Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit Ramp
FTX filed for bankruptcy and FTX US later froze withdrawals, before reversing course.
Inside the $3B DeFi Exploit of Acala's Crypto Platform
The exploit of one of Acala's liquidity pools demonstrates how easily billions of dollars can be siphoned from DeFi platforms, potentially wreaking havoc on an entire industry in a matter of minutes.
Polkadot Now Has a Decentralized Version of 'Wrapped' Bitcoin
Interlay introduces a decentralized and trustless wrapped bitcoin bridge for DeFi users on Polkadot who are wary of third-party custodians and merchants.
Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize
The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collateral on Maker.
Binance Upgrades Blockchain Bridge to Connect DeFi and CeFi
The firm behind the exchange is continuing its infrastructure push.
What Are Blockchain Bridges and How Do They Work?
If you want to move tokens from one blockchain to another, you’ll likely need a blockchain bridge to allow those assets to travel.
WBTC Growth Shows Ethereum Users Appreciate the Exposure to Bitcoin
The growth of wrapped BTC hit an all-time high in January before backtracking slightly this month. WBTC is essentially a receipt token for Bitcoin in the form of an Ethereum-based token, called ERC-20. Chart of the Day shows that users of Ethereum appreciate exposure to bitcoin. Christine Lee explains the data on “All About ETH.”
Wrapped Bitcoin’s Supply Has More Than Doubled, but BadgerDAO Hack Exposed Risks of Moving Bitcoin to Ethereum
Higher returns usually come with higher risks.
BitGo CEO Talks Bitcoin, Crypto Regulation, WBTC
Over the past 30 days, bitcoin is up about 40%, trading at just below $50,000, although it is likely to face resistance towards the $55,000 mark. Mike Belshe, CEO of crypto custodian BitGo, discusses the potential catalyst for the rally and how much of the current regulatory environment has to do with the crypto markets. Plus, his outlook on the growth of wrapped bitcoin (WBTC).
Valid Points: The Fate of Ethereum Miners When There’s Nothing Left to Mine
Also: Why there’s growing demand for bitcoin on Ethereum.
