Binance
Stats Show Over 53,000 Wrapped Bitcoins Were off from Circulation within the Last 3 Months
Published
2 years agoon
By
adminThree months ago, there were 441,546 wrapped or artificial bitcoins on the Ethereum and Binance snart Chain price $17.45 billion using exchange rates on Apr twenty four, 2022. Since then, that range has borne by 53,582 artificial bitcoins and these days the amount of wrapped or guaranteed bitcoins is around 387,964 price $8.81 billion in worth.
Number of Wrapped or Synthetic Bitcoins Held Ethereum Declines
In the previous couple of years the employment of wrapped, guaranteed or artificial bitcoins has raised a good deal and earlier this year there have been near to [*fr1] 1,000,000 artificial bitcoins remained the Binance smart Chain (BSC) and Ethereum (ETH) blockchains.
A great majority of those sorts of tokens stem from the Wrapped Bitcoin (WBTC) project because the ERC20’s market cap is the eighteenth largest among 13,373 crypto assets. At press time, WBTC includes a current offer of around 236,882 wrapped bitcoins with a valuation of around $5.38 billion today.
However, WBTC’s circulating supply has had a small deal over the last 3 months as there was 280,505 WBTC alive on Apr 23, 2022, consistent with sand dune Analytics’ statistics. At the time, BTC was mercantilism for $39K per unit and also the WBTC market cap was valued at $10.93 billion.
WBTC is issued on Ethereum and at the time, the BSC BEP2 token otherwise called BTCB had a current offer of around 105,172, and these days the availability hasn’t modified very much like there’s 105,175 BTCB in circulation. 3 months ago the stash of BTCB was priced at $4.10 billion and these days it’s at $2.39 billion.
While 53,582 synthetic bitcoins are erased from a mixture of Ethereum-based tokens and most of the reduction stemmed from WBTC. Although, sand dune Analytics’ metrics indicate that HBTC, and RENBTC saw declines throughout the last ninety days.
HBTC saw a high of 39,870 on May 15, 2022, and today, the amount of HBTC in circulation is 38,970. Currently, the mixture range of synthetic or wrapped bitcoins on each BSC and ETH represents around 1.847% of BTC’s 21 million offer cap. The amount of artificial or wrapped bitcoins on Ethereum alone equates to 1.344%, which suggests this offer of BTCB alive represents 0.503% of BTC’s capped offer.
The post Stats Show Over 53,000 Wrapped Bitcoins Were off from Circulation within the Last 3 Months first appeared on BTC Wires.
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Altcoins
Binance Launchpool Rolls Out Staking and Trading Support for New Layer-1 Blockchain Project
Published
3 weeks agoon
April 14, 2024By
adminTop global crypto exchange Binance is planning on launching trading support for another new layer-1 altcoin project via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 52nd project will be Omni Network (OMNI), a network that aims to integrate Ethereum’s (ETH) rollup ecosystem into a single, unified network.
Explains the project,
“Omni is an Ethereum-native interoperability protocol that establishes low-latency communications between all Ethereum rollups. Omni offers a secure, performant, and globally compatible architecture that presents Ethereum as a single, unified operating system to both users and developers.”
Between April 13th and 17th, Binance users can stake BNB, the crypto exchange platform’s native asset, as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm OMNI tokens.
The exchange then plans to list the asset on April 17th. Binance will attach a seed tag to OMNI, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
Last week, Binance Launchpool kicked off support for Saga (SAGA), a layer-1 project that aims to enable developers to launch interoperable, application-specific chains called “Chainlets.”
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Altcoins
Kraken Crypto Exchange Plans To Delist Monero in Two European Countries in Two Months
Published
3 weeks agoon
April 11, 2024By
adminOne of the biggest centralized crypto exchange platforms in the world is planning on delisting a popular privacy-focused altcoin in two European nations in the coming months.
In a new article, crypto exchange Kraken says it’s going to be delisting Monero (XMR), a blockchain focused on anonymity that launched in 2014, from Ireland and Belgium starting in June.
According to Kraken, after June 10th, all remaining XMR on the crypto exchange will be automatically converted into Bitcoin (BTC), the top crypto asset by market cap.
“We will be delisting Monero (XMR) from the Kraken platform, for clients in Ireland and Belgium, on June 10, 2024. As of May 10, 2024 trading and deposits will be halted for XMR.
All margin positions will need to be closed by May 10, 2024 or these positions will be auto-closed. We will halt withdrawals of XMR on Kraken on June 10, 2024. At this time, any remaining XMR balances will be auto-converted into BTC.”
In February, XMR itself was delisted from Binance, the world’s largest crypto exchange platform by volume, and subsequently crashed 32%.
At the time, Binance went on a delisting spree, expelling digital assets such as decentralized governance network Aragon (ANT), artificial intelligence-focused blockchain Vaiot (VAI) and enterprise blockchain platform Multichain (MULTI), as well as XMR.
Being delisted earlier this year caused XMR to plunge to $108.80. However, the 57th-ranked digital asset has since recovered and is now trading for $134 at time of writing, a 1.3% gain during the last 24 hours.
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Altcoins
Binance Launchpool Rolls Out Support for New Layer-1 Crypto Project Focused on Developers
Published
1 month agoon
April 6, 2024By
adminTop global crypto exchange Binance is rolling out support for a new layer-1 crypto project via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 51st project will be Saga (SAGA), a web3 platform designed for developers.
Saga aims to enable developers to launch interoperable, application-specific chains called “Chainlets.”
Explains the project’s website,
“We are building this by rearchitecting developer and end-user interactions with blockchains. Using shared security, innovations in validator orchestration, and an automated deployment pipeline, Saga makes launching a dedicated blockchain, or Chainlet, as easy as deploying a smart contract.”
Between April 5th and April 9th, Binance users can stake BNB as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm SAGA tokens. The exchange then plans to list the asset on April 9th.
Launchpool will offer 45,000,000 SAGA as token rewards, 4.5% of the asset’s max supply.
Binance will attach a seed tag to SAGA, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
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