Wrapped Bitcoin Derivatives: Concerns Around Lack of Transparency Emerge
It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards? Some bitcoin (BTC) derivatives that claim to be fully backed by the cryptocurrency could be on shaky ground, according to a blog post by Bitcoin […]
Go to Source
Author: Frederick Munawa
Related posts:
- Velar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight
- Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking
- Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
- UNI, SUSHI, MKR, Defi Tokens See 24 Hour Double-Digit Gains, Defi TVL Jumps 6% in 2 Weeks