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Australia Introduces Capital Gains Tax For Wrapped Tokens
14.11.2023
Source: Pixabay The Australian Taxation Office has issued an update on its capital gains tax for crypto products, stating that it also extends to wrapped tokens or token interaction with decentralized lending protocols. The previous edition of the capital gains tax stated that capital gains...
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
14.11.2023
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols
21co Unwraps New Suite of Wrapped Cryptocurrencies
12.9.2023
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...
BonqDAO protocol suffers $120M loss after oracle hack
2.2.2023
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
15.12.2022
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC
Report: Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency
24.9.2022
According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that...
What Are Wrapped Tokens?
22.4.2022
Wrapped tokens have opened new opportunities for crypto investors by allowing them to deploy assets from one chain to another in tokenized form.
Read on to learn about wrapped tokens, how they work, and which wrapped coins are the most popular....
Read More: What Are Wrapped Tokens?
Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply
8.8.2021
According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K...