WebFeb 16, 2024 · Now that you understand the three key players in WBTC, let’s look at a simple step-by-step process of token wrapping: Step 1: A merchant sends 10 Bitcoin (BTC) to the custodian. Step 2: The custodian adds it to a reserve (a crypto wallet) whose proof is published on-chain. Step 3: An equal amount of ERC-20 compatible WBTC is minted on … WebDec 14, 2024 · Bitcoin traded in a tight range around $46,000 on Tuesday. Some traders prefer to remain on the sideline until the U.S. Federal Reserve concludes its two-day monetary policy meeting on Wednesday ...
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