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Price Analysis: The Price Of Wrapped Bitcoin (WBTC) Increased More Than 5% Within 24 Hours

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Over the past 24 hours, the price of Wrapped Bitcoin (WBTC) has risen 5.75% to $41,969.00. 

Wrapped BTC Price Chart | Source: Coinstats

 

This continues its positive trend over the past week where Wrapped Bitcoin (WBTC) has experienced a 1.0% gain, moving from $41,569.60 to its current price. 

As it stands right now, the coin’s all-time high is $70,643.00.

See Also: Price Analysis: The Price Of Chainlink (LINK) Increased More Than 3% Within 24 Hours

The chart below compares the price movement and volatility for Wrapped Bitcoin over the past 24 hours (left) to its price movement over the past week (right). 

Wrapped BTC Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 20.0% over the past week, while the overall circulating supply of the coin has decreased 0.36% to over 157 thousand. 

Wrapped BTC Circulating Supply and Trading Volume Chart

 

This puts its current circulating supply at an estimated 100.0% of its max supply, which is 157 thousand. 

The current market cap ranking for WBTC is #17 at $6.63 billion.



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Press Release

ProBit Global Crypto Exchange Lists GTAI On Its Platform

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  • ProBit Global cryptocurrency exchange has listed GT Protocol’s token, GTAI on its platform.
  • Trading, deposits, and withdrawals commenced February 15.
  • GTAI token holders benefit from GT Protocol’s Web3 and AI technologies, offering solutions across CeFi, DeFi, and NFT markets.

Prestigious global cryptocurrency exchange ProBit Global lists GT Protocol’s GTAI token, enabling seamless cryptocurrency trading and portfolio management. 

GT Protocol is a multichain protocol for DeFi investment pools management & decentralized copy trading on DEX platforms.

In an announcement on ProBit Global’s official website via press release and subsequent social media posts, the move marks a milestone for the broader crypto ecosystem. 

See Also: Bitcoin Target $63,000 By March 2024, Is This Achievable: Matrixport Report

The announcement also highlighted that trading pairs GTAI/USDT were made available from February 15, facilitating seamless deposits, withdrawals, and trading activities.

Leveraging advanced Web3 and artificial intelligence technologies, GT Protocol claims to offer a transformative solution that spans across traditional centralized finance (CeFi), decentralized finance (DeFi), and the burgeoning NFT markets.

GT Protocol’s token, GTAI, serves as the backbone of the platform’s ecosystem, facilitating various functions. 

At its core, the token fuels the ecosystem rewards, incentivizing active participation within GT Protocol.

Moreover, with long-term holdings, staking, and exclusive product perks, GTAI token holders stand to benefit from significant advantages by supporting GT Protocol’s goal of making it easier for people to join the global cryptocurrency market.

Addressing the listing, ProBit Global BD and Partnerships Manager, Onur Özcan, stated,

“We’re thrilled to boost accessibility of AI tokens via our sizeable footprint and user base, especially given the market conditions and investment opportunities that exist in the AI space at the moment.”

Looking ahead, GT Protocol, fueled by the features of the GTAI’s ecosystem, aims to improve accessibility in cryptocurrency investing, particularly, for new traders.

See Also: Reddit Announced Its Bitcoin (BTC), Ethereum (ETH) Holdings Ahead Of IPO

ProBit Global was founded in 2018 and is among the top 20 crypto trading platforms, featuring access to 800+ cryptocurrencies and over 1,000 markets. 

The platform is distinguished by its robust crypto trading interface, compatibility with automated trading bots, and inclusion of a fiat on-ramp supporting 45 currencies, ProBit is a user-friendly experience for all.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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Axie Infinity Co-Founder Loses $9.7m 3,248 Ethereum Wallet Hack

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  • Two personal crypto wallets of Axie Infinity Co-Founder, Jeff “Jihoz” Zirlin, got compromised, allowing the hacker to walk away with $9.7 million worth of Ethereum (ETH).

Two crypto wallet addresses belonging to Jeff “Jihoz” Zirlin, one of the five co-founders of Axie Infinity and Ronin Network, were hacked, and roughly $9.7 million worth of Ethereum (ETH) 

On Feb. 23, blockchain investigator PeckShield alerted about a “whale wallet” compromise over the Ronin Bridge, reporting that the hacker made away with 3,248 ETH. 

Aleksander Larsen, co-founder of Ronin Network, immediately responded that “the (Ronin) bridge itself has top security” and suspected a wallet hack instead.

Larsen also highlighted that the Ronin Bridge had been audited and is designed to pause if an unusually large withdrawal is detected. 

See Also: Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits

Soon after, Zirlin confirmed that two of his personal wallets had been hacked. He said the attack was not due to vulnerabilities within the Ronin chain or Sky Mavis operations, adding:

“I want to assure everyone that we have strict security measures in place for all chain-related activities.”

PeckShield said that the root cause of the hack was a “wallet compromise,” which allowed the unauthorized outbound transfer of funds.

While no particular details were shared about the events that led to the hack, Zirlin’s message suggests that the private keys of the two wallets were leaked, which led to unauthorized access to his personal crypto wallets.

PeckShield’s investigation of the compromised wallets from Ronin Bridge v2 suggests that the 3,248-ETH loot was initially split and moved to three different wallets. 

The funds eventually made their way into Tornado Cash, a service often used by hackers to anonymize the funds’ ownership and traceability.

On Feb. 1, Binance froze $4.2 million worth of stolen XRP, a part of the $112-million hack on Ripple co-founder Chris Larsen’s personal wallet from Jan. 31.

Unlike Axie Infinity’s Jihoz hacker, Larsen’s hacker didn’t use crypto mixer services or decentralized exchanges to hide their identity. 

As a result, Binance was able to track down some of the funds and block them from the hacker’s access.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN





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Digital Yuan Now Used to Complete Car Pre-purchase Payments

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The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car pre-purchase payment settlements. 

According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles using this system.

China Launches Digital Yuan Car Pre-purchase Payment Pilot in Shenzhen

The digital yuan, the Chinese central bank digital currency (CBDC), is starting to be used in organized car repurchase payments. 

Local media reported that the Market Supervision Bureau in Pingsham, a district of Shenzhen with 400,000 citizens, and the Agricultural Bank of China had partnered to establish a pilot test for car payments.

The test was organized around the advantages of using the digital yuan, allowing a smart lock in the users’ payments that can be removed only after the delivery of the car. 

See Also: Axie Infinity Co-Founder Loses $9.7m In 3,248 Ethereum (ETH) Wallet Hack

The first batch of consumers that participated in the pilot in early February deposited their funds using the “Intelligent Payment and Peace of Mind” system of the Agricultural Bank of China and are waiting for the delivery of their cars.

The system will take care of the distribution of the funds once the delivery is completed, automatizing the flow of payments and regularizing the delivery of highly demanded cars in the market.

Mr. Wang, one of the participants in the project, stated that while the consumers acquire these cars from authorized dealers, delivering a large amount of funds in advance is always a cause for concern. 

With the use of the digital yuan car prepayment system, the service is guaranteed, and the funds are safer.

Also, a more comprehensive prepayment program has been launched in Pingsham, specifically in the Longping Tianhong Business District. 

There, 50% of the prepaid merchants have signed to use the digital yuan for prepaying catering, education, training, and other services in alliance with banks.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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