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news-imageSeptember 10, 2024

Crypto Whale Facing Liquidation of $26,470,000 WBTC Position on Compound: Lookonchain

A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday.
Publisher: The Daily Hodl
Sentiment: Negative
COMP
WBTC

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Negative
cover-imageBitcoin
November 24, 2024

$500M WBTC Burned in the Wake of Coinbase's Delisting Move

Five days ago, Coinbase announced plans to remove wrapped bitcoin (WBTC) from its platform on Dec. 19, 2024. In the days following the announcement, the WBTC supply has contracted. Wrapped Bitcoin's Supply Drops by 5,844 Coins in 8 Days On Nov. 16, the WBTC supply on Ethereum was recorded at 146,734 coins.

Positive
cover-imageThe Cryptonomist
October 17, 2024

Kraken launches its own Wrapped Bitcoin token

On October 17, 2024, Kraken, one of the leading cryptocurrency exchanges in the world, announced the launch of its own Wrapped Bitcoin token, named kBTC. This token represents a tokenized version of Bitcoin (BTC) and promises to further strengthen Bitcoin's position as the “epicenter of cryptocurrencies”, according to the company.

Positive
cover-imageCryptoSlate
October 10, 2024

Threshold Network proposes bold plan to further decentralize WBTC

Threshold Network has proposed further decentralizing BitGo's Wrapped Bitcoin (WBTC) amid its recent challenges in the DeFi market. On Oct. 9, Matt Luongo, founder of the Bitcoin-focused venture studio Thesis, outlined the goal of expanding the number of signers involved in managing the WBTC asset using the Threshold Network.

Positive
cover-imageProactive Investors
October 7, 2024

Crypto.com and 21Shares team up on ‘wrapped bitcoin' project

Cryptocurrency exchange Crypto.com and crypto fund manager 21Shares have announced a strategic partnership aimed at bolstering the liquidity of 21Shares' Wrapped Bitcoin product (21BTC). Through the partnership, 21Shares will source liquidity from Crypto.com, which currently has around $2 billion in bitcoin under custody (according to CoinMarketCap).

Neutral
cover-imageBitcoin
September 25, 2024

Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding

BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo's CEO Mike Belshe and a vote from Sky community members.

Positive
cover-imageThe Daily Hodl
September 23, 2024

Coinbase New Wrapped Bitcoin (cbBTC) Coming to Solana, Says Crypto Exchange's Executive

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.

Positive
cover-imageTokenpost
September 23, 2024

Coinbase's Wrapped Bitcoin cbBTC Heads to Solana—Surprise Breakpoint 2024 Announcement Electrifies

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.

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