News with the tag "wrapped bitcoin"

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...

New data from crypto analytics platform Arkham reveals that President Donald Trump’s decentralized finance (DeFi) platform has become a top 0.1% holder of staked Ethereum ( stETH ) after gobbling up tens of millions of dollars worth of ETH. In a new thread on the social media platform X, Arkham says...

It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully backed by the cryptocurrency could be on shaky ground, according to a bl...

Top US-based crypto exchange platform Coinbase is removing support for Wrapped Bitcoin ( wBTC ) as the crypto king crashes below six figures. In a new thread on the social media platform X, Coinbase Assets says it has disabled trading services for wBTC, the tokenized representation of Bitcoin ( BTC ...

A war for on-chain market dominance may be brewing. The question: What will be the collateral of choice in the decentralized finance (DeFi) economy? As of press time, DeFi protocols across all ecosystems have locked in almost $132 billion in value, according to DeFiLlama data, inching closer every d...

World Liberty Financial, supported by the family of US President-elect Donald Trump, has exchanged $10 million in Coinbase’s wrapped bitcoin, or cbBTC, for Wrapped Bitcoin. World Liberty Financial has been making moves on-chain, having purchased millions of dollars worth of the cryptocurrency involv...

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin ( wBTC ). In a recent complaint, the wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC – the tokenized representation of Bitcoin ( BTC ) on the ...

Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks.

No law compels Coinbase to “compromise the integrity of its platform” by doing business with Justin Sun-tied BiT Global, the U.S. crypto exchange wrote. Coinbase asked a U.S. court to deny BiT Global’s lawsuit in Northern California, which seeks $1 billion in relief and a temporary restraining order...

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...