Tag: wbtc

Aug 02 2022

Nomad bridge drained of $190M after hundreds of addresses copy hacker’s code

Aug 02 2022 Published at CryptoSlate under tags  hacks nomad bridge usdc wbtc

Nomad token bridge suffered an exploit on August 1 that allowed several people to drain the bridge of $190.7 million. The first sign of trouble began at about 9:23 pm UTC after a hacker exploited the bridge to withdraw 100 WBTCs worth $2.3 million. Several others copied the code of the first suspicious transaction and changed the address to...

Jul 11 2022

Celsius Replaces Its Lawyers And Repays $20 Million Debt To Aave

Jul 11 2022 Published at Bitcoinist.com under tags  aave bitcoin crypto news makerdao usdc

Though caught up in the web of the prevailing crypto bear market, Celsius adversely impacted the situation. The crypto lending platform has been struggling to break loose from the effect of insolvency. It suspended customers' withdrawal from the platform to survive the storm. Also, it had previously hired some lawyers from Akin Gump Strauss Hauer & Feld LLP. However, Celsius seems to be...

Celsius Continues Paying Off Its Debts, Sends 20M USDC to DeFi Protocol Aave

Celsius (CEL), a struggling cryptocurrency lending platform, has paid off 20 million USDC debt to decentralized finance (DeFi) protocol Aave (AAVE). Recall that Celsius paused withdrawals last month to protect itself from potential bankruptcy stemming from the broader cryptocurrency downturn and the drastic increase in user withdrawals.

Jul 08 2022

Celsius transfers WBTC worth $529M to FTX exchange

Jul 08 2022 Published at Coinscreed under tags  celsius ftx exchange news wbtc

The cryptocurrency industry is worried that the transfer of the wBTC might result in the dump of more than $500 million worth of Bitcoin. Concerns have been raised by some in the community regarding the possibility of a dump when troubled loan provider Celsius transferred nearly 25,000 Wrapped Bitcoin (wBTC) valued at $528.9 million to […] The post...

Jun 30 2022

Comparing Alternative Bitcoin Bridges and Wrapped BTC

Jun 30 2022 Published at Altcoin Buzz under tags  binance bridge defi wbtc

There are now many options to bridge Bitcoin for use on various blockchain networks. However, some have distinct benefits over others. In this article, we will explore the differences between Bitcoin bridges. Bridging Bitcoin provides a way to bring the asset to decentralized finance (DeFi). Native Bitcoin cannot be used in DeFi protocols, so it needs to be bridged, wrapped, or tokenized. Furthermore,...

May 02 2022

Whales Add $28 Mln Worth Of Wrapped BTC, DeFi Trade To Spike?

May 02 2022 Published at Coingape under tags  bitcoin (btc) news wbtc

The world’s largest cryptocurrency, Bitcoin (BTC) is finally showing some recovery from the recent dump. BTC prices have registered a marginal increase of around 1% in the last 7 days. Meanwhile, Bitcoin’s Ethereum (ETH) spin off Wrapped Bitcoin (WBTC) registered a huge spike in its trading volume. ETH whale "Saruman" adds $25 mln worth of...

Apr 27 2022

How Wrapped Bitcoin And TradFi Products Muddy On-Chain Analysis

Apr 27 2022 Published at Bitcoinist.com under tags  bitcoin btcb btcusd tradfi wbtc

On-chain analysis is an important part of the bitcoin ecosystem. It helps to show activity on the network and can give a good indication of how investors are feeling about the digital asset. In the early days, on-chain analysis commanded a lot of respect in the space. However, there have been various things that have muddied the waters that are on-chain analysis. These...

Apr 19 2022

Trading for AKT, BADGER, BAND, CTSI and More Starts Now For USA and CA!

Apr 19 2022 Published at Kraken Blog under tags  akt announcements badger band cqt

Following Kraken’s listings of Akash (AKT), Badger DAO (BADGER), Band Protocol (BAND), Cartesi (CTSI), Covalent (CQT), Energy Web Token (EWT), Aavegotchi (GHST), Injective Protocol (INJ), Mango (MNGO), Star Atlas DAO (POLIS), Rarible (RARI), Ren (REN), Saber (SBR), Serum (SRM), Wrapped BTC (WBTC) and 0x (ZRX)… The post...

Apr 18 2022

Are Whales Turning To Defi? Wrapped BTC (WBTC) Volumes Skyrocket

Apr 18 2022 Published at Coingape under tags  altcoin news bitcoin news wbtc

Some major Bitcoin traders appear to be turning to DeFi to maintain returns on their investment, whale trading data showed on Monday. Wrapped Bitcoin (WBTC), an Ethereum-based variant of Bitcoin (BTC) used to invest in DeFi platforms, saw volumes spike as the crypto market sank. The world’s largest crypto, Bitcoin (BTC) is down by over...

