CoinDesk • May 08, 24
Kgothatso Ngako: How I Brought the Machankura Bitcoin App to Africa
Ngako is speaker at this year's Consensus festival, in Austin, Texas, May 29-31.
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1 Wrapped Bitcoin equals 1.00 Bitcoin
Last update: 10:41 PM, May 8, 2024
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The current WBTC to BTC conversion rate is 1. Inversely, this means that if you convert 1 BTC you will get 1 WBTC.
The conversion rate of WBTC/BTC has increased by 0.1% in the last hour and grown by 0.14% in the last 24 hours.
About Wrapped Bitcoin (WBTC)
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
About Bitcoin (BTC)
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Amount (WBTC) | Amount (BTC) |
---|---|
0.5 WBTC | 0.50 BTC |
1 WBTC | 1.00 BTC |
5 WBTC | 4.99 BTC |
10 WBTC | 9.99 BTC |
50 WBTC | 49.95 BTC |
100 WBTC | 99.90 BTC |
500 WBTC | 499.49 BTC |
1,000 WBTC | 998.98 BTC |
Amount (BTC) | Amount (WBTC) |
---|---|
0.5 BTC | 0.50 WBTC |
1 BTC | 1.00 WBTC |
5 BTC | 5.01 WBTC |
10 BTC | 10.01 WBTC |
50 BTC | 50.05 WBTC |
100 BTC | 100.10 WBTC |
500 BTC | 500.51 WBTC |
1,000 BTC | 1,001.02 WBTC |
Last update: May 8, 2024 at 10:41 PM |
24 hours ago | Change (24h) | 1 week ago | Change (1W) | 1 month ago | Change (1M) | 1 year ago | Change (1Y) |
---|---|---|---|---|---|---|---|
1.00 BTC | +0.09% | 1.00 BTC | -0.15% | 1.00 BTC | -0.17% | 1.00 BTC | -0.44% |
Last update: May 8, 2024 at 10:41 PM |
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CoinDesk • May 08, 24
Kgothatso Ngako: How I Brought the Machankura Bitcoin App to Africa
Ngako is speaker at this year's Consensus festival, in Austin, Texas, May 29-31.
Read more
The Block • May 08, 24
Core Scientific self-mined over $175 million of bitcoin in Q1, swings to profit
The company also said it registered a net income of $210.7 million, compared to net loss of about $400,000 last year.
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BeInCrypto • May 08, 24
Worldcoin (WLD) Price Could Continue Its 22% Increase
Worldcoin's price is in the middle of a bullish double bottom pattern and could note further rally provided it receives investors support.The post Worldcoin (WLD) Price Could Continue Its 22% Increase appeared first on BeInCrypto.
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