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Crypto Biz: Coinbase vs. BiT Global $1B wBTC dispute

[Dec 20 9:00 PM] This week’s Crypto Biz explores Coinbase's wBTC controversial delisting, Deutsche Bank’s blockchain, USDT in Europe, FTX creditors repayment and BVNK’s move to the United States.

Judge won’t block Coinbase from delisting wBTC over Justin Sun claims

[Dec 18 8:24 PM] Coinbase will likely be able to move forward with its intention to suspend wBTC trading on Dec. 19 following a challenge in federal court.

Coinbase slammed for linking WBTC delisting to Justin Sun

[Dec 18 10:05 AM] 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.

Bit Global Files $1 Billion Lawsuit Against Coinbase Over WBTC Delisting

[Dec 13 8:05 PM] 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…

Coinbase faces $1B lawsuit over wBTC delisting

[Dec 13 6:52 PM] BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.

BiT Global claims Coinbase delisted wBTC for ‘competitive advantage’

[Nov 21 5:54 PM] Coinbase contends the delisting was based on a standard review of wBTC’s suitability to trade on the exchange.

WBTC Hits New High on Aave, Coinbase’s Wrapped Bitcoin Supply Soars

[Sep 27 2:36 PM] 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…

Wrapped Bitcoin supplied on Aave hits record high despite backing fears 

[Sep 26 10:02 PM] WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.

Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding

[Sep 25 2:16 PM] 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…

Sky reevaluates plan to offboard WBTC following discussion with BitGo CEO

[Sep 25 3:53 AM] BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token have been addressed and new recommendations will be put to a vote on Oct. 3. 

DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

[Sep 20 1:54 AM] The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 

Sky proposes dropping Wrapped Bitcoin over claimed Justin Sun ties

[Sep 13 5:52 AM] The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin Sun or affiliates.”

DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’

[Aug 30 5:19 PM] The proposal would effectively transfer control of WBTC to Threshold. 

WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns

[Aug 12 10:20 PM] 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…

BitGo CEO argues WBTC security is unchanged amid concerns

[Aug 12 3:41 AM] BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some.