DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
[Sep 12 11:43 PM] The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.
2 / 3 Relevant items tagged with #WBTC
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Nomic introduces Ethereum support for decentralized Bitcoin custody
[Sep 12 2:00 PM] Nomic’s nBTC will compete with wBTC and come without controversy or centralization concerns.
BitGo deploys wrapped BTC on Avalanche and BNB Chain
[Sep 10 8:56 PM] Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
21.co launches Bitcoin wrapper on Ethereum
[Sep 3 5:29 PM] It aims to bring institutional-grade security to wrapped BTC.
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.
Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody
[Aug 29 7:30 PM] Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the…
Unknown crypto whale has been scooping up WBTC amid controversy
[Aug 20 5:55 AM] According to Lookonchain, an unknown wallet address has accumulated more than $118 million worth of Wrapped Bitcoin in the last week.
Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption
[Aug 16 9:42 AM] Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi.
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
[Aug 15 9:30 AM] Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse…
BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
[Aug 15 8:01 AM] Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
Coinbase Promotes cbBTC, Wrapped Bitcoin Alternative for Base Blockchain
[Aug 14 8:47 AM] Tweets from the crypto exchange and Jesse Pollack, the creator of Base, suggest cbBTC could run on the layer-2 blockchain.
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…
Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
[Jun 2 7:01 AM] The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a…
WBTC address poisoner was exposed through ‘digital evidence’ — Match Systems
[May 28 12:00 PM] Experts discovered personal information about the attacker by investigating IP addresses and device data connected to the attack.
WBTC address poisoner sends nearly all funds back to victim after negotiations
[May 10 3:10 PM] Blockchain data shows that nearly 23,000 ETH was transferred into the victim’s account after negotiations opened on May 10.
Change Of Heart: Crypto Scammer Returns $34.7 Million To Victim’s Address
[May 10 3:00 PM] A week ago, a crypto whale fell victim to a scam that resulted in the loss of over $71 million. In the following days, the scammer moved the funds to veil them. But in a shocking turn of events, they returned the funds to the victim. Address…
Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token
[Mar 26 1:30 PM] Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge…
BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy
[Mar 17 1:30 PM] Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and…
10 Decentralized Finance Protocols Rule Over 52% of the WBTC in Circulation
[Oct 22, 2023 5:30 PM] Over the span of ten months, since mid-December 2022, the cryptocurrency known as wrapped bitcoin (WBTC) experienced a reduction of nearly 23,000 coins from its circulation. Today, WBTC has 79,839 distinct wallet holders. Notably, a hefty 73.76% of…
This Trader Is On The Brink Of Losing Money, Will Selling WBTC On Aave V2 Help?
[Oct 13, 2023 4:00 PM] A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, including Ethereum and OP Mainnet, has begun selling wrapped Bitcoin (WBTC) to repay outstanding debt, records on October 13 reveal. WBTC is a tokenized version…
Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
[Jul 29, 2023 9:30 AM] Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC…
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
[Apr 4, 2023 8:00 AM] On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and…
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token
Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain
[Mar 22, 2023 2:00 PM] The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past…
BTC Proxy Is Live on BNB Chain and Interoperable With WBTC and BTCB
[Mar 11, 2023 6:00 AM] PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on…
FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation
[Mar 3, 2023 4:30 PM] On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as…
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse
[Feb 16, 2023 11:00 AM] Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is…
Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network
[Jan 24, 2023 3:00 AM] Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493…
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
[Jan 20, 2023 4:30 PM] Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC…