Circle launches cirBTC on Ethereum to challenge $9B WBTC
cirBTC lands as a fully reserved, Circle-issued wrapped Bitcoin — a direct competitor to WBTC and the first on-chain asset beyond USDC on Circle's stack before Arc Network goes live.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
cirBTC lands as a fully reserved, Circle-issued wrapped Bitcoin — a direct competitor to WBTC and the first on-chain asset beyond USDC on Circle's stack before Arc Network goes live.
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Circle has launched cirBTC on Ethereum, a 1:1 Bitcoin-backed token designed to bring native BTC collateral into…
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2.4K $BTC (≈152M) moved from unknown wallet to unknown wallet.
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BitMEX co-founder Arthur Hayes argues that AI has absorbed a disproportionate share of newly created dollar liquidity…
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Joseph Lubin, co-founder of Ethereum, distilled the relationship between Bitcoin and Ethereum into a single line at ETH…
2K $BTC (≈124.8M) moved from unknown wallet to unknown wallet.
2K $BTC (≈124.7M) moved from unknown wallet to unknown new wallet.
Bank of America is urging investors to lock in gains, warning that the stock market is flashing "too many red flags" to…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Circle launches cirBTC on Ethereum to challenge $9B WBTC" — read at /en-US/a/circle-launches-cirbtc-on-ethereum-targeting-9b-wbtc.