Ethereum-Based ‘Wrapped’ Token Backed by Bitcoin Launches

Ethereum-Based ‘Wrapped’ Token Backed by Bitcoin Launches Wrapped Bitcoin (WBTC), an Ethereum (ETH)-based token backed by Bitcoin (BTC), has launched today, Jan. 31, according to a press release on the network’s website. The currency is a joint initiative by blockchain security firm BitGo, Kyber Network liquidity protocol and others. BitGo announced the development of the coin backed 1:1 with Bitcoin in…

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