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$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
8.9.2020
According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin...
Binance lists WBTC amid the ongoing DeFi craze
31.8.2020
Demand for Wrapped Bitcoin is increasing along with the DeFi rally
BitGo Weighs Building a Sidechain for WBTC as Ethereum Fees Climb
25.8.2020
Digital asset trust company BitGo is in the process of “reaching out” to community partners to build an Ethereum sidechain because of rising fees, according to CTO Ben Chan
Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors
17.8.2020
Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on Ethereum or roughly $449 million stored in synthetic bitcoin protocols like Wbtc...
Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week
16.8.2020
Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone...
Market Wrap: Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi
13.8.2020
A dull bitcoin market contrasts with increasing use of the cryptocurrency in DeFi applications
Nearly $100 Million in Bitcoin Moved to Ethereum in July, Led by Retail Traders
1.8.2020
Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin
Coinbase Reviewing 19 Crypto Assets for Listing, Including Wrapped Bitcoin and Paxos Gold
1.8.2020
Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph...
Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket
22.7.2020
The number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom. Active Ethereum addresses doubled in size leaving networks like Tron, Cardano, and EOS in the dust. There’s a lot happening in the world of decentralized finance (defi)...
Nearly $60M in Bitcoin Moved to Ethereum in June
7.7.2020
Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin
Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain
26.6.2020
Decentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just...
Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures
26.6.2020
A pool of sBTC, renBTC and WBTC is helping Synthetix draw the attention of DeFi's growing horde of yield farmers
Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs
21.6.2020
A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June...
Ethereum Has Become Bitcoin’s Top Off-Chain Destination
4.6.2020
The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
26.5.2020
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin...
Why $4M Dai Made From WBTC Matters for DeFi’s Maturation
20.5.2020
Crypto lender Nexo minted $4 million in dai on MakerDAO using synthetic bitcoin token WBTC as collateral. Here's why that matters
John McAfee
20.5.2020
John McAfee is a computer programmer, cryptocurrency enthusiast, sometime U.S. presidential candidate and the founder of McAfee Associates, which developed McAfee, the first commercial antivirus software. In May 2016, McAfee joined MGT Capital Investments as the company’s chief executive chairman...
1000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network
13.5.2020
A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network
MakerDao Brings Bitcoin to the Ethereum Blockchain
3.5.2020
MakerDAO governance token holders voted to accept wBTC as the fourth collateral asset in the Maker DeFi Protocol
Anyone Can Host a Crypto Exchange – Tim Draper Backed Startup Launches New WordPress Plugin
22.4.2020
There’s a new plugin available that gives people the ability to launch a cryptocurrency exchange on any WordPress-based website. The project called Wpcryptoexchange is a product created by the Tim Draper-backed startup Draper Goren Holm. With the plugin, anyone can launch a digital currency...