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Category: BTCB
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Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
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Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network
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Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
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Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group
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Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months
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Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
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There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
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Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands $2.3 Billion Market Cap
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4 Notes on Why Bitcoin is Tokenized on Binance Chain
There has never been a shortage of curious developments which put an interesting sin on cryptocurrency projects. Binance, the world’s leading trading platform, is issuing new tokens on its native blockchain. Said tokens will be pegged to leading cryptocurrencies and are all proposed for trading on the Binance DEX platform. The Bitcoin-pegged BTCB Token On paper, it would not necessarily make too much sense for anyone to create a new token pegged to popular cryptocurrencies. A new token linked to Bitcoin would not necessarily gain any real traction, although there seems to be a method to this madness. Binance will
The post 4 Notes on Why Bitcoin is Tokenized on Binance Chain appeared first on The Merkle Hash.
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