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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CryptoSlate wMarket Update: Mixed market performance sees Bitcoin drop below $28,000

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.

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XRP leads flat market with 5% gains: CryptoSlate wMarket Update

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 […]

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CryptoSlate wMarket Update: Bitcoin $29,000 rally short-lived as top 10 assets plunge

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.

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Native Token Transfers Are the Next Evolution of Interoperability

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.

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BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

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.

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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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Revolut delists Cardano, Polygon, and Solana in US market

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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Buoyant weekend price action sees Bitcoin recapture $27,000: CryptoSlate wMarket Update

Since last Friday’s wMarket report, the cryptocurrency market saw net inflows of $47.2 billion and currently stands at $1.16 trillion — up 4.2% from $1.12 trillion. Over the weekend, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 5.5% and 5% to $540.34 billion and $228.76 billion, respectively. Over the last 24 hours, all […]

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CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again

The cryptocurrency market cap saw net inflows of $70 billion over the last 24 hours and currently stands at $1.19 trillion — up 5.44% from $1.12 trillion.

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CryptoSlate wMarket update: Bitcoin consolidates at $29k as Ethereum inches closer to $2k

In the last 24 hours, the cryptocurrency market cap saw net inflows of $10 billion and currently stands at $1.21 trillion — up 0.78% from $1.20 trillion. Bitcoin and Ethereum’s market cap rose 0.92% and 1.08% to $567.06 billion and $230.13 billion during the reporting period, respectively. The top 10 cryptocurrencies recorded gains during the […]

The post CryptoSlate wMarket update: Bitcoin consolidates at $29k as Ethereum inches closer to $2k appeared first on CryptoSlate.

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