Wrapped Bitcoin

On-chain data shows Shiba Inu is among the altcoins that have enjoyed a sharp uptick in interest from the whales over the past week. Shiba Inu Whale Transaction Count Has Just Seen A Massive Surge In a new post on X, the on-chain analytics firm Santiment has discussed about the trend in the Whale Transaction Count for various top altcoins. The “Whale Transaction Count” here refers to an indicator that keeps track of the total amount of transfers happening on…

Chainlink whales are once again on the move in what seems to be a general reawakening. Large transactions on the blockchain network have ballooned recently, alongside a drastic increase in active addresses, hinting at a notable development. Therefore, in this report, we take a look at the significant increase in whale transactions and active addresses, as well as what could have triggered this burst of interest on the previously muted blockchain. Chainlink Whale Volumes Rises 295.93% According to data from…

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 Initiative (ACI), is opposed to this move. Aave Community Debates WBTC Proposal The proposal highlights concerns stemming from BitGo’s custodial transition for WBTC. In August, BitGo announced its plan to transfer control of WBTC to a joint venture with BIT Global, a partnership that…

Crypto exchange Coinbase has announced plans to add native support for its wrapped Bitcoin product, cbBTC, on the Solana blockchain. On September 21, Hassan Ahmed, Coinbase’s Country Director for Singapore, revealed this during the ongoing Solana Breakpoint conference. Solana Users to Gain Native Access to Coinbase’s cbBTC Ahmed stated that the move is driven by Base users’ enthusiasm for Solana. Once implemented, Solana users will gain access to Coinbase’s recently launched cbBTC. “We recently launched cbBTC on Base, but our…

Prominent altcoin Solana was one of the major headliners recently, notching an 8.22% gain in the last seven days, according to data from CoinMarketCap. This positive performance saw Solana climb as high as $150, a price mark last seen in late August. The sentiments around the fifth-largest cryptocurrency are largely bullish, however crypto analyst Ali Martinez has released certain cautionary notes for investors. Solana’s Price Breakout Crucial To Avoid Slip To $85 In an X post on Sunday, Ali Martinez…

Singapore, Singapore, September 18th, 2024, Chainwire MatrixPort, a leading digital asset financial services platform and exSat, a breakthrough Bitcoin scalability solution, have entered into a comprehensive strategic partnership. By leveraging their respective strengths, they aim to accelerate the growth and application of the Bitcoin ecosystem, marking the start of a new era in Bitcoin development. MatrixPort, a global one-stop digital asset financial services platform, brings extensive industry experience, robust technology, and a large user base to offer secure, convenient, and…

New York, NY, September 17th, 2024, Chainwire tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem  Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin…

Coinbase has addressed recent rumors that it was issuing Bitcoin IOUs to BlackRock for its spot exchange-traded fund (ETF) product. These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, cbBTC. Coinbase Clarifies ETF Operations Amid Bitcoin IOU Rumors On September 14, crypto analyst Tyler Durden suggested that Coinbase was issuing BTC IOUs to BlackRock. This would mean BlackRock could borrow Bitcoin to short it without proving they held a 1:1 ratio. Durden referenced Cryptoquant…

As the crypto bull gears up for a roaring comeback, crypto users on the hunt for fast and reliable platforms are eager to ride the wave. Among the chatter, one name stands out: ChangeNOW, a crypto exchange known for zippy 5-minute transactions. What’s also cool is that users can stay updated on their crypto swap status in real-time, right on the platform's exchange page.  But what else can this limitless exchange bring to the table? In the following review, we'll…

With the major cryptocurrencies regaining lost ground against the bears, the market has returned to the $2 trillion market cap level. This led to huge gains in the altcoin market as the tokens rode the bullish wave. AAVE is one of the largest gainers this week with a whopping 20% uptick.  This is largely due to the return of bullish sentiment in the market and positive on-chain development which drove speculation for the token. With the upcoming release of the…

Betting at the best offshore sportsbooks offers more than just a chance to wager on your favorite games; it provides significant advantages like better odds, broader game selections, and more generous promotions than many onshore alternatives. As experts and enthusiasts in sports betting, we've scoured the industry to bring you the top contenders. Our top pick is BetOnline, recognized for its robust offerings and solid reliability. Stay tuned, though, as we also highlight other notable names in our list. 10…

The post Breaking Down the BTC Revolution in 2024: A Q&A with pSTAKE Finance Founder Mikhil Pandey appeared first on Coinpedia Fintech News Thanks to upgrades and improvements in 2024, Bitcoin’s emerging DeFi sector, BTCFi, is booming. With new utility for crypto’s most dominant coin, projects are racing to provide new products and services like liquid staking so users can make the most out of their holdings. I sat down with Mikhil Pandey, founder of Binance-backed Bitcoin yield and liquid…

21Shares has introduced its Wrapped Bitcoin on the Ethereum blockchain, marking its second launch of this product after its debut on Solana. WBTC continues to draw attention, especially after BitGo announced plans to shift its custody to a new multi-jurisdictional model. 21Shares Introduces Second WBTC The Wrapped Bitcoin, branded as 21BTC, emerges from a partnership between 21.co, the parent company of 21Shares, and global market maker Flow Traders. According to the announcement, 21BTC is designed to provide users with “peace…

