Coinbase to add proof of reserves to Bitcoin wrapper cbBTC
Adding proof of reserves will head off concerns about Coinbases perceived lack of transparency.
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Adding proof of reserves will head off concerns about Coinbases perceived lack of transparency.
Cryptocurrency is one of the very powerful investor tools; it shows in an array of ways that build wealth for freedom. It offers several ways, ranging from staking to trading, whereby crypto will reward, grow, and lock investments for passive income. In 2024, the possibility of achieving these feats was facilitated through various platforms. We […]
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Coinbase’s newly launched wrapped Bitcoin token, cbBTC, has emerged as the dominant force in the wrapped BTC market. Data from Intotheblock showed that the token now accounts for a whopping 49% of the total wrapped Bitcoin volume, outperforming all other competitors. This remarkable achievement was accomplished in just two weeks. cbBTC’s meteoric rise is attributed […]
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Coinbase's cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
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Skale chief marketing officer Andrew Saunders described memecoins as a player-versus-player situation where early investors get the most gains.
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
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Hedera shifts toward open-source decentralization, transferring its codebase to Linux Foundations Decentralized Trust for global collaboration.
The Linux Foundation Decentralized Trust is a foundation that will incorporate all of Linux's decentralized projects in one place, including all of Hyperledger.
The on-chain analytics firm Santiment has pointed out how these three altcoins may be more likely to see price jumps in the coming future. These Altcoins Are Being Heavily Shorted On Binance Right Now In a new post on X, Santiment has discussed about some altcoins that could be worth keeping an eye on because [...]
The post Which Altcoins Could Skyrocket Next? Analytics Firm Points To These appeared first on Crypto Breaking News.
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