#Wrapped Bitcoin News

Bitcoin Tokenized on Ethereum Is Exceeding Mined BTC

August 17, 2020 by Shaurya Malwa at Bitcoin

The Ethereum-led DeFi token bullrun has created a situation where Bitcoin tokenized on the platform exceeds actual Bitcoin mined, according to on-chain analytics firm Dune Analytics. Bitcoin on Ethereum a Hit Over 1,100 more Bitcoin was represented on the Ethereum blockchain as of August 17, data on Dune Analytics shows....

Compound Protocol Approves 40% Collateral Factor for Wrapped Bitcoin

July 13, 2020 by Aisshwarya Tiwari at Altcoins

Wrapped Bitcoin (WBTC), an ERC-20 token that tracks the price of bitcoin (BTC) can now be used on DeFi protocol Compound (COMP) with a 40% collateral factor. WBTC Goes Live on Compound with 40% Collateral A community proposal floated by Compound holders in May 2020 has finally received the green...

MakerDAO (MKR) Brings DeFi to Bitcoin (BTC) via WBTC

May 4, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

MakerDAO (MKR), a decentralized finance (DeFi) heavyweight, has announced the integration of Wrapped Bitcoin (WBTC) into its ecosystem, to make it possible for holders of the latter to use it as collateral for loans in the Maker Protocol, according to a blog post on May 3, 2020. MakerDAO Now Adopts...

WrappedKitties Trading Sees CryptoKitty Base Price Jump by 50%

June 14, 2019 by Osato Avan-Nomayo at Gaming, News

With more CryptoKitties being converted into WrappedKitties (WCK), the base price of those digital kitties is reportedly up by more than 50 percent. Uniswap cryptocurrency exchange currently allows trading of WCK tokens which unlike CryptoKitties, are fungible ERC-20 tokens. Wrapped Kitties Now Trading on Uniswap Cryptocurrency Exchange In a tweet...

Ethereum-Based “Synthetic Bitcoin” Offers Non-Custodial BTC Exposure

February 28, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Ethereum, News, Tech

Synthetix, a decentralized synthetic asset platform, has launched the first of its kind synthetic Bitcoin on the Ethereum blockchain. This crypto (sBTC) will benefit Ethereum users by giving them non-custodial exposure to bitcoin. This according to a press release published on February 25, 2019. Gain Control of Trustless Bitcoin Satoshi...

Bitcoin Weakens Despite No Crypto-Negative Headlines: BTCManager’s Week in Review Februayr 4, 2019

February 4, 2019 by Alex Lielacher at News

Despite a lack of bitcoin-negative news, the bears have won over the bulls this week, which has resulted in a week-on-week decline in the price of bitcoin by over three percent. The re-application of CBOE and VanEck for a cryptocurrency ETF failed to boost the price of bitcoin, despite the...

Wrapped Bitcoin (WBTC) Keeps its Date, now Live on Ethereum

January 31, 2019 by Priyeshu Garg at News

On January 30, 2019, Wrapped Bitcoin (WBTC) went live on Ethereum blockchain as scheduled. This is a Bitcoin backed ERC20 token aimed at bringing Bitcoin and other cryptocurrencies to the Ethereum mainnet. The community-driven initiative is anticipated to bring in liquidity to the DEX, DeFi sectors. WBTC was launched...