Coinbase contends the delisting was based on a standard review of WBTC's suitability to trade on the exchange.

PayPal's stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero, a cross-blockchain bridging protocol, allowing seamless transfers between Ethereum and Solana.

The PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release.

PayPal's stablecoin can now be transferred seamlessly between Ethereum and Solana networks, thanks to its integration with LayerZero's cross-chain protocol. The post PayPal Stablecoin Can Now be Transferred to Ethereum and Solana via LayerZero appeared first on Cryptonews.

TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to enhance transaction efficiency, reduce liquidity fragmentation, and provide users with faster, more secure, and cost-effective options.

PayPal has integrated LayerZero with its USD stablecoin (PYUSD) for faster transfers between Ethereum and Solana.

PayPal's stablecoin PYUSD has integrated LayerZero to facilitate smoother transfers between Ethereum and Solana.

PayPal's US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks.

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

PYUSD on Ethereum's market cap has remained relatively unchanged in recent months while the supply on Solana has plummeted from its high.

Learn about Layerzero, a genuine solution for blockchain interoperability, promising to tackle key issues of security and liquidity fragmentation. This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space.

Bryan Pellegrino flagged a function in the Across token contract and claimed it allowed the owner to mint and burn ACX at will.

LayerZero (ZRO) is currently experiencing a tumultuous phase as its recent recovery attempts falter amid mounting bearish pressure. After initially showcasing potential, the altcoin's upward momentum has stalled, leading to a possible downturn.

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After Coinbase, Kraken has launched its very own wrapped Bitcoin product.

Kraken has introduced its wrapped Bitcoin token, kBTC, backed 1:1 by Bitcoin, and available on Ethereum and OP Mainnet.

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.

In a recent update, the leading crypto exchange Kraken has announced the launch of Wrapped Bitcoin, kBTC, sparking market optimism. This new ERC-20 token is expected to boost the BTC's utility across decentralized finance (DeFi) platforms.

Crypto exchange Kraken has joined the race for dominance in the realm of Wrapped Bitcoins, unveiling its own Ethereum-based token, kBTC. The landscape of Wrapped Bitcoins is becoming more crowded as U.S.

Kraken's launch follows the recent introduction of Coinbase's wrapped bitcoin asset, cbBTC, with both tokens competing against WBTC.

According to Kraken, kBTC reinforces Bitcoin's position as the “epicenter of crypto” and empowers developers to explore new ways to use BTC.

The token will be available on both Ethereum and OP Mainnet.

LayerZero and Uniswap have inked a partnership toward the testing of the Unichain L2.

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.

Wrapped Bitcoin currently has a market capitalization of approximately $9.5 billion and a circulating supply of 154,782 tokens.

Sky Ecosystem will change the security fees on its WBTC vaults, but has given up on the accelerated divestment of the asset.

21.co, the parent company of 21Shares, has announced a strategic partnership with Crypto.com. The collaboration will enhance liquidity and custody solutions for 21.co's wrapped tokens, starting with its wrapped Bitcoin (BTC).

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).

The Wrapped Bitcoin's top performance comes despite BitGo's unwelcomed partnership with Justin Sun to expand WBTC's jurisdiction.

The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.

TL;DR LayerZero and EigenLayer have launched the CryptoEconomic Decentralized Verifier Networks (DVNs) framework, establishing a new standard for communication between chains. Users can secure omnichain messaging by staking assets such as ZRO, EIGEN, and ETH, promoting integrity in data transmission.

Key Points:

Eigen Labs and LayerZero Labs introduce a CryptoEconomic DVN Framework, enhancing security and interoperability across blockchains.

Concerns about WBTC's planned custody shakeup are overblown. For added safety, cbBTC is the best alternative.

Concerns about wBTC's planned custody shakeup are overblown. For added safety, cbBTC is the best alternative.

Blockchain bridges ensure the bridge of assets across chains, but their nature also happens to be a weakness owing to possible security breaches.

LayerZero Labs CEO Bryan Pellegrino discusses the complexities and security issues of blockchain bridges in a podcast with a16z crypto.

October has historically been a bullish month for altcoins and cryptocurrencies in general. With great momentum building, fueled by increasing demand and favorable market conditions, several altcoins are also inching closer to breaking their previous all-time highs.

WBTC bridges the gap between BTC and ETH. Yet, AAVE has reaped the most benefits, amassing 37K WBTC in supply.

It's been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million.

WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.

Chain-agnostic stablecoin protocol defi.money has integrated LayerZero to bring omnichain liquidity to its network. LayerZero (ZRO) is an interoperability solution that offers a foundational layer for omnichain applications and blockchains.

TL;DR LayerZero has experienced a 433% increase in its activity, reaching 98,000 daily messages following the announcement of a second airdrop. The new strategy focuses on rewarding active users and excludes those who do not participate, aiming to foster genuine commitment to the protocol. The price of the ZRO token has risen by 16.

The price of LayerZero (ZRO) has increased by 13.65% in the last 24 hours. It comes days after the LayerZero Foundation announced the end of ZRO airdrop claims and disclosed that it would reallocate unclaimed tokens to its active users.

The recent spike represents a 433% increase from the previous low of 18,400 messages, signaling a renewed interest in the protocol.

The apparent change of heart follows extensive public discussions with BitGo CEO Mike Belshe.

TL;DR Sky is reconsidering its decision to remove Wrapped Bitcoin (WBTC) after a recommendation from BA Labs and clarifications from BitGo. BitGo commits to providing 60 days' notice for any changes in WBTC custody, reducing the perceived risk.

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.