🚀 Crypto News! 🚀

🔹 Layer-1 blockchain Nomic launches Ethereum support on its decentralized Bitcoin custody platform starting September 12. Now, Nomic users can transfer BTC on Ethereum without a third party! 💪

🔹 nBTC will replace WBTC, providing a more trusted solution for DeFi. Turbofish CEO Matt Bell said: "Bitcoin is the most valuable crypto asset, Ethereum is the most valuable DeFi ecosystem... It's time to bring Bitcoin into real DeFi."

🔹 nBTC can move on Cosmos or any chain compatible with Cosmos' Inter-Blockchain Communication protocol.

🔹 Before nBTC, the only options for BTC DeFi were tBTC and WBTC. BitGo recently transferred WBTC custody to a joint venture with BiT Global, which was controversial due to its involvement with Justin Sun.

🔹 Threshold proposes to change the WBTC custody model, allowing control of WBTC. renBTC was another option but closed after the collapse of FTX.

👉 What do you think about this development? Comment now! 💬

#Crypto#Bitcoin#Ethereum#DeFi#Blockchain#Nomic