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Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits

Bitcoin.com
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits
Binance
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full AuditsWhen it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to company wallets, blockchain analytics firm Nansen has detailed the company is in the midst of creating a display […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves

Bitcoin.com
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
Binance
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-ReservesOn Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months

Bitcoin.com
Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months
3 Months
Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 MonthsThree months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion

Bitcoin.com
Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds Billion
/r/btc
Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds BillionAccording to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation. Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Moving $25 Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in Existence

Bitcoin.com
Moving Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in Existence
/r/btc
Moving Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in ExistenceAs the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam

Bitcoin.com
Total Value Locked Across Defi Nears 0 Billion, Non-Ethereum Projects Gather Steam
Aave
Total Value Locked Across Defi Nears 0 Billion, Non-Ethereum Projects Gather SteamAt the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. Total Value Locked Across […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply

Bitcoin.com
Tokenized Bitcoin on Ethereum Crosses Billion Notional, WBTC Commands 76% of Circulating Supply
/r/btc
Tokenized Bitcoin on Ethereum Crosses Billion Notional, WBTC Commands 76% of Circulating SupplyAccording to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion

Bitcoin.com
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds Billion
/r/btc
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds BillionFor quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or the Binance Smart Chain. Layer 2 and Sidechain Competitors Command $251 Million in Bitcoin Value […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands $2.3 Billion Market Cap

Bitcoin.com
Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands .3 Billion Market Cap
/r/btc
Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands .3 Billion Market CapOver the last twelve months wrapped or synthetic bitcoin projects have swelled a great deal. The digital token called wrapped bitcoin, for example, has 141,503 WBTC in circulation today, but the token called the Bitcoin BEP 2 (BTCB) has gathered some steam. Currently, there are 39,719 BTCB out in the wild today as the bitcoin-pegged […]
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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bybit fully restores withdrawal system following biggest crypto hack of all time

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