Bitcoin-on-Ethereum Token tBTC Relaunches Following Buggy Debut in May
TBTC, a decentralized way to copy bitcoin (BTC) over to Ethereum, is relaunching today after a smart-contract bug sunk the project in May.
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Users can now mint tBTC, a decentralized version of Bitcoin on the Ethereum blockchain, right on the CoinList exchange. tBTC acts as Bitcoin (BTC) covered in an Ethereum wrapper, making it compatible on Ethereum’s blockchain for various purposes, such as decentralized finance, or DeFi. Users of tBTC can now mint the asset on crypto exchange CoinList.“Larger investors and retail that maybe aren’t quite confident using a fairly new DApp can actually go into CoinList and wrap and unwrap tBTC the same way they do WBTC today,” Matt Luongo, CEO and founder of Thesis, the entity behind tBTC, told....
A second iteration of tBTC hopes to improve on the failings of the first. The Keep Network has released details for the second iteration of its “trust-minimized” Bitcoin tokenization protocol, tBTC.In an April 11 blog post, Keep Network developer, Evandro Saturnino, outlined several changes the protocol is considering to address it’s past issues with collateralization.tBTC’s second iteration is expected to require stakers to only lock up KEEP rather than both KEEP and ETH, alongside introducing changes to its wallet generation mechanism. The protocol allows users to tokenize their Bitcoin....
Some $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s contracts.
Ethereum futures ETFs, touted as the next big thing in the world of cryptocurrency investments, made their much-anticipated debut on Oct. 2. These exchange-traded funds were designed to track futures contracts linked to the value of Ethereum’s native currency, Ether. However, the initial trading activity suggests that market enthusiasm did not translate into significant investment […]
The US Securities and Exchange Commission (SEC) is reportedly fast-tracking the launch of Ethereum futures exchange-traded funds (ETFs), with a potential trading debut as early as next week. This comes amid mounting anticipation of a possible US government shutdown. First Ethereum Futures ETF Could Launch Monday Bloomberg ETF analyst Eric Balchunas provided significant insight on […]