Interlay launches trustless BTC stablecoin bridge on Polkadot

Interlay launches trustless BTC stablecoin bridge on Polkadot

Cointelegraph.com News     •     August 11, 2022, 2:00 pm

InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token.

There is no chance that Bitcoin's supply cap will be removed. In order for that to happen, you'd have to convince millions of Bitcoin users to devalue their holdings for someone else's, rather than their own, benefit.

Bitcoin - The Currency of the Internet     •     August 11, 2022, 12:34 pm

submitted by /u/jguest1105 [link] [comments]

Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic

Cointelegraph.com News     •     August 11, 2022, 2:25 am

The blockchain forensics firm said cross-chain bridges provide an “unregulated alternative” to exchanges for transferring value between blockchains.

My brain cannot even comprehend how these people function day to day...

Bitcoin - The Currency of the Internet     •     August 10, 2022, 12:54 pm

submitted by /u/Skyworthe [link] [comments]

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