World Liberty Financial, a Donald Trump DeFi project, swaps $10.4 million in cbBTC for wBTC after Coinbase's decision to delist WBTC. This move stirs controversy and legal battles.
BiT Global accuses Coinbase of trying to take over the wrapped bitcoin market by removing wBTC and starting cbBTC.
World Liberty Financial, associated with Donald Trump, acquired $45M in crypto assets in December, investing heavily in ETH, cbBTC, and others. Trump is noted as "chief crypto advocate," with his sons as ambassadors. A Trump family-linked company receives 75% of net revenues.
Bit Global has filed a $1 billion lawsuit against Coinbase for allegedly delisting WBTC in favor of their own product, cbBTC. The case highlights claims of anticompetitive practices by Coinbase, exploiting its market dominance.
Bit Global has filed a lawsuit against Coinbase, accusing it of delisting its WBTC token to promote its own cbBTC. The legal action highlights the competitive tensions in the cryptocurrency market. Coinbase's alleged actions have raised concerns about fair competition and potential market manipulation.
Coinbase is being sued by BiT Global for $1 billion over the delisting of wBTC, which allegedly promotes Coinbase's competing product, cbBTC.
WLFI, a Trump-backed initiative, has converted USDC into CBBTC and ETH, totaling $59.18 million in assets. Arkham Monitoring revealed these significant transactions.
Coinbase will halt Wrapped Bitcoin (WBTC) trading on December 19, 2024, amid cbBTC's rise. Although WBTC trading stops, users can withdraw funds. The move reflects cbBTC's growing market influence, now over $1 billion in capitalization. WBTC's team urges reconsideration, highlighting compliance and transparency.
Wrapped Bitcoin (wBTC, cbBTC, tBTC) involves trade-offs in centralization, security, and adoption within DeFi.
Coinbase has delisted Wrapped Bitcoin (wBTC) from its platform due to listing concerns, soon after introducing its own wrapped bitcoin, cbBTC, on the Base platform.
Coinbase is delisting wBTC as Justin Sun launches a competing wrapped bitcoin token, cbBTC, quickly gaining a $1.5 billion market cap.
Concerns about Wrapped Bitcoin (WBTC) custody changes are exaggerated, while Coinbase Wrapped Bitcoin (cbBTC) is becoming a reliable alternative.
Coinbase plans to add proof of reserves to its Bitcoin wrapper cbBTC to increase transparency and address concerns about opacity.
A Bloomberg analyst notes that BlackRock's involvement with Coinbase's new wrapped Bitcoin product (cbBTC) boosts trust despite transparency concerns.
BlackRock's support for Coinbase's cbBTC aims to address concerns about reserve transparency within the crypto community.
Coinbase CEO Brian Armstrong addressed concerns by Tron founder Justin Sun about Coinbase’s wrapped Bitcoin, cbBTC, emphasizing its transparency and decentralization.
Coinbase CEO Brian Armstrong has responded to Tron founder Justin Sun's criticisms regarding the transparency of Coinbase's wrapped Bitcoin product, cbBTC.
Justin Sun criticizes Coinbase's launch of cbBTC, calling it a "dark day for Bitcoin".
Pepe Unchained, an Ethereum layer 2 project focused on meme coins, raised $13 million in a presale. The project is part of the growing trend of innovative Ethereum layer 2s and increased on-chain activity.
Tron founder Justin Sun criticizes Central Bank Bitcoin (CBBTC), claiming it contradicts Bitcoin's core principles.
Layer 2 Base is experiencing a surge in activity following the launch of Coinbase's innovative cbBTC token, outpacing other solutions like Arbitrum and Optimism.
Justin Sun issues caution against cbBTC, highlighting its lack of reserve proof, absence of audits, and potential to freeze balances at any time, marking it a dark day for BTC.
Aave considers integrating Coinbase’s cbBTC into its V3 platform. This aims to attract mainstream users but raises concerns over centralization and premature integration. cbBTC is seen as an alternative to WBTC. Aave is expanding offerings in the dynamic DeFi landscape.
Coinbase recently sparked speculation regarding the possible introduction of a new wrapped Bitcoin product, cbBTC.
Coinbase unveils cbBTC as competition to WBTC, following trust issues with Justin Sun's WBTC. The community has reacted to Coinbase's move.
