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Wrapped Bitcoin

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 <p><span style="font-weight: 400">This significant step which brings BTC to the Cardano network is crucial to the improvement of blockchain interoperability.&nbsp;</span></p>  
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 <h2 id="strong-cardano-wrapped-bitcoin-benefits-strong"><strong>Cardano Wrapped Bitcoin Benefits</strong></h2> 
 <p><span style="font-weight: 400">With this recent deployment, users can effortlessly interact with both tokens on a single network.&nbsp;</span></p> 
 <p><span style="font-weight: 400">While the development facilitates interoperability of blockchains, it is also a strategic approach of attracting a wider audience as well as Total Value Locked (TVL) on <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> which is known to have the highest market capitalization in the entire crypto industry.&nbsp;</span></p> 
 <p><span style="font-weight: 400">Currently, the market cap of BTC is approximately $572 billion, about half of the total crypto market cap.</span></p>  
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 <p><span style="font-weight: 400">Alongside the launch and deployment of the anetaBTC protocol, Cardano has completed the mint of BTC on its mainnet. Precisely, anetaBTC shared a screenshot showing that 1.706 cBTC has been minted successfully.&nbsp;</span></p> 
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  <p lang="en" dir="ltr">New BTC successfully minted on Cardano. </p> 
  <p>🔄 Minted: 1.706 cBTC<br>👼 Total: 6.19 cBTC</p> 
  <p>Mint here ⛅️👇https://t.co/j6vHNUKIlL pic.twitter.com/FZ5LFgqd8o</p> 
  <p>— anetaBTC 👼 Mainnet Live (@anetaBTC) August 12, 2023</p> 
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 <p><span style="font-weight: 400">Moreso, the on-chain protocol noted that a total of 6.19 cBTC has been minted on the Cardano network so far.&nbsp;</span></p> 
 <h2 id="strong-more-bullish-cardano-updates-strong"><strong>More Bullish Cardano Updates</strong></h2> 
 <p><span style="font-weight: 400">More upgrades are expected in the future as regards the anetaBTC protocol. Already, anetaBTC version 2 is in the works and its release is expected in the near future.</span></p> 
 <p><span style="font-weight: 400">Other highlights of this week include the 73.2 million transactions </span><span style="font-weight: 400">recorded</span><span style="font-weight: 400"> on the Cardano blockchain. Also, the total number of policies reported was over 78,000, and about 137 projects were launched on the ADA blockchain. Another milestone is the pre-release of node v.8.2.1-pre for use on SanchoNet.&nbsp;</span></p> 
 <p><span style="font-weight: 400">SanchoNet is a new development network designed to expose the Cardano ecosystem to governance <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> from CIP-1694 and to build and test together in a controlled environment.&nbsp;</span></p> 
 <p><span style="font-weight: 400">Lace v.1.4 was also released by the Lace team with newly integrated <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> like “ADA Handle” support enhancement and bug fixes. Input Output Global (IOG), the startup behind Cardano shared an update about the plan to </span><span style="font-weight: 400">expand</span><span style="font-weight: 400"> Mithril solution to Africa.</span></p> 
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Cardano (ADA) Welcomes Wrapped Bitcoin on Mainnet

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