• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Coinbase’s cbBTC Teaser Fuels Rumors of Wrapped BTC Token

SB Crypto Guru News by SB Crypto Guru News
August 14, 2024
in Crypto Updates
0 0
0
Coinbase’s cbBTC Teaser Fuels Rumors of Wrapped BTC Token


Coinbase has hinted at launching a new product, sparking speculation that it might be its own wrapped Bitcoin token.

On August 14, Coinbase’s official X account shared a brief teaser: “cbBTC,” with a promise that it is “coming soon.”

This cryptic message was echoed by Jesse Pollak, the creator of Coinbase’s Layer-2 network Base, who expressed his enthusiasm for Bitcoin and mentioned that Base aims to create a “massive Bitcoin economy.”

What is a Rug Pull in Crypto? (Meaning + Examples)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Coinbase and Pollak’s posts follow a controversy involving Wrapped Bitcoin (WBTC) creator BitGo and Tron founder Justin Sun. On August 9, BitGo revealed plans to move WBTC’s control to a joint venture with custody platform BiT Global and Sun’s Tron ecosystem.

In response, BA Labs, a crypto risk management firm, proposed on MakerDAO’s forum to limit the growth of WBTC exposure and added:

We find that Sun’s involvement as a controlling interest in the new WBTC joint venture presents an unacceptable level of risk.

Matt Belshe, the CEO of BitGo, dismissed these concerns, attributing the backlash to Justin Sun’s reputation rather than actual risks and assuring that WBTC’s security will remain unchanged.

Justin Sun also addressed the issue on August 10 via X, clarifying that his involvement in WBTC does not grant him direct access to funds and asserting that “no changes to WBTC” have occurred.

The timing of Coinbase’s cbBTC teaser has led many to believe that the crypto exchange is positioning itself to offer an alternative to WBTC. The community awaits more details as these developments unfold, anticipating how they will impact the decentralized finance ecosystem.

In other news, Coinbase is dealing with a lawsuit filed by the US Securities and Exchange Commission alleging that the crypto exchange has violated federal securities laws. A recent update of the case is that Coinbase has requested access to Chair Gary Gensler’s private emails, which the SEC opposes.

Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.




Source link

Tags: Bitcoin NewsBTCcbBTCCoinbasesCrypto NewsCrypto UpdatesFuelsLatest News on CryptoRumorsSB Crypto Guru NewsTeaserTokenWrapped
Previous Post

Recession Indicator Now Suggesting Altcoins Time To Shine Against Bitcoin Approaching: Benjamin Cowen

Next Post

How to Become a Solana Developer?

Next Post
How to Become a Solana Developer?

How to Become a Solana Developer?

  • Trending
  • Comments
  • Latest
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Chiliz Chain Deep Dive – Why Build on Chiliz Chain? – Moralis Web3

Chiliz Chain Deep Dive – Why Build on Chiliz Chain? – Moralis Web3

September 10, 2024
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
How to Get NFT Balances with One RPC Call – Moralis Web3

How to Get NFT Balances with One RPC Call – Moralis Web3

August 30, 2024
Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

January 6, 2025
Exploring Moonbeam – Why Build on Moonbeam? – Moralis Web3

Exploring Moonbeam – Why Build on Moonbeam? – Moralis Web3

September 11, 2024
The legacy of the Baghdad Modern Art Group is explored in first major US show

The legacy of the Baghdad Modern Art Group is explored in first major US show

0
Bitcoin Seesaws After Fed Governor Waller Hints at a July Rate Cut

Bitcoin Seesaws After Fed Governor Waller Hints at a July Rate Cut

0
XRP Price In 2026? Pattern From 2017 Reveals How It Will Happen

XRP Price In 2026? Pattern From 2017 Reveals How It Will Happen

0
Will Oil Run Out of Steam?

Will Oil Run Out of Steam?

0
NetGuardians and Intix Merge to Form Vyntra

NetGuardians and Intix Merge to Form Vyntra

0
Tiktok Fires Back at 0M Trump Coin Allegation: ‘Irresponsible and False’

Tiktok Fires Back at $300M Trump Coin Allegation: ‘Irresponsible and False’

0
Tiktok Fires Back at 0M Trump Coin Allegation: ‘Irresponsible and False’

Tiktok Fires Back at $300M Trump Coin Allegation: ‘Irresponsible and False’

June 20, 2025
Bitcoin Seesaws After Fed Governor Waller Hints at a July Rate Cut

Bitcoin Seesaws After Fed Governor Waller Hints at a July Rate Cut

June 20, 2025
NetGuardians and Intix Merge to Form Vyntra

NetGuardians and Intix Merge to Form Vyntra

June 20, 2025
The legacy of the Baghdad Modern Art Group is explored in first major US show

The legacy of the Baghdad Modern Art Group is explored in first major US show

June 20, 2025
Bitcoin Hyper Raises M — Regulatory Risk or a New Crypto Project for 2025?

Bitcoin Hyper Raises $1M — Regulatory Risk or a New Crypto Project for 2025?

June 20, 2025
XRP Price In 2026? Pattern From 2017 Reveals How It Will Happen

XRP Price In 2026? Pattern From 2017 Reveals How It Will Happen

June 20, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.