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.
Tokens News
A crypto token is an asset based on the blockchain of another asset, which is called a coin. Part of the definition of tokens is that they do not run on their own blockchains — a key distinction in clearing up the token vs. coin confusion.
Projects often build solutions on existing networks, such as Ethereum. Ethereum has a coin, called Ether (ETH), running on its blockchain. The majority of the tokens built on the Ethereum blockchain are ERC-20 tokens, or ERC-721 tokens if they are nonfungible tokens, or NFTs.
Each project typically employs its own token, meaning that the token runs on the blockchain on which the project was built. An entity can create a cryptocurrency token for a number of reasons, including use within a broader ecosystem. ICO tokens were popular during the initial coin offering boom of 2017.
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The feature incorporates a “Multichain Gas Relayer,” eliminating the necessity for the native gas token of another chain for transactions.
17254According to Visa, its tokens brought an “uplift” of more than $2 billion to the Asia-Pacific market in 2023.
2144Four market experts assess the current state of the Bitcoin market and where it is heading next.
6255Credit Suisse-backed Taurus will provide the Turkish neobank Misyon with tools to enable cryptocurrency custody and tokenization services.
1706The 2024 Bitcoin halving may have all the conditions for an impressive bullish scenario where prices reach record all-time highs.
4434Due to the continuing technical issue, RippleX has recommended its users no longer deposit funds into the affected AMM pools.
12729The market capitalization of tokenized United States Treasurys grew from $114 million in January 2023 to $845 million by December.
2294The transfers ranged from Bitcoin-based Ordinals Pepe (PEPE) coin to a CryptoDickbutts S3 NFT.
11184In Cointelegraph’s latest in-depth video, experts analyze five altcoins that could form a strong crypto portfolio for 2024.
4387Implementing an anti-dumping policy helps counter scammers who entice investors into projects before capitalizing on their own tokens to flee with profits.
In the motion, the lawyer representing the anti-graft agency contended that Binance’s activities in Nigeria contain elements of criminality.
2876The world’s largest asset manager has taken “the next step forward” toward a single ledger, instantaneous settlement and ending illicit activities, in the view of CEO Larry Fink.
11786The crypto-forward banking group is tokenizing funds in the Fidelity Institutional Liquidity Fund, the first time it has tokenized traditional assets.
1051Multiparty computation technology can solve data security and privacy issues by processing encrypted data.
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