Altcoins News
By Maheen Hernandez
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A stable coin that is based on Bitcoin has been launched on the Ethereum Blockchain. This token is officially “Wrapped BTC” (WBTC), was launched on Wednesday evening…
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This project was a joint initiative between Republic Protocol, Kyber Network, and the cryptocurrency company BitGo.
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Davit Babayan, reported that “Major Banks are 3,233% more expensive than Bitcoin.” A financial advisor has reported this after he over-reached his withdrawal limits.
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A point to recollect is that way back in 2014, Mae Watson Grote said to New York Times, “When I sat down and looked at my clients’ bank statements and saw that they had paid $110…
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Since the overall purpose of Bitcoin is to settle the payments using a decentralized network and to record the transactions on the network by making use of a native token like…
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The major goal of WBTC is to bring in improved “liquidity to the Ethereum ecosystem” as well as to the decentralized exchanges and related financial applications.
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Benedict Chan, CTO BitGo stated that WBTC possessed, “the stability of Bitcoin and Flexibility like Ethereum.
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WBTC was listed on the cryptocurrency market data site on Wednesday evening with a reported 72.4214 WBTC on the Ethereum network.
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Being a smart contract technology, atomic swaps enables exchanging one cryptocurrency for another without centralized intermediaries like exchanges.
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The cross chain technology provides Cross-organization (Bitcoin vs. Ethereum). A value for the transfer is created between the assets.
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At the time of writing the news, Technical indicators were saying “sell.” The price of Bitcoin is different in different exchanges providing for excellent arbitrage…
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