New BTC backed token (WBTC) launched on Ethereum

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Over the last 24 hours, Bitcoin is -0.52% at $3,460.36

🔼A new token backed one-to-one with bitcoin is now live on the ethereum blockchain. “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening. The project was first unveiled in October as a joint initiative between decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. As stated on the project’s website, the aim of WBTC is to bring “greater liquidity to the ethereum ecosystem including decentralized exchanges and financial applications.”

Over the last 24 hours, Ethereum is -0.48% at $107.62

🔼 The world’s second-largest stock exchange Nasdaq has revealed that seven crypto exchanges are already using its market monitoring technology, Forbes reported Jan. 30. Just two of these seven collaborations have to date been publicized — the Winklevoss twins’ Gemini exchange, and Vctrade, run by Japanese financial services giant SBI Holdings. The stock market giant shared its rigorous vetting system for crypto industry players that seek to use its surveillance technology, known as the SMARTS Market Surveillance system. SMARTS is a cross-market, cross-asset surveillance tool that correlates real-time and historical data with detection patterns to trace illegal market activities, such as spoofing and wash trading.

Over the last 24 hours, Ripple is -0.77% at $0.309736

🔼Blockchain payments network Ripple announced it had hired a former HSBC general counsel to oversee its legal services and compliance, in a press release Jan. 30. Ripple, which has not had a general counsel of its own since September last year, will draw on Stuart Alderoty’s expertise as it navigates the legal territory associated with its operations, including those involving associated cryptocurrency XRP.

Today’s Stats:
Top Volume: Bitcoin ($5,849,948,479)
Top Mover: Everus (+14.76%)
Top Shakers: MobileGo (-21.48%)

(Based on the Top 100 Cryptocurrencies by Market Cap)

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