Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main S...
Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly argued over scaling the Bitcoin (BTC) blockchain and a number of proponents said that sidechains and offchain solutions would help. Moreover, a number of solutions like Blockstream’s Liquid and the RSK network....
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According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s Bitcoin-Peg Reaches 73K Issued Ethereum (ETH) jumped over the $3K zone in value on Saturday, as the protocol successfully upgraded on August 5. ETH’s market valuation has gained a significant....
Notional enables fixed-rate debt on Ethereum using a new on-chain automated market maker.
New television series cements the digital currency in primetime. Bitcoin has made its way into the popular mind and most recently this can be seen with depictions in television, of which there have been a great many. But, perhaps most interesting, entire series are taking Bitcoin on as the main plot point, further cementing bitcoin’s relevance to mainstream culture. In 2013, as the price of bitcoin skyrocketed to $1200, bitcoin creeped into the mainstream media dialogue. From there, it appeared in more than one movie. As the center of the film’s script, Bitcoin played a key role in the....
More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC. One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC. The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri, who tweeted the news on June 7. BitGo is the custodian for the Wrapped Bitcoin protocol, which was launched its Bitcoin-backed ERC-20 token WBTC on Ethereum in January 2019.1% of all BTC has been wrapped into $WBTC! https://t.co/jOi0LZZUyi— WBTC (@WrappedBTC) June 7, 2021 According to....
Bitcoin has risen to a two-year high as at press time to $686. So has the Ethereum moved to $16.50 particularly over the weekend. This is likely to be a continuous trend with the look of things. A close monitoring of the Poloniex exchange platform shows that both digital currencies - as well as Monero, Litecoin and Ripple - are the main beneficiaries of the growing interest in the cryptocurrency market. Dash has a slight drop. According to CoinMarketCap.com, Ethereum gained a 5.25% rise against Bitcoin and a 15.25% against the US dollar. The best explanation for the rise thus far is that....