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21.co is expanding the lineup of wrapped tokens, bringing its Wrapped Bitcoin to the Ethereum blockchain. 21.co, the parent company of crypto exchange-traded products provider 21Shares, has announced the launch of its Wrapped Bitcoin (21BTC) on the Ethereum blockchain.
The decentralized finance (DeFi) protocol Threshold has proposed a merger between its Bitcoin wrapper token, tBTC, and Wrapped Bitcoin (WBTC) to prevent a potential takeover by Justin Sun.
A BTC DeFi protocol proposes a merger to decentralize WBTC before upcoming custody changes.
The proposal would effectively transfer control of WBTC to Threshold.
Bitcoin decentralized finance protocol Threshold Network has proposed a partnership with BitGo to save Wrapped Bitcoin (WBTC). In a proposal submitted on August 30, MacLane Wilkison wants to transition WBTC from its current centralized custody to Threshold's decentralized system.
Threshold Network has proposed to acquire BitGo‘s Wrapped Bitcoin (WBTC) product, offering $36.4 million worth of their native T tokens. The move aims to transition WBTC from centralized custody to Threshold's decentralized model, merging it with their tBTC Bitcoin (BTC) bridge.
Under the plan, BitGo would become “the largest holder” of Threshold's T token while also transferring control of the WBTC mint mechanism.
Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold's decentralized system. This move comes in response to recent concerns within the decentralized finance (defi) ecosystem over the current custody arrangements for WBTC.
Justin Sun's WBTC withdrawals raise decentralization concerns in the crypto community. Sun denies control over WBTC reserves, emphasizing strategic involvement.
Justin Sun defends his withdrawal of BTC backing USDD. Is it enough to calm users?
A whale accumulated over $118 million of WBTC in the last week. This comes when many are worried about WBTC's growing centralization.
A mysterious whale's WBTC spree and custody shake-up intensify crypto market intrigue—what's fueling this chaos?
As per the on-chain data, the unknown wallet has accumulated a total of 1,953 WBTC from the crypto exchange Binance at an average price of $58,853.
Justin Sun moved 2,590 Bitcoin ($156 million) after BitGo changed its WBTC custody arrangements. BitGo is shifting WBTC custody to a new joint venture with BiT Global, linked to Justin Sun.
An unknown whale has accumulated $118 million in WBTC amid controversy over its ownership structure, prompting major DeFi platforms to limit its use and potentially opening opportunities for alternative wrapped Bitcoin products
According to Lookonchain, an unknown wallet address has accumulated more than $118 million worth of Wrapped Bitcoin in the last week.
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In an unprecedented development, a smart money address has made over $14 million in profit by selling Wrapped Bitcoin (WBTC). As the Bitcoin (BTC) price touched an ATH this year, the smart money started gradually offloading its holdings, making a staggering ROI.
Will the new WBTC custody operations model calm all users?
MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo's wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it was reducing the debt ceiling for all WBTC vaults to zero.
BitGo is preparing to expand management of wrapped bitcoin (WBTC), worth $9.2 billion, to two new entities in Hong Kong and Singapore within two months.
Coinbase announced the launch of its cbBTC wrapped bitcoin token with a cryptic post. It will be deployed on Base to develop a ‘Bitcoin economy' on the Ethereum layer 2.
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.
Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
