Almost 1% of all Bitcoin in circulation is now used on Ethereum

One of the biggest focuses of this past year in DeFi has been the rapid rise of Wrapped Bitcoin, tBTC, and other projects that allow investors to deposit their BTC in exchange for an Ethereum-based token representing a claim on that Bitcoin.

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Wrapped Bitcoin is now Ethereum's 6th Largest Token

With a market cap now over $1.5 billion, Wrapped Bitcoin (WBTC) makes up 80% of the total BTC held on Ethereum.

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Wrapped Bitcoin on Ethereum Enters Top 20 Tokens

Tokenized bitcoins on ethereum have now become a top 20 cryptocurrency by market cap. They’ve risen from just $120 million during July of this year, to $1.4 billion within just...

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В экосистеме Ethereum появился токен Wrapped Zcash

Обладатели ориентированной на приватность криптовалюты Zсash (ZEC) смогут использовать ее в экосистеме Ethereum в виде Wrapped Zcash (WZEC), «обернутого» ERC-1404 токена. Такая возможность появилась благодаря сотрудничеству кастодиана Anchorage и платформы TokenSoft.

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В сети Ethereum выпущен обеспеченный Zсash токен

Обладатели ориентированной на приватность криптовалюты Zсash (ZEC) смогут использовать ее в экосистеме Ethereum в виде Wrapped Zcash (WZEC), «обернутого» ERC-1404 токена. Такая возможность появилась благодаря сотрудничеству кастодиана Anchorage и платформы TokenSoft.

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Wrapped Zcash Now Available on Ethereum

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Wrapped Bitcoin (WBTC) Beats Aave & Curve to Become the Third Largest DeFi Project

Bitcoin on Ethereum continues to grow at warp speed, reaching above $1. 6 billion, on pace with 145k BTC. Several projects like renBTC, imBTC, HBTC, TBTC, pBTC, and sBTC are putting BTC on the second largest network.

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TRON network reached a supply of 3,000 Wrapped Bitcoin

Back in early September, TRON founder and CEO, Justin Sun, revealed that Bitcoin will soon arrive at the TRON ecosystem in the form of Wrapped Bitcoin, similar to what MakerDAO did on Ethereum. As many now know, this happened less than a month later, on October 1st, 2020.

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Why a Strategist Expects Bitcoin on Ethereum Would 20x by 2021 to $30B

A strategist expects the number of Wrapped Bitcoin on Ethereum to increase by 20-fold in 2021 to $30 billion

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Wrapped Bitcoin (WBTC) Crosses the $1 Billion Mark on Ethereum; An 89% Increase in Last 30 Days

Wrapped Bitcoin on Ethereum has officially hit $1 billion. It was around the middle of this year that WBTC started minting bitcoin at a record pace. From just under $10 million, on May 1st, the total value locked (TVL) in WBTC surged a whopping 900%.

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Chainlink to Automate Auditing for REN Assets & Make Them ‘Highly Reliable’ as Collaterals

Chainlink is collaborating with another popular DeFi project RenVM to improve the “transparency and auditability” of renBTC, renBCH, and renZEC. Last week, we reported how Chainlink joined hands with BitGo for auditing Wrapped Bitcoin (WBTC), which has nearly $1 billion BTC bridged on Ethereum.

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Chainlink to Ensure That Your Wrapped Bitcoin Is Actually Backed by Real Thing

?hainlink emerges as a solution to the biggest problem faced by Bitcoin on the Ethereum blockchain

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Wrapped Bitcoins and Ethereum; do they carry a 'security' threat now?

While DeFi has been one of the keywords of the year for the digital asset industry, Wrapped Bitcoins or WBTC has been one of the definite highlights of the Decentralized Finance space. The growth of WThe post Wrapped Bitcoins and Ethereum; do they carry a 'security' threat now? appeared first on AMBCrypto.

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Roger Ver: Bitcoin Wrapped on Ethereum Proves Lightning Network a ‘Total Failure’

Bitcoin Cash proponent Roger Ver stirred up a bit of controversy saying that the recent surge in Wrapped Bitcoin on Ethereum is proof that the Lightning Network (LN) has been a ‘total failure’ as a scaling solution.

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Another record-breaking WBTC mint - Bitcoin demand on Ethereum to grow?

On 25 September, crypto-trading firm Alameda Research minted the largest-ever quantity of Wrapped Bitcoin [WBTC]. News of the development was shared on Twitter by WBTC, with the tweet going on to noteThe post Another record-breaking WBTC mint - Bitcoin demand on Ethereum to grow? appeared first on AMBCrypto.

