Wrapped Bitcoin News

As Bitcoin (BTC) grapples with resistance near the $30,000 level after a week of fluctuations, Compound (COMP) rises by 10% in 24 hours. At the beginning of the week, Bitcoin opened with a certain price, and since then, it has…

According to the on-chain security and data analytics company PeckShield, two wallet addresses, marked as the bankrupt Celsius Network, have awakened again.  Per the tweet, the address 0x845…f212c has moved roughly 10,628 wrapped bitcoin (WBTC), worth around $250.3 million at…

Investors burn a record high of 10,000 WBTC worth $170 million at the moment amid a slump in DeFi, the market data shows. The volume of WBTC has decreased over the last week. As of December 6, the supply of…

Bitcoin-backed Wrapped Bitcoin (WBTC) tokens have been trading at a discount compared to their Bitcoin backing ever since the fall of major crypto exchange FTX. Market data provided by Done shows that Wrapped Bitcoin has been consistently trading at a…

MarkDAO the Dai stablecoin issuer passed a 100% governance vote to remove the Alameda backed renBTC collateral.

The Acala Network released the full trace results report regarding all addresses involved in the aUSD incident. Mid August, Acala Network’s aUSD stablecoin depegged by more than 99%, forcing the Acala team to pause a hacker’s wallet, raising concerns about…

Losses, debts, investors losing faith, we could say Celsius has been one of the most hard-hit startups in the current crypto winter period. The crypto world is somewhat calling for Celsius’ head on a platter, owing to the huge chunks…

Celsius Network LLC, the troubled crypto lending company that made news after restricting its half-a-million users from withdrawing funds owing to the crypto market turmoil, has finally fully paid off its loan on MakerDAO. Celsius Completely Pays off Maker Loan…

Wrapped Bitcoin (WBTC) is the recent innovation that allows effectively integrating Bitcoin with Ethereum’s network. WBTC enables Bitcoin users to effectively participate in DeFi operations by receiving access to the required liquidity that may assist them in implementing their plans.…

Badger DAO, an Ethereum-based decentralized finance (DeFi) protocol on absorbing Bitcoin liquidity, recently announced its partnership with Yearn.finance. Work in Progress Launched in December, BadgerDAO is a project that promotes bitcoin adoption (i.e., tokenized bitcoin iterations such as WBTC and…

Last year, Bancor proposed the BNT Liquidity Mining (LM) program to bring new liquidity into its pool and create rigidity to stimulate long-term liquidity.  BNT Liquidity Rewards on Bancor As of today, BNT liquidity returns are now available on the…

Bitcoin has made it to TRON. Thanks to the efforts of BitGo, which partnered with TRON last year to implement the integration, WBTC has now launched on TRON. This means that BTC, or its wrapped token equivalent, can now be…

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…

Highlighting the increasing utility of Ethereum and the position of DeFi, the number of BTC on the pioneer smart contracting platform continues to swell. On July 31, 2020, there were 20,309 BTC ($227.3 million) on Ethereum versus the 996.37 BTC…

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…

Decentralized Finance (DeFi) projects Ren Protocol, Synthetix, and Curve, are launching Bitcoin liquidity incentives to rival Ethereum-centric DeFi frameworks, reported Decrypt on June 25. Yield Farming Frenzy Yield farming has been the flavor of cryptocurrency since May 2020, ever since…