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Coinbase seeks dismissal of BiT Global lawsuit over wBTC delisting
Coinbase has filed a motion to dismiss a lawsuit from BiT Global that challenges the firm’s decision to delist Wrapped Bitcoin (wBTC), according to a Jan. 21 court filing. This […]
BiT Global files lawsuit against Coinbase over allegations of breaching antitrust laws by delisting WBTC
BiT Global has filed a lawsuit against Coinbase, the largest crypto trading platform in the United States, according to a Dec. 13 court filing. The Justin Sun-linked crypto custodian alleged […]
Threshold Network proposes bold plan to further decentralize WBTC
Threshold Network has proposed further decentralizing BitGo’s Wrapped Bitcoin (WBTC) amid its recent challenges in the DeFi market. On Oct. 9, Matt Luongo, founder of the Bitcoin-focused venture studio Thesis, […]
Coinbase’s cbBTC launches seeking DeFi boom on Base and Ethereum
Coinbase has officially launched its wrapped Bitcoin token, cbBTC, on its layer-2 network, Base, and Ethereum mainnet, according to a Sept. 12 statement. The new product comes around a month […]
Aave’s bid to integrate Coinbase’s cbBTC sparks community concerns
Aave DAO has received a proposal to integrate Coinbase’s upcoming Bitcoin wrapper, cbBTC, into its V3 platform on the Ethereum mainnet and Base. In a Sept. 10 post, Aave’s founder, […]
21Shares launches wrapped Bitcoin 21BTC on Ethereum amid WBTC challenges
According to a Sept. 3 statement, 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain. The company stated that it was collaborating […]
Crypto investors redeem over $30 million WBTC as MakerDAO halts new loans
MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has approved a proposal to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). On Aug. 15, MakerDAO revealed that it […]
Coinbase cbBTC could challenge BitGo’s WBTC supply in 6 months
Coinbase appears poised to enter the wrapped Bitcoin market following recent disclosures from the firm. On Aug. 13, Coinbase’s official X (formerly Twitter) account teased an upcoming product with a […]
Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet
Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “Are we mistaken, […]