press release PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Mint...
Tag: wBTC
Data Shows Ribbon Finance Scooped up a Lot of LDO and WBTC
Lookonchain tweeted that Ribbon Finance bought a lot of LDO and WBTC in the last 24 hours. According to the tweet, Ribbon Finance bought $2.28 million worth of LDO and 1,036 WBTC. The price of LDO has...
Crypto lender Celsius converts almost 23,000 WBTC into bitcoin
Beleaguered crypto lender Celsius converted 22,962.8 WBTC into bitcoin on Feb. 28. The transaction occurred with the consent of the Celsius creditor committee, according to a filing in the lend...
WBTC Supply Drops 15% as Celsius Burns 22,732 Tokens in Two Days
A Celsius-funded wallet burned 22,732 WBTC in two days. WBTC total supply falls to 153,164, the lowest since March 2021. Dwindling WBTC supply is linked to the challenges faced by the crypto industry ...
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. A total of 11,500 wBTC ($260 million) linked to now-bankrupt crypto lend...
WBTC, LINK, SHIB, SAND Are The Top ERC-20 Tokens To Buy
Wrapped Bitcoin is one of the cryptos showing some promise this year. LINK is currently the 21st biggest crypto in terms of market capitalization. SHIB is currently worth about $0.00001239 after a 3.1...
WBTC supply on Ethereum dropped 35% since LUNA collapse
Wrapped Bitcoin (WBTC) supply on Ethereum (ETH) plunged by over 35% to 183,450 since Terra (LUNA) collapsed in May 2022, according to Glassnode data. WBTC’s market cap fell to as low as $3.10 billion ...
SHIB Burn Rate 5,761% Up as Shiba Inu Surpasses Wrapped Bitcoin (WBTC) by This Metric
Yuri Molchan SHIB army greatly increases burn rate as meme coin has reached several milestones by now Contents SHIB burn rate jumps 5,761% SHIB outperforms WBTC, whales buy more Shiba Inu WhaleStats o...
SHIB Surpasses WBTC: Shiba Inu burns at 5,761% rate
SHIB rate jumped to 5,761%. The mem coin surpassed WBTC in volumes on Ethereum. ETH whales have been gobbling up SHIB. The trading volume of the asset somehow affects its price, and lately, the indus...
Most Anticipated Asset-backed Blockchain Projects of 2022: GLTM, WBTC, SDBN2
Real asset-backed platforms are the emerging trend in the blockchain market that everyone talks about nowadays. The havoc triggered by the lack of transparency and security in the crypto industry pave...
BitGo CEO Confirms Alameda Research Tried to Regain 3000 wBTC
Over a month has passed since FTX filed for bankruptcy under the Chapter 11 Bankruptcy Code. Alameda Research, sibling trading firm of the crypto exchange, was reported to be gathering cash prior to t...
BitGo declined Alameda’s attempt to redeem 3,000 WBTC
BitGo CEO Mike Belshe revealed that the firm declined Alameda Research’s request to redeem 3,000 Wrapped Bitcoin (WBTC) a few days before its bankruptcy in a Dec. 14 Twitter space. Belshe said BitGo d...
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11. Durin...
Analyzing the WBTC FUD after the FTX collapse and its depeg
Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. This allows it to be used in Ethereum-based decentralized finance (DeFi) applications. WBTC is bac...
Record amount of WBTC worth $170m burnt in one day
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 sup...
Build DeFi Apps, GameFi, And NFTs On The BTC Network With wBTC Chain
Creating NFTs, GameFi, or even decentralized applications can be a hassle, especially when you intend to create them on the BTC network, and that’s why a project like wBTC Chain was launched. wBTC Cha...
Unusual Wobble in Wrapped Bitcoin Showed Trader Fear
The collapse of FTX has put crypto market participants on edge. You see it in the embrace of unsubstantiated, doomsday Twitter chatter, no matter how fanciful. And you see it in the decoupling o...
WBTC depegs from BTC: The fear is real
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 (WBTC) is in no danger on Ethereum
The major version of Wrapped Bitcoin on Ethereum (WBTC) has seen a panic crisis following some reports on Twitter. In fact, WBTC has been trading at a persistent discount to BTC since mid-November, fa...
Wrapped Bitcoin (WBTC) Depeg Linked To Alameda Research?
Wrapped Bitcoin (WBTC) Depeg News: Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the rumors...
wBTC Slightly Depegs on Alameda Rumors – Trustnodes
One wBTC is currently not one BTC for the first time since this tokenized dollar launched in 2018. One wBTC is currently worth 0.99 bitcoin, a small difference that nonetheless systematically amounts ...
Snowfallprotocol.io (SNW) Replaces Wrapped Bitcoin (WBTC) and Uniswap (UNI) as Passive Income Investors’ Hot Favorite This Month
Wrapped Bitcoin and Uniswap tokens were created with two very different purposes, and their mandate goes beyond mere financial transactions. Wrapped bitcoin intends to bring the benefits of DeFi use c...
Users Panic as Nexo Withdraws 7,758.8 WBTC from MakerDAO
There has been panic in the digital space amidst rumors of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labeled as Nexo Ox8fd. This comes j...
Wrapped Bitcoin Locked on MakerDAO Falls to 2022 Low After Nexo Withdraws Massive Amount of WBTC: Santiment
Blockchain analytics firm Santiment says that crypto lender Nexo has pulled a huge portion of Wrapped Bitcoin (WBTC) off of decentralized finance (DeFi) platform MakerDAO following the firm’s legal tr...
Chronoly.io (CRNO) Presale Sells Out, Could it Be The Next Bitcoin Cash (BCH) or Wrapped BTC (WBTC)?
It’s 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...
What is Wrapped Bitcoin (WBTC)? Explained as Simple as ABC
Wrapped Bitcoin (WBTC) is an ERC-20 token backed by bitcoin. You can exchange it for bitcoin on a ratio of one to one (1:1). An ERC-20 token, on the other hand, is a digital asset issued on the Ethere...
Wrapped Bitcoin Price Prediction — Will WBTC Hit $60K Soon?
Bullish WBTC price prediction is $21,030 to $52,370. WBTC price will also reach $60K soon. WBTC bearish market price prediction for 2022 is $12,871. In Wrapped Bitcoin (WBTC) price prediction 2022, we...
Celsius Withdraws All wBTC From Aave Amid CEL Short Squeeze
Celsius has withdrawn all wBTC collateral from the Aave wallet and has only a few wBTC left in the Compound wallet. Moreover, the crypto lender has paid off another 40 million in USDC for its Aave loa...
Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?
Embattled lending platform Celsius has transferred nearly 25,000 Wrapped Bitcoin (wBTC), worth $528.9 million, to crypto exchange FTX, prompting concerns from some in the community about whether a dum...
What is Wrapped Bitcoin (WBTC)? A Beginner’s Guide
In brief WBTC is an Ethereum ERC-20 token that represents Bitcoin and can be swapped on a 1:1 basis for BTC. BTC holders can use WBTC to participate in Ethereum’s decentralized finance (DeFi) ec...