Ethereum Classic Labs has launched Wrapped ETC—becoming the latest blockchain to jump on the decentralized finance bandwagon. It’s hoped that the release of WETC will unlock access to DeFi protocols, which are often to be found on the Ethereum blockchain. Could this lead to a thaw in frosty relations between ETC and ETH devotees, and does this render the classic network rather useless?
Bittrex CEO Tom Albright explained that this year “has seen huge growth in DeFi as an asset class and a number of significant milestones completed.” He believes that as the industry matures more institutional and professional investors will look at its fundamentals and consequently “we are likely to see increased demand and higher trading volumes for DeFi in 2021.”
Celsius’ asset under management just surpassed $2.2 billion—after the firm reportedly became the first crypto platform to surpass $1 billion in total assets under management earlier this year
In a Nov. 5 filing, the U.S. Department of Justice revealed that it is seizing nearly 70,000 bitcoins and several other cryptocurrencies that were stolen from the infamous Silk Road darknet market. The Nov. 3 transfer gained a lot of attention in the cryptocurrency community, with blockchain intelligence firm CipherTrace speculating that either the wallet’s owner was moving the bitcoins to a more up-to-date wallet address, or that another hacker had cracked the wallet.