Dec 04 2021

Was Celsius the ‘biggest victim’ in the recent BadgerDAO exploit?

Dec 04 2021 Published at CryptoSlate under tags  badger btc cel defi hacks

Bitcoin DeFi tool BadgerDAO suffered a major attack earlier this week, and according to the current speculation, one of the most affected addresses that lost nearly 900 Bitcoin could be owned by...

Sep 29 2021

On-chain data reveals crucial metrics about the adoption of Bitcoin, stablecoins, and Cardano

Sep 29 2021 Published at CryptoSlate under tags  ada analysis btc dai defi

First in a bigger series of dAppradar’s reports, which explore how value moves around after entering the blockchain industry, revealed that the amount of Bitcoin (BTC...

Jul 29 2021

BADGER, CTSI, LRC and WBTC Trading Starts August 3 – Deposit Now

Jul 29 2021 Published at Kraken Blog under tags  announcements bader ctsi | kraken news lrc

Kraken is supporting four new assets: Badger DAO (BADGER), Cartesi (CTSI), Loopring (LRC) and Wrapped Bitcoin (WBTC). Deposits for all four assets are available starting now Trading will begin on August 3 at approximately 15:30 UTC for all assets Note: Trading is not available to… The post BADGER, CTSI, LRC and WBTC Trading...

Jun 08 2021

Jan 06 2021

Top 10 cryptonews of 2020 | How Will They Shape 2021

Jan 06 2021 Published at Altcoin Buzz under tags  bitcoin defi finance and funding ripple uni

Despite the wild price swings in March 2020, Bitcoin closed the year very well-above its 2017 all-time high. In December 2020, the Bitcoin price jumped by 66.1%. Impressively, the astounding bitcoin price rally turned unstoppable after 17 December 2020, and bitcoin price crossed $34k. All in all, cryptocurrencies benefited from a diverse set of cryptonews in 2020. It started with the pandemic triggered...

Dec 14 2020

WBTC: Top Things You Can Do Around DeFi with the Most Popular BTC Token

Dec 14 2020 Published at Blockonomi under tags  bitcoin defi ethereum tokens wbtc

Let's say you're a longtime Bitcoiner with some BTC laying around that you'd be willing to experiment with. 'If that sounds like you, then maybe you've also heard about Ethereum's rising decentralized finance ecosystem and how you can put your BTC to work in DeFi in various ways, though you don't know where to start. [...] The post WBTC: Top Things You Can...

Oct 30 2020

Almost 1% of all Bitcoin in circulation is now used on Ethereum

Oct 30 2020 Published at CryptoSlate under tags  analysis btcusd ethusd wbtc

One of the biggest focuses of this past year in DeFi has been the rapid rise of Wrapped Bitcoin, tBTC, and other projects that allow investors to deposit their BTC in exchange for an Ethereum-based token representing a claim on that Bitcoin. While previously seen as a novelty only used by KYC-ed users looking for a faster way to transact Bitcoin, it is...

Oct 13 2020

$1.5 Billion BTC Moved to ETH Amidst Decentralized Finance Recovery

The decentralized finance (DeFi) ecosystem has garnered the attention of investors worldwide. According to reports, Ethereum currently houses the highest number of decentralized finance (DeFi) protocols available today. This includes the highly-successful Uniswap DeFi protocol. For users to gain access to these protocols, they need to first own ERC20 tokens. The total number of Bitcoin locked up in DeFi protocols recently reached an...

Oct 01 2020

BitGo Uses Chainlink (LINK) Oracle Network for On-Chain Auditing of WBTC

Oct 01 2020 Published at Coingape under tags  bitgo chainlink chainlink oracle defi defi news

BitGo, the institutional digital asset and custodial platform, has adopted oracle network Chainlink (LINK) for cross-chain auditing of wrapped Bitcoin (WBTC). Over the last year, BitGo has bridged over $1 billion on...

Sep 28 2020

Lightning Vs WBTC, Is It Game Over For Bitcoin Lightning Network?

Lightning Network that was launched with the hope of enabling instant payments and scaling Bitcoin to handle millions to billion of transactions per second across the network. However, currently the Lightning...

Sep 24 2020

WBTC Now Available on DeFi Swap

Crypto.com recently announced that Wrapped Bitcoin (WBTC) is now available on DeFi Swap. The development was also revealed via a Twitter announcement from Crypto.com. Wrapped Bitcoin (...

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