Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,393,113,562,158.15
  • 24h Vol: $53,365,551,873.29
  • BTC Dominance: 56.55%

wrapped bitcoin

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-launches-wrapped-bitcoin-for-ethereum-and-base-networks

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

Leave a Comment / BASE, Bitcoin, Blockchain, cbBTC, Coinbase, Crypto Hacked, crypto-custody, Cryptocurrency, decentralized exchange, decentralized finance, Ethereum, News, wrapped bitcoin / / / , , , , , , , , , ,

Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange,

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coinbase-hints-at-the-launch-of-its-wrapped-bitcoin-alternative-on-base

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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bridged-bitcoin-on-avalanche-surpasses-value-locked-on-the-lightning-network

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

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

Leave a Comment / Altcoins, Asset-backed, asset-backed BTC token, Bitcoin, Bitgo-backed, circulating supply, collateralized, collateralized BTC, Crypto asset, Crypto Hacked, Crypto-collateralized, Cryptocurrency, custody, derivative, Eastern Time, ERC20-based, Ethereum, Ethereum chain, Jan. 2019, Largest operation, Market Capitalization, redemption, STETH, Synthetic Bitcoin, Synthetic BTC, Token value, tokenization, tokenized, Transparency dashboard, Tron blockchain network, WBTC, Wrapped, wrapped bitcoin, Wrapped Bitcoin Token, Wrapped BTC, Wrapped BTC Token, Wrapper / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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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