Coinbase slammed for linking WBTC delisting to Justin Sun
Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks.This post was originally published on this site
Bit Global Files $1 Billion Lawsuit Against Coinbase Over WBTC Delisting
Bit Global has filed a $1 billion lawsuit against Coinbase, alleging anticompetitive practices following the delisting of the wrapped Bitcoin token (WBTC) from the exchange. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses Coinbase of exploiting its dominant position in the market to favor its own product, cbBTC. […]
Coinbase faces $1B lawsuit over wBTC delisting
BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.This post was originally published on this site
WBTC Hits New High on Aave, Coinbase’s Wrapped Bitcoin Supply Soars
It’s been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million. Bitcoin Derivative Landscape Shifts […]
Wrapped Bitcoin supplied on Aave hits record high despite backing fears
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.This post was originally published on this site
Wrapped Bitcoin supplied on Aave hits record high despite backing fears
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.This post was originally published on this site
Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding
BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s CEO Mike Belshe and a vote from Sky community members. Sky Adviser BA Labs Recommends Pausing WBTC Offboarding Changes BA Labs’ decision […]
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
The proposal would effectively transfer control of WBTC to Threshold. This post was originally published on this site
WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […]
BitGo CEO argues WBTC security is unchanged amid concerns
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some. This post was originally published on this site