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TRON Partners With BitGo To Mint New Wrapped Bitcoin And Ethereum Tokens On Its Blockchain

Tron announced a partnership with the U. S. regulated and qualified custodian, BitGo, in a plot to launch wrapped Bitcoin (wBTC) and wrapped Ethereum (wETH) on its blockchain. These will be newly minted tokens converted to TRC20 tokens, backed by assets stored by the custodian in a 1:1 ratio.

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Bitcoin inflow onto Ethereum hits USD 1.2B as Alameda Research Mints USD 25M Wrapped Bitcoin Block

With over $1.2 billion in Bitcoin now on Ethereum for DeFi use, Alameda Research... The post Bitcoin inflow onto Ethereum hits USD 1.2B as Alameda Research Mints USD 25M Wrapped Bitcoin Block appeared first on Coin Journal.

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Bitcoin and Ethereum Holders Set to Access TRON’s Growing DeFi Ecosystem Using BTC/ETH

Growing DeFi platform Tron has entered a strategic partnership with institutional digital asset custody platform BitGo to enhance the growth of its DeFi space. The partnership will bring two major DeFi cryptocurrencies, Wrapped BTC (WBTC) and Wrapped Ether to the Tron ecosystem.

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Общая стоимость ETH-токенов, обеспеченных биткоином, скоро достигнет $1 млрд

Общая рыночная стоимость привязанных к первой криптовалюте Ethereum-токенов составляет $943,7 млн, согласно сервису BTC on Ethereum. В этом сегменте рынка лидирует токен Wrapped Bitcoin (WBTC), капитализация которого составляет $617 млн.

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Стоимость обеспеченных биткоином Ethereum-токенов приблизилась к $1 млрд

Общая рыночная стоимость привязанных к первой криптовалюте Ethereum-токенов составляет $943,7 млн, согласно сервису BTC on Ethereum. В этом сегменте рынка лидирует токен Wrapped Bitcoin (WBTC), капитализация которого составляет $617 млн.

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This Factor Helped to Push Ethereum’s Nexus Mutual (NXM) Up 40% Today

It appears that crypto bulls are back in full force: Ethereum and Bitcoin have pressed 4-5% over the past hour and altcoins have done even better, bouncing swiftly from the weekend lows. One coin, in particular, has stood out: Wrapped NXM (WNXM) or NXM, an Ethereum-based coin for the Nexus Mutual protocol that has gained […]

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DeFi Swap Goes Live on Ethereum Mainnet Today

Coinspeaker DeFi Swap Goes Live on Ethereum Mainnet TodayDefi Swap has now become available on Ethereum mainnet. Some of the coins supported at the start are: Wrapped Ether, Tether, USD Coin, Dai, Chainlink, Compound, and Crypto.

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$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain

According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC.

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BitGo рассмотрит запуск Ethereum-сайдчейна для WBTC из-за высоких комиссий

Кастодиан BitGo обсудит с разработчиками и сообществом возможность запуска сайдчейна Ethereum для переноса Wrapped Bitcoin (WBTC). К этому компанию подтолкнул рост комиссий в сети Ethereum, сообщает CoinDesk.

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Bitcoin Investors Swap for Ethereum ‘Wrapped BTC’ to Yield Farm and Chill

Demand for Wrapped Bitcoin has surged as Bitcoin investors seek a private method to gain exposure to DeFi and lend farming.

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Forget YAM, Ethereum DeFi’s hottest new craze is Based—literally

Just 24 hours after it launched, a new Ethereum decentralized finance protocol called Yam Finance has received deposits of over $400 million worth of altcoins like Wrapped Ethereum and Yearn. finance.

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Капитализация Wrapped Bitcoin превысила отметку в $200 млн

Общая рыночная стоимость привязанного к первой криптовалюте токена Wrapped Bitcoin (WBTC) достигла $227 млн, согласно сервису BTC on Ethereum. WBTC — лидер по капитализации среди «биткоинов на эфире».

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Капитализация обеспеченного биткоином Ethereum-токена WBTC превысила $200 млн

Общая рыночная стоимость привязанного к первой криптовалюте токена Wrapped Bitcoin (WBTC) достигла $227 млн, согласно сервису BTC on Ethereum. WBTC — лидер по капитализации среди «биткоинов на эфире».

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Nearly $100M in Bitcoin Moved to Ethereum in July, Led by Retail Traders

Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin.

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Nearly $100 Million in Bitcoin Moved to Ethereum in July, Led by Retail Traders

Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin.

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BTC on Ethereum Hits $150 Million: What It Means For the Surging DeFi Market

The number of Wrapped Bitcoin (wBTC) on Ethereum and DeFi protocols surged in recent months, achieving $150 million.

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В июне на блокчейне Ethereum было токенизировано биткоинов на $60 млн

По оценкам аналитической компании Dune Analytics, в июне на блокчейн эфириума было перемещено BTC на сумму около $60 млн. На Wrapped Bitcoin, самый старый протокол токенизации биткоина на эфириуме, приходится примерно 75% этого роста.

