News with the tag "cbBTC"

In a significant stride towards enhanced transparency within the cryptocurrency realm, Coinbase, a leading crypto exchange, has officially rolled out a dedicated proof-of-reserves (PoR) page for its wrapped Bitcoin token, cbBTC. This move, initially reported by BeInCrypto, aims to provide users with...

Earlier today, Coinbase executives Jesse Pollak and Paul Grewal took to X (formerly Twitter) to address one of the subjects that have brought major backlash on the exchange — the perceived arbitrariness of its token listing criteria. According to their X posts, both executives are aware of the frust...

Base is growing its underlying app activity, even after the slowdown of memes and AI agents. The growth of Morpho lending and overall DeFi value locked is driving the expansion of Base. Base keeps growing based on DeFi lending, as its app activity is up by 129%. The chain carries more than 500 decen...

Tron founder Justin Sun has shared insights on Donald Trump’s DeFi project – World Liberty Financial’s – massive investments in Wrapped Bitcoin (WBTC) for building its Bitcoin reserves. Earlier today, the project acquired nearly $10 million worth of WBTC during the price dip. Taking a dig at Coinbas...

Coinbase moved ahead to dismiss the lawsuit launched by Justin Sun-linked Bit Global regarding the delisting of Wrapped Bitcoin (wBTC). Back in November 2024, the United States’ biggest crypto exchange first announced that it was removing wBTC, then went on to tease its own wrapped Bitcoin cbBTC. Th...

Earlier today, Coinbase announced the launch of “Bitcoin-Backed Loans” using Base, its native blockchain. But there’s one problem. (Actually, two.) These loans are not backed by Bitcoin, nor are they even on the Bitcoin blockchain. It’s disappointing that, in 2025, companies are still willingly omit...

Donald Trump’s crypto venture, World Liberty Financial, swapped $10 million worth of wrapped Bitcoin (cbBTC) for tokens tied to its project adviser, Justin Sun. On-chain data from Nansen confirms that yesterday, the project’s wallet exchanged all 103 cbBTC tokens for WBTC, the first major wrapped Bi...

The DeFi protocol also launched an in-house perpetuals trading app.

A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market.

New court documents show that BiT Global, a custodian of Wrapped Bitcoin ( wBTC ), is suing Coinbase after the top US-based crypto exchange delisted wBTC in November. In a new complaint, BiT Global accuses Coinbase of using wBTC – the tokenized representation of Bitcoin ( BTC ) on the Ethereum ( ETH...