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Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here’s Why

On Sep 22, 2020
@CoinDesk shared
N DEPTH: @BitGo minted nearly 21,000 wrapped bitcoin (WBTC) last week. The total amount of bitcoin on Ethereum is now worth over $1.1 billion: Here’s a look at why tokenized bitcoin is taking off. Report by @wsfoxley https://t.co/ykPrflM820
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The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.

www.coindesk.com
On Sep 22, 2020
@CoinDesk shared
N DEPTH: @BitGo minted nearly 21,000 wrapped bitcoin (WBTC) last week. The total amount of bitcoin on Ethereum is now worth over $1.1 billion: Here’s a look at why tokenized bitcoin is taking off. Report by @wsfoxley https://t.co/ykPrflM820
Open

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here’s Why

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here’s Why

The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.

DeFi in 2020: An Overview of Crypto Finance Platforms

DeFi in 2020: An Overview of Crypto Finance Platforms

The overarching trend that marked the beginning of 2020 has been fear and uncertainty driven by the outbreak of the deadly coronavirus in China, devastating bushfires in Australia, US-Iran ...

What Is Decentralized Finance?: A Deep Dive by The Defiant

What Is Decentralized Finance?: A Deep Dive by The Defiant

The term DeFi was born in an August 2018 Telegram chat of ETH developers and entrepreneurs.

Bitcoin Is Invading Decentralized Finance On The Ethereum Network

Bitcoin Is Invading Decentralized Finance On The Ethereum Network

Bitcoin has been injected into Ethereum's DeFi ecosystem, but it remains to be seen whether Bitcoin will emerge as the leading reserve asset fueling decentralized applications. Bitcoin and ...

Wrap Your Head Around This: BTC Is Now Featured as a Token on Ethereum

Wrap Your Head Around This: BTC Is Now Featured as a Token on Ethereum

Wrapped Bitcoin, an ERC-20 token tied 1-1 with bitcoin, is live, and it's setting big expectations for itself out the gate.

WBTC Brings Bitcoin to Ethereum

WBTC Brings Bitcoin to Ethereum

The Wrapped Bitcoin (WBTC) initiative, led by blockchain innovators BitGo, Kyber Network & Republic Protocol, will bring Bitcoin and Ethereum together

RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum

RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum

RenBTC, the latest implementation of bitcoin on the Ethereum blockchain, quietly went live this week.

What is Wrapped Bitcoin (WBTC)?

What is Wrapped Bitcoin (WBTC)?

Have you ever heard of the acronym WBTC? Do you know how did it all begin and what does this token entail? Read on to find out.

WBTC: A Community Effort to Bring Bitcoin to Ethereum

WBTC: A Community Effort to Bring Bitcoin to Ethereum

At Kyber, we have been facilitating seamless exchange and liquidity flows between all parts of the decentralized ecosystem. End users can…

How to Earn an Insane Passive Income on Your Bitcoin and Ethereum

How to Earn an Insane Passive Income on Your Bitcoin and Ethereum

Arguably the best way to earn a passive income from your crypto is with Decentralized Finance (DeFi) solutions.  DeFi applications account for the placement of $2 billion worth of crypto ...

Bitcoin on the Ethereum Blockchain? Welcome to 2019

Bitcoin on the Ethereum Blockchain? Welcome to 2019

We all know what BTC, BCC, and ETH are. But new to the reader may be symbol WBTC – short for “wrapped Bitcoin,” which will essentially be a token on the Ethereum blockchain tied directly to ...

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

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

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

Common Cryptocurrency Terms

Common Cryptocurrency Terms

Here at ShapeShift, we oftentimes receive questions about the digital asset world and its many nuances. This list of definitions can help you understand all of the words you may run into on ...