Bitcoin briefly loses its spot as top cryptocurrency — Wait, what?

Bitcoin's twin took over the number-one spot on CoinMarketCap. Bitcoin's market capitalization was briefly flippened today as Wrapped Bitcoin suddenly gained quadrillions of dollars in value.

Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December

BitGo “unwrapped” over 11,600 WBTC last month.

BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain

Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.

Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens.

Wrapped Bitcoin ‘Burns’ Increase as Traders Rotate Capital Out of Cooling DeFi

WBTC burns picked up in November, continuing into December.

There's a Bitcoin Hidden Inside This Piece of "Programmable" Art

The coin is a meme, and the project is a meme, but you can still drop real money for the chance to win a whole Wrapped Bitcoin.

Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

WBTC, BTCB, and other wrapped Bitcoin implementations may contribute to a BTC supply shortage looming on the horizon In a blog post of Friday, Binance re-introduced BTCB to the world — a wrapped Bitcoin asset intended to bring liquidity from the world's largest cryptocurrency, BTC, to Binance Smart Chain's DeFi (decentralized finance) ecosystem.  However, hodlers may be cheering the renewed interest in BTCB for a different reason: each Bitcoin locked on BSC may contribute to a looming BTC supply crisis.

Ethereum Classic Gets DeFi Treatment With Wrapped ETC

Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain from which it contentiously split in 2016.

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.

Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off

October’s growth is less than half of September’s 68,000 newly tokenized bitcoins.

Traders apathetic as Huobi launches two new wrapped assets on Ethereum

Ethereum-based traders turn their noses up at Huobi’s latest wrapped assets, including BSV and LTC Following the success of HBTC -- the wrapped Bitcoin tradable on Ethereum currently securing nearly $70 million in BTC -- Huobi Global has released the latest in its “H-token” series: Litecoin and Bitcoin SV.  However, traders and developers thus far don’t seem interested. First announced in September, the H-token series promised to bring a wide range of assets to Ethereum.

Wrapped Bitcoin is now Ethereum's 6th Largest Token

With a market cap now over $1.5 billion, Wrapped Bitcoin (WBTC) makes up 80% of the total BTC held on Ethereum. Wrapped Bitcoin (WBTC) reached all-time highs today in terms of market capitalization and number of tokens. WBTC is the most popular version of Bitcoin tokenized for use on the Ethereum network.

PayPal In M&A Talks With Wrapped Bitcoin Custodian BitGo - Report

Mike Belshe, Co-founder and CEO of BitGo.

What is driving Wrapped Bitcoin's growth this year?

2020 has turned out to be quite a year for the DeFi space.

Privacy Coin Zcash Makes Its Ethereum ‘Wrapped’ Debut With Tokensoft and Anchorage

WZEC is the first asset to be launched by “Wrapped,” a partnership between Ethereum tokenizers Tokensoft and qualified custodian Anchorage.

Coinbase Builds Into Bitcoin Ecosystem With Dev Grants, Wrapped BTC

San Francisco-based cryptocurrency exchange Coinbase has revealed two separate contributions to the Bitcoin ecosystem today.

Coinbase Pro to List Wrapped Bitcoin (WBTC)

Coinbase plans to start trading the coin on October 20.

'PolkaBTC', a tokenized bitcoin on Polkadot, to be launched

Polkadot announced that a new trustless wrapped Bitcoin - PolkaBTC-  will be released on its blockchain in early 2021.

Trustless Wrapped Bitcoin Coming to Polkadot in Early 2021

Polkadot will bring trustless wrapped Bitcoin in early 2021, the company has stated.

Wrapped Bitcoin Sees Record $57.1M in Tokens Minted by CoinList for Customers

CoinList set the record for most tokens minted in a day by a single merchant.

Bloq Enters DeFi World With Simplified Staking Product ‘Vesper’

Vesper will pool and stake deposited ether (ETH), wrapped bitcoin (wBTC) or tether (USDT) across DeFi protocols selected on the basis of a user’s risk preference starting mid-November.

Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral

There’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors.

Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked

Decentralized finance (DeFi) keeps booming as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.

Wrapped Bitcoin tops $1B after 900% increase in two months

The recent DeFi frenzy has seen $900 million worth of Bitcoin tokenized using Wrapped Bitcoin over the past two months. The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular Bitcoin (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion. The milestone comes four weeks after the TVL of all Bitcoin tokenized on Ethereum (ETH) surpassed $1 billion for the first time .

