World Liberty Financial, thе DеFi projеct linkеd to U.S. Prеsidеnt Donаld Trump, hаs stirrеd thе crypto wаtеrs with а hеfty trаnsfеr of digitаl аssеts to Coinbase Primе. On-chаin dаtа from Spotonchain rеvеаls thе projеct shiftеd аround $307.41 million аcross еight cryptocurrеnciеs, cаlling it а “trеаsury mаnаgеmеnt аnd businеss opеrаtions” movе. This significаnt trаnsfеr аccountеd for […]
wBTC
Coinbase Sued for $1B: wBTC Delisting Sparks Legal Battle
Key Takeaways: BiT Global Digital Limited has filed a $1 billion lawsuit against Coinbase, accusing the exchange of unfairly delisting Wrapped Bitcoin (wBTC) to promote its competing token, cbBTC. The complaint filed on Dec.13 accused Coinbase of having violated anti-trust laws by attempting to monopolize the wrapped Bitcoin market. According to BiT Global, this move […]
Bitcoin & Wrapped BTC Whale Transactions Reaches $100k+
Bitcoin and Wrapped Bitcoin [WBTC] are seeing rising whale activity in the month of March. In the past seven days, BTC large-scale holders are on an accumulation binge, with over 10,000 transactions valued at $100k+ per day. While WBTC is receiving more than 930, both of these numbers are record-breaking for 2023. According to the […]
Cardano Founder Reveals How Wrapped BTC Can Boost Usage
Cardano founder Charles Hoskinson in his latest podcast spoke in detail on the Bitcoin network, mining, and the significance of wrapped bitcoin [wBTC]. BTC mining has come under heavy scrutiny for its impact on the environment with some studies comparing it to oil refining. Calling for an end to mining, Hoskinson said the king coin may […]
Makerdao Collateral Liquidation Amounts for WBTC Hits New ATH
The price of Bitcoin and other top altcoins is now down a significant percent so far this month. If the current momentum persists then this could be Bitcoin’s worst month in over three years. Since major digital assets shed a large amount of value on the spot market, this triggered a slew of corresponding positions, […]
Coinbase Roll-Out Support Wrapped Bitcoin Amid Ongoing DeFi Craze
Thanks to the ongoing decentralized finance [DeFi] boom, tokenized Bitcoin has captured the market sentiment like never before. With its growing popularity among investors, several exchanges were now delving deeper by listing these tokens to allow BTC to participate in decentralized finance. Adding to this trend, leading cryptocurrency exchange, Coinbase also announced support for the […]
$1 Billion Worth Bitcoin Are Now Wrapped in wBTC on Ethereum
The decentralized finance [DeFi] sector is in a boomtown as it has continued to attract a lot of attention. Riding the success of this space was the popular Bitcoin tokenization protocol Wrapped BTC [wBTC], which increased by a whopping 900 % in just two months as it crossed the $1 billion mark with respect to the […]
DeFi Mania Eclipses Bitcoin’s Sidechain Liquid as Latter’s Figure Stagnates
Despite being the undisputed leader of the cryptocurrency realm, Bitcoin blockchain has been riddled with scalability issues. Due to this, many implementations have been tried and tested to make the network more efficient. One such is Blockstream’s sidechain-based settlement network, Liquid’ which is essentially a second layer solution for traders and exchanges, that enables faster, […]
DeFi Boom Catalyzes Wrapped Bitcoin’s Growth as Market Cap Nears $500 Million
The story of DeFi in 2020 has been no less than extraordinary and the limelight is now on the world’s largest altcoin, Ethereum. More precisely, the number of Bitcoins “wrapped” and flowing on Ethereum blockchain was now in the focus. So what exactly is ‘Wrapped Bitcoin’? They are ERC-20 token backed 1:1 by BTC. A […]
Bitcoin in Ethereum’s blockchain? wBTC to change the DeFi-Bitcoin game
MakerDAO was the most powerful player in DeFi space and last year’s Multi-Collateral Dai launched showed the purpose of the protocol. Currently, in order to continue the development of stablecoin DAI, according to Maker’s official blog, the company is conducting an executive poll to add WBTC as a collateral style asset to DAI. Last year, […]