Data suggests the wrapped Bitcoin (WBTC) supply on Ethereum has dropped by around 35% since the LUNA/UST collapse last year. 101,550 BTC Has Exited Wrapped Bitcoin Supply Since All-Time High According to data from the on-chain analytics firm Glassnode, about 285,000 BTC was locked into the WBTC supply at an all-time high (ATH) last year....
Wrapped Bitcoin (wBTC) is Bitcoin that has been regenerated to be used within the Ethereum ecosystem. Launched in January 2019, wBTC is an Ethereum token that's backed by Bitcoin...
Wrapped Bitcoin (WBTC) Depeg News: Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the...
The DeFi community has long been concerned about the security of Wrapped BTC bridges. Ethereum co-founder Vitalik Buterin once expressed concerns over possible losses in 2020. When news emerged that FTX had become the latest crypto exchange to collapse and file for bankruptcy, such warnings came to the mind of many. The once towering exchange with a valuation of over $20 billion was...
Why do we see so many dog-centric tokens around us? For instance, it was Dogecoin that set a tone for many others to come. The recent one is the promising Dogeliens Token (DOGET), and nobody knows what coins to expect next. We have that deep connection with this creature, and it certainly pumps our dopamine. But is it enough to sustain in this...
New crypto tokens will take over the market in 2022. But, if the second quarter taught us anything about the cryptocurrency market, the euphoria is far from over, and this year may be another record-breaking one.
The bitcoin price may be down from its all-time highs, but off-chain uses for bitcoin assets are in their own bull market.This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher. One of the more interesting and controversial developments in the Bitcoin ecosystem is off- chain use cases. Many of these applications are not technologically identical, but they all...
The Celsius Network has been dealing with a lot of trouble which has directly caused a panic in the cryptocurrency market. Meanwhile, the network has taken more risks in order to protect its position. Celsius borrows 278 million DAI According to Wu Blockchain, an address associated with Celsius has borrowed $278 million worth of DAI The post Just-In: Is Celsius Making A Last-Ditch...
The global cryptocurrency market witnessed another marginal drop of around 1% over the past day. The total crypto market cap has shrunk to stand at $1.19 trillion. The largest tokens...
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...
Messari is a crypto data company. Their goal is to be the Bloomberg of Crypto. And if you’ve been following their CEO Ryan Selkis on Twitter (@twobitidiot), then you know he’s declared SEC Chief Gary Gensler as Crypto public enemy #1. And the reason why is synthetic assets. So today, we look at Messari’s Crypto Theses on Synthetic Assets. Selkis calls Gensler ‘Goldman...
Changelly welcomes yet another token available for exchange on the platform — the WBTC token. Users can exchange WBTC for other digital assets at floating rates. Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain. WBTC is compliant with ERC-20, which allows it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending...
BitGo “unwrapped” over 11,600 WBTC last month.
WBTC burns picked up in November, continuing into December.
Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.
The Paypal news triggered massive bullish momentum for Bitcoin which broke above $13k and climbed to levels not seen since last year. This was followed by the rest of the cryptocurrency market following suit which also soared to fresh highs. But the...
In a step towards creating a truly interoperable blockchain ecosystem, cross- chain bridge service provide Interlay has joined hands with Polkadot to bring the platform's first trustless wrapped Bitcoin PolkaBTC by early 2021....
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