Coinbase, BiT Global End Legal Fight Over WBTC Delisting
BiT Global agreed to dismiss its lawsuit against Coinbase, with each party covering its own legal expenses.
WBTC
Here are the cryptocurrencies Donald Trump’s WLFI is buying in March
World Liberty Financial (WLFI), a decentralized finance platform reportedly backed by Donald Trump, has ramped up its cryptocurrency portfolio in … Continue reading
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Trump’s World Liberty Financial buys millions of Bitcoin
World Liberty Financial (WLFI), a decentralized finance platform reportedly backed by Donald Trump and his family, made headlines with a … Continue reading
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Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO
An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun’s involvement in the custody of bitcoin backing the WBTC token.
DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.
DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.
BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion.
Coinbase Promotes cbBTC, Wrapped Bitcoin Alternative for Base Blockchain
Tweets from the crypto exchange and Jesse Pollack, the creator of Base, suggest cbBTC could run on the layer-2 blockchain.
Hacker returns $71 million worth of crypto to phishing victim
A whale lost 1,155 Wrapped BTC (WBTC), worth $71 million, due to a phishing attack on May 3. Surprisingly, the … Continue reading
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Cryptocurrency investor loses $70 million in six hours: Address poisoning attack
A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth … Continue reading
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