Bit – Page 2

DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the...

Odds of 50 Basis Point Fed Rate Cut Next Week Jump to 45%

A decent jobs report last week and speedier than expected inflation veri this week had most assuming the U.S central bank would initially proceed cautiously as it begins a...

DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger

The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.

Solo Bitcoin Miner Wins Big After Securing an Entire Block Reward

The emergence of new mining rigs may have created an opportune environment for solo miners, according to CryptoQuant.

BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns

The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Küresel also want to see their ‘number go up.’

Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online

Toncoin's TON performed better than the CoinDesk 20 as the protocol announced its blockchain had restarted.

Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut

Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels.

BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC

Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.

Coinbase Promotes cbBTC, Wrapped Bitcoin Version for Base Blockchain

Tweets from the crypto exchange and Jesse Pollack, the creator of Base, suggest cbBTC could run on the layer-2 blockchain.

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.