Coinbase set to delist WBTC amid cbBTC expansion
Coinbase announced via an X post on Tuesday that it will suspend WBTC trading across all its platforms on December 19.
Coinbase announced via an X post on Tuesday that it will suspend WBTC trading across all its platforms on December 19.
Coinbase has officially announced plans to suspend trading for Wrapped Bitcoin (wBTC) starting December 19, 2024. Users will retain the ability to transfer their wBTC tokens off the exchange even after the delisting. The crypto exchange stated that t
Threshold Network has proposed further decentralizing BitGo’s Wrapped Bitcoin (WBTC) amid its recent challenges in the DeFi market. On Oct. 9, Matt Luongo, founder of the Bitcoin-focused venture studio Thesis, outlined the goal of expanding the numbe
WBTC’s total value locked abruptly fell 99% on DeFi Llama.
WBTC bridges the gap between BTC and ETH. Yet, AAVE has reaped the most benefits, amassing 37K WBTC in supply.
BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token have been addressed and new recommendations will be put to a vote on Oct. 3.
LlamaRisk, Aave’s risk service provider, has proposed reducing the loan-to-value (LTV) ratio of BitGo’s Wrapped Bitcoin (WBTC) to zero on the DeFi lending platform. However, the Aave community, including Marc Zeller, founder of the Aave Chan Initiati
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James Fickel, a crypto investor, lost $43.7M in BTC/ETH trades after borrowing $172M in WBTC, leaving him with a $132M debt on Aave, per Lookonchain data.
Bitcoin faces liquidation risks near $50K, but historical trends suggest a potential price rebound.
As per Polyhedra Network, BitGo has selected the DVN to improve the protection of the cross-chain transactions of WBTC through LayerZero.
A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday. According to on-chain data tracker Lookonchain, a deep-pocketed whale with an Ethereum (ETH) address beginning
[PRESS RELEASE – Vancouver, Canada, August 30th, 2024] TeleportDAO today announced the availability of a new feature on its TeleSwap protocol, enabling users to seamlessly swap Wrapped Bitcoin (WBTC) for native Bitcoin (BTC) in a fully decentralized
Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the decentra
Under the plan, BitGo would become “the largest holder” of Threshold’s T token while also transferring control of the WBTC mint mechanism.
Justin Sun is considering reducing fees on the TRON blockchain amid the ongoing SunPump craze, which involves meme coins built on the network. SunPump, a platform for token generation, is driving the latest market euphoria. It has propelled TRON meme
A new whale has withdrawn 533.5 BTC ($31M) from Binance, aligning with a trend of 4,046 BTC and WBTC ($239.5M) from CEXs by other whales.
Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
Coinspeaker Coinbase Hints at Its Potential cbBTC amid WBTC Controversy The US-based crypto exchange Coinbase has hinted at the launch of a new product tagged cbBTC through a post on their X page. Coi
Justin Sun is now involved with the WBTC products offered by BitGo, but his history with this type of product raises concerns.