BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto Derivatives

BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto DerivativesOn August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing regulatory outlook on cryptocurrency derivatives.” Defi Project Detoken to Shut Down Operations […]

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Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply

Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating SupplyAccording to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s […]

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There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion

There's Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 BillionFor quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or the Binance Smart Chain. Layer 2 and Sidechain Competitors Command $251 Million in Bitcoin Value […]

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Man Offers to Buy 111 Tesla Model 3s if Elon Musk’s Company Accepts Bitcoin Cash for Payments

Man Offers to Buy 111 Tesla Model 3s if Elon Musk's Company Accepts Bitcoin Cash for PaymentsOn April 20, a video stemming from the Youtube channel called “1stmil.com” has the Bitcoin Cash community talking. The host of the channel sitting in a Tesla dealership parking lot explains in his recent video that if Elon Musk gets Tesla to accept bitcoin cash directly for cars, he plans to commit to purchasing 111 […]

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Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands $2.3 Billion Market Cap

Over the last twelve months wrapped or synthetic bitcoin projects have swelled a great deal. The digital token called wrapped bitcoin, for example, has 141,503 WBTC in circulation today, but the token called the Bitcoin BEP 2 (BTCB) has gathered some steam. Currently, there are 39,719 BTCB out in the wild today as the bitcoin-pegged […]

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Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

Side-Chaining $3 Billion in Value: There's More Than 141,000 Tokenized Bitcoins Issued on EthereumAccording to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of […]

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Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures

Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork FuturesThe Bitcoin Cash (BCH) upgrade is 21 days away and there’s a possibility the blockchain may bifurcate on November 15. On Sunday, October 25, statistics show that 731 out of the last 1,000 blocks have been mined using the BCHN full node software. Bitcoin Cash proponents are patiently waiting for the next BCH upgrade that’s […]

The post Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures appeared first on Bitcoin News.

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Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.comThe privacy-centric web browser Brave has partnered with Bitcoin.com in order to give users access to cryptocurrencies like bitcoin cash from directly inside their browser. The newly added Bitcoin.com widget has been added to the latest Brave software and is now available to users in various countries. The latest version of the privacy-oriented Brave browser […]

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Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAIOn October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps). The […]

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Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin NetworkDuring the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild. In the world […]

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