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Nearly $60M in Bitcoin Moved to Ethereum in June

Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.

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Market Cap of Wrapped Bitcoin (WBTC) Surpasses $80 Mln

Bitcoin-pegged Ethereum tokens continue to thrive with more than $80 mln held in Wrapped Bitcoin (WBTC) alone

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Объем обеспеченных биткоином Ethereum-активов превысил $100 млн

Общая стоимость токенизированных на блокчейне Ethereum биткоинов резко выросла с середины мая. Теперь показатель превышает $103 млн, согласно сервису BTC on Ethereum. Среди «биткоинов на эфире» наибольшей популярностью пользуется Wrapped Bitcoin (WBTC) — $76,5 млн.

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Bitcoin (BTC) Value on Ethereum (ETH) Blockchain Exceeds $100M. Is That Bearish for BTC?

Wrapped Bitcoin (wBTC) and similar tokens are a class of assets that represent Bitcoin (BTC) but are issued on top of the Ethereum (ETH) blockchain.

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.

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$22.5M BTC Wrapped on Ethereum More than Double BTC on Lightning Network

The amount of BTC wrapped on Ethereum continues to grow. It now stands at $22. 5 million, more than twice the BTC on Lightning Network. Decentralized finance (also known as ‘DeFi’) is a growing part of the Ethereum ecosystem.

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A Shake-Up in DeFi Sees Wrapped Bitcoin (WBTC) Growing Faster Than Lightning Network

Ethereum network has minted 1,000 Wrapped Bitcoin (WBTC) on May 12th via a single transaction, dwarfing the entire amount of Bitcoin locked in the Lightning Network (LN). This recent transaction brought the total number of Bitcoin locked in WBTC to 2,300, which is significantly higher than the 923 Bitcoin currently locked in the Lightning network. […]

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Ethereum has More Bitcoin Locked up Through wBTC Compared to Bitcoin’s LN

There is an ongoing issuance of wrapped BTC – or wBTC – on the Ethereum blockchain. It appears that this token is in very high demand, as the recent issuance of Wrapped Bitcoin has a higher USD value compared to the entire Lightning Network.

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Bitcoin locked in DeFi soars by 113% after it becomes a DAI collateral

Wrapped Bitcoin aka WBTC is a way of getting Bitcoin on Ethereum, where WBTC is pegged 1:1 with BTC. This is supposedly the future of cryptocurrencies - cross-chain compatibility. WBTC is one such proThe post Bitcoin locked in DeFi soars by 113% after it becomes a DAI collateral appeared first on AMBCrypto.

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1,000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network

A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network.

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Пользователи MakerDAO смогут использовать привязанный к биткоину WBTC в качестве обеспечения (обновлено)

Держатели MKR одобрили использование привязанного к первой криптовалюте токена Wrapped Bitcoin (WBTC) в качестве залогового обеспечения на крупнейшей DeFi-платформе MakerDAO. Bitcoin holders can now turn their BTC into WBTC (bringing Bitcoin to the Ethereum blockchain), and then use it to generate Dai.

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Wrapped Bitcoin on Ethereum Close to Overtaking Lightning Network in Value

Bitcoin (BTC) represented on Ethereum’s own blockchain has been growing. In fact, the on-chain BTC value on Ethereum is close to surpassing Lightning Network. Lightning Network has been hyped by the Bitcoin community for years now, but we’re still a long way away from it being rolled out for mass adoption.

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Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum

During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest.

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What Are Flash Loans And Why Are They Bullish For Ethereum?

The crypto industry has been wrapped up in the first two major exploits of decentralized finance this week. The decriers are having a field day but the outcome may actually be bullish for Ethereum.

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'Wrapped Bitcoins' may rival Lightning capacity, boost Ethereum's liquidity

With the crypto-market's attention presently focused on price movement, many fundamental metrics have undergone critical changes over the past month or so. According to skew analytics, WBTC has beeThe post 'Wrapped Bitcoins' may rival Lightning capacity, boost Ethereum's liquidity appeared first on AMBCrypto.

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Wrapped Crypto Tokens, Explained

Cryptocurrencies with homes on many different blockchains such as Zcash are getting wrapped equivalents on Ethereum. What does this mean for the crypto space?

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Privacy Coin Zcash (ZEC) Sets Sights On Interoperability; Launching A Wrapped Token On Ethereum

Zcash community is allegedly developing a wrapped token to be operational in the Ethereum network. During the Devcon developer conference for cryptocurrency enthusiasts in Osaka, Japan, the halls were filled with news and rumors of smaller projects that looked to gain access to the decentralized finance smorgasbord belonging to Ethereum. They seek access via interoperability, […]

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