Nearly $60M in Bitcoin Moved to Ethereum in June
Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.
The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token.
Digital asset trust company BitGo is in the process of “reaching out” to community partners to build an Ethereum sidechain because of rising fees, according to CTO Ben Chan.
Competition builds in market for tokenized bitcoin, used to get extra profit off holdings of the cryptocurrency recently denigrated as a "pet rock."
A dull bitcoin market contrasts with increasing use of the cryptocurrency in DeFi applications.
Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin.