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...
Tag: Wrapped
Wrapped Bitcoin DAO removes FTX, nine others in move to new multisig
WBTC DAO, the community that administers the Wrapped Bitcoin (WBTC) project, is moving to a new smart contract multisig, replacing signers that are no longer active. The new set of signers will be res...
Wrapped Ether (WETH) Design Bugs Unveiled by Analyst
Vladislav Sopov Stephen Tong, co-founder of blockchain security firm Zellic, found bugs in most popular smart contract ever Contents Analyst checked accuracy of total WETH supply and its solvency: Res...
Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable
Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline. According to data f...
Wrapped tokens issued by FTX or Alameda collapsing, no longer redeemable
Wrapped tokens on Solana issued by FTX or Alameda Research are experiencing sharp declines after both entities filed for Chapter 11 bankruptcy protection. The price of wrapped bitcoin on Sollet ...
Bitgo Reveals Wrapped Dogecoin Token Built on Ethereum – Altcoins Bitcoin News
On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The comp...
Beware of Wrapped Bitcoins – The Cryptonomist
So-called Wrapped Bitcoins are tokens issued on blockchains that are different from Bitcoin’s blockchain but represent precisely BTC, especially its price. Wrapped Bitcoin (WBTC) The most famous and ...
MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes
MakerDAO, the governing body of the Maker Protocol, has seen its revenue plummet in the third quarter of 2022, caused by a fall in loan demand and few liquidations, while expenses have remained high. ...
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...
Nexo Clarifies Over $153M Worth Wrapped BTC Withdrawal
2 seconds ago | 2 mins read Defi News Earlier, officials in Kentucky claimed that Nexo was insolvent. Nexo created three loans and sent $530 million to MakerDao. A cryptocurrency wallet address identi...
NEXO-Tagged Address Withdraws Wrapped Btc Worth $153 Million USD From MakerDAO. – crypto.news
The Nexo-addressed Crypto pocketbook makes a large withdrawal of wrapped Bitcoin (wBTC) of up to $153 million USD from MakerDAO. This development comes amidst a predicted drop in NEXO rates. Nexo Take...
What is wrapped Ethereum (wETH) and how does it work?
Traders who use the Ethereum network are familiar with the ERC-20 technical standard and have most likely traded and invested in tokens that utilize it. After all, its practicality, transparency and f...
Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO
Disclaimer: This article has been updated to reflect Nexo’s response stating that the fund transfer represents an operational transfer, involving the move of funds from one Nexo address to anoth...
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...
Celsius Revival Hinges on “Crypto-Based Solutions and Tradable Wrapped Assets” – crypto.news
A new recording has emerged of Celsius Network Co-founder Nuke Goldstein discussing the plan to use “crypto-based solutions” to repay its Earn customers and revive the company’s fortunes. Crypto Lende...
Celsius to Create Tradable Wrapped Tokens
12 seconds ago | 2 mins read Exchange News The wrapped tokens will be redeemable by Celsius customers for a particular ratio. In July, Celsius sought Chapter 11 bankruptcy protection. A new record has...
Celsius Revival Plan Appears To Include Issuing Wrapped Assets
One more recording of Celsius’ administration shows the company’s proposition incorporates giving tradable wrapped resources to clients Customers can redeem their wrapped tokens Celsius should introd...
Celsius May Repay Customers With Wrapped Assets
Executives at Celsius Network are proposing to pay back customers by issuing new wrapped assets to trade on other platforms, a new leaked recording revealed. In the recording posted by Tiffany Fong, C...
Celsius Looking To Pay Back Customers With New Wrapped Assets
The post Celsius Looking To Pay Back Customers With New Wrapped Assets appeared first on Coinpedia Fintech News Celsius executives seem to be considering putting forward a proposal to pay back custome...
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...
Binance To Temporarily Suspend Withdrawals and Deposits of Ethereum and Wrapped Ether To Prepare for the Merge
Top crypto exchange Binance is taking steps to prepare for Ethereum’s (ETH) merge to a proof-of-stake consensus mechanism. The merge is currently expected to happen in about one week, according to the...
Wrapped Dogecoin (WDOGE) Starts Trading on MEXC Global
Alex Dovbnya wDoge, one of native cryptocurrencies of Dogechain, has been listed by MEXC Global exchange Wrapped Dogecoin (wDOGE), a synthetic version of the most popular meme coin, has been listed on...
Coinbase launches a new wrapped token
In preparation for the Ethereum Merge transition, Coinbase unveiled its wrapped token base on the Ethereum network. The prominent America-based crypto exchange revealed the name of the wrap token as “...
Coinbase Announces cbETH Wrapped Ethereum Staking Token
As the crypto world prepares for the Ethereum merge next month, popular crypto exchange Coinbase announced on Wednesday the launch of cbETH, its new wrapped and staked Ethereum ERC-20 token. Coinbase ...
Coinbase Introduces Wrapped Staked ETH Utility Token in Anticipation of Merge
Coinbase has introduced a utility token called Coinbase Wrapped Staked ETH (cbETH) which can be traded out of the exchange and used in DeFi. Coinbase has announced that it will give those who stake ET...
Coinbase Introduces Wrapped Staked ETH
ETH Price at the time of writing – $1,703.71 Lido Finance revealed that it would start selling staked Ethereum on Layer 2 networks The switch will significantly reduce the energy used by the network F...
Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge – Bitcoin News
The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrap...
Coinbase Introduces cbETH Wrapped Ethereum Staking Token
5 hours ago | 2 mins read Editors News Coinbase clarified that cbETH’s pricing is not intended to mirror Ethereum’s. Trading of the cbETH-USD pair will start in stages as per the exchange. Coinbase, a...
Coinbase Launches cbETH Wrapped Ethereum Staking Token Ahead of Merge
Coinbase has announced plans to add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network. The cryptocurrency exchange is allowing customers who stake ETH to receive a liquid represe...
Coinbase Introduces Wrapped Staked ETH Token
Key Takeaways Coinbase has announced cbETH, a liquid wrapped token that will represent ETH staked on its platform. Coinbase intends for users to circulate cbETH, as staked ETH might otherwise remain l...
Polkadot Now Has a Decentralized Version of ‘Wrapped’ Bitcoin
Users deposit bitcoin into the vaults in exchange for iBTC. At this point, the bitcoin is locked in the vault while vault collateral is locked by the Interlay network. Users then return iBTC to the va...
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...