cbBTC

Coinbase’s cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024

September 21, 2024 Coin Telegraph

Breakpoint 2024

Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

Coinbase's country director for Singapore, Hassan Ahmed, recently announced plans to bring Coinbase's new "cbBTC" — a wrapped Bitcoin asset — to the Solana (SOL) network at the Breakpoint 2024 event.

No date was specified for the launch of the Bitcoin (BTC) token during the announcement. Ahmed told the audience:

The Coinbase executive's announcement drew immediate applause from the Solana-centered conference — indicating an appetite for the collateralized asset.

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market

September 19, 2024 Bitcoin.com

Bitcoin

This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin token, cbBTC, in mid-September 2024, and it has swiftly expanded to a supply of 1,670 cbBTC, according […]

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

Coinbase’s New Wrapped Bitcoin Token Goes Live, Hitting $100,000,000 Market Cap in First Day

September 16, 2024 The Daily Hodl

Bitcoin

US crypto giant Coinbase has successfully gone live with the launch of its wrapped Bitcoin token at a $100 million market cap. The firm’s Coinbase Wrapped BTC (cbBTC) is a Bitcoin (BTC)-backed, Ethereum (ETH)-based token that aims to help users streamline their decentralized finance (DeFi) experience. Data from CoinGecko shows that cbBTC started trading on […]

The post Coinbase’s New Wrapped Bitcoin Token Goes Live, Hitting $100,000,000 Market Cap in First Day appeared first on The Daily Hodl.

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

September 13, 2024 Bitcoin.com

BASE

Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, […]

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

Coinbase Announces Launch of 1:1 Bitcoin-Backed, Ethereum-Based Token Coinbase Wrapped Bitcoin (cbBTC)

September 12, 2024 The Daily Hodl

Aave

Top US-based crypto exchange platform Coinbase is announcing the launch of Coinbase Wrapped Bitcoin (cbBTC), a Bitcoin (BTC)-backed Ethereum (ETH)-based token. In a new thread on the social media platform X, Coinbase says that cbBTC is now onchain and ready, meaning that holders of the top crypto asset by market cap can now access decentralized […]

The post Coinbase Announces Launch of 1:1 Bitcoin-Backed, Ethereum-Based Token Coinbase Wrapped Bitcoin (cbBTC) appeared first on The Daily Hodl.

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base

August 15, 2024 Bitcoin.com

BASE

Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive […]

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BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days