Wrapped BTC

39955.74 $ ?

Wrapped BTC Information


What is Wrapped BTC WBTC is a community-focused initiative to bring bitcoin to Ethereum as a 1:1 backed token. The custody of the bitcoin reserves is taken care of by BitGo.Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.

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USDT Market Price Change (24H) Market Cap Last 7 Days
39955.74 $ 0 % 11.02 Billion $
877.39 $ 0 % 63.25 Million $
0 $ 0 % 0 $
0 $ 0 % 0 $

Wrapped BTC News Show morenavigate_next

The post Chronoly.io CRNO Presale Sells Out Could it Be The Next Bitcoin Cash BCH or Wrapped BTC WBTC appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideIts never too late to jump into the crypto bandwagon even though the market has been on a downtrend lately. Crypto prices can fall and rise within seconds depending on a number of factors including news events Federal Re

The post Chronoly.io CRNO Presale Sells Out Could it Be The Next Bitcoin Cash BCH or Wrapped BTC WBTC appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideIts never too late to jump into the crypto bandwagon even though the market has been on a downtrend lately. Crypto prices can fall and rise within seconds depending on a number of factors including news events Federal Re

For the first time in roughly 10 days one of the wallets associated with the troubled cryptocurrency hedge fund Three Arrows Capital has moved some funds.Onchain data reveals that the address removed 33 million worth of stETH staked ETH from the Curve liquidity pool alongside roughly 2 million worth of BTC.Data from Etherscan reveals that an address associated with Three Arrows Capital has removed

Troubled loan provider Celsius moved roughly 25000 Wrapped Bitcoin wBTC valued at 528.9 million to cryptocurrency exchange FTX. As a result concerns have been raised by some in the community over the possibility of a dump. The significant payment to the exchange was made when the lending platform cleared the remaining 41.2 million in Maker 8230

After paying back an additional 41.2 million in Dai to decentralized lending platform Maker Celsius Network now can reclaim approximately 450 million worth of BTC locked up as collateral on the protocol.Celsius has been actively paying back its loans to Maker in the past few days in a bid to drastically lower the liquidation price for its Bitcoin collateral.The centralized lending platform made it

The crypto community is concerned that the transfer could lead to the dumping of more than 500 million Bitcoin into the market.

The Horizon Bridge to the Harmony layer1 blockchain has been hit by a major security breach that saw an estimated 100 million worth of cryptocurrency successfully siphoned out of the protocol.Latest DeFi Bridge Exploit Results In 100M Losses For HorizonThe Harmony team announced the news Friday morning confirming that it had identified a theft occurring this morning on the Horizon bridge amounting

Ethereum competitor Avalanche announced new support for native Bitcoin BTC through its bridge solution built on its crypto wallet Core. Following the news its native token AVX spiked higher outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours.Wrapped BTC on AvalancheAva Lab 8211 the foundation behind the smart contracts platform Avalanche 8211 launched a new bridge sol

CryptoSlate recently spoke to Tyler Bond 8220Familiarcow8221 the Communications Director at Nine Realms a company building core infrastructure on THORchain which has just announced a mainnet launch.We talked with Bond about why THORchain was different from other liquidity protocols the issues with DeFi smart contracts anonymous development the future of THORchain and why true decentralization matt