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Bitcoinist

2023-03-01 10:36:39

Wrapped Bitcoin Supply Declines To Negative, Here’s Why

Wrapped Bitcoin Supply Declines To Negative, Here’s Why

In a significant development, the supply of Wrapped Bitcoin (wBTC) has dropped to a negative value after a significant burn of 11,500 wBTC. The burn was linked to Celsius, a decentralized finance platform offering cryptocurrency lending and borrowing services. Related Reading: 52 Million Americans Own Crypto Amid ‘Frustration’ In Biased Financial System: Survey The burn

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