Latest Posts with Tokenized Bitcoin tag

Tokenized Bitcoin

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New Tokenized Bitcoin BoringDAO Raises $1.5M

9 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi project BoringDAO has raised $1.5 million to bring at least 1 million Bitcoin (BTC) to the DeFi space, according to a press release published on October 8.  Scheduled for launch sometime in October, the team describes their overall goal as want...

Wrapped Bitcoin Scratches $1B, While tBTC Sees 931 ETH Liquidated

8 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

The total of Wrapped Bitcoin (wBTC) on Ethereum has crossed $1 billion, according to data from DeFi Pulse as of October 8. At the same time, another form of tokenized bitcoin, tBTC, has had 931 ETH liquidated due to a signer timeout issue. Wrapped B...

Ren Protocol Adopts Chainlink's Tech to Improve renBTC's Transparency

6 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

On October 5, Chainlink (LINK) announced that the Ren (REN) protocol will use its proof-of-reserve solution to improve the transparency and auditability of cross-chain assets. RenVM will use the Proof-of-Reserve to audit its cross-chain assets; init...

tBTC Launches With Plans to Bring More Bitcoin to Ethereum

23 Sep 2020 1 minute read 4 comments Abhimanyu Krishnan

Thesis founder Matt Luongo announced on September 23 that the Keep Network had released what he believes is the first permissionless, censorship-resistant Bitcoin (BTC) bridge on Ethereum (ETH). Users can deposit BTC and mint tBTC on Ethereum, a tok...

There is Now $1B Worth of Bitcoin on Ethereum

18 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

The total number of Bitcoin (BTC) on Ethereum (ETH) has crossed over $1 billion, as wrapped Bitcoin and other forms of tokenized Bitcoin increase in popularity with the advent of DeFi goldrush. There is currently 99,347 BTC on Ethereum as of Septemb...

REN Price Skyrockets As it Crosses Over 10K Bitcoins to Ethereum

20 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The price of the REN token has hit an all-time on August 18, and continues a remarkable rise that began in late July 2020. REN hit an all-time of $0.56 on August 18; price at the time of publishing is ~$0.47 REN is a part of RenVM, an open protocol...