BitGo Launches Wrapped Bitcoin And Ether Tokens On TRON – January 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $34,081

Bitcoin price hit yet another all-time high today of almost $36,000, before bouncing back a couple of thousand dollars to begin Wednesday.

Top-20 altcoins are a sea of green once again, as Ethereum gains another 7%, Litecoin gains almost 5%, and Stellar steals the show with a massive 63% rise.

Top Stories for January 6, 2021 πŸ”₯

πŸ‘‰ BitGo Launches Wrapped Bitcoin And Ether Tokens On TRON

Cryptocurrency custody company BitGo has launched “wrapped” Bitcoin and Ether tokens on the TRON blockchain. Nearly 100 TRON-based WBTC tokens have been minted already, by Alameda Research and CoinList.

BitGo is already well-known for its Wrapped Bitcoin (WBTC) token on the Ethereum blockchain, which enables Bitcoin to be used in decentralized application as an ERC-20 token.

πŸ‘‰ Grayscale’s ETHE Shares Fall 50% Despite Ethereum Rally

Grayscale’s Ethereum Trust has seen its ETHE shares fall in value by 50% over the last two weeks, despite a monster rally of its underlying asset, Ethereum (ETH).

The crash has been attributed to an arbitrage strategy, due to ETHE shares trading at a large premium to the actual price of the underlying ETH.

πŸ‘‰ UK Ban On Cryptocurrency Derivatives Begins Today

A UK Financial Conduct Authority (FCA) ban on cryptocurrency derivatives trading products will go into effect today, as the authority believes it will save users Β£53 million in harm.

The ban was announced in October of last year, drawing strong criticism from the wider cryptocurrency community.