In this way, anyone will be able to verify on-chain, even in an automated manner, the state of the reserves of this wrapped Bitcoin.

21.co integrates Chainlink Proof of Reserve for 21BTC increasing transparency on Solana and Ethereum blockchains.

The integration comes as other Bitcoin wrappers face scrutiny for custody practices.

The integration comes as other Bitcoin wrappers face scrutiny for custody practices.

21.co, the parent company of asset management firm 21Shares, has integrated Chainlink Proof of Reserve on the Ethereum and Solana mainnet to bolster transparency of its wrapped Bitcoin product, 21BTC, according to a Sept. 23 statement.

Top US-based crypto exchange Coinbase says its wrapped version of Bitcoin (BTC) is coming to the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Coinbase executive Hasan Ahmed says the crypto exchange is introducing Coinbase Wrapped Bitcoin (cbBTC) to the Ethereum (ETH) competitor's blockchain.

21.co, the parent company of crypto exchange-traded products issuer 21Shares, has integrated the Chainlink Proof-of-Reserve to enhance the transparency of its wrapped Bitcoin. According to a press release on Sept.

TL;DR 21.co has integrated Chainlink Proof of Reserve on the Solana and Ethereum mainnets to enhance the transparency of its Wrapped Bitcoin (21BTC). 21BTC, launched in May 2024, is a native token fully backed 1:1 by Bitcoin reserves, which are held in cold storage and under institutional custody.

21.co's integration of Chainlink Proof of Reserve enhances blockchain transparency and security, potentially boosting trust and adoption in tokenized assets. The post 21.co adds Chainlink Proof of Reserve for 21BTC transparency appeared first on Crypto Briefing.

A new multi-trillion-dollar market opportunity could send the value of Chainlink soaring.

Analysis of refund policies and the regulatory context.

Coinbase surprised attendees at Breakpoint 2024 by announcing plans to roll out cbBTC wrapped Bitcoin on Solana, sparking immediate enthusiasm and positioning the asset for broader use across popular blockchain networks. At the Breakpoint 2024 event, Hassan Ahmed, Coinbases country director for Singapore, recently announced intentions to bring Coinbases new cbBTCa wrapped Bitcoin assetto the Solana network.

Chainlink (LINK), the decentralized oracle network, confirms its leadership position in the crypto ecosystem by showing exceptional development activity. According to the latest data from the analysis platform Santiment, Chainlink outperforms all other ERC-20 projects, including Ethereum itself.

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.

Coinbase launched cbBTC on September 12, and within a week, the token has become the third-largest Wrapped Bitcoin in the market.

The decentralized oracle network Chainlink (LINK) continues to outpace all other ERC-20 projects in terms of development activity, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Chainlink registered 624.

Chainlink saw a massive transfer to the Binance exchange in the last 24 hours, raising speculations about how the price would react.

Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

Chainlink (LINK) recently unlocked and transferred 18.75 million LINK from five non-circulating supply addresses, according to data provided by Etherscan.

Chainlink's price has surprised many with a massive breakout of a 20-month-long consolidation in Q4 2023. Now that the markets are entering the Q4 2024 trade, a similar breakout is expected to occur, but if the token archives certain levels.

Oracle service provider Chainlink has once again unlocked LINK tokens earlier today on binance, as part of their scheduled unlocking. Despite this supply increase in the market, if history repeats, the LINK price could be gearing up for a major rally going ahead.

LINK's Long/Short ratio currently stands at 1.022, indicating bullish market sentiment among traders.

Sky may be the first of many to toe this path.

Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process.

Sky, a major DeFi lending protocol, has voted to remove wrapped Bitcoin as collateral due to concerns over its custodian's affiliation with Justin Sun

With WBTC being phased out, the protocol is now exploring alternative wrapped Bitcoin solutions.

Sky, formerly known as Maker, is divesting its wrapped Bitcoin following a community governance vote that was finalized on September 19.

The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.

The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.

Chainlink's (LINK) price has risen above $11 following the recent Fed rate cut. This increase has ignited fresh speculation about the coin's short-term outlook.

This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase's cbBTC stepping up to challenge Bitgo's long-established reign.

Chainlink (LINK) has captured the attention of cryptocurrency enthusiasts and analysts alike with its promising potential. As we move into 2024 and beyond, many are asking: Can LINK price reach $100 by 2025?

Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out.

Chainlink (LINK) price has recently witnessed a modest decline. Over the previous few days, despite a generally bullish trend, the price of LINK has been closely interacting with a key support level.

Chainlink is facing increasing bearish pressure as its price continues to edge lower, signalling a potential move toward the further downside. After a period of consolidation, the bears have regained control, pushing Chainlink closer toward the $9.28 support level.

Crypto custodian BitGo is set to enter the stablecoin market with plans to launch a dollar-backed USDS stablecoin by 2025, according to a Sept. 18 statement.

Chainlink (LINK) is making waves in the cryptocurrency world with its recent bullish signals. As the 14th largest cryptocurrency by market cap, LINK is capturing the attention of traders and investors alike.

TL;DR Fireblocks and Chainlink Labs have joined forces to provide a comprehensive solution for the issuance and management of stablecoins, ensuring security and compliance in global transactions. The combined technology will offer a real-time view of assets, reserves, market value, and total supply, spanning multiple blockchains.

The Cross-Chain Liquidity Operator (CCLO) is like a magic bridge that helps Uniswap work better across different blockchain networks. Here's what you need to know about this development for Uniswap and Chainlink.

The partnership is expected to play the vital role of easing the entry of banks and financial institutions into the stablecoin market.

Chainlink Labs and Fireblocks have teamed up to offer a secure and compliant technology solution for financial institutions like banks.

Chainlink Labs joins forces with Fireblocks to advance stablecoin issuance and management among banks and institutions.

Chainlink shows bullish potential with rising liquidity, strong holdings, and support.

Chainlink Labs has inked a strategic deal with Fireblocks to deliver a compliant and secure solution for banks and institutions to issue and use stablecoins across universal financial markets. The move comes after Wenia tapped Chainlink and Fireblocks to launch the COPW stablecoin early in 2024.

Chainlink (LINK) price is currently trading under the $12.35 resistance level, which has been a key barrier in preventing the cryptocurrency from flipping $13.00 into a support floor.

Fireblocks and Chainlink Labs have announced a strategic collaboration to provide banks with a technology solution for issuing and managing regulated stablecoins.

Chainlink Labs and Fireblocks have partnered to create a comprehensive technology solution for banks and financial institutions to issue and manage stablecoins