Justin Sun's WBTC strategic move has stirred markets, prompting Maker to mull de-listing WBTC from its platforms.
founder Justin Sun has hit headlines following his involvement with Wrapped Bitcoin custody operations. His firm, BiT Global, hasHowever, the partnership has raised decentralization concerns among community members, prompting the executive to respond and defend himself. Part of Sun’s statement
‘We find that Sun’s involvement as a controlling interest in the new WBTC joint venture presents an unacceptable level of risk.’ As a result, Maker was mulling delisting WBTC from its platforms unless BitGo assured that the new partnership would be safe.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Justin Sun’s $1B initiative: Can it revive the bearish markets?Justin Sun announces $1b for crypto industry amidst market crash. TRX however remains bearish despite positive developments
Read more »
Justin Sun buys Ethereum worth $45M from Binance: What’s his plan?Justin Sun, founder of Tron, allegedly withdrew 14,436 ETH worth $45M from Binance, highlighting his involvement in the Ethereum market.
Read more »
Justin Sun pushes China to reconsider crypto stance amid U.S. electionsJustin Sun urges the Chinese government to adopt a progressive stance on cryptocurrency and a forward-thinking approach.
Read more »
Climate change is ending the Sun Belt boomFor decades, Americans streamed from North to South. No more.
Read more »
Stay Protected From The Sun While Outside Gardening With These 15 ProductsTessa Flores is a Staff Writer for HuffPost covering a number of shopping topics and lifestyle trends. She is based in Los Angeles and is an Oregon Native.
Read more »
Sun Peaks to get new permanent cross course, could attract high-level competitionGrand opening planned for winter season
Read more »