The new milestone was reached shortly after the launch of BlackRock's first tokenized asset fund — BUIDL, which joined 16 other tokenized government securities funds last week.
Adoption News
In general, adoption, as it relates to the technology world, is the process of something becoming more widely used and well known. Blockchain adoption has increased over the years since Bitcoin (BTC) launched in 2009 as an asset running on blockchain technology. Distributed ledger technology, or DLT, has caught the attention of mainstream companies for various use cases, such as supply chain management, while many crypto-native projects continue harnessing the tech.
Bitcoin adoption has also grown since the asset first came into the world, with entities showing greater interest in allocating funds to BTC. The Bitcoin adoption rate has increased over time. Cryptocurrency adoption, in general, has also increased, as assets other than Bitcoin have gained publicity.
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BlackRock’s CEO Larry Fink says he’s been “pleasantly surprised” at the level of retail demand for his firm’s spot Bitcoin ETF.
11548The massive overall demand for Bitcoin along with macroeconomic factors will play a far bigger role in driving the price of Bitcoin this year.
17109Combining technology, on-chain data and monetary theory can stabilize digital currencies and democratize access to advanced trading strategies.
69213The funds will be used to support ecosystem initiatives and reward long-term contributors.
6499Casa’s new self-custody inheritance feature will support multi-key vaults that allow benefactors to inherit BTC, ETH, USDT and USDC from deceased estates.
1838Discover the working pros, cons and step-by-step setup to gain control of your crypto assets via self-custodial wallets.
1088Ripple helped build an ecosystem automated market maker protocol in close partnership with the XRP Ledger blockchain community.
11030Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.
3973Coinbase’s move on-chain will carve a path toward a future on-chain financial system, claimed Bankless podcast co-host David Hoffman.
21661Early access to promising Web3 projects is a challenge due to complex whitelisting processes and the risk of scams in existing markets, says WhiteList Zone founder Dmytro Kutsenko. His project aims to revolutionize this field by creating a transparent, secure, and accessible whitelist marketplace.
16353The crypto exchange is the seventh largest by 24-hour trading volume.
12353A new layer-2 blockchain combines AI data processing and video rendering to offer an easy entry into Web3 gaming for developers.
10434While CBDCs might be the best option for those nations with existent currencies and mature banks, private stablecoins might help less advanced economies.
16786While the reduced reliance on Geth is good news, “we can’t declare victory yet,” says Lachlan Feeney, founder and CEO of Ethereum infrastructure firm Labrys.
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