{"id":17174,"date":"2024-09-22T15:17:34","date_gmt":"2024-09-22T12:17:34","guid":{"rendered":"https:\/\/forklog.com\/en\/coinbase-to-introduce-wrapped-bitcoin-cbbtc-on-solana-network\/"},"modified":"2024-09-22T15:17:34","modified_gmt":"2024-09-22T12:17:34","slug":"coinbase-to-introduce-wrapped-bitcoin-cbbtc-on-solana-network","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-introduce-wrapped-bitcoin-cbbtc-on-solana-network\/","title":{"rendered":"Coinbase to Introduce Wrapped Bitcoin cbBTC on Solana Network"},"content":{"rendered":"<p>Coinbase Singapore&#8217;s Director, Hassan Ahmed, has announced the cryptocurrency exchange&#8217;s plan to launch wrapped Bitcoin, cbBTC, on the Solana blockchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin ? Solana<\/p>\n<p>Just in from Breakpoint: <a href=\"https:\/\/twitter.com\/Hassan_NY?ref_src=twsrc%5Etfw\">@Hassan_NY<\/a> announced that <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@coinbase<\/a> plans to bring cbBTC to Solana! <a href=\"https:\/\/t.co\/e1UdoUDgbY\">pic.twitter.com\/e1UdoUDgbY<\/a><\/p>\n<p>\u2014 Solana (@solana) <a href=\"https:\/\/twitter.com\/solana\/status\/1837338949955768613?ref_src=twsrc%5Etfw\">September 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He did not specify an exact date or timeframe for the release.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cWe recently launched cbBTC on Base, but our users love Solana, and so do we,\u201d Ahmed stated.<\/cite><\/p><\/blockquote>\n<p>Coinbase first <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-hints-at-launch-of-wrapped-bitcoin\">hinted<\/a> at the launch of wrapped Bitcoin in mid-August. At that time, users expressed concerns about cbBTC&#8217;s centralization. BitGo CEO Mike Belshe played on the abbreviation of the wrapped version as &#8220;Central Bank BTC.&#8221;<\/p>\n<p>The full release occurred on September 12 on the Ethereum and Base networks, with further plans to expand to additional blockchains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Singapore&#8217;s Director, Hassan Ahmed, has announced the cryptocurrency exchange&#8217;s plan to launch wrapped Bitcoin, cbBTC, on the Solana blockchain. Bitcoin ? Solana Just in from Breakpoint: @Hassan_NY announced that @coinbase plans to bring cbBTC to Solana! pic.twitter.com\/e1UdoUDgbY \u2014 Solana (@solana) September 21, 2024 He did not specify an exact date or timeframe for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,138,1159],"class_list":["post-17174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinbase","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"50","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17174"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17173"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}