Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,070 trillion. Bitcoin is down by nearly 2% after intense seesawing this week. Ethereum increased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector decreased the total value of protocols (TVL)…
WBTC
Difference Between Wrapped Assets, NFTs, and Stablecoins
If you live outside the cryptocurrency and blockchain realm, it can be hard to understand the latest terminologies hitting the headlines and news feeds. However, the dollar amount mentioned alongside the terminologies will likely be more surprising and eye-catching simultaneously. For example, how can a virtual creation of an artwork file sell for close to $70 million?! Well, that’s the amount the highest bidder was willing to pay for an NFT on Christie’s auction a few months ago. NFT is…
2 years ago 2.4 k views
What is Wrapped Bitcoin (WBTC), and How Does it Work?
Bitcoin is the oldest and largest cryptocurrency on the market. It has colossal support from the entire crypto industry and several billion US dollars in liquidity reserves. Even those who are strangers to the world of digital assets know that Bitcoin is King. Nevertheless, for those who have a deep understanding of the Crypto Universe, Bitcoin is showing signs of lethargy regarding getting with the times. While the BTC token is still riding high and close to establishing a new…
2 years ago 965 views
Coinbase Custody Explores Adding 37 Cryptocurrencies, Including WBTC
Coinbase Custody, the arm of popular exchange Coinbase that provides custodial services, considers adding 37 cryptocurrencies to its services. DeFi tokens dominate Coinbase List The Custodial platform posted on its blog a list of 37 cryptocurrencies for research. The custodial platform offers storage solutions beyond the reach of any attack—the long list of Coinbase Custody mainly composed of DeFi tokens. Coinbase Custody's message is clear that decentralized finance (DeFi) and tokens have potentials. Some popular tokens on the list include…
2 years ago 391 views