Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes.
Powered by WPeMatico
Category: WBTC
Auto Added by WPeMatico
Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain
Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the most popular tokenized BTC platform to-date, announced a partnership with Tron. Members of the crypto ecosystem will soon be able […]
The post Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain appeared first on Bitcoin News.
Powered by WPeMatico
Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain
Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly […]
The post Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain appeared first on Bitcoin News.
Powered by WPeMatico
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin (BTC) has grown massively in recent weeks and since news.Bitcoin.com’s last report […]
The post $700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain appeared first on Bitcoin News.
Powered by WPeMatico
Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors
Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on Ethereum or roughly $449 million stored in synthetic bitcoin protocols like Wbtc, Renbtc, Sbtc, and more. During the last two […]
The post Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors appeared first on Bitcoin News.
Powered by WPeMatico
Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week
Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion […]
The post Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week appeared first on Bitcoin News.
Powered by WPeMatico
Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain
Decentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just recently, the platform Synthetix revealed a partnership with Bitgo and the Ren Project […]
The post Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain appeared first on Bitcoin News.
Powered by WPeMatico
Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs
A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June 19, that there are now 300 active installs of his […]
The post Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs appeared first on Bitcoin News.
Powered by WPeMatico
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just […]
The post Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked appeared first on Bitcoin News.
Powered by WPeMatico
MakerDao Brings Bitcoin to the Ethereum Blockchain
MakerDAO governance token holders voted to accept wBTC as the fourth collateral asset in the Maker DeFi Protocol.
Powered by WPeMatico