Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion
Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.
BitGo “unwrapped” over 11,600 WBTC last month.
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.
Tokensoft is wrapping bitcoin and ether so traders can access them on any one of Kadena’s chains.
WBTC burns picked up in November, continuing into December.
Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain from which it contentiously split in 2016.