The post XRP to Moon: Ripple To Expand XRP Ledger with Ethereum-Compatible Smart Contracts appeared first on Coinpedia Fintech News Ripple is set to introduce Ethereum-compatible smart contracts to the XRP Ledger through a new sidechain. As reported by Coindesk, this sidechain will allow for more than just basic transactions, enabling complex applications like decentralized exchanges and token issuance. The development will also leverage the Axelar network for cross-chain token transfers, with Wrapped XRP serving as the primary token on…

Tel Aviv, Israel, September 3rd, 2024, Chainwire Qtum is a blockchain platform designed to address major challenges in blockchain technology. By leveraging the strengths of Bitcoin and Ethereum, Qtum's goal is to establish a unified, secure, and scalable ecosystem. This ecosystem enables seamless interaction between different blockchain networks, leading to improved efficiency, accessibility, and ecosystem growth. To further their vision, the Qtum team developed the Qtum Metamask Snap, which represents a significant advancement in promoting efficiency and accessibility in the…

The post Ethereum and Shiba Inu Plummet; DTX Exchange Prepares to Reshape $10B Global Trading Market appeared first on Coinpedia Fintech News Crypto prices are tumbling like a house of cards. With no bullish catalyst driving the market, sentiment is largely bearish and cautious, resulting in a significant decline in Ethereum’s (ETH) and Shiba Inu’s (SHIB) value. However, presale tokens are faring better, especially those with real-world use cases—not memes. DTX Exchange (DTX), a novel altcoin aiming to reshape the…

The post Smart Money Address Makes $14 Million In Profit By Selling WBTC! appeared first on Coinpedia Fintech News A smart money address has made over $14 million in profit by selling Wrapped Bitcoin (WBTC). According to on-chain data from Arkham Intelligence, the smart whale address “ox3c9” liquidated its Wrapped Bitcoin holdings accumulated over the past 10 months, making a staggering $14.26 million profit. The address initially started bagging coins from Binance in October 2023, totaling his holdings to 618…

The post Donald Trump’s $3.6M Crypto Secret and $7.2M NFT Jackpot Found appeared first on Coinpedia Fintech News As the 2024 election heats up, former President Donald Trump is making headlines with his $3.6 investments in cryptocurrency and a surprising windfall from NFTs. Recent financial disclosures have shed light on Trump’s growing crypto portfolio and his impressive earnings from digital assets.  These substantial holdings highlight his positive stance on cryptocurrency and contribute to increasing optimism in the crypto market. Trump…

Coinbase indicated plans for a cbBTC against the backdrop of Wrapped Bitcoin (WBTC), which has become controversial in crypto. While the product’s details are still unknown, Coinbase appears ready to dominate the market once again. Coinbase Gains Market Edge On WBTC Controversy The exchange’s announcement of a cbBTC turned heads, with pre-launch registration already live. Coinbase Layer-2 (L2) network Base hinted that it would run atop its blockchain, making it an alternative Bitcoin on Base, but this remains unclear. It…

Source: Depositphotos The multi-chain landscape and Bitcoin have inched closer following Aurora Labs’ release of a Bitcoin Light Client and Relayer. Their deployment brings reliable Bitcoin data to NEAR for the first time, allowing developers to create dapps that execute smart contracts based on BTC onchain activity. The move is a precursor to deeper Bitcoin integration on NEAR. Light Client Brings Bitcoin Closer to NEAR  Interoperability on NEAR has been given a major boost with the deployment of dual Bitcoin-based…

BitGo, a leading crypto custodial platform, will shift its Wrapped Bitcoin (WBTC) to a new multi-jurisdictional and multi-institutional custody model. This decision has raised concerns in the crypto community, particularly because of the involvement of Justin Sun, founder of the TRON blockchain. On August 9, BitGo revealed a 60-day transition period. The company plans to expand its custodial locations to include Hong Kong and Singapore. Sun’s Role in WBTC Custody Sparks Concerns In response to this development, prominent DeFi platform…

Many people believe it was the approval of the first Bitcoin ETFs that sparked crypto’s bullish run in early 2024. They clearly enabled the flow of millions of dollars in capital from traditional finance into Bitcoin itself, but the crypto industry itself also created a lot of excitement with the arrival of Bitcoin’s Ordinals and Runes protocols, which were born out of the evolving “programmability” of the world’s oldest blockchain.  The Ordinals protocol came to life in January 2023, giving…

Key Takeaways BitTorrent Chain is the core infrastructure for incentivizing multiple BitTorrent products, such as the original BitTorrent torrent tracker, BTFS file storage system, and DLive streaming platform. BTTC is a cross-chain multi-layer protocol that enables seamless asset interoperability between Ethereum, TRON, and BNB Chain, rather than a classic chain. The $BTT token is used not only for gas fees but also for faster file distribution in BitTorrent, rewarding validators, paying for BTFS storage, purchasing BitTorrent X services, serving as…

AVAX continues to rush forward to greater heights with the token reaching $28.74 since last week. This has been the biggest push by the bulls, influenced by the growing market confidence fueled by Bitcoin’s rally to $60k. Avalanche’s dev team is also hard at work with multiple on-chain news supporting this most recent price action. AVAX Gaming Grows With More Projects Although the gaming side of crypto is still relatively small, platforms like Avalanche provide developers with a stable and…