Tokenized Bitcoin Surpasses 172K BTC as Utility Expands Across Chains: Coin Metrics
Over $7 billion in bitcoin is now actively working across Ethereum, Base, and Solana, not just sitting idle, fueled by the explosive growth of tokenized wrappers like WBTC and cbBTC, reveals Coin Metrics’ latest study. Report: Tokenized Bitcoin Supply Soars, Led by WBTC and Coinbase’s cbBTC Tokenized bitcoin (BTC), primarily wrapped bitcoin (WBTC) and Coinbase’s […]
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
Wrapped Bitcoin in DeFi: Evaluating wBTC, cbBTC and tBTC
Explore how trade-offs between centralization, security, and adoption are shaping wrapped Bitcoin protocols. This post was originally published on this site
Coinbase to delist WBTC
Coinbase has already discontinued market trading of WBTC and is only facilitating limit orders.This post was originally published on this site
Coinbase to delist WBTC
Coinbase has already discontinued market trading of WBTC and is only facilitating limit orders.This post was originally published on this site
Wrapped in Chains: Bitcoin’s Centralization Trap
This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […]
Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […]
Kraken crypto exchange launches own Wrapped Bitcoin token
According to Kraken, kBTC reinforces Bitcoin’s position as the “epicenter of crypto” and empowers developers to explore new ways to use BTC.This post was originally published on this site
Coinbase to add proof of reserves to Bitcoin wrapper cbBTC
Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.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 […]