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.
2 / 2 Relevant items tagged with #WrappedBitcoin
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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…
The Protocol: Now Everyone's Putting a Wrapper on Bitcoin
[Aug 21 8:00 PM] In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on…
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…
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.
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.
Bitcoin finds ‘another’ use case via BTCfi — DLC.Link co-founder
[May 29 6:05 AM] DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTC’s potential for collateral, yield farming and more.
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.
Address poisoning attacker sends $153K ETH to victim and agrees to negotiate
[May 9 12:20 PM] The attacker who pulled off a $68 million address poisoning scam has posted two messages agreeing to negotiate with the victim.
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…
Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
[Sep 4, 2023 1:30 PM] Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the…
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…
Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’
[Jul 5, 2023 8:00 AM] “We've only seen the tip of the iceberg with bitcoin DeFi today,” said Interlay CEO and Co-founder Alexei Zamyatin in an exclusive interview with CoinDesk.
Wrapped Bitcoin Token Goes Live on Cardano Testnet
[Apr 24, 2023 2:14 AM] The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.
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…
Bitcoin inches closer to a 10-year record, as other stats turn bullish
[Jan 17, 2023 10:47 PM] Right now, Bitcoin is a day away from matching a nearly 10-year-old record and Ethereum could hit a significant milestone by Q2.
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
[Dec 14, 2022 11:57 PM] The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.
Crypto Twitter calls for calm after wETH insolvency joke goes viral
[Nov 27, 2022 9:01 PM] Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke.
Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year
[Nov 26, 2022 11:00 AM] This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the…