a significant burn of 11,500 wBTC linked to Celsius. The current total supply of wBTC stands at 164,396, with a monthly growth rate of -7.39%. wBTC is an ERC-20 token that mirrors the value of Bitcoin and is pegged 1:1 with its price. It is managed by the decentralized autonomous organization wBTC DAO. (Read More)
Wrapped Bitcoin (WBTC) is a joint venture between BitGo, Kyber Network, Ren, and several other big fintech companies. It was created to be a new token capable of combining all the strengths of two dominant blockchain technologies, Bitcoin and Ethereum. As a result of this project, WBTC debuted on the... Read More
Right now, Bitcoin is a day away from matching a nearly 10-year-old record and Ethereum could hit a significant milestone by Q2.
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