1 / 3 Relevant items tagged with #WBTC

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Coinbase To Delist WBTC After Judge Gives Thumbs Up

[Dec 19 11:30 AM] Coinbase announced in November that it would delist WBTC on December 19, after the token became affiliated with Tron founder Justin Sun. Coinbase and Bit Global Clash in Court Over WBTC Delisting California judge Araceli Martínez-Olguín gave crypto…

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.

WBTC Delisting Sparks Skirmish Between Justin Sun and Coinbase Executive

[Dec 16 8:30 AM] The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal…

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.

Wrapped Bitcoin flash crashes to $5K on Binance exchange

[Nov 24 9:47 PM] Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications.

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

[Nov 24 6:43 PM] Five days ago, Coinbase announced plans to remove wrapped bitcoin (WBTC) from its platform on Dec. 19, 2024. In the days following the announcement, the WBTC supply has contracted. Wrapped Bitcoin’s Supply Drops by 5,844 Coins in 8 Days On…

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.

Coinbase Delists Wrapped Bitcoin wBTC, Citing 'Listing Concerns'

[Nov 20 5:40 AM] Announcement comes shortly after the exchange launched its own ‘wrapped’ bitcoin on Base – cbBTC

Coinbase to delist Wrapped Bitcoin

[Nov 19 8:32 PM] Coinbase has already discontinued market trading of WBTC and is only facilitating limit orders.

Coinbase’s Bold Move: Bitcoin Derivative Token WBTC to Be Delisted Next Month

[Nov 19 6:10 PM] On Tuesday, the San Francisco based crypto firm Coinbase announced that it would be delisting wrapped bitcoin (WBTC) on Dec. 19, 2024. Coinbase to Pulls Wrapped Bitcoin From Its Platform on Dec. 19 Coinbase plans to suspend trading of the bitcoin…

Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market

[Nov 8 3:33 AM] The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase. 

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

[Oct 23 1:49 PM] The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S

Kraken crypto exchange launches own Wrapped Bitcoin token

[Oct 17 12:29 PM] According to Kraken, kBTC reinforces Bitcoin’s position as the “epicenter of crypto” and empowers developers to explore new ways to use BTC.

Trump crypto project proposes Aave link in governance proposal

[Oct 10 6:17 AM] The Donald Trump-backed crypto platform, World Liberty Financial, wants to run as an instance on the DeFi protocol Aave.

WBTC completes shift to multi-jurisdiction custody arrangement

[Oct 9 6:32 PM] Wrapped Bitcoin currently has a market capitalization of approximately $9.5 billion and a circulating supply of 154,782 tokens.

Coinbase to add proof of reserves to Bitcoin wrapper cbBTC

[Sep 30 8:21 PM] Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency.

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. 

Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO

[Sep 24 10:13 PM] An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.

21.co’s Bitcoin wrapper to add Chainlink proof of reserve

[Sep 23 9:41 PM] The integration comes as other Bitcoin wrappers face scrutiny for custody practices. 

Coinbase's cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024

[Sep 21 7:10 PM] Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

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. 

DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

[Sep 19 9:29 PM] The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.

Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market

[Sep 19 7:30 PM] This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes…

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

[Sep 19 6:41 PM] According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 

ICP-Based Bitcoin Token 'ckBTC' Will Bridge to Cosmos Through Osmosis

[Sep 18 2:00 PM] Osmosis is partnering with ICP-built Omnity network in order to provide a service for bridging non-custodial BTC into Cosmos.

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.”