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Bitcoin expands utility with launch of sBTC for decentralized finance applications
Stacks has launched sBTC on its mainnet, enabling Bitcoin-backed smart contracts for decentralized finance applications. Users can deposit Bitcoin for sBTC at a 1:1 ratio, earning approximately 5% annual rewards in sBTC, with withdrawals expected in Q1 2025. This development enhances Bitcoin's utility, allowing integration into lending platforms and decentralized exchanges while maintaining its security model.
@hackernoon
Stacks USD Muneeb Ali
Crypto, Blog Post
01:00 17.12.2024
bitcoin pauses near all-time high as election impacts future prices
Bitcoin has paused its ascent after nearing its all-time high. In the latest episode of CNBC Crypto World, Muneeb Ali, CEO of Trust Machines, shares insights on how the 2024 election results could influence cryptocurrency prices in 2025.
CNBC
United States Dollar Trust Machines Muneeb Ali
Finance & Economy, Transcript
20:00 30.10.2024
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