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Coinbase's cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
21.9.2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications
DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote
20.9.2024
The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.
DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
19.9.2024
The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding
Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market
19.9.2024
This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin...
Sky proposes dropping Wrapped Bitcoin over claimed Justin Sun ties
13.9.2024
The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin Sun or affiliates.”
DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
13.9.2024
The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass
Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks
12.9.2024
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin...
Coinbase’s Wrapped Bitcoin cbBTC Goes Live
12.9.2024
The token will initially be offered on Ethereum and Coinbase’s Base networks, with plans to expand to more blockchains in the coming months
Coinbase launches 'cbBTC' wrapped Bitcoin digital asset
12.9.2024
The exchange announced that cbBTC is now available in the United Kingdom, Australia, Singapore, and all US states except New York
BitGo deploys wrapped BTC on Avalanche and BNB Chain
10.9.2024
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns
3.9.2024
The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’
Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody
29.8.2024
Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the decentralized finance (defi) ecosystem over...
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
15.8.2024
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated...
Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
14.8.2024
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem
Coinbase Promotes cbBTC, Wrapped Bitcoin Alternative for Base Blockchain
14.8.2024
Tweets from the crypto exchange and Jesse Pollack, the creator of Base, suggest cbBTC could run on the layer-2 blockchain
Coinbase teases 'cbBTC’ days after BitGo Wrapped Bitcoin controversy
14.8.2024
Speculators think the post refers to Coinbase’s own wrapped Bitcoin product, which will potentially be launched on its layer-2 network Base
BitGo to transition Wrapped Bitcoin business to multi-jurisdictional custody
11.8.2024
BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody."
Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam
4.5.2024
An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam.
The post Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam appeared first on Cryptonews
Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
29.7.2023
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....
Wrapped Bitcoin Token Goes Live on Cardano Testnet
24.4.2023
The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem