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The token will initially be offered on Ethereum and Coinbase's Base networks, with plans to expand to more blockchains in the coming months.

This token is backed 1:1 by Bitcoin held securely by Coinbase, which brings a new level of utility to Bitcoin holders. Initially, cbBTC will be supported on the Base and Ethereum networks, with plans to expand to additional chains in the future.

Coinbase is rolling out cbBTC — Coinbase Wrapped BTC — an ERC20 token backed 1:1 by Bitcoin, which Coinbase holds. According to a press release shared with crypto.news, the cbBTC token is now available on Base and Ethereum (ETH).

The leading exchange puts forward cbBTC as a formidable new option in the DeFi space.

Coinbase's launch of cbBTC could significantly enhance Bitcoin's integration into DeFi, fostering a more interconnected and efficient financial ecosystem. The post Coinbase debuts Wrapped Bitcoin on Ethereum and Base appeared first on Crypto Briefing.

The exchange announced that cbBTC is now available in the United Kingdom, Australia, Singapore, and all US states except New York.

The Aave community is currently considering supporting Coinbase's upcoming Bitcoin wrapper, cbBTC, in its V3 protocol.

Bitcoin faces liquidation risks near $50K, but historical trends suggest a potential price rebound.

The DeFi lending platform could add support for a much-anticipated token from a leading exchange.

TL;DR WBTC Native Expansion: BitGo Launches Wrapped Bitcoin on Avalanche and BNB Chain Using LayerZero's Omnichain Fungible Token Standard. Decentralized Verifier Network: WBTC will feature a 1-of-2-of-3 setup, with BitGo as the primary verifier and LayerZero Labs and Polyhedra as optional verifiers.

A cryptocurrency whale is currently looking at a potential liquidation of around $28 million worth of the flagship cryptocurrency tokenized on another network in the form of Wrapped Bitcoin (WBTC). According to on-chain analytics firm Lookonchain, the cryptocurrency whale could see its 488.

LayerZero has been selected as the interoperability provider for BitGo's Wrapped Bitcoin (WBTC) to enhance its cross-chain capabilities. LayerZero's choice highlights the chain's growing influence in the blockchain space and it has caused its native token, ZRO, to rebound from a crucial support level in its price chart.

BitGo has selected LayerZero as the digital asset custody provider's official interoperability provider for the Wrapped Bitcoin token. On Sept.

With LayerZero as its official interoperability provider, BitGo is expanding its tokenized wrapped bitcoin (WBTC) product to BNB Chain and Avalanche.

A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday.

In the ever-evolving landscape of cryptocurrencies, one of the most interesting novelties of recent times is the launch of 21BTC by 21Shares.

21.co, the parent company of 21Shares, a major player in the crypto exchange-traded fund (ETF) market, is expanding its presence in the world of wrapped assets.

Amid surging interest in decentralized finance, other players in the wrapped-BTC space have attracted controversy.

Threshold has proposed a merger of its tBTC token with WBTC as the industry is concerned for the latter's future.

21Shares has introduced its Wrapped Bitcoin on the Ethereum blockchain, marking its second launch of this product after its debut on Solana.

The CEO of BitGo responds to accusations of lack of intellectual honesty

21Shares launches 21BTC aiming to provide enhanced security with cold storage and no bridge.

According to a Sept. 3 statement, 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain.

The loudest critics of BitGo's deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.'