Record $616M of Wrapped Bitcoin Minted in September

Monthly value of minted WBTC grew 160% from August.

$1B in Wrapped Bitcoin now being audited using Chainlink’s ‘Proof of Reserve’

Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes.

BitGo automates WBTC audits with Chainlink’s new functionality

BitGo, which holds Wrapped Bitcoin WBTC in custody, announced in a blog today that it will adopt the Chainlink’s new Proof of Reserve functionality to automate audits of its WBTC reserves.

Chainlink Founder Explains How He's Making $1bn of WBTC More Secure

BitGo hopes that Chainlink, a decentralized oracle network, will make Wrapped Bitcoin (WBTC) more secure.

Another record-breaking WBTC mint - Bitcoin demand on Ethereum to grow?

On 25 September, crypto-trading firm Alameda Research minted the largest-ever quantity of Wrapped Bitcoin [WBTC].

Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain

Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees.

Record WBTC Mint Completed by Three Arrows Capital as Demand for Bitcoin on Ethereum Continues to Grow

The Singapore-based firm minted 2,316 WBTC Thursday afternoon.

BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain

The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token.

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1 B: Here’s Why

The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week.

Despite yETH returns of 2%, Yearn pushes forward with WBTC Vault

Yearn Finance has submitted a Maker Improvement Proposal for its forthcoming WBTC Vault, suggesting it will launch in the not-to-distant future. The popular yield farming decentralized finance (DeFi) protocol Yearn Finance is progressing with its forthcoming Wrapped Bitcoin (WBTC) Vault. The team has submitted a MakerDAO Improvement Proposal requesting whitelisting for the WBTC Vault to access upcoming oracle pricing from Maker, suggesting its launch may not be too far off. ‘Vaults’ are Yearn Finance’s core product.

Bitcoin Supply on Ethereum Tops $1B

92,609 bitcoins have been tokenized on Ethereum.

Wrapped Bitcoin unwraps growth amid DeFi hype

The Bitcoin spot market may be wrestling with the resistances and support, but synthetic Bitcoin tokens have been increasing.

$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain

According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain.

Alameda Research Claimed Nearly 70% of Wrapped Bitcoin Minted In August

Alameda claimed 14,654 WBTC in August following approval of its Compound collateral proposal.

Prompted by Booming DeFi, a Bridge Between Bitoin and Ethereum is Growing

Following a recent massive rise of decentralized finance (DeFi) projects - and because of it - some analysts expect wrapped bitcoin to continue being a growing bridge over which bitcoin (BTC) would be ported to Ethereum (ETH).

Ethereum Wrapped Bitcoin Supply Doubles In August Alone, But Why?

The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets.

Binance lists WBTC amid the ongoing DeFi craze

Demand for Wrapped Bitcoin is increasing along with the DeFi rally. Binance, the world’s largest cryptocurrency exchange in terms of market capitalization, is listing another token to support the growth of decentralized finance, or DeFi. Wrapped Bitcoin (WBTC), a new ERC-20 token pegged to the price of Bitcoin (BTC), is now tradeable on Binance, according to an Aug.

REN Price Surges With 10,000 Bitcoin Tokenized on RenBTC

DeFi token Ren surges as tokenized BTC grows in popularity. Wrapped Bitcoin competitor, renBTC, has made massive gains over the past week as the project’s token’s price, and the total amount of Bitcoin tokenized using the protocol surges. Ren is in second place behind Wrapped Bitcoin, or wBTC, which is currently the most popular method of tokenizing Bitcoin for use with DeFi protocols.

Another Bitcoin on Ethereum DeFi token is taking off

The supply of renBTC, a Wrapped Bitcoin competitor putting Bitcoin value on the Ethereum blockchain, has jumped 200% in less than week.

Bitcoin Investors Swap for Ethereum 'Wrapped BTC' to Yield Farm and Chill

Demand for Wrapped BTC has surged as Bitcoin investors seek a private method to gain exposure to DeFi and lend farming. Demand for the Wrapped Bitcoin (wBTC) has been growing tremendously in the last few weeks, with more than 23,100 wBTC ($274 million) currently in circulation. According to data from FlipsideCrypto, a digital asset data provider, more than half of these wBTC were minted in the past month as the decentralized finance sector saw record growth. Net wBTC supply since launch.

Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors

Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May.

Bitcoins Are Being Tokenized Faster Than They’re Mined as DeFi Craze Continues

The decentralized finance craze is causing demand for tokenized bitcoin to surge.