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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...
Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum
19.2.2020
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also...
Is It Exploitation Season for DeFi?
18.2.2020
Are two recent attacks taking advantage of "flashloans," low liquidity and price oracle issues the first of more to come?
Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity
19.7.2019
Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read:...