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Cryptocurrency News Articles
Coinbase and Base Creator Jesse Pollack Suggest the Crypto Exchange Is Developing a Wrapped Bitcoin Similar to Bitgo's wBTC to Run on the Layer-2 Blockchain
Aug 14, 2024 at 05:52 pm
Speculation was sparked by cryptic posts from Coinbase late Tuesday U.S. time. The posts contained the wording:"cbBTC" and"Coming soon."
Coinbase appears to be developing a wrapped bitcoin for layer-2 blockchain, based on posts from the crypto exchange and Base creator Jesse Pollack.
Cryptic posts from Coinbase late Tuesday U.S. time sparked speculation. The posts included the wording: "cbBTC" and "Coming soon."
They were followed by a post from Pollack, who runs Base, discussing how the team plans to build a "massive bitcoin economy" on the network.
A wrapped bitcoin is a way of making it available on protocols other than the one it was originally designed for, bringing increased liquidity to the target ecosystem. Each wrapped bitcoin represents one of the original, which is stored in custody.
The response to the announcement was largely neutral, as there is no technical change to the product and all data about underlying reserves continues to be verifiable on-chain. However, some chatter on the forums of DAI stablecoin issuer MakerDAO — which has a proposal open for the next month for MakerDAO token holders to vote on stopping wBTC borrowing and cutting wBTC debt limits to 0 DAI to reduce risk — brought up the announcement.
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
