Wrapped BTC – DIGIT INFO

Coinbase faces $1B lawsuit over wBTC delisting

DIGIT — Fri, 13 Dec 2024 18:52:42 +0000

BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.

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BiT Global claims Coinbase delisted WBTC for ‘competitive advantage’

DIGIT — Thu, 21 Nov 2024 17:54:34 +0000

Coinbase contends the delisting was based on a standard review of WBTC’s suitability to trade on the exchange.

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Wrapped Bitcoin ($WBTC) Dominates DeFi with Unprecedented Usage Across Lending, Yield Farming, And DEXs

DIGIT — Thu, 03 Oct 2024 09:55:59 +0000

Wrapped Bitcoin ($WBTC) continues to assert its dominance in the DeFi ecosystem, with record-breaking usage across various DeFi platforms, including lending, yield farming, decentralized exchanges (DEXs), and derivatives markets. According to data from @intotheblock, WBTC has cemented its position as a critical asset in DeFi, with lending emerging as its most prominent use case. A remarkable 69,203.45 WBTC is currently locked in lending protocols, making it the top destination for WBTC. This substantial amount highlights the growing demand for WBTC as a collateral asset and its role in facilitating borrowing within DeFi markets. Yield farming is also seeing significant activity,

The post Wrapped Bitcoin ($WBTC) Dominates DeFi with Unprecedented Usage Across Lending, Yield Farming, And DEXs appeared first on The Merkle News.

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BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

DIGIT — Sun, 17 Mar 2024 20:15:55 +0000

Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. […]

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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days

DIGIT — Fri, 20 Jan 2023 22:30:59 +0000

Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022.
WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions
The […]

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Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

DIGIT — Sat, 26 Nov 2022 17:00:48 +0000

This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the number has dropped by more than 15% down to 225,962 WBTC. Similarly, the quantity of tokenized […]

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Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months

DIGIT — Sun, 24 Jul 2022 21:50:16 +0000

Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number […]

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Moving $25 Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in Existence

DIGIT — Fri, 05 Nov 2021 15:30:45 +0000

As the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 […]

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Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol

DIGIT — Tue, 27 Jul 2021 18:30:55 +0000

According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal. Trust-less Native Bitcoin Swap Executed With an NFT Called ‘Boombox’ On July 23, a […]

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Blockstream expands Liquid Federation, but LBTC adoption remains slow

DIGIT — Tue, 12 Jan 2021 04:56:11 +0000

Six prominent crypto firms have joined the federation governing Blockstream’s Liquid sidechain.

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