Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,403,738,990,227.88
  • 24h Vol: $55,630,174,149.64
  • BTC Dominance: 56.54%

WBTC

cryptoquant:-coinbase’s-cbbtc-could-challenge-bitgo-in-wrapped-bitcoin-market

Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market

Leave a Comment / Bitcoin, BitGo, Blockchain, cbBTC, Coinbase, Crypto Hacked, Cryptocurrency, Cryptoquant, decentralized finance, Ethereum, News, WBTC, wrapped bitcoin / / / , , , , , , , , , ,

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. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin token, cbBTC, in mid-September 2024, and it has swiftly expanded to a supply of 1,670 cbBTC, according […]

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Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base

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Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive

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dfinity-foundation-launches-chain-key-bitcoin,-a-native-internet-computer-btc-derivative-token

Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token

Leave a Comment / Altcoins, Bitcoin, BitGo, Blockchain, Blockchain network, blockchain technology, Bridges, Chain-Key Bitcoin, ckBTC, cross-chain technology, Crypto, Crypto Hacked, Cryptocurrency, custodians, decentralized applications, decentralized finance, DEX, dfinity, Dfinity Foundation, Digital Assets, Digital Currency, Distrikt App, Ethereum, Iclighthouse, ICP, ICP nodes, ICP-based, interoperability, multi-token transactions, multi-token wallet systems, on-chain services, Openchat, Plethora Game, protocol-level integration, Smart Contracts, tokenization, Virtual Currency, WBTC / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin

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Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain

Leave a Comment / Ankr, Arbitrum, Bitcoin, Blockchain, Bridges, BSC, Coinbase, Crypto Hacked, Cryptocurrency, decentralized finance, DeFi, Digital Assets, Dominance, Ethereum, FRAX, Justcryptos, Lido, Liquid Staking, Locked, locked-in, locked-up, locked-up value, Market Capitalization, multichain, Neopin Staking, pack, Poly Network, Polygon, portal, Protocols, Rise, Rocketpool, Smart Contract, Stakehound, Stakewise, Tenderize, Thunderpokt, tron, TVL, Value, WBTC / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2% Higher to Over $50 Billion With

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BTC Proxy Is Live on BNB Chain and Interoperable With WBTC and BTCB

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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. Minting and bridging of BTCpx to the three networks goes live on or after March 10th, 2023. This fulfilled a vision of allowing the Proxy community

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ftx-debtors-report-$8.9b-shortfall-in-customer-funds-and-‘highly-commingled’-assets-in-latest-presentation

FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation

Leave a Comment / $8.9 billion, $8.9B, Alameda Research, Bankruptcy, Bitcoin, BTC, Category A Assets, Category B Assets, ceo, commingled assets, Crypto Hacked, Cryptocurrency, Cryptocurrency Exchange, Cyber Attack, Digital Assets, ETH, Ethereum, FTT, ftx, international exchange, Market Caps, matic, News, PAXG, preliminary report, Press release, record keeping, shib, shortfall, shortfalls, SOL, Solana, Stablecoin, sweep wallets, trading volumes, UNI, WBTC, WETH / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in FTX-related addresses, but only $694 million is considered “Category A Assets,” or liquid cryptocurrencies

FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation Read More »

avalanche-sees-surge-in-btc-bridged-to-its-network-with-over-$44-million-in-bitcoin-ported-on-thursday

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

Leave a Comment / Avalanche, AVAX, BENQI, BEP20, Bitcoin, Blockchain, Bridge, bridged Bitcoin, Bridges, BTCB, Crypto, Crypto Hacked, Cryptocurrency, decentralized finance, DeFi, Digital Currency, Dune Analytics, Ethereum, Finance, GMX, investment, lightning network, Liquid, market, network, News, Onchain data, protocol, public channels, RSK, Supply, trading, transfer, Unique addresses, Virtual Currency, WBTC / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday Read More »

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Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse

Leave a Comment / Aave, Arbitrum, Avalanche, Balancer, Binance Smart Chain, Bitcoin, Blockchain, convex finance, Cronos, Crypto Hacked, Cryptocurrency, Curve, decentralized exchange, decentralized finance, DeFi, Defi Apps, Defi protocols, DEX, Ethereum, Fantom, Justcrypto, Lido, Liquid Staking, locked value, makerdao, multichain, Optimism, Pancakeswap, Polygon, portal, protocol bridges, total value locked, Trader Joe, tron, TVL, uniswap, WBTC / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting

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Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network

Leave a Comment / alternative blockchain, alternative blockchains, alternative chain, Avalanche, Avalanche Blockchain, Avalanche network, AVAX, Binance Smart Chain, Bitcoin, Blockstream, BSC, BTC, BTCB, capacity, circulating, consensus mechanism, Crypto Hacked, Crypto Supporters, Cryptocurrency, Ethereum, Ethereum blockchain, Fees, finality, lightning network, liquid network, ln, networks, News, Ojrdev, Peg, RSK network, sidechains, snowtrace.io, Tokenized Bitcoin, tokenized bitcoins, Transaction Costs, TVL, WBTC, wrapped bitcoin / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins.

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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days

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Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions The Bitgo-backed

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