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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...
Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week
19.9.2024
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
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.
Quick Hit #17
9.9.2024
“Wrapping the <labelaround the <inputis fine, and is sufficient for conformance on its own, however adding explicit association with for and id is still necessary in practice.” —James Edwards…
Quick Hit #17 originally published on CSS-Tricks, which is part of...
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.’
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
30.8.2024
The proposal would effectively transfer control of WBTC to Threshold.
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
30.8.2024
The proposal would effectively transfer control of WBTC to Threshold.
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...
The Protocol: Now Everyone's Putting a Wrapper on Bitcoin
21.8.2024
In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on Ethereum
Unknown crypto whale has been scooping up WBTC amid controversy
20.8.2024
According to Lookonchain, an unknown wallet address has accumulated more than $118 million worth of Wrapped Bitcoin in the last week
Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption
16.8.2024
Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi
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