Auto Added by WPeMatico

BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a…

Continue ReadingBTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum…

Continue ReadingSupply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

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

Three 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…

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

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

As 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…

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