Wrapped Bitcoin (WBTC)

60 Articles 4 Followers


WBTC, tBTC, or renBTC - Which One is Here to Stay?

9 Oct 2020 4 minute read 3 comments D3F1

ERC-20 versions of Bitcoin are on the rise at an increasingly rapid rate. Today, I noticed that Wrapped BTC (WBTC) scratched the $1 billion level in Total Value Locked; This is a significant milestone for anybody following the liquidity flowing into...

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

8 Oct 2020 1 minute read 2 comments author_nan

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...

WBTC - Who is the asset that took second place in the DeFi ranking?

3 Oct 2020 2 minute read 0 comments Simplify Crypto

Tokenized Bitcoin (WBTC) took second place in CoinMarketCap's DeFi market capitalization ranking this week. Jumping from sixth place in the DeFi ranking, the WBTC surpassed the protocols YFI, UMA, DAI and LEND at once, and now sees the leader LINK fr...

Top Things You Should Know About Wrapped Bitcoin (WBTC)

2 Oct 2020 6 minute read 9 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for an ERC20 token that is backed 1:1 by Bitcoin – Wrapped Bitcoin (WBTC). Wrapped Bitcoin (WBTC) is a fairly new innovation that effectively brings BTC to the Ethereum blockchain a...

BitGo Will Use Chainlink’s Proof of Reserve to Boost Auditability of Wrapped Bitcoin

2 Oct 2020 1 minute read 1 comment author_nan

Institutional platform BitGo will use decentralized oracle provider Chainlink's (LINK) proof-of-reserve solution to streamline the auditing of $1 billion in Wrapped Bitcoin (wBTC), according to an announcement published on October 1. BitGo and Chain...

Whale Wallet Analysis - WBTC

30 Sep 2020 6 minute read 0 comments D3F1

Hello guys, I am back with another Whale Wallet Analysis for you to get your noses into. Today, I will be covering Whales that are holding WBTC - a wrapped version of BTC. In total, there is more than $1.3 billion worth of BTC on Ethereum and Wrapped...

DeFi TVL Now Beyond $11B, Ethereum Crosses $350

28 Sep 2020 1 minute read 0 comments author_nan

The total value locked in the DeFi market is continuing its rapid growth, crossing $11 billion on September 28, according to data platform DeFiPulse. The DeFi market currently has $11.16 billion locked in, having recorded $10+ billion in the past we...

There is Now $1B Worth of Bitcoin on Ethereum

18 Sep 2020 1 minute read 2 comments author_nan

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...

Ethereum Now has Over 100K Tokenized Bitcoins

15 Sep 2020 1 minute read 0 comments author_nan

The total number of tokenized Bitcoin (BTC) on the Ethereum (ETH) blockchain has crossed 100,000 according to data from DeFi data portal DeFiPulse. The total tokenized BTC on Ethereum crossed 100k on September 15, equivalent to $1.07 billion Accordi...

Wrapped Bitcoin, Bitcoin on Ethereum What is It? A Defi Protocol Explained

13 Sep 2020 1 minute read 2 comments bobby d!gital

Bitcoin on Ethereum is growing at an explosive rate despite the price drops in both coins.  What exactly is WBTC and how does it work? This is a quick rundown of this new trend and some of the concerns involved. BTC to Ethereum is up 37% this month a...