Wrapped Bitcoin
Kraken Launches Wrapped Bitcoin Token kBTC on Ethereum and OP Mainnet
- Siamak Masnavi
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- 18 Oct 2024
On October 17, Kraken introduced Kraken Wrapped Bitcoin (kBTC), a new ERC-20 token aimed at increasing Bitcoin’s utility across decentralized applications (dApps) on networks such as Ethereum and OP Mainnet. Each kBTC token is backed 1:1 by Bitcoin and held in custody at Kraken, allowing users to engage with Bitcoin’s value within the decentralized finance […]
Cardano ($ADA) Founder on Why PoW-Based Bitcoin Network Could and Should Be Shut Down
- Siamak Masnavi
- /
- 4 Oct 2022
On Monday (October 3), Charles Hoskinson, Co-Founder and CEO of IOG (aka “IOHK”), the blockchain technology firm behind Cardano’s R&D, explained why it makes sense to stop mining more Bitcoin and converting all existing bitcoins to wrapped bitcoins (that exist on a smart contracts platform such as Ethereum or Cardano). In a video released yesterday, […]
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