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Sky rethinking plan to offboard WBTC after discussion with BitGo CEO
25.9.2024
BA Labs, adviser to DeFi lender Sky, says concerns about Justin Sun’s role in Wrapped Bitcoin custody have been resolved with a new vote set for Oct. 3
Sky Pauses Plan to Offboard Wrapped Bitcoin, After Chat With BitGo's Belshe
25.9.2024
An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token
Coinbase chief legal officer responds to cbBTC service terms fears
22.9.2024
Coinbase's cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper
Coinbase's cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
21.9.2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications
DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote
20.9.2024
The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.
DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
19.9.2024
The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding
Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market
19.9.2024
This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin...
Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week
19.9.2024
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
Sky proposes dropping Wrapped Bitcoin over claimed Justin Sun ties
13.9.2024
The team behind Sky, formerly Maker, wants to drop WBTC due to what it claimed were recent changes in ownership and control “likely involving Justin Sun or affiliates.”
DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
13.9.2024
The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass
Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks
12.9.2024
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin...
Coinbase’s Wrapped Bitcoin cbBTC Goes Live
12.9.2024
The token will initially be offered on Ethereum and Coinbase’s Base networks, with plans to expand to more blockchains in the coming months
Coinbase launches 'cbBTC' wrapped Bitcoin digital asset
12.9.2024
The exchange announced that cbBTC is now available in the United Kingdom, Australia, Singapore, and all US states except New York
BitGo deploys wrapped BTC on Avalanche and BNB Chain
10.9.2024
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
Quick Hit #17
9.9.2024
“Wrapping the <labelaround the <inputis fine, and is sufficient for conformance on its own, however adding explicit association with for and id is still necessary in practice.” —James Edwards…
Quick Hit #17 originally published on CSS-Tricks, which is part of...
BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns
3.9.2024
The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
30.8.2024
The proposal would effectively transfer control of WBTC to Threshold.
DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’
30.8.2024
The proposal would effectively transfer control of WBTC to Threshold.
Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody
29.8.2024
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 Protocol: Now Everyone's Putting a Wrapper on Bitcoin
21.8.2024
In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on Ethereum