DeFi token Ren surges as tokenized BTC grows in popularity.
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DeFi Boom: Balancer Echoes Compound With 235% Spike on First Day
DeFi tokens like LEND — the price of which has increased by 3900% since 2019 — rallied further this week, some to new all-time highs.
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Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving […]
The post Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum appeared first on Bitcoin News.
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Bitcoin Price Diary: How REN/BTC Double Bottom Made Me 49% Profit
“A bounce was somewhat inevitable,” a veteran trader explains after executing a profitable trade with REN/BTC and BTC/USD
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The Wrapped Bitcoin Project Has Officially Launched on Ethereum
On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of […]
The post The Wrapped Bitcoin Project Has Officially Launched on Ethereum appeared first on Bitcoin News.
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