Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC
The token will be available on both Ethereum and OP Mainnet, and will be backed 1:1 with bitcoin, a company spokesperson said.
The bitcoin will be custodied in Kraken Financial, the exchange's U.S. qualified custody solution, in a segregated wallet.
The minimum deposit size for kBTC on both Ethereum and Optimism will be 0.00026 BTC, which is around $15, assuming a bitcoin price of $60,000.
NEW: Tesla just moved all 11,509 of their Bitcoin to a new wallet.
This is the first time in 2 years they have moved any portion of their stack.
Do you think this means they are selling or about to add to their position?
Blockchain firm Ripple has unveiled the platforms where its new stablecoin, RLUSD, will be available, aiming to penetrate a market largely dominated by Tether and Circle.
📈Market Overview
Bitcoin trades below $61K. The top-10 cryptos are traded in green zone:
BNB +3.03%
XRP +2.83%
TON +1.86%
Market capitalization: $2.22T (+0.72%)
The BTC dominance: 54.26% (-0.13%)
Fear & Greed Index: 40 (Fear)
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