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What is Wrapped Bitcoin (wBTC)? Are Wrapped Tokens Under Threat After FTX Crash?

CoinGape 27 Nov 2022
Wrapped Bitcoin (wBTC) is Bitcoin that has been regenerated to be used within the Ethereum ecosystem ... Next, you and therefore the merchandiser either create a trade through a centralized exchange (CEX) or a peer-to-peer group action (known as AN atomic swap) on a decentralized� exchange, feat the merchandiser with the Bitcoin and you together with your wBTC ... At the time of writing, wBTC is at 16,419.71, whereas Bitcoin is $16,587.11.

Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

Bitcoin 26 Nov 2022
This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the number has dropped by more than 15% down to 225,962 WBTC ... With tokenized bitcoin projects like BTCB and WBTC, users swapping these tokens are looking to get their real bitcoin back.

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Latest Prices

# Name Price Volume (24h) % Change (24h)
1 Bitcoin (BTC) $ 9379.51121871 29291234397.1 -2.12 %
2 Litecoin (LTC) $ 68.6382381813 5720089694.18 -1.62 %
3 Ethereum (ETH) $ 181.975638826 11767008363.1 -0.48 %
4 Veritaseum (VERI) $ 18.45 0 0.00 %
5 EOS (EOS) $ 4.206085936 3774755482.59 -0.25 %
6 Centra (CTR) $ 0.01471 0 0.00 %
7 DigiByte (DGB) $ 0.0062005626 942236.540577 0.00 %
8 AdEx (ADX) $ 0.05420 88877.21 -1.21 %
9 Humaniq (HMQ) $ 0.004962 14208.2208233 0.00 %
10 Private Instant Verified Transaction (PIVX) $ 0.2293 734764.276735 -3.14 %
11 XRP (XRP) $ 0.2412959304 1903216173.21 0.88 %
12 Bitshares (BTS) $ 0.0211442821 3198719.09431 -1.80 %
13 BitSwift (SWIFT) $ 0.4051 0 0.00 %
14 OmiseGo (OMG) $ 0.9035012009 73564679.2141 2.52 %
15 Sphere Coin (SPHR) $ 0.06553 0 0.00 %
16 Ethereum Classic (ETC) $ 11.5038562535 2965506879.02 -0.61 %
17 NEM (XEM) $ 0.0454819175 29553422.0555 0.00 %
18 Rivetz (RVT) $ 0.007995 9993 -20.90 %
19 MaidSafe Coin (MAID) $ 0.1110 1367484.96476 -0.32 %
20 FunFair (FUN) $ 0.003110 659876.996354 -2.81 %
21 Paragon (PRG) $ 0.01592 362.34112 -12.81 %
22 Stratis (STRAT) $ 0.3037 985978.792886 -0.12 %
23 NavCoin (NAV) $ 0.1015 659640.563461 -1.83 %
24 Rise (RISE) $ 0.002627 44551.98061 3.45 %
25 Verge (XVG) $ 0.0037872163 759364.83599 5.08 %
26 Reddcoin (RDD) $ 0.0007190 40259681.7228 25.00 %
27 TenX (PAY) $ 0.05483 456707.500823 -0.13 %
28 Waves (WAVES) $ 0.8912100364 82970286.3014 1.84 %
29 Lisk (LSK) $ 1.0365054837 6082448.73385 6.17 %
30 KickCoin (KICK) $ 0.0000969519 57571.4577545 5.26 %
31 Monero (XMR) $ 72.1346716882 107010674.883 0.86 %
32 Komodo (KMD) $ 0.6368109417 2702396.03471 3.95 %
33 BitcoinDark (BTCD) $ 22.00 0 0.00 %
34 Dash (DASH) $ 129.41 44110.8016989 2.43 %
35 Gnosis (GNO) $ 15.82 542.73541475 -0.64 %
36 Populous (PPT) $ 0.5442 589469.581183 5.01 %
37 NEO (NEO) $ 11.5080200258 470747259.833 7.02 %
38 BitConnect Coin (BCCOIN) $ 1.00 0 0.00 %
39 Tether (USDT) $ 1.0003916102 40283398497.6 0.00 %

Biggest Gainers

# Name Price Volume (24h) % Change (24h)

Losers

# Name Price Volume (24h) % Change (24h)

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What is Wrapped Bitcoin (wBTC)? Are Wrapped Tokens Under Threat After FTX Crash?

CoinGape 27 Nov 2022
What Is The Utility Of wBTC? ... How wBTC Works? ... Next, you and therefore the merchandiser either create a trade through a centralized exchange (CEX) or a peer-to-peer group action (known as AN atomic swap) on a decentralized� exchange, feat the merchandiser with the Bitcoin and you together with your wBTC ... ....
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Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

Bitcoin 26 Nov 2022
Tokenized Bitcoin Supplies Shrank Significantly During the Last 11 Months ... 25 ... On Nov ... 14, 2022, it was 266,880 WBTC ... The data suggests that during the crypto winter traders are swapping their tokenized stablecoins for real U.S ... With tokenized bitcoin projects like BTCB and WBTC, users swapping these tokens are looking to get their real bitcoin back.
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1inch Unveils New Feature to Protect Users From ‘Sandwich Attacks’

BitRSS 26 Nov 2022
... to protect MetaMask traders swapping on the 1inch .
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Op-Ed: How the crypto industry is responding to the FTX collapse

Cryptoslate 26 Nov 2022
In tandem with the FTX hacker crashing the price of ETH by swapping pilfered ETH for stablecoins, the crypto space never had so much negative pressure in such a short period ... Consequently, in the immediate FTX aftermath, users not only increased DeFi lending activity but decentralized token swapping as well.
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Top 3 Free Self-Custody Wallets To Safeguard Your Crypto

CoinGape 26 Nov 2022
As the name suggests, Self-Custodial wallets (also known as non-custodial wallets) give their users complete control of their crypto assets. Users’ private keys are not available to third parties, and the user solely owns or can access funds held in these wallets ... 1 ... 2 ... Exodus also supports swaps between more than 150 different cryptocurrencies.
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Chilliz (CHZ) And Algorand (ALGO) Tumble While Snowfall Protocol (SNW) Explodes!

Coinspeaker 26 Nov 2022
The FIFA World Cup 2022 in Qatar has finally begun, and soccer fans from all over the world are flocking to Doha to watch the competition ... This includes the majority of traders’ positions in Chiliz (CHZ) and Algorand (ALGO) ... Their dApp allows users to swap fungible and non-fungible tokens between chains quickly and easily ... Only 7 days to go!.
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Aave Feeling the Squeeze Even After Failed Attempt by Mango Hacker

Decrypt 26 Nov 2022
Decrypting DeFi is Decrypt's DeFi email newsletter. (art. Grant Kempster). The most interesting story in DeFi this week was the return of the “highly profitable trader” Avi Eisenberg ... This week, he took on a much bigger project ... After that, he took the new USDC he swapped for those CRV tokens to borrow more CRV and repeat the cycle ... Subscribe here.
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Aragon Project adds $20 million in ether to treasury for safety amid FTX collapse

The Block 25 Nov 2022
Aragon swapped $20.4 million worth of USDC and wrapped bitcoin for ETH, according to its weekly report. Ether tokens now account for about 42% of the Aragon treasury which is currently worth $153 million. Aragon swapped another $5.2 million worth of wrapped bitcoin for BTC ... Image ... ....
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KyberSwap Brings its swap rates on Solana with aggregator launch

CryptoNewsZ 25 Nov 2022
By launching its aggregator on Solana, KyberSwap has expanded its DeFi presence. The integration would enable the platform to provide swap rates on Solana in a secure and user-friendly manner. This new development makes KyberSwap the first EVM decentralized exchange aggregator to offer competitive swap rates on Solana ... Tags. Blockchain News ... ....
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Binance releases proof-of-reserves system, starting with bitcoin

The Block 25 Nov 2022
This comes just weeks after rival exchange FTX collapsed, after seemingly swapping user funds for other, more illiquid tokens — eventually leading to a liquidity crisis. Binance's goal is to show that it holds its users' assets in the same tokens that they have deposited ... ....
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Cardano (ADA) Daily Active Addresses Increases 90% Despite Dull Market

Crypto Economy 25 Nov 2022
The Cardano network has witnessed a substantial daily address activity growth reaching nearly 90% after the number of delegated wallets on the network surged to a whopping 1.2 million ... The stablecoin will simplify transactions for users to swap native Cardano (ADA) tokens on decentralized exchanges (DEX) with minimal fees ... ....
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Huobi Token (HT) and NEM (XEM) are trending up, but the best crypto investment is ...

CryptoNewsZ 25 Nov 2022
Cryptocurrencies are on the rise once again! Huobi Token and NEM are both trending up, but there is still one cryptocurrency that is outperforming them all. That currency is Snowfall Protocol ... (SNW) is a multi-chain transfer ecosystem that enables users to swap assets across the most widely used chains ... You can learn more here ... Final Thoughts ... Presale..
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Synapse: Enhancing Cross-Chain Interoperability

The Block 24 Nov 2022
Quick Take ... The Synapse bridge leverages the protocol to enable cross-chain asset swaps and transfers ... ....
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Crypto Lender Hodlnaut Investigated by Singaporean Authorities (Report)

CryptoPotato 24 Nov 2022
Hodlnaut Takes Another Punch ... The Singaporean-based cryptocurrency lender�halted�withdrawals, deposits, and token swaps in August, citing “difficult market conditions.” It�dismissed�approximately 80% of its workforce and reduced its interest rates nearly a week after suspending services ... The Exposure to Terra’s UST ... ....
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Whales Started Removing Ethereum (ETH) Holdings, stETH-ETH Depegs

CoinGape 24 Nov 2022
Whales became active after crypto prices fell to the lowest levels, starting to buy the dip. As a result, the crypto market recovered with Bitcoin and Ethereum prices skyrocketing over 8% and 10%, respectively ... Thereafter, swapped stETH to 8,104 WETH ... The stETH as collateral was disabled from Aave and most likely be swapped to Ethereum ... ....

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Vladimir Makei, Minister of Foreign Affairs for Belarus, is seen during the 2019 Comprehensive Test-Ban Treaty Article XIV Conference in Conference Room 2 at United Nations Headquarters in New York, NY, USA on September 25, 2019.
Creative Commons / The Official CTBTO Photostream https://creativecommons.org/licenses/by/2.0/deed.en
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