Coinbase chief legal officer responds to cbBTC service terms fears

Coinbase's cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.

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Coinbase's cbBTC wrapped Bitcoin coming to Solana Breakpoint 2024

Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

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Coinbases cbBTC wrapped Bitcoin coming to Solana Breakpoint 2024

Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

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Coinbases cbBTC surges to third-largest wrapped BTC token in just one week

According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 

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Coinbase debuts wrapped Bitcoin token on Ethereum and Base

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.

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WBTC at Risk? Thresholds tBTC Merger Proposal Aims to Restore Stability

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 […]

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DeFi protocol Threshold proposes Bitcoin wrapper merger to save WBTC

The proposal would effectively transfer control of WBTC to Threshold. 

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Address poisoning attacker sends $153K ETH to victim and agrees to negotiate

The attacker who pulled off a $68 million address poisoning scam has posted two messages agreeing to negotiate with the victim.

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Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet

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.

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Bitcoin finds another use case via BTCfi DLC.Link co-founder

DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTCs potential for collateral, yield farming and more.

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WBTC address poisoner sends nearly all funds back to victim after negotiations

Blockchain data shows that nearly 23,000 ETH was transferred into the victims account after negotiations opened on May 10.

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Crypto scammer returns $34.7 million in stolen assets after victim offers bounty

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.

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Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year

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.

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Bitcoin Liquidity Coming to Cardano with AnetaBTC on Testnet

Cardano has been growing as a DeFi destination and this could help further.

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Bitcoin & Wrapped BTC Whale Transactions Reaches $100k+

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 […]

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Wrapped BTC on Cardano (ADA) to Unlock $433B Liquidity Market?

The first cBTC was successfully minted on the Cardano (ADA) network.

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wBTC Supply Hits 9-Month Low After Major Burn

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)

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Bitcoin on Ethereum: What Is Wrapped Bitcoin (WBTC)?

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

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Bitcoin inches closer to a 10-year record, as other stats turn bullish

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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Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO

The